Flender further expands its footprint in Australia
ReNew Signs $1 Billion Financing Pact with Societe Generale
Leading energy firm ReNew announced on Wednesday that it has entered into an initial agreement with European bank Societe Generale, securing up to USD 1 billion in financing over the next three years. This strategic partnership, formalized through a Memorandum of Understanding (MoU), aims to bolster ReNew?s various energy transition projects in India and internationally.
According to the company's statement, the collaboration will leverage the strengths of both parties to support the development of large-scale energy projects. These include solar and wind energy, complex renewable sol..
MNRE Eases Approval Process for CPSU Solar Parks
In a significant move to streamline the approval process for solar park development, the Ministry of New & Renewable Energy (MNRE) has announced exemptions for central public sector undertakings (CPSUs) and their joint ventures from seeking state government committee approval for infrastructure development and operations & maintenance (O&M) charges.
This decision, communicated through an office memorandum, responds to requests from Solar Power Park Developers (SPPDs) to simplify the approval process. Under the new guidelines, CPSUs and their joint ventures can submit their detailed proj..
Radiance aims to secure $150 million for a 2 GW expansion project
Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company is planning to raise $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions.
In addition to the expansion, Radiance is introducing cu..
Radiance aims to secure $150 million for a 2 GW expansion project
Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company is planning to raise $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions.
In addition to the expansion, Radiance is introducing cu..
Solar energy systems to be installed in SAIL's Plant site
Steel Authority of India Limited (SAIL)?s Bhilai Steel Plant (BSP) will install solar power generation systems on its site buildings of 2 MW of electricity. The plant has signed an agreement with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project. Further, another initiative of rooftop solar energy of about 3 MW of electricity systems installation on residences and offices in the township is also underway.
After both projects are finished, annual carbon dioxide emissions might be reduced by as much as 2,900 tonnes, contributing to e..