In Short : The Maharashtra government has approved forming a joint venture with SJVN to develop 5,000 MW of renewable energy projects. The initiative will focus on solar, wind, and hybrid power projects to boost clean energy capacity in the state. This partnership aims to accelerate Maharashtra’s green transition while contributing to India’s broader renewable […]
Andhra Pradesh Set to Approve ₹12,700 Crore Green Energy Projects, Boosting 2,625 MW Capacity – EQ
In Short : Andhra Pradesh is set to approve green energy projects worth ₹12,700 crore this week, adding 2,625 MW of renewable capacity. Collaborations with major developers, backed by PPAs, aim to attract investments, create jobs, and strengthen energy security. The projects align with the state’s goal to become a leading green energy hub while […]
India Ends Centralized Renewable Tariff Pools to Unlock Stalled Green Energy Projects – EQ
The government has decided to revoke the uniform tariff mechanism for renewable energy projects, a move that will dissolve the central pricing pools set up to standardize rates across the country. This marks a significant shift from the earlier approach introduced in February 2024, when the Solar Power Central Pool and the Solar-Wind Hybrid Central […]
NLC India, MAHAPREIT form JV to develop 2,000 MW green energy projects – EQ
In Short : NLC India Renewables and MAHAPREIT have formed a joint venture to develop 2,000 MW of green energy projects in Maharashtra, with potential expansion to 5,000 MW. The partnership will begin with 500 MW, exploring solar, wind, and storage technologies. NIRL holds 74% equity, and MAHAPREIT 26%, aiming to power DISCOMs, industries, and […]
Godrej Enterprises Plans to Double Process Equipment Business in 5 Years – EQ
In Short : Godrej Enterprises plans to double its process equipment business within five years, driven by rising demand in energy, chemicals, and industrial sectors. The company aims to expand manufacturing capacity, enhance technological capabilities, and explore global markets. This growth aligns with India’s industrial expansion and clean energy transition, strengthening Godrej’s position in the […]
Sunsure Energy partners with REC for green energy projects – EQ
In Short : Sunsure Energy has partnered with REC (Rural Electrification Corporation) to collaborate on green energy projects. This partnership focuses on promoting the development of renewable energy infrastructure across India. By working together, both entities aim to contribute significantly to India’s renewable energy capacity, advancing sustainability and supporting the nation’s energy transition goals. The […]
Decline in battery costs boosting green energy projects: ICRA – EQ
In Short : “ICRA highlights the decline in battery costs as a key driver behind the surge in green energy projects, indicating a favorable environment for renewable energy adoption and sustainable development.” In Detail : The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, […]
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24 – EQ
In Short : In the fiscal year 2023-24, loans provided by IREDA for green energy projects surged to Rs 37,354 crore, indicating a significant uptick in investments towards sustainable energy initiatives. In Detail : The company has disbursed loans worth Rs 25,089 crore during the fiscal year. This has led to a robust growth of […]
Coal India WCL to set up green energy projects at closed mines in Chhindwara area Coal Secy – EQ
In Short : Coal India’s Western Coalfields Limited (WCL) is planning to establish green energy projects in the closed mines of the Chhindwara area, as confirmed by the Coal Secretary. This initiative reflects a commitment to repurpose mining areas for renewable energy ventures, contributing to sustainable development and energy transition efforts. In Detail : Nagpur […]
RENEW SIGNS MOUs FOR INR 640 Billion (~US $7.8bn) FOR GREEN ENERGY PROJECTS PFC, REC commit to debt funding of INR 320 bn (~US $3.9 bn) each – EQ Mag
Goa, India : ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India’s leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects. According to the MoUs signed with […]