KKR and Vedanta joint venture (JV), Serentica Renewables, has tied up a loan of Rs 2,600 crore from Power Finance Corporation (PFC) for green power projects which are being built to meet captive needs of Vedanta Group companies, and BALCO in particular. The total cost of those projects is around Rs 3,500 crore and have […]
Long-distance transmission corridor to bring green power from Gujarat to Mumbai – EQ Mag
MUMBAI: A major project to bring renewable energy from Gujarat to Mumbai through an “expressway” power corridor is underway and is likely to be commissioned by the year-end, industry sources told Mumbai Mirror recently. This corridor–which has its last leg in Maharashtra called the Mumbai Urja corridor–will bring at least 2,000MW green energy from the […]
Adani’s utility to supply mostly green power to Mumbai by 2027 – EQ Mag
Renewables accounted for 30% of power procurement for Adani Electricity as of March 31 – a ten-fold jump over the last two years, the company said in a presentation to stock exchanges Wednesday Adani Electricity Mumbai Ltd., a closely held utility of Adani Transmission Ltd., said it’s on course to procure as much as 60% […]
Embassy Office Parks REIT plans to invest over Rs 300 crore to expand its green power – EQ Mag
The REIT is aiming to more than double its off-site renewable energy capacity across Bengaluru and the NCR, apart from the current 100 MW solar plant in Karnataka and the ongoing 20 MW solar roof-top project pan-India. Embassy Office Parks REIT plans to invest over Rs 300 crore to expand its green…Read More… Source: PTI
No takers for green power worth 5 GW – EQ Mag Pro
NEW DELHI : Amid the government’s ambitious energy transition goals, as much as 5 GW of electricity from renewable energy projects remains unsold, two people aware of the development said. The reason: A government-run nodal agency has been unable to find distribution companies willing to buy the power from these projects. State-run Solar Energy Corp. […]
MP govt aims to generate extra 20,000 MW of green power by 2030 through renewable energy sources – EQ Mag Pro
The state currently produces 5,500 MW of green energy through various renewable power sources and a major part of it is sourced through solar power. Madhya Pradesh has set an ambitious target of generating an additional 20,000 Megawatt (MW) of green power by 2030 through renewable energy sources, including setting up of a solar plant […]
Green power producers sore as TN set to increase transmission charges by 14 fold – EQ Mag Pro
Chennai : The Green power producers in the state are sore as the Tangedco has submitted a proposal to the Tamil Nadu Electricity Regulatory Commission to raise the transmission charges. According to the proposal submitted by Tamil Nadu Distribution and Generation Company (Tangedco), the charges per unit for transmission will be increased to Rs 1.52 […]
Vedanta Aluminium says will source 380 MW of green power for smelters – EQ Mag Pro
Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Once online, this project has the potential to reduce the company’s greenhouse gas emissions by […]
Statkraft supplies a further 300 GWh of green power to cement manufacturer OPTERRA since beginning of April – EQ Mag Pro
Düsseldorf, Leipzig: Statkraft, Europe’s largest producer of renewable energy, has signed a further power purchase agreement (PPA) with OPTERRA, one of Germany’s leading cement manufacturers, on the supply of renewable power from onshore wind and solar power. It follows a wind power PPA agreed in 2021 and enables OPTERRA to further transition its plant operations […]
Australian company – Origin signs seven PPAs in Oz – EQ Mag Pro
Australian energy company supplying green power from the Stockyard Hill wind farm in Victoria Australian company Origin Energy is to supply renewable electricity to seven clients under long-term power purchase agreements (PPAs) in the states of New South Wales and Victoria. The deals are with Melbourne Airport, Ausgrid, Nexus Hospitals, Southern Cross Station, NSW Ports, […]