renewable energy projects

SECI Invites Bids for 500 MW Firm & Dispatchable Power from Renewable Energy Projects

The Solar Energy Corporation of India (SECI) has issued an RFS for 500 MW firm and dispatchable power from ISTS-connected Renewable Energy (RE) power projects. SECI will select renewable energy power developers for the supply of 500 MW firm and dispatchable power on demand-following basis from ISTS-connected RE projects in India. Land and connectivity shall […]

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Hero Future Energies Signs MoUs for INR 6200 Cr to Develop Future RE Projects

Hero Future Energies has signed two Memorandums of Understanding (MoUs) with REC Limited and PFC Limited for infusion of INR 31100 crores each in HFE over the next five years. The MoUs, were signed on the sidelines of 4th G20 Energy Transition Working Group (ETWG) meetings at Goa. A sum of Rs 6200 crores, gained […]

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Around 54 GW of RE Projects Under-Construction in India: CEA Report

  Month Day, Year by Author via Twitter According to a report on Under Construction Renewable Energy Projects released by the Central Electricity Authority (CEA), India’s installed renewable energy (RE) capacity, excluding large hydro, reached approximately 125.16 GW by the end of March 2023. The report indicates that the country aims to add over 54 […]

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Highest Cost of Financing for RE in Mexico, Egypt & Tunisia, Lowest in Germany: IRENA

IRENA (International Renewable Energy Agency) has released a report entitled ‘The Cost of Financing for Renewable Power’.  The Cost of Capital (CoC) is a major determinant of the total price to purchasers of electricity from renewable power generation technologies. As per the report, incorrect assumptions for CoC are not accurate, the cost of electricity might […]

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Iberdrola to Supply Over 1 TWh Renewable Power to Amazon

In a key development that will step-up the decarbonisation of global e-commerce and cloud company Amazon, Spanish energy firm Iberdrola has inked its largest ever power purchasing agreement (PPA) under which it will develop large-scale renewable energy projects along with Amazon. The PPA is signed for the Iberdrola renewable energy projects – new wind and […]

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SJVN & Indian Oil to Form JV for Renewable Energy Projects

CPSU SJVN and Indian Oil Corporation have inked an agreement to form a joint venture for renewable energy projects. This was revealed by SJVN Chairman & Managing Director Nand Lal Sharma while adding that both SJVN and IOCL will employ their core strength for project development. The new firm will look into the development of […]

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IREDA Plans Office in Gujarat’s GIFT City for Foreign Currency Funding of Renewables

The Indian Renewable Energy Development Agency Ltd (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance renewable energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Pradip Kumar Das, Chairman and Managing Director […]

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Sri Lanka Investment Board Greenlights $442-mn Adani Green Wind Power Plants

The Board of Investment of Sri Lanka has given its nod to two wind power plants by AGEL (Adani Green Energy Ltd). These entail a cumulative investment of $442 million. As per the statement, the wind power plants that boast of 350 MW of capacity are scheduled for commissioning in two years. They will be […]

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India Will Blacklist Renewable Energy Companies for Missing Deadlines

The Union Ministry of New and Renewable Energy (MNRE) has issued an order which says that renewable energy firms could be blacklisted in case they fail to meet deadlines to complete renewable energy projects. The order states that the blacklisting will be for a period of three to five years. India has introduced blacklisting of […]

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