Thursday, July 18

Tag: Renewable Energy

Panasonic Partners with State Bank of India to Provide Financing to Its Solar Customers
Must Read, RE Industry Updates

Panasonic Partners with State Bank of India to Provide Financing to Its Solar Customers

Panasonic Life Solutions India Private Limited (PLSIND), a leading player in the distributed solar energy sector, is excited to announce a new partnership with the State Bank of India (SBI), one of India’s most renowned financial institutions. This strategic alliance aims to support the Indian government's ambitious goal of achieving 500GW of renewable energy capacity by 2030 by making solar energy solutions more accessible to individuals and businesses. The collaboration between Panasonic and SBI will provide attractive financing options to customers interested in solar energy and help in smoother adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing. The company is targeting specific regions with h...
Waaree Energies Supplies 850 MW Solar PV Modules to Acciona Energia for Four Projects in Texas, Ohio and Illinois
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Waaree Energies Supplies 850 MW Solar PV Modules to Acciona Energia for Four Projects in Texas, Ohio and Illinois

Waaree Energies Limited, a leading global renewable energy company, has announced it has successfully supplied 850 MW solar PV modules for projects under development in the U.S. by Acciona Energia, a Spain based renewable energy leader that operates more than 1 GW of solar, wind power and industrial-scale energy storage projects in the U.S. The companies also announced a three-year agreement in which Waaree – a major provider to the U.S. market - will supply another 1.5 GW of solar modules to Acciona for additional U.S. projects from 2024-2026. In supplying 850 MW solar PV modules, Waaree delivered its monocrystalline passivated emitter and rear cell panels for four major solar projects: 56 MW in Fort Bend (Texas); 129 MW in High Point (Illinois); 288 MW in Union (Ohio); and 375 MW in Red...
MAHAPREIT’s Ambitious Plan: 1 GW Solar Push for Rural Irrigation and SME Rooftops
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MAHAPREIT’s Ambitious Plan: 1 GW Solar Push for Rural Irrigation and SME Rooftops

The Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT), a subsidiary of the state government’s Mahatma Phule Backward Class Development Corporation (MPBCDC), has planned to install 500 megawatt (MW) of decentralised solar projects in the rural parts of the state to power agricultural irrigation over the next two years and another 500 MW rooftop solar units to supply power to micro, small and medium enterprises. The combined capacity will give a significant boost to the government’s goal to reach 22 gigawatt (GW) of renewable energy. Currently, the state generates around 15GW of renewable energy annually. A meeting to discuss implementation of tenders for the first phase of this project between MAHAPREIT and the Global Energy Alliance for People and Planet (...
Suzlon Secures an Order of 47.6 MW from the KP Group in Gujarat
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Suzlon Secures an Order of 47.6 MW from the KP Group in Gujarat

Suzlon Group, India’s largest renewable energy solutions provider, today announced a new order win for the development of a 47.6 MW wind power project for The KP Group. The project is located at Vagra in Bharuch district in Gujaratand is expected to be commissioned in 2024.  Suzlon will supply their S133 wind turbines (equipment supply) and supervise execution and commissioning of the project.Suzlon will also provide comprehensive operations and maintenance services post-commissioning. JP Chalasani, Chief Executive Office, Suzlon Group said, “We are delighted to announce a repeat order from The KP Group. The KP Group has been a long-standing player in renewable energy and has consistently worked towards increasing renewable energy adoption in the country. Suzlon takes pride in ...
Hydrom Signs $20 bn Deals for Green Hydrogen in Oman
International Updates

Hydrom Signs $20 bn Deals for Green Hydrogen in Oman

Omani hydrogen company Hydrom has signed agreements to develop green hydrogen projects requiring an investment of $20 billion, according to news from the Gulf nation's state news agency. Three memoranda of understanding were signed, with BP Oman, Amnah consortium and the Green Energy Oman alliance, the report said. Together, the projects are expected to generate 500,000 metric tons of green hydrogen a year from more than 12 gigawatts (GW) of renewable energy capacity. Oman's announcement comes as countries in the Middle East ramp up investments in renewables as they seek to transition from fossil-fuel-funded economies. Last month, Saudi Arabia's NEOM Green Hydrogen achieved financial closure on an $8.4 billion green hydrogen facility that will produce 600 metric tons per day of carbon-...
BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years
RE Updates

BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years

Renewable power producer BrightNight plans to develop 2 giga watt (GW) of renewable energy capacity in India in the next 4-5 years that will require a total investment of $1 billion. The company will deploy $250 million equity capital. “BrightNight is developing hybrid wind-solar projects with a calibrated use of energy storage that operates round the clock. The $250 million commitment will be deployed in three years,” BrightNight Power India CEO Sajay KV said. BrightNight Global has about 23 GW of pipeline across the world, of which 3 GW is in Asia Pacific — India, Bangladesh, Philippines and Australia. India got a large share of 2 GW for its scale and size, and work on 1.2 GW in three states has started, he said. The first project is coming up in Maharashtra at an investment of...
Amp Energy India Closes Investments Totaling up to USD 250 Million from SMBC, ICG, and AIIB.
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Amp Energy India Closes Investments Totaling up to USD 250 Million from SMBC, ICG, and AIIB.

Amp Energy India is a leading energy transition platform and India’s first truly balanced Renewable Energy IPP with a total portfolio of 2.7GW+ spread across 17 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata. It provides renewable energy transition solutions to marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Datacenters, Utilities, and Government bodies The Company has now secured up to USD 250 million from SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank) to fund the growth of the company. Pinaki Bhattacharyya...
Infosys Attainds Carbon Neutrality for the Fourth Consecutive Year
Net-Zero

Infosys Attainds Carbon Neutrality for the Fourth Consecutive Year

According to the ESG report for FY 2023 released by Infosys, the company has attained carbon neutrality for the fourth consecutive year. The ESG reprot mentions its adoption of renewable energy sources has contributed to 57.9 per cent of electricity for its India operations. According to the report, Infosys has installed 14.4 MW of solar PV panels on the rooftops of its office buildings. The report further mentions that the company operates a 40 MW captive solar power plant in Sira, Karnataka, totalling its installed solar capacity to 60 MW. On Supply Chain, Infosys reported that 66 per cent of its spending on suppliers in India was allocated to local suppliers in fiscal 2023. The company emphasised that it did not experience any significant negative environmental or social impacts...
Australian Clean Tech company Endua fixes Renewable Energy’s intermittency problem
International Updates

Australian Clean Tech company Endua fixes Renewable Energy’s intermittency problem

One major problem with renewable energy sources like wind, solar and hydro is intermittency. This means they cannot be relied on constantly since, for example, the sun might stop shining or it might be a still, windless day. To fill gaps, users often rely on diesel generators or batteries. But diesel generators produce emissions and batteries only last for a short time. Clean tech startup Endua says it has found the solution with its modular hydrogen generation and storage technology. The Australian startup announced it has raised AU$11.8 million (about $7.8 million). Participants in the round included new investors, Queensland Investment Corporation (QIC), Melt Ventures and 77 Partners, which together put in AU$7.5 million. The rest of the funding came from returning strategic investo...
We entered the Renewable Energy Sector with the mindset to reduce Carbon Footprint and to Create Job and Business Opportunities in this Sector – Prakash R Soni, Founder, Chairman & MD, Sai CabTech Private Limited
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We entered the Renewable Energy Sector with the mindset to reduce Carbon Footprint and to Create Job and Business Opportunities in this Sector – Prakash R Soni, Founder, Chairman & MD, Sai CabTech Private Limited

Q. To begin with, can you take us through your evolving and inspiring entrepreneurial journey with Sai CabTech P. Limited? The challenges you faced and how did you overcome those challenges? Well; after giving almost 20 years to the various corporate sectors in India and Europe, I have started SAICAB as a complete Trunkey solutions provider in the field of the renewable energy sector with the mindset to explore green energy concepts and to reduce carbon footprints. To turn from the position of successful CEO with corporate over more than a decade, it was quite challenging to begin a new journey as an entrepreneur. I have faced many problems, like making good teams, arranging funds, competing technically and financially qualified in various tenders etc. on behalf of new venture. Q...