Premier Energies will hold a 51 per cent equity stake, while BA Prerna Renewables will own the remaining 49 per cent.
The execution of the project will be carried out in a phased manner, in line with timelines stipulated under the respective service and purchase orders.
The NITI Aayog report highlights electricity's crucial role in achieving development and climate goals, requiring significant expansion in renewables, storage, and transmission to meet rising demand.
Companies like RenewSys are contemplating costly air freight to maintain production, while others with flexible contracts are better positioned. This price volatility, rather than a supply shortage, is the primary concern for the industry.
Officials are concerned that a complete ban could delay crucial solar energy projects. The government is trying to find a balance between protecting the environment and promoting development. Protests are ongoing, with activists demanding a law to protect the trees.
A mass rally and public meeting were held, with participants demanding conservation of grazing land vital for their livestock and environment. Protesters submitted a memorandum to the Chief Minister.
The project has been awarded by Rewa Ultra Mega Solar Limited (RUMSL) through a tariff-based competitive bidding process, with Ceigall quoting a tariff of ₹2.70 per kWh.
The power generated will be supplied under a 25-year Power Purchase Agreement to be signed with Madhya Pradesh Power Management Company Limited and RUMSL.
Other major players like Aditya Birla Group and KKR are also in the race. Final bids are expected soon. The deal could value Sprng Energy at up to $2 billion.
French energy giant TotalEnergies is set to power Google's Texas data centers with solar energy. The company has secured two major deals to supply renewable power.
This initiative aims to help states meet their renewable purchase obligations. Around 43.9 GW of capacity awaits these agreements for quick implementation.
As per the report, China dominated the global construction pipeline, hosting around 448 GW of wind and utility-scale solar projects currently under construction.
The newly commissioned unit is the eleventh part of the project being developed under the CPSU Scheme Phase-II Tranche-III by NTPC Renewable Energy Limited.
The company plans to enhance the scope of its integrated clean energy manufacturing complex to include 1.2 GW of TOPCon solar cell capacity, 1 GW of solar module assembly, BESS assembly lines and a micro-inverter manufacturing facility.
CleanMax Enviro Energy Solutions has secured ₹1,500 crore in a pre-IPO funding round, Temasek Holdings and Bain Capital led the investment. The funding highlights strong investor interest in India's renewable energy sector.
The event features a green expo with electric vehicles and solar products. Training sessions on e-cooking and safety standards are also offered. Innovative projects from energy clubs are displayed. The fair concludes on February 9.
Udupi district has seen significant progress under the PM Surya Ghar Scheme, with over 1,100 rooftop solar installations completed and subsidies disbursed to beneficiaries. The scheme aims to reduce household power costs and promote renewable energy, with one model solar village from each constituency set to be assessed for a ₹1 crore grant for a solar park.
Radiance Renewables secured $100 million in funding. This investment will fuel expansion into solar, wind-solar, and behind-the-meter projects. The company plans to grow its renewable energy portfolio beyond 2 GWp. Battery storage and transmission projects are also on the horizon.
This integrated facility, a Public-Private Partnership, will process 850 tonnes of daily waste, generating 27 MW of electricity and Bio-CNG. The project aims to significantly reduce waste disposal costs and benefit citizens and the smart city initiative.
Northeast Frontier Railway has achieved significant progress in renewable energy, electric traction, and operational safety this financial year. Over 9 MWp of rooftop solar power plants were commissioned, a 373% increase from the previous year.
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