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NTPC Eyes 130 MW Floating Solar in Tripura

National Thermal Power Corporation (NTPC) said that it will be conducting a feasibility study for a 130 MW floating solar power plant on Dumbur Lake that falls in Gomati district of Tripura. In the current case, Tripura Renewable Energy Development Agency (TREDA) has inked an MoU with NTPC for the feasibility study. As part of […]

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Spanish IPP Opdenergy Transfers All Bruc Projects for 1,101MW Cumulative Capacity

Renewable energy firm Bruc has completed the acquisition of eight new solar PV power generation plants from independent renewable energy producer Opdenergy with a cumulative capacity of 444 MW. This transaction is part of the agreement reached between Bruc and Spanish Independent Power Producer (IPP) Opdenergy in August 2021 for the sale and purchase of 20 solar […]

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TagEnergy Energises 50 MW Battery Storage Facility For UK

Global clean energy enterprise Tag Energy has announced that it has operationalised 49.5MW/99MWh standalone energy storage system near Luton, England. The funding has also come from Santander UK in the £30 million Chapel Farm development. The ESS is a joint venture between TagEnergy and Yorkshire-headquartered Harmony Energy. TagEnergy’s had acquired a 60% stake in the […]

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MSEDCL Gets Nod For Long-Term Solar Power Procurement At Rs 2.90/unit  

The Maharashtra Electricity Regulatory Commission (MERC), in its latest judgment, allowed the Maharashtra State Electricity Distribution Company (MSEDCL) to procure solar energy from the state’s 500 Megawatt (MW) grid-connected intra-state solar projects (Phase-IX) at the rate of Rs 2.90 per kilowatt. The decision came after the discom moved the Commission seeking their approval. The discom, earlier […]

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Savannah Energy To Build 200 MW Solar Power Projects in Niger

A move that is expected to speed up the expansion of renewable energy in Niger, Savannah Energy PLC, a British independent energy company, signed a Memorandum of Agreement (MoU) with the Niger government for the development of two solar power plants.  The cumulative capacity of these two projects stands at 200 Megawatt (MW). Savannah Energy Niger […]

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Indian EV Sector Registered 170% Growth In FY23: CEEW-CEF Report

A latest analysis report by the Council on Energy, Environment and Water’s Centre for Energy Finance (CEEW-CEF) claimed that sales of Electric Vehicles (EVs) in India grew exponentially in FY23. It claimed that the Indian EV sector witnessed a growth of 170 percent (compared to FY22). It also crossed the one million mark during the […]

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Verizon Materialises $1 Billion Bond For Renewable Energy Projects

Telecom major Verizon Communications has announced to have settled its fifth green bond offering of $1 billion. The New York headquartered firm said that the net proceeds of the funds are expected to be allocated entirely toward renewable energy investments. The objective to invest in renewables is to accelerate the transition towards green electrical grids […]

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