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Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project

The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power []

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NTPC, JBIC Collaborate To Finance Renewable Energy Project In India

Japan Bank for International Cooperation (JBIC) Governor, HAYASHI Nobumitsu has signed a loan agreement that amounts to up to JPY15 billion of which JBICs portion is JPY9 billion, with NTPC Renewable Energy Limited (NREL) of India. The loan is co-financed with Sumitomo Mitsui Banking Corporation and the Bank of Fukuoka, Ltd. JBIC also claims to []

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Iberdrola To Build Six BESS Projects Of 150-MW In Spain

Global renewable energy conglomerate Iberdrola has announced that it will install six Battery Energy Storage Systems (BESS) with a combined capacity of 150 MW in Spain. Battery storage technology is becoming increasingly important for maximising the use of clean energy, regulating the grid frequency to within a millisecond and providing back-up capacity at peak energy []

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Hero Future Energies Inks Pact With PIXON Green For Solar Module Supply

Hero Future Energies has announced the signing of an agreement with PIXON Green Energy, a domestic module manufacturer, for the supply of solar PV modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritized basis for two years from their automated []

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IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending []

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NIIFs India-Japan Fund To Invest Rs. 400 Crore In Mahindra Last Mile Mobility

Indian automotive company Mahindra & Mahindra Ltd. (M&M) and India-Japan Fund (IJF), a fund managed by National Investment and Infrastructure Fund Limited (NIIF) have executed a binding agreement for IJF to invest Rs. 400 Crore in Mahindra Last Mile Mobility Limited (MLMML). It claimed to house M&Ms last-mile mobility business including three wheelers (Alfa, Treo, []

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Sr. Engineer/Asst. Manager Design Solar

To prepare the electrical design, SLD and layout for Rooftop & Ground mounted PV Projects To be responsible for selection of components, makes and specs of the various components used for Ground mounted PV Projects To clarify all concerns of the installation teams and amend drawings to as built conditions To work with procurement team []

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ESMAP, World Bank Report Make Case For Energy-Plus Storage In India

A recent report from the World Bank on energy storage program, introduced a framework for addressing intermittency challenges in solar and wind energy. The proposed solution involves integrating battery energy storage to manage variable energy output effectively. This report is by the Energy Management Assessment Program (EMAP) in collaboration with the World Bank (WB), the []

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Radiance Renewables Secures Green Loan Facility for 150 MW Solar Project

EverSource Capital-backed Radiance Renewables Pvt. Ltd. has become the first commercial & industrial (C&I) renewable energy player in India to secure a green loan project finance facility for its 150 MW (AC) greenfield C&I solar power project located in Maharashtra. The facility will provide the necessary financing for the 150 MW (AC) solar project located []

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