Countries and companies the world over are seeking to cut emissions to combat climate change, buoying renewables-focused companies including Iberdrola. MADRID: Spanish wind energy group Iberdrola plans to invest 75 billion euros ($88 billion) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it […]
Adani to complete 1,000 MW transmission line to Mumbai by December 2022
In a review meeting taken following last Monday’s power outage, Maharashtra Chief Minister Uddhav Thackeray had asked all stakeholders to expedite the project by adhering to the timelines Mumbai: Adani Transmission Ltd (ATL) on Sunday affirmed that it will be able to execute a transmission line and sub-station project at suburban Vikhroli which will enhance […]
Total CEO reviews projects with Gautam Adani
French supermajor Total S A CEO Patrick Pouyanne made a day-long visit to India to review the gas and renewable energy projects his firm has with Adani Group. Total has joint ventures with Adani Group firms for city gas distribution, LNG import terminal, and renewable energy projects. In February this year, Total and Adani Green […]
Adani Green Energy ties up with 10 global banks for construction projects
“We have a very large construction pipeline that is ahead of us. Typically how we do our financing is that we take construction financing from Indian banks and once they are operational then we refinance the portfolio by raising international bond funding Mumbai: Adani Green Energy on Friday said it has tied up with around […]
These 7 auctions show India’s renewables sector is still primed for growth
Despite pandemic disruptions, there is plenty of investment capital available for renewable projects While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note. Policy-related headwinds and a […]
Rajasthan HC temporarily stays Adani’s 1500 MW solar power project near Pokhran
The Court sought Rajasthan government’s stand on a petition by local farmers challenging the allocation of nearly 990 hectares of agricultural land to the private business house The Rajasthan High Court on Tuesday temporarily stayed an Adani group’s joint venture project with the state government for building a 1500 MW solar energy park near Pokhran […]
Adani, KKR, Edelweiss keen on Mahindra Susten’s solar assets
Potential deal for 810MW of projects, valued at about $530 mn, comes in the wake of power sector reforms Mahindra Susten, has commissioned over 967MW, and is executing projects to add another 668MW NEW DELHI : The Adani Group, private equity firm KKR and Edelweiss Infrastructure Yield Plus Fund have separately evinced interest in acquiring […]
Huawei’s Digital Technologies Facilitate Successful Grid Connection of Adani 50MW PV Plant during COVID-19 Lockdown
On April 16, when India was still on lockdown due to the COVID-19 pandemic, a 50 MW PV plant in Rajasthan State was successfully connected to the power grid. This project was constructed by Adani Green Energy, a new energy subsidiary of the Indian energy conglomerate Adani Group. To date, Adani Green Energy has put […]
Adani Green plans Rs 10,000 crore capex for FY21 to build wind, solar plants
The CEO said that nearly Rs 7,000 crore of the amount will be financed by debt raised from domestic lenders. Adani Green Energy Ltd plans to spend Rs 8,000 crore and Rs 10,000 crore to build between 1,100 MW and 1,500 MW respectively of wind and solar power plants in financial year 2020-21. As per […]
Top 10 players consolidating solar market in India: Report
The ‘India Solar Market Leaderboard, 2020’ report puts ReNew Power as the top utility-scale developer during 2019, while Azure Power owns the largest project pipeline New Delhi: The renewable energy market in India continues to grow at a fast pace with the country commissioning 7.3 GW of solar power projects in the calendar year 2019, […]