Energy

Mumbai: BluPine Energy has inked a landmark 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 150 MW solar power project integrated with an Energy Storage System (ESS) in Rajasthan’s Bikaner district. The agreement marks a significant step toward bolstering India’s clean energy ambitions and enhancing the reliability of renewable power. The project will be developed through BluPine’s Special Purpose Vehicle (SPV), Solarcraft Power India 17 Private Limited, and is part of SECI’s broader plan to procure 2,000 MW of power from Inter-State Transmission System (ISTS)-connected solar projects with 1,000 MW/4,000 MWh energy storage…

Mumbai: Saatvik Green Energy, a leading solar PV module manufacturer, has taken a significant step towards sustainable agriculture in Maharashtra by securing a contract with the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). The company will supply high-efficiency solar submersible pumps to 250 strategic locations across the state. These solar-powered pumps, ranging from 3HP to 7.5HP, are designed to cater to various agricultural needs, including irrigation, drinking water supply, and livestock watering. They are manufactured using 100% stainless steel and equipped with high-efficiency motors and controllers. The pumps have been certified by NABL accredited labs for their performance and quality.…

Mumbai: The Indian Renewable Energy Development Agency Limited (IREDA) announced today that it has received the green light from the Department of Investment and Public Asset Management (DIPAM) to raise approximately ₹4500 crore through a fresh equity issue. This move, based on the recommendations of a High-Level Committee, is set to bolster IREDA's capital reserves, allowing it to significantly expand its financing activities for renewable energy projects across the country. The funds will be raised through the Qualified Institutions Placement (QIP) route, with the Government of India's shareholding in IREDA expected to be diluted by up to 7% on a…

ENGIE announces the signing of Power Purchase Agreement (PPA) for a 200 MW Solar Photovoltaic (PV) project. This project is part of Gujarat Urja Vikas Nigam Limited's (GUVNL) larger project encompassing 1,125 MW grid-connected Solar PV power projects, to be established within the Gujarat State Electricity Corporation's Renewable Energy Park situated at Khavda, Gujarat. The bidding process by GUVNL took place on February 2, 2024, with ENGIE securing 200 MW at a competitive tariff of ₹2.62 per unit. GUVNL's project aims to fortify India's renewable energy capacity and promote sustainable development in the region. The 200 MW Solar PV project…