SOLAR AND WIND PROJECTS
NTPC Green shares jump 4% on commencing 1st part of Shajapur Solar Project
NTPC Green Energy Share Price Today: Shares of the newly listed NTPC Green Energy surged 4% in today's session, reaching Rs 127.55 on the BSE, following the successful commissioning of the first part (55 MW) of the 105 MW Shajapur Solar Project. The stock has risen 18% from its IPO price of Rs 108 in just two days, despite weak market sentiment.
Sembcorp bags 300MW wind-solar hybrid project from NTPC
Sembcorp Green Infra secured a 300MW wind-solar hybrid project from NTPC Ltd. The project, part of a larger 1.2GW bid, will sell power to NTPC under a 25-year agreement. Expected to be operational within two years, this win boosts Sembcorp's India renewables capacity to 5.4GW and global capacity to 16GW.
APM Terminals Pipavav signs 25-yr pact with CleanMax to source power
APM Terminals Pipavav partnered with CleanMax for a 25-year hybrid energy deal. The project combines 3.50 MW of wind and 1.06 MWp of solar power. This will supply the port with approximately 54 lakh kWh of electricity annually. The project aims to reduce carbon emissions by 3,822 metric tonnes yearly. APM Terminals Pipavav aims to achieve net-zero emissions by 2040.
US agency conducting due diligence on Adani¡¯s Sri Lanka project
A US agency is reviewing a loan given to an Adani Group company for a port project in Sri Lanka. The agency is conducting due diligence after bribery allegations were made against the Adani Group's founder. The loan, worth over 500 million dollars, was announced last year. It was intended to be the agency's largest infrastructure investment in Asia.
NTPC Green, Andhra Pradesh form JV for solar, wind, green hydrogen projects
NTPC Green Energy Ltd and Andhra Pradesh have partnered to develop 35 GW of renewable energy projects in the state. The $24 billion venture will also include green hydrogen production and is expected to create over 100,000 jobs. The first phase of projects is slated for completion by May 2027.
NTPC Green Energy signs pact for RE projects worth Rs 2 lakh cr in Andhra Pradesh
NTPC Green Energy Ltd (NGEL) and NREDCAP have partnered to establish renewable energy projects valued at Rs 2 lakh crore in Andhra Pradesh. The initiative aims to develop 25 GW of solar/wind power, 10 GW of pumped storage projects, and 0.5 MMTPA of green hydrogen, potentially generating over one lakh jobs.
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Solar Energy Corp: The rise of SECI in India and Adani bribery bombshell
India's Solar Energy Corporation of India (SECI), a major player in the country's renewable energy sector, is facing bribery allegations. The U.S. Justice Department alleges that over $250 million in bribes were paid to secure state-level agreements for a massive 15 GW solar project awarded in 2019. The controversy involves prominent figures like Gautam Adani, while SECI denies any wrongdoing.
Tata Power shares jump 2% after signing $4-billion financing pact with Asian Development Bank
Tata Power's shares rose 2% after the company partnered with the Asian Development Bank to explore financing options for renewable energy projects worth $4.25 billion. The projects include a solar-wind hybrid venture and a pumped hydro storage project, aligning with India's goal of 500 GW renewable energy capacity by 2030.
World's biggest solar deal at the centre of Adani's indictment
Gautam Adani and seven others are facing charges in the US for an alleged bribery scheme. US prosecutors claim the scheme aimed to secure solar energy contracts in India. The charges involve bribes paid to Indian government officials. Adani Green Energy, part of the Adani Group, won a significant solar energy contract in India in 2020.
Asian Development Bank to provide $4.25 billion to Tata Power for clean energy power projects
Tata Power and the Asian Development Bank have partnered to explore financing options for renewable energy projects in India. The collaboration aims to support India's clean energy transition by funding projects such as solar-wind hybrid systems and pumped hydro storage, totaling an estimated $4.25 billion.
Hyundai Motor India to set up 2 renewable energy plants at Chennai facility
Hyundai Motor India is partnering with Fourth Partner Energy to establish a 75 MW solar and a 43 MW wind power plant at its Tamil Nadu facility. This initiative, representing a Rs 38 crore investment, aims to fulfill Hyundai's renewable energy requirements for 25 years, enabling the automaker to transition to 100% renewable electricity by 2025.
Adani's renewable energy ecosystem wows European ambassadors
Four European ambassadors recently toured Adani Group's renewable energy projects in Gujarat. Gautam Adani, Chairman of the Adani Group, hosted the diplomats. The diplomats visited the world's largest renewable energy park in Khavda. They also explored the manufacturing facilities at Mundra Port. Adani outlined the group's plans to scale up green hydrogen production.
Datta Power Infra signs MoU to invest Rs 5,000 cr in RE sector in Rajasthan
Datta Power Infra has committed to investing ?5,000 crore in Rajasthan's renewable energy sector. The company signed an MoU with the state government to establish 1,000 MW of solar, wind, and hybrid power projects. These projects, spanning six districts, are projected to create 500-750 jobs.
Increasing NGEL capacity to 19 GW a top priority, says NTPC CMD
NTPC aims to boost its green energy arm, NGEL's, capacity to 19 GW by March 2027. NGEL launched a Rs 10,000 crore IPO to fuel this expansion, with plans to add 6 GW in the current fiscal year, followed by 11 GW in FY 2025-26. The IPO received a 33% subscription on its first day.
Where will NTPC Green be in 2030 ? Why should you subscribe to the IPO? Management answers
NTPC Green Energy Limited (NGEL) is aiming to achieve a capacity of 60 gigawatts by 2032, focusing on large-scale solar and wind projects. The company, a subsidiary of NTPC, recently launched an IPO, with NTPC remaining the majority shareholder. NGEL emphasizes solar energy due to its predictability and integration capabilities with storage solutions.
Ahead of IPO, NTPC Green Energy collects Rs 3,960 crore from anchor investors
NTPC Green Energy has secured Rs 3,960 crore from anchor investors, including Goldman Sachs and LIC, ahead of its IPO. The company plans to use the IPO proceeds to repay debt and fuel its expansion in the renewable energy sector. India's renewable energy capacity has significantly increased, positioning the country as a global leader in the sector.
NTPC Green IPO: What GMP indicates ahead of issue opening tomorrow
The IPO of NTPC Green Energy will open for subscription on Tuesday, with a muted grey market premium (GMP) of Rs 1, indicating a 0.9% premium over the issue price of Rs 108. The offering, which is a fresh equity sale worth Rs 10,000 crore, will close on November 22.
ACME Solar shares zoom 10% to hit upper circuit. Here¡¯s what happened
ACME Solar Holdings' shares surged 10% after its subsidiary, ACME Sun Power, secured a significant loan of Rs 3,753 crore from REC Ltd. The funding will support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan and Gujarat.
India's ambitious energy transition: A pathway to sustainable investment
India is emerging as a prime investment hub for renewable energy, driven by strong government policies, accessible financing, and cutting-edge technology. The nation's ambitious renewable energy targets and commitment to carbon neutrality are attracting significant investments and positioning India as a potential leader in the global renewable energy supply chain.
Tata Power shares jump 2% as co commissions 126 MW floating solar project
Tata Power subsidiary completed a large floating solar project in Madhya Pradesh. The 126 MW project uses over 200,000 solar modules. It generates a significant amount of energy and reduces carbon emissions. The project overcame challenges like fluctuating water levels. It supplies power to the Madhya Pradesh Power Transmission Company.
Tata Power Renewable Energy commissions 126 MW floating solar project in MP
Tata Power Renewable Energy (TPREL) has completed a 126 MW floating solar project in Madhya Pradesh, built at a cost of Rs 596 crore. The project, located in the Khandwa district, is one of India's largest floating solar installations and will supply power to the state's transmission company. This achievement brings TPREL's total renewable energy capacity to 10.
NTPC Green targets to invest Rs 1 lakh cr in solar, wind assets by FY27
NTPC Green Energy plans to invest up to Rs 1 lakh crore in solar and wind assets by FY27, aiming to increase its installed capacity from 3,220 MW to 19,000 MW. The company will raise Rs 10,000 crore through an IPO and seeks a valuation of Rs 1 lakh crore.
India's Solar Energy Corp plans to bid for state projects, chairman says
SECI plans to bid for state renewable energy projects aiming to reach 10 GW capacity by 2030. The company, which will invest $7.7 billion, is exploring debt for 75%-80% of investment and aims to expand globally. SECI intends to become a major power producer.
Ampin Energy Transition gets Rs 742 cr loan from Standard Chartered Bank
Ampin Energy Transition has secured a Rs 742 crore loan from Standard Chartered Bank for its 200 MWp hybrid project in Rajasthan. The solar-wind project is expected to generate over 435 million units of clean energy annually, benefiting 74,486 households, and offsetting 71,66,223 tonnes of CO2 per year.
Ampin Energy Transition achieves financial closure for a 200MWp solar wind hybrid project in Rajasthan
Ampin Energy Transition has completed financial arrangements for a 200MWp Solar-Wind Hybrid project in Rajasthan. Standard Chartered secured funding for the Rs 944 crore investment. The plant will generate 435 million units of renewable energy annually, powering about 74,486 households. The electricity will be supplied to SECI under a 25-year Power Purchase Agreement.
Torrent Power to supply of 2,000 MW Energy Storage Capacity to MSEDCL
Torrent Power has been awarded a 40-year contract by MSEDCL to supply 2,000 MW energy storage from a pumped hydro storage plant in Maharashtra. This includes an additional 500 MW on top of a previous award. The company is investing in various renewable energy projects, including pumped storage, green hydrogen, and green ammonia production.
Adani merges step-down subsidiaries with ANIL
Adani Group merged two subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited. The subsidiary focuses on low-carbon projects such as green hydrogen, wind turbines, and solar modules. Key parts production like solar glass and aluminium frames is underway. TotalEnergies holds a 25 percent stake in ANIL.
Avaada Group commits Rs 1 lakh cr investment in Rajasthan
Avaada Group plans to invest Rs 1 lakh crore in Rajasthan's renewable energy sector, funding projects like a 1.2 GW hydro storage, 1 MTPA green ammonia, 1 GW wind power, and 10 GW solar power. These initiatives will generate employment and support India's green energy goals.
NTPC Green Energy files for Rs 10,000-crore IPO
NTPC Green Energy, a subsidiary of NTPC, has filed for a ?10,000-crore IPO with the Securities & Exchange Board of India. The IPO will be a fresh issue of shares. The company plans to use ?7,500 crore to reduce the debts of its subsidiary NTPC Renewable Energy and the rest for general corporate purposes.
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