In Short : Sunsure Energy has partnered with REC (Rural Electrification Corporation) to collaborate on green energy projects. This partnership focuses on promoting the development of renewable energy infrastructure across India. By working together, both entities aim to contribute significantly to India’s renewable energy capacity, advancing sustainability and supporting the nation’s energy transition goals. The […]
Decline in battery costs boosting green energy projects: ICRA – EQ
In Short : “ICRA highlights the decline in battery costs as a key driver behind the surge in green energy projects, indicating a favorable environment for renewable energy adoption and sustainable development.” In Detail : The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, […]
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24 – EQ
In Short : In the fiscal year 2023-24, loans provided by IREDA for green energy projects surged to Rs 37,354 crore, indicating a significant uptick in investments towards sustainable energy initiatives. In Detail : The company has disbursed loans worth Rs 25,089 crore during the fiscal year. This has led to a robust growth of […]
Coal India WCL to set up green energy projects at closed mines in Chhindwara area Coal Secy – EQ
In Short : Coal India’s Western Coalfields Limited (WCL) is planning to establish green energy projects in the closed mines of the Chhindwara area, as confirmed by the Coal Secretary. This initiative reflects a commitment to repurpose mining areas for renewable energy ventures, contributing to sustainable development and energy transition efforts. In Detail : Nagpur […]
RENEW SIGNS MOUs FOR INR 640 Billion (~US $7.8bn) FOR GREEN ENERGY PROJECTS PFC, REC commit to debt funding of INR 320 bn (~US $3.9 bn) each – EQ Mag
Goa, India : ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India’s leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects. According to the MoUs signed with […]
NLC India forms arm to undertake green energy projects – EQ Mag
NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, 2023, NLC India said in a statement. State-owned NLC India Ltd on Friday announced the incorporation of a subsidiary company to undertake its existing renewable energy projects. NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, […]
Companies delaying green energy projects won’t get relief in commissioning – EQ Mag
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated. The central government has […]
Adani group aims to raise about $800 million for financing green energy projects – EQ Mag
Nearly a month after the report was published, Adani Group lost almosty two-thirds of its combined market value. New Delhi : Billionaire Gautam Adani-led Adani Group is aiming to raise about $800 million for new green energy projects, Bloomberg reported quoting people familiar with the matter. This, if true, could be Adani Group’s biggest borrowing […]
Odisha clears Rs 1.5L crore worth proposals, IT infra, green energy projects on top priority – EQ Mag
According to the state government, the said projects are likely to create employment opportunities for 27,030 people in the state. Among the sectors that are likely to get the investments primarily include green energy and IT infrastructure. Clearing a new green infrastructure roadmap, the Odisha government on Thursday cleared nine industrial projects worth Rs 1,53,074.63 […]
NGEL, HPCL partner to develop green energy projects – EQ Mag
New Delhi : NTPC Green Energy Ltd (NGEL) has signed an agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the development of renewable energy-based power projects. Under the agreement, NTPC said its renewable energy arm — NGEL — will also supply 400 MW round-the-clock to HPCL. “NGEL and HPCL signed a non-binding Memorandum of Understanding […]