Page 2 - Green Energy

Saatvik Green Energy bags solar modules supply orders worth over ₹700 cr

Saatvik Green Energy on Wednesday said it has secured supply orders for solar PV Modules worth over Rs 700 crore. All orders are set to be delivered in this financial year, a company statement said, adding that these repeat orders were from leading engineering, procurement, and construction companies and from independent power producers. The parent firm, Saatvik Green Energy Ltd, received orders worth Rs 488 crore, while its material subsidiary, Saatvik Solar Industries, received contracts worth Rs 219.62 crore. "At Saatvik, we want to help India have a clean energy future by providing reliable, high-quality solar solutions. These orders strengthen our developing partnerships with premier EPCs and IPPs who believe in our technology, size, and dependability," Prashant Mathur, CEO of Saatvik Green Energy said. Saatvik Green Energy Ltd is a top Indian maker of high-efficiency solar PV modules and the main company in the Saatvik Group. The company works with a wide range of utility-sc

IPO-bound Tata Capital focuses on green financing, tech for growth

Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday. "Over the last decade, the cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, small hydro, among others," MD and CEO Rajiv Sabharwal said. "The cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting. The portfolio is among the cleanest in the NBFC space, positioning the company as a key mobilizer of global climate capital," he said. The Tata Group NBFC said it is building for the long term with a vision anchored on trust, ...

Saatvik Green Energy IPO listing: Stock makes flat debut; quick overview

Saatvik Green Energy shares listed at ₹465 per share, the IPO issue price, on the National Stock Exchange

India may attract $100 bn investments in green hydrogen by 2030: Joshi

India targets 5 MTPA green hydrogen by 2030, eyeing $100 bn investment and 600,000 jobs, as renewables surge and the nation aims to be a global hydrogen hub

KPI Green Energy secures ₹3,200 cr sanction from SBI for Gujarat projects

The sanction will part-finance the firm's 250 MW solar project and 370 MW hybrid project, strengthening its IPP portfolio with a combined capacity of over 1 GWp

Relux Electric and Tamil Nadu Green Energy to set up EV charging points

Relux Electric Pvt Ltd, an electric vehicle charging infrastructure provider, has joined hands with the Tamil Nadu Green Energy Corporation Ltd to set up about 500 EV charging stations across the State. As part of the association, the two entities would conduct a feasibility study to identify land across Tamil Nadu for establishing the charging stations. "This initiative aligns with the vision of Tamil Nadu to expand EV infrastructure, reduce carbon emissions and promote cleaner transportation," a press release from Relux Electric Pvt Ltd said on Wednesday. Currently, Tamil Nadu has around 1,300 EV charging stations and it is developing a digital map to help users locate nearby charging points. Relux Electric Pvt Ltd Managing Director Karthikeyan S said, "This collaboration between the State and Relux comes at the right time to accelerate EV adoption in TN." "It will be a significant step towards transforming Tamil Nadu into an electric mobility hub, and will open up opportunitie

KPI Green lists India's first externally credit-enhanced ₹670 cr green bond

Gujarat-based renewable energy developer and operator KPI Green Energy on Thursday announced the successful listing of its inaugural green bond worth Rs 670 crore on the National Stock Exchange of India. This marks a significant advancement for sustainable finance in India's renewable sector, a company statement said. The five-year bond carries an annual coupon rate of 8.50 per cent with a quarterly amortisation profile. It is supported by a 65 per cent partial guarantee from GuarantCo , part of the Private Infrastructure Development Group, which is funded by the governments of the United Kingdom, Switzerland, Australia, Sweden, Netherlands, Canada and France. GuarantCo is rated AA- by Fitch and A1 by Moody's. This external credit enhancement has enabled AA+(CE) rating from both CRISIL and ICRA, broadening the investor base to include long-term domestic institutions such as infrastructure funds, mutual funds, and insurance companies. Bond proceeds will be used to expand KPI Gree

KPI Green Energy to raise $363 million from SBI, says CFO Salim Yahoo

The loan approval comes amid the Indian government's green energy push targeting 500 gigawatts of non-fossil capacity by 2030

Saatvik Green Energy IPO opens on Sept 19, sets price band at ₹442-465

Saatvik Green Energy aims to raise ₹900 crore through a combination of fresh issue of 15.1 million equity shares worth ₹700 crore and OFS of 4.3 million shares worth ₹200 crore

China to turn coal plants into nuclear stations to power green shift

China plans to repurpose retiring coal plants into nuclear stations under a C2N strategy led by CEEC, deploying advanced reactors to cut costs and accelerate decarbonisation

Green energy push: Driving India's economic and geopolitical future

India can position itself as the world's renewable powerhouse and green fuel exporter

India to add record 43 GW renewable energy capacity in 2025: Pralhad Joshi

India has added 30 GW of renewable energy capacity so far in 2025 and is on track to reach 43 GW by December, with projects aligning to the 500 GW target by 2030

Green energy aided by strong ecosystem, say industry representatives

India's renewable energy sector is growing fast but faces hurdles in financing, transmission, and storage, even as policy support and innovation drive progress toward 2030 targets

India's renewable energy target hinges on open access to industries

States must shift open access from a reluctant concession to a core strategy, as lower power costs for industries are key to the wider energy transition

Solar park projects to drive Uttar Pradesh's green energy road map

The Yogi Adityanath government, under its Solar Energy 2022, is targeting 22,000 Mw of solar capacity

No major impact of additional tariff or trade uncertainty: Suzlon V-C

The Indian industry is at a stage where renewables have moved from a "nice to have" to "must have" position, says Tanti

Lack of green H2 infra key issue in expanding clean transport: Gadkari

Gadkari underlined the need to shift away from private vehicles by offering airline-like facilities in public transport at lower costs

India awards 862,000 TPA green hydrogen capacity, eyes 10% of global demand

India awards 862,000 TPA green hydrogen capacity to 19 companies, aiming to capture 10% of global green hydrogen demand by 2030, says Union Minister Shripad Naik at FICCI Green Hydrogen Summit

Juniper Green Energy gets ₹1,739 cr debt funding from Ireda for renewables

Juniper Green Energy on Wednesday said it has secured Rs 1,739 crore in debt financing from Indian Renewable Energy Development Agency Ltd (IREDA). This funding will support the growth and development of Juniper Green Energy and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity, a company statement said. According to the statement, Juniper Green Energy has successfully secured Rs 1,739 crore in debt financing from IREDA. This round of financing follows Juniper Green Energy's successful USD 1 billion debt raise last year, from leading financial institutions, including Power Finance Corporation Ltd (PFC), DBS Bank, HSBC Bank, and IREDA. "This funding from IREDA marks another important step in our growth journey. We remain committed to scaling renewable energy infrastructure that is sustainable and aligned with India's energy goals," Parag Agrawal, Chief Financial Officer, Juniper Green Energy, said. Juniper Green En

Foreign firms linked to up to 30% of China's carbon emissions, says study

Foreign companies drove a quarter of China's corporate emissions over two decades, with poorer inland provinces shouldering most of the environmental costs