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REC signs MoU with RE developers for Rs 1.12 trillion during 4th RE-INVEST
This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of Rs 10 trillion by 2030.Read more
Gautam Solar to invest Rs 10 billion in 2 GW solar cell manufacturing facility
Gautam Solar has already acquired a 60-acre land parcel in Bhiwani, Haryana, for the purpose of manufacturing solar panels and their raw materials.Read more
ReNew commits Rs 315 billion for solar power manufacturing in Gujarat
According to the MoU, ReNew will allocate Rs 175 billion to develop 3,000 MW of solar and 630 MW of wind projects in Gujarat, aimed at supplying power to the state. Read more
Torrent Power invests Rs 72 billion in green hydrogen and ammonia projects
Torrent Power is also pursuing a pumped storage power project with a capacity of 5-8 GW, requiring an investment of Rs 250 to Rs 350 billion.Read more
GPS Renewables partners with Steer Engineering to build bio-processor
The collaborative effort aims to enhance the efficiency of feed processing and overall output, presenting a robust solution for the BioCNG industry that is made in India. Read more
Govt approves NPCIL-NTPC JV company ASHVINI to start nuclear power generation
The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemption to NTPC to invest more than Rs 50 billion in a single joint venture/subsidiary company. Read more
India targets Rs 10.6 trillion for green hydrogen and 135 GW of clean energy
Gujarat and Tamil Nadu will be crucial in this transition, contributing 43% and 24%, respectively, of the total renewable energy needed.Read more
BPCL approves JV with Sembcorp Green Hydrogen India and GPS Renewables
BPCL will hold a 50% stake in each joint venture, aiming to accelerate its energy transition and meet its net-zero goals.Read more
Thermax partners with Ceres for large-scale green hydrogen production in India
The partnership aims to accelerate the adoption of SOEC technology in India and globally, enhancing green hydrogen production.Read more
Gensol Engineering to establish India’s first green hydrogen valley in Pune
The initiative will be in partnership with Matrix Gas & Renewables.Read more