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ACME-IHI JV secures $5 billion Japanese support for Odisha green ammonia project
A significant boost for India's green energy ambitions! ACME Group's joint venture with Japan's IHI Corporation has secured a massive $5 billion in Japanese government price support. This funding is earmarked for two key clean energy initiatives, including one of India's largest green ammonia projects in Odisha. This development marks a crucial step towards decarbonising vital industrial sectors.
India Inc's green transition triggers hiring surge
As organisations step up their sustainability efforts, demand is also growing for senior leadership talent, including business heads for renewable energy businesses, chief executives for solar, wind and energy storage platforms, chief technology officers and chief sustainability officers, said search firms and recruiters.
India needs 2,000 GW new power capacity in 20 years, says Adani Green's Sagar Adani
India needs to add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising demand and reduce reliance on imported fuels, according to Adani Green Energy Executive Director Sagar Adani. He emphasized that electrification, supported by renewables, hydro, thermal, and nuclear power, is the clearest path to energy security, affordability, and sustainability for the nation.
Centre invites bids for green urea plants to curb import reliance
The department on Friday held a pre-EoI meeting with public and private sector companies, including NTPC, the Solar Energy Corporation of India (SECI), fertiliser manufacturers, technology providers and green hydrogen developers, to discuss the proposed project framework.
Govt targets solar, hydrogen components to cut import dependence
India is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas include solar inverters, electrodes, catalysts, bipolar plates, and polysilicon. This strategic move aims to strengthen the supply chain for critical components, addressing current import dependencies and fostering long-term cost competitiveness for India's burgeoning renewable energy industry.
India’s $55 billion green energy pipeline faces climate damage
India's ambitious renewable energy expansion faces a significant climate threat, with $55 billion in planned solar, wind, and hydropower assets vulnerable to extreme weather by 2030. Ninety percent of proposed capacity across ten states is at high risk from events like floods and wildfires. This highlights the urgent need for resilience measures to protect investments and ensure the nation's clean energy transition remains on track.
NLC India bets big on green energy with 1,000 MW Odisha project
NLC India Renewables has partnered with OREDA to develop 1,000 MW of renewable energy projects in Odisha, as the state-run company accelerates its shift towards solar, wind, storage and green hydrogen.
Solarium Green Energy bags contract worth Rs 186.52 cr
For a 50 MW solar power project in Maharashtra
Banks boost renewable energy credit by 7% in April amid energy security concerns
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Solarium Green Energy bags Rs 187-cr solar EPC order in Maharashtra
Solarium Green Energy jumped 6% to Rs 190 after the company secured a solar EPC order worth Rs 186.53 crore for a 50 MW AC/65 MW DC solar photovoltaic (PV) power project in Maharashtra.
NLC India, Indian Oil Corporation partner up for large-scale green energy projects
State-run NLC India Limited (NLCIL) has partnered with Indian Oil Corporation Limited (IOC) to form a joint venture focused on developing large-scale green energy projects in Tamil Nadu. This collaboration, formalized by a Memorandum of Understanding, aims to advance renewable energy initiatives including solar, wind, and storage solutions. The partnership signifies a strategic move for NLCIL's diversification into clean energy and contributes to India's sustainable development goals.
Hindustan Zinc signs MoU with Advantek Associates & Aero Eagle
To explore adoption of green hydrogen and alternative clean energy solutions