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 […]
NLC India forms arm to undertake green energy projects – EQ Mag
NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, 2023, NLC India said in a statement. State-owned NLC India Ltd on Friday announced the incorporation of a subsidiary company to undertake its existing renewable energy projects. NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, […]
Companies delaying green energy projects won’t get relief in commissioning – EQ Mag
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated. The central government has […]
Adani group aims to raise about $800 million for financing green energy projects – EQ Mag
Nearly a month after the report was published, Adani Group lost almosty two-thirds of its combined market value. New Delhi : Billionaire Gautam Adani-led Adani Group is aiming to raise about $800 million for new green energy projects, Bloomberg reported quoting people familiar with the matter. This, if true, could be Adani Group’s biggest borrowing […]
Odisha clears Rs 1.5L crore worth proposals, IT infra, green energy projects on top priority – EQ Mag
According to the state government, the said projects are likely to create employment opportunities for 27,030 people in the state. Among the sectors that are likely to get the investments primarily include green energy and IT infrastructure. Clearing a new green infrastructure roadmap, the Odisha government on Thursday cleared nine industrial projects worth Rs 1,53,074.63 […]
NGEL, HPCL partner to develop green energy projects – EQ Mag
New Delhi : NTPC Green Energy Ltd (NGEL) has signed an agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the development of renewable energy-based power projects. Under the agreement, NTPC said its renewable energy arm — NGEL — will also supply 400 MW round-the-clock to HPCL. “NGEL and HPCL signed a non-binding Memorandum of Understanding […]
Germany unveils Rs 8,440 crore funding for green energy projects in India – EQ Mag
Germany has announced a proposal to provide Rs 8,440 crore to India for green energy projects in the country. By Akshay Dongare: Germany has unveiled a proposal to provide 1 billion Euro (Rs 8440 crore) to India for energy transition projects across the country under a bilateral partnership for green and sustainable development. The announcement […]
Saudi Arabia leases land for green energy projects – EQ Mag Pro
Al-Qassim Region in central Saudi Arabia has signed an investment agreement to lease land to the Saudi Electricity Company (SEC) for new renewable energy projects. The agreement concerns an area of more than 23 million square metres (27.5m sq yd) in Al-Badayea Governorate, which is part of the Al-Qassim Region, the state-owned Saudi Press Agency […]
PM Modi to dedicate, lay foundation stone of green energy projects of NTPC worth over Rs 5,200 cr – EQ Mag Pro
Under the leadership of the prime minister, the government has taken multiple path breaking initiatives in the power sector, the statement said Prime Minister Narendra Modi will on Saturday dedicate and also lay the foundation stone of various green energy projects of National Thermal Power Corporation Limited worth over Rs 5,200 crore, and launch power […]
Iraq backs green energy projects with USD 682 Million – EQ Mag Pro
Iraq’s Central Bank has provided IQD 1 trillion (USD 682.2m/EUR 629.1m) to support the expansion of renewable energy, the Iraqi News Agency (INA) said earlier this week, citing the bank’s deputy governor Ihsan Al-Yasiri. Speaking at a renewable energy forum, Al-Yasiri said that the Central Bank has been cooperating with the Ministry of Environment to […]