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SJVN Inaugurates India’s First Green Hydrogen Pilot Project At Nathpa Jhakri Hydro Power Station
SJVN Limited has marked a significant milestone with the inauguration of India’s inaugural Multi-purpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh. This pioneering project, inaugurated by Chairperson and Managing Director Smt. Geeta Kapur on April 24, 2024, signifies a major leap towards advancing green hydrogen production infrastructure in the nation’s power sector. SJVN’s Green Hydrogen Pilot Project aims to produce 14 kilograms of green hydrogen daily during its 8-hour operational window. Utilizing an alkaline electrolyzer with a capacity of 20 Nm3/hour, the project will harness renewable energy from SJVN’s 1.31 MW Solar Power Plant in Wadhal, Shimla, to power its operations.
REC Limited Secures Groundbreaking Green Loan Worth JPY 60.536 Billion For Sustainable Development Projects In India
REC Limited has secured a noteworthy Green Loan totaling Japanese Yen (JPY) 60.536 billion. This financial backing is aimed at financing eligible green projects in India, marking a pivotal step towards sustainable development within the country. The Green Loan, supported by an 80% guarantee from the Italian Export Credit Agency, SACE, under their innovative Push Strategy program, represents a pioneering collaboration between an Indian government entity and SACE.
Navigating Legal Landscapes: Insights From Adani’s 450 MW Wind-Solar Hybrid Project In Rajasthan
Adani Solar Energy Jaisalmer One Private Limited, formerly SBE Renewables Ten Projects Pvt. Ltd., undertook a 450 MW ISTS-connected Wind-Solar Hybrid project in Rajasthan, India’s sunniest state. Despite initial government support, the project faced unforeseen legal and regulatory hurdles, exacerbated by changing tax rates and new customs duties. This underscores the sector’s vulnerability to policy shifts, emphasizing the need for stable frameworks to sustain renewable energy initiatives. Adani’s experiences highlight the delicate balance between environmental goals and economic realities, offering critical insights for navigating India’s ambitious renewable energy targets amidst evolving legal landscapes.
AdaniConneX Secures $1.44 Billion In Green Financing For Renewable-Powered Data Centers
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has secured India’s largest sustainability-linked financing, reaching up to $1.44 billion, with an initial commitment of $875 million. This substantial financial boost increases AdaniConneX’s total construction financing to $1.65 billion, following a previous $213 million facility obtained in June 2023. The newly acquired funds will be directed toward the development of data center facilities that incorporate cutting-edge technologies and renewable energy sources. This initiative is part of AdaniConneX’s broader strategy to enhance environmental sustainability and operational efficiency in its data center operations.
Waaree Energies Wins 400 MW Solar Module Supply Contract From GIPCL
Waaree Energies Limited announced a significant achievement, having won a substantial 400 MW module supply order from Gujarat Industries Power Company Limited (GIPCL). This contract is pivotal for Waaree as it involves the delivery of advanced bifacial solar PV modules for the sprawling 2,375 MW Renewable Energy Park located near Village Khavda in the Great Rann of Kutch, Gujarat. Each of the modules provided under this contract will conform to the Approved List of Models and Manufacturers (ALMM) category specifications, with capacities ranging between 540 Wp to 570 Wp.
Gujarat’s Renewable Energy Push: GUVNL Secures 600 MW Of Solar Power Through SECI Agreement
Gujarat Urja Vikas Nigam Limited (GUVNL) is advancing Gujarat’s solar power capacity by seeking approval from the Gujarat Electricity Regulatory Commission for a Power Sale Agreement (PSA) with Solar Energy Corporation of India Limited (SECIL) to procure 600 MW of solar power at ?2.60 per kWh. This supports GUVNL’s renewable purchase obligations and addresses rising power demand, especially during crucial solar hours for agriculture. The transparent bidding process ensures affordability and grid stability, promoting renewable energy integration in Gujarat’s energy mix and aligning with national and international climate goals.
Envision Energy And Hero Future Energies Forge Strategic Partnership To Accelerate Renewable Energy Deployment In India
Envision Energy and Hero Future Energies have signed a framework agreement aimed at advancing various aspects of the Renewable Energy sector in India. The collaboration includes provisions for Wind Turbine Generator (WTG) supply and other technologies such as Battery Energy Storage Systems (BESS) and Green Hydrogen. Under the framework agreement, Envision Energy will supply 588 MW of WTGs, comprising 178 units of its EN 156-3.3 MW Wind Turbine Generators, which are expected to generate 2,200 GWh units of clean energy annually.
BluPine Energy Secures Financial Closure For 120 MW Solar Project In Sadla, Gujarat
BluPine Energy, a prominent player in the renewable energy sector established in India by global infrastructure investor Actis, has announced the successful financial closure of its 120 MW Solar Project located in Sadla, Gujarat under GUVNL 18. The company has achieved a significant milestone by securing debt financing for the project from HDFC Bank, India’s largest private sector bank. The total debt sanctioned for this ambitious venture amounts to ?418 crores (USD 50.1 Million). Upon completion, the solar plant is projected to generate approximately 3.23 lakh MWh of solar energy annually, offsetting an estimated over 2.96 lakh tons of CO2 eq. annually and providing power to approximately 2.7 lakh households annually.
CESC Ltd Expands Renewable Portfolio With Acquisition Of 300-MW Solar Park Developer In Rajasthan
CESC Ltd, through its subsidiary Purvah Green Power, has successfully acquired Bhadla Three SKP Green Ventures, enhancing its foothold in the renewable energy sector. The acquisition, valued at ?3.84 crore, gives Purvah Green Power full ownership of the company tasked with developing a 300-MW solar park in Phalodi district, Rajasthan.
Ohmium Partners With Tata Projects To Advance Green Hydrogen Projects In India
Ohmium, a company specializing in the design, manufacturing, and deployment of advanced Proton Exchange Membrane (PEM) electrolyzers, has announced a strategic collaboration with Tata Projects, a prominent sustainable technology-led Engineering, Procurement, and Construction (EPC) company in India. This partnership aims to drive the development of green hydrogen projects in India by combining cutting-edge technology with established engineering excellence. Under the agreement, Ohmium will supply PEM electrolyzers, while Tata Projects will oversee the entire EPC process, encompassing engineering, design, integration, and optimization. |
