Page 2 - Solar Projects

ISA eyes Indian private sector support for Africa's green energy growth

These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems

SJVN Green Energy begins 241.77MW power supply from Bikaner solar project

State-owned power producer SJVN Ltd on Wednesday said that the Phase-1 of the 1,000-MW Bikaner Solar power project, being set up by its arm SJVN Green Energy Ltd (SGEL), has started commercial power supply. The Phase-1 has started 241.77 MW commercial electricity supply, and the project is slated for full commissioning by September 30, 2025, a company statement said. SJVN Green Energy achieved Commercial Operation Date (COD) of 241.77 MW capacity in Phase-I of the 1,000 MW Bikaner solar power project on Wednesday, the statement said. Upon completion of the project, SGEL will supply solar power to three states -- Rajasthan, Jammu & Kashmir and Uttarakhand. The solar project, located in Bikaner district of Rajasthan, is being developed under the Central Public Sector Undertaking (CPSU) Scheme Phase II, Tranche III of the Ministry of New and Renewable Energy (MNRE), Government of India. The Project is being implemented under the Domestic Content Requirement (DCR) mode, thereby ...

India's solar PV module capacity to reach 125 GW by 2030: Pralhad Joshi

India's solar PV module manufacturing capacity will increase to 125 gigawatt (GW) by 2030 from the current 80 GW, and its installed solar cell manufacturing capacity will soon touch 40 GW from 25 GW at present, Union Minister of New and Renewable Energy Pralhad Joshi said in Gujarat's Navsari district on Saturday. In 2014, solar PV module manufacturing was nearly absent in the country, he said after inaugurating a state-of-the-art 5.4 GW solar cell manufacturing facility of Waaree Energies Limited at Degam here. "Today, companies like Waaree are producing 80 GW solar PV modules. By 2030, our total solar PV manufacturing capacity will be 125 GW. Similarly, solar cell manufacturing was nil in 2014. But today we are manufacturing 25 GW, and very soon we will reach a target of 40 GW. We are moving ahead with the thinking of integrated solar, right from polysilicon to module, to be manufactured in India," he said. India has emerged as the world's third largest producer of renewable ...

IndiGrid to raise Rs 4,200 crore to acquire transmission and solar assets

Rating agency ICRA has assigned an "AAA" rating to the proposed debentures

Tanzania in discussions with India to adopt LPG subsidy mechanism

Country invites Indian investors to invest in solar projects

Tata Power, Bank of Baroda ink pact for financing rooftop solar projects

Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. The PM - Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027. "This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease," Deepesh Nanda, CEO & ...

Jakson Green, Blueleaf Energy to develop 1 GW solar projects in Rajasthan

Homegrown Jakson Green and Singapore-based Blueleaf Energy on Thursday announced their collaboration to develop one GW solar projects in Rajasthan at an investment of USD 400 million (Rs 3,400 crore). The partnership will focus on jointly developing and building gigawatt-scale green energy projects in India, Jakson Green, a leading new energy transition platform, said in a statement. "This collaboration further solidifies our presence as a respected global player in energy transition," said Bikesh Ogra, MD and CEO of Jakson Green. The inaugural 1 GW portfolio, funded through a combination of debt and equity, comprises three solar projects, it added. These projects include Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects with 25-year power purchase agreements (PPAs) secured via competitive bidding from RUVNL, SECI, and NHPC. The three solar projects are expected to be progressively commissioned in 2025-2026. "Blueleaf's development and ..

Gensol Engineering bags Rs 897 crore solar project contract from NTPC REL

This contract entails the development of 225MW-AC (alternate current), equivalent to 276 MW DC (direct current), grid connected solar projects

Sterling & Wilson surges 6% on Rs 1,200 cr-order for solar project; details

The uptick in the Sterling & Wilson Renewable Energy share price came after the company announced that it has received Letter of Intent (LoI) for an order worth approximately Rs 1,200 crore in Gujarat

NHPC to invest Rs 5,500 cr in setting up 1,000 MW solar project in Bihar

NHPC Ltd, India's largest hydropower company, will invest Rs 5,500 crore in setting up a 1,000 megawatt solar power project in Bihar, its chairman and managing director Raj Kumar Chaudhary said Friday. The firm signed an MoU with the state government for the investment at the Bihar Business Connect 2024 investor summit here. "We have proposed to invest Rs 5,500 crore in setting up a 1,000 MW solar power project," he said. The project could be set up in 1.5-2 years from the date of land acquisition. "Land is crucial for solar projects. And we would urge the state government to facilitate land acquisition so that we could do the project on time," he said. The company has almost 7 gigawatts of operational hydropower plants and 9.3 gigawatts of capacity is under construction, according to its website. Chaudhary said NHPC is also proposing to set up a small solar plant, electricity from which would be used to make green hydrogen. "The green hydrogen produced will be used to power pas

Inox Green, Inox Wind shares gain up to 4% on Group's foray into solar mfg

Inox Green rose up to 4.40 per cent to hit an intraday high of Rs 182.50 per share, while Inox Wind increased as much as 1.60 per cent to an intraday high of Rs 211.50 per share

Tata Power Renewables Energy commissions 431 MW DC solar project in MP

Tata Power on Tuesday said its arm Tata Power Renewables Energy has commissioned a 431 MW DC Solar project in Neemuch, Madhya Pradesh. Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said. This innovative integration has boosted the efficiency of the entire system by over 15 per cent, enabling peak power supply for extended hours, it added. "We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch," Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Ltd, said. The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes. "This project not only demonstrates the viability of cost-effective solar energy, with a winning bid price but also highlights the potential of sustainable energy solutions to drive India's green energy transitio

Govt signs pact for solar projects in Fiji, Comros, Madagascar, Seychelles

This development comes after India committed to invest $2 million in new solar projects in these Indo-Pacific countries under Quad Climate Working Group initiative

Pralhad Joshi stresses on increasing solar projects efficiency, reduce cost

Union Minister Pralhad Joshi on Tuesday stressed increasing the efficiency of solar projects, reducing cost and developing energy storage solutions. Addressing a conference of the International Solar Alliance, Joshi urged stakeholders to focus on integration with smart technologies and noted that the growth of the solar industry would boost economic development. Joshi who is also President of the 120-nation grouping, said, "Let me give you five reasons why platforms like these matter. It is because the best brains of the business assemble to hold discussions for increased efficiency, cost reduction, energy storage solutions, integration with smart technologies and economic growth and job creation." The session was held alongside the 7th General Assembly of the International Solar Alliance and attended by international delegates. The growth of the solar industry boosts economic development by creating jobs in manufacturing, installation, and maintenance of solar systems, Joshi said,

Tata Power Renewable, IndusInd Bank partner to finance solar projects

Tata Power Renewable Energy Ltd has partnered with IndusInd Bank to offer financing options to Micro and Small Enterprises (MSEs) for solar installations. This alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore, Tata Power Renewable Energy said in a statement on Tuesday. These loans, contingent on the bank's credit approval, require a 20 per cent margin and come with competitive interest rates, offering terms of up to 7 years, the company said. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy said, "Through a partnership with IndusInd Bank, we are facilitating easy financing opportunities for MSEs (Micro and Small Enterprises) to adopt solar energy, which will not only help them reduce operational costs but also actively contribute to the green energy transition." Various public and private sector lenders are tied up with solar players to provide finance options for commercial and residential solar ...

Avaada Energy closes Rs 597 crore refinancing for solar projects

The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund dedicated to refinancing operational infrastructure projects

Madhya Pradesh, Uttar Pradesh partner to develop 8 Gw solar power plants

These projects would supply power to each state during high demand seasons, alternating every six months

PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale

PMEA Solar IPO: The funds raised through the fresh issue will be allocated towards capital expenditure and debt repayment

ISA partners with MIGA to fund Solar Energy projects in Sub-Saharan Africa

MIGA and ISA will work together to launch solar power and distributed energy projects in eligible developing countries

Alpex Solar announces plan to double PV module capacity to 2.4 GW by FY26

Solar solutions provider Alpex Solar on Wednesday announced its expansion plans to double its photovoltaic solar module capacity to 2.4 GW by FY2025-26. A greenfield project of 1.2 GW solar PV modules capacity will be installed in the company's newly acquired land parcel at Kosi Kotwan, Mathura in Uttar Pradesh, a statement said. The company will also explore a foray into solar cell manufacturing in the range of gigawatt capacity. The new project will be funded through internal accruals and loans. Once the new line is set up, the company expects a capacity of 2.4 GW by FY2026, enabling it to meet the growing demand in India and other key global markets. The company aims at deeper integration with the solar cell foray building upon its presence in solar PV modules and aluminium frames. Ashwani Sehgal, Managing Director, Alpex Solar said, "We are exploring the foray into solar cell manufacturing. This may afford us multiple advantages, including cost, profitability, and branding, an