India’s Renewable Push: NTPC, Avaada Lead

17 Mar 2025 CW Team

India's renewable energy sector continues to gain momentum, with major announcements across the country:

NTPC Green Energy has invited expressions of interest (EoI) for developing a 5 MW solar project and a 4 MW/12 MWh battery energy storage system in Great Nicobar Island. Open to Indian companies, consortiums, affiliates, or representatives, bids must be submitted by April 18, 2025, and will be opened on April 24, 2025. Selected bidders are expected to conduct studies assessing the island’s energy needs and evaluating the existing transmission system.

The Jharkhand State Electricity Regulatory Commission approved a power sale agreement between Bokaro Steel (a Steel Authority of India company) and the Solar Energy Corporation of India for purchasing 100 MW of solar power. Projects commissioned before June 30, 2025, will be exempted from interstate transmission charges under the CERC Regulation, 2023.

Uttar Haryana Bijli Vitran Nigam is inviting expressions of interest for developing 7 MW of solar power projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) program. The projects will be installed on barren or agricultural land within a 5 km radius of substations.

The Avaada Group has inaugurated a 1.5 GW solar module manufacturing gigafactory in Dadri, Noida, and laid the foundation for a 5 GW solar manufacturing unit at Ecotech, Greater Noida. The Dadri plant specializes in advanced tunnel oxide passivated contact N-Type bifacial glass-to-glass solar modules, producing 5,800 modules daily.

Jubilant Ingrevia, a specialty chemical manufacturer, will procure approximately 54 million units of power annually for its Gujarat facility from O2 Power’s wind-solar hybrid project in Maharashtra. The power will be supplied via a third-party open access model.

AmpereHour Energy, based in Pune, raised $5 million (Rs 415 million) in a Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors. The funds will be used to expand battery energy storage deployment, enhance manufacturing, and boost R&D efforts.

DBS Bank, headquartered in Singapore, has ceased financing new coal mining and thermal coal power assets. It also announced plans to stop funding clients who derive more than 50% of their revenue from thermal coal by January 2026, according to its Sustainability Report 2024.

India's transition toward clean energy continues to gain traction, driven by ambitious projects and global investments.

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India's renewable energy sector continues to gain momentum, with major announcements across the country: NTPC Green Energy has invited expressions of interest (EoI) for developing a 5 MW solar project and a 4 MW/12 MWh battery energy storage system in Great Nicobar Island. Open to Indian companies, consortiums, affiliates, or representatives, bids must be submitted by April 18, 2025, and will be opened on April 24, 2025. Selected bidders are expected to conduct studies assessing the island’s energy needs and evaluating the existing transmission system. The Jharkhand State Electricity Regulatory Commission approved a power sale agreement between Bokaro Steel (a Steel Authority of India company) and the Solar Energy Corporation of India for purchasing 100 MW of solar power. Projects commissioned before June 30, 2025, will be exempted from interstate transmission charges under the CERC Regulation, 2023. Uttar Haryana Bijli Vitran Nigam is inviting expressions of interest for developing 7 MW of solar power projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) program. The projects will be installed on barren or agricultural land within a 5 km radius of substations. The Avaada Group has inaugurated a 1.5 GW solar module manufacturing gigafactory in Dadri, Noida, and laid the foundation for a 5 GW solar manufacturing unit at Ecotech, Greater Noida. The Dadri plant specializes in advanced tunnel oxide passivated contact N-Type bifacial glass-to-glass solar modules, producing 5,800 modules daily. Jubilant Ingrevia, a specialty chemical manufacturer, will procure approximately 54 million units of power annually for its Gujarat facility from O2 Power’s wind-solar hybrid project in Maharashtra. The power will be supplied via a third-party open access model. AmpereHour Energy, based in Pune, raised $5 million (Rs 415 million) in a Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors. The funds will be used to expand battery energy storage deployment, enhance manufacturing, and boost R&D efforts. DBS Bank, headquartered in Singapore, has ceased financing new coal mining and thermal coal power assets. It also announced plans to stop funding clients who derive more than 50% of their revenue from thermal coal by January 2026, according to its Sustainability Report 2024. India's transition toward clean energy continues to gain traction, driven by ambitious projects and global investments.

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