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NTPC Green arm signs deal to sell 1,200 MW of solar power
NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy, has signed a power purchase agreement with PTC India to supply 1,200 MW of solar power under a bilateral arrangement, strengthening its renewable energy portfolio.
Tata Power Renewable Energy commissions 100.8 MW Jewali wind project in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned its 100.8 MW Jewali Wind Project in Maharashtra, boosting its wind energy portfolio to over 3.9 GW. This new facility will supply clean electricity to Tata Power Mumbai Distribution, aiding in meeting renewable targets and significantly reducing CO₂ emissions. The project is a key step towards Tata Power's goal of 100% clean energy generation by 2045.
INOX Clean plans IPO comeback after ₹700 crore investment from Poonawalla family office
INOX Clean plans to refile its IPO papers in the coming months after strengthening its renewable energy business through a series of acquisitions. The company also announced a ₹700 crore investment from the Poonawalla family office, valuing the business at ₹70,000 crore.
Tata Motors partners with Welspun Renewable Energy to develop 86 MW wind-solar hybrid project
Tata Motors has joined forces with Welspun Renewable Energy to develop an 86 MW wind-solar hybrid project. This initiative will power four of Tata Motors' manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand, and Karnataka with clean electricity. The project aims to generate 200 million units of green power annually, significantly reducing carbon emissions and supporting the company's sustainability goals.
India emerging as reliable green fuel supplier: Renewable Energy Secretary Santosh Kumar Sarangi
India is emerging as a key global supplier of clean fuels, with significant long-term agreements for green ammonia and methanol to Japan. These deals, involving ACME Group and Japanese corporations, underscore India's growing role in international green hydrogen value chains. The nation's cost-competitive production capabilities are set to bolster global decarbonization efforts and energy security, as highlighted by Japan's Ministry of Economy, Trade and Industry.
Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy at ₹70,000 crore valuation
The renewable energy company will use the fresh funds to expand projects, boost manufacturing and pursue more acquisitions after completing 10 deals in the past 10 months.
MNRE opposes uniform DSM norms for renewable projects
The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they shouldn't face the same penalties as conventional power plants. Renewable energy's weather-dependent nature necessitates a tailored approach, the ministry stated, to avoid increasing financial risks and impacting project viability. They advocate for a graded system considering forecasting and grid readiness.
Adani Green Energy achieves 20 GW renewable milestone
Adani Green Energy (AGEL) has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development. The company generates over 52 billion units of clean electricity annually. The output represents nearly 3 per cent of India's electricity consumption, enough to power New York City for a year, or almost entire Mumbai and New Delhi combined.
Adani Green surpasses 20 GW renewable energy capacity, first in India to hit milestone
Adani Green Energy has achieved a landmark 20 GW of operational renewable capacity, the first in India to do so via greenfield development. This significant feat, accomplished within a decade, generates enough clean electricity annually to power nearly 3% of India's needs. The company's expanding portfolio, including solar, wind, and battery storage, underscores its pivotal role in accelerating the nation's clean energy transition and bolstering energy security.
Sterling & Wilson gains after JV secures $560 mln solar power plant project in Eygpt
Sterling & Wilson Renewable Energy gained 1.99% to Rs 249.50 after the company, in a joint venture with Hassan Allam Construction has secured letter of award for the construction of solar power plant in Egypt.
Stocks to Watch for June 30: Axis Bank, HDFC Bank, Bandhan Bank and more
From HDFC Bank's proposed CFO appointment to Sterling & Wilson Renewable Energy's major solar project win in Egypt, here are the key stocks to watch ahead of Tuesday's trading session.
Sterling Wilson JV secures 1,000 MWac solar-plus-storage order in Egypt worth $560 million
Shares of Sterling and Wilson Renewable Energy Ltd ended at ₹244.25, down by ₹2.25, or 0.91%, on the BSE