Government Allocates $95.2M to Create Model Solar Village in Every District
The outlay is part of PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on Feb. 15, 2024. It aims to transform India’s energy landscape by providing free electricity to households.
TN Clears ₹441B in Investment Proposals, Greenlights 3 Renewable Energy Policies
The projects span the electronics, food processing, renewable energy, and battery manufacturing sectors and will significantly change the state’s economic landscape and create 24,000 jobs.
Suzlon Acquires Majority Stake in Renom to Boost O&M Services
Suzlon plans to acquire an additional 25% stake in Renom within the next 18 months for Rs 260 crore.
Ambani is Ready to Take on Adani in Green Energy
The oil-to-telecom giant, led by Mukesh Ambani, has announced plans to invest heavily in solar energy manufacturing and generation, as outlined in its annual report.
JSW Neo Energy Inks PPAs for 1.3 GW Renewables
The wind PPA boasts a competitive blended tariff of ₹3.62 per KWh and a 25-year term.
Offshore Wind Capacity of 410 GW to be Installed Over the Next 10 Years
GWEC’s report pinpoints a significant acceleration in offshore wind installations towards the end of the decade, with two-thirds of the projected capacity coming online between 2029 and 2033.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
Serentica, Indian Oil to Invest Heavily in Renewables
In a significant move, Indian Oil Corporation (IOCL), the country’s largest refiner, announced a Rs 5,215 crore investment to build a 1 gigawatt (GW) renewable energy capacity.
Middle East Doubles Renewable Energy Capacity: Iran and UAE Lead
The region’s capacity has increased from just under 16 gigawatts in 2014 to over 35 gigawatts by 2023, with Iran and the UAE taking prominent roles in this green energy expansion.
Mahindra Group to Invest ₹1,200 Crore in Hybrid Renewable Energy Project
Mahindra Susten will lead the project’s development, partnering with global investor Ontario Teachers’ Pension Plan Board as a strategic partner.