Ahmedabad: Renewable energy services company BluPine Energy has secured a green loan of Rs 511 crore for its 120 MW solar project in Gujarat. The finance has been provided by Standard Chartered, as stated by the company. Sanjeev Bhatia, CFO of BluPine Energy, stated that the project not only contributes to India's clean energy objectives but also showcases the company's commitment to innovation and environmental responsibility. The company also announced the successful financial closure of th...Read More

Bhuj: Adani Group Chairman Gautam Adani today shared pictures of the ongoing erection of solar panels at the Khavda (Kutch) based hybrid renewable park. The upcoming park in Rann of Kutch is going to be the largest hybrid renewables park (wind solar park) in the world. During his annual general meeting (AGM) speech earlier this year, Gautam Adani said that the conglomerate plans to build the largest hybrid renewables park in the world in Gujarat’s Khavda faster than any of their projects be...Read More

Delhi: Avaada Energy, an arm of Avaada Group has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to set up 400 MW (DC) solar project. The company has won 200 MW under base capacity at a tariff of ₹2.75/kWh and another 200 MW under green shoe option at a tariff of ₹2.71/kWh from GUVNL under tariff-based competitive bidding process followed by an e-Reverse auction. Post commissioning, the plant will produce 740 million units of green electricity per year, ...Read More

Bhuj: SJVN Ltd (a joint venture between the Government of India and the Government of Himachal Pradesh) on Wednesday announced that it had secured a 200 MW Grid Connected Solar Power Project in Khavda Solar Park from Gujarat Urja Vikas Nigam Ltd (GUVNL) worth Rs 1,200 crore. Bagged at a tariff of Rs 2.88 per unit, the project will be set on a Build Own and Operate (BOO) basis. The tentative cost for development of this project shall be approximately Rs 1,200 crore, chairman and managing direc...Read More

Mumbai: Avaada Energy, an arm of Avaada Group has been awarded a 200 MW (DC) solar power project from Gujarat Urja Vikas Nigam Ltd. (GUVNL) at a record-low tariff of Rs. 2.75 (~$0.033) per kWh. The project was awarded through competitive bidding, followed by an e-Reverse auction held by GUVNL. As per bid terms, PPA will be signed between two entities for 25 years, and the project will be commissioned within 18 months. The plant will produce 370 million units of electricity per year, leading t...Read More

Rajkot: Paschim Gujarat Vij Company (PGVCL) is seeking proposals for the development of 921 MW of solar projects to convert 11 kV feeders of selected 66/11 kV substations of PGVCL into solar ones, under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The successful bidder will be responsible for the project's maintenance and operation for 25 years. The deadline for submitting bids online is March 17, 2023, and the earnest money deposit requ...Read More

Surat: NTPC Limited, India’s largest integrated energy company achieved 69454 MW of group installed and commercial capacity with commissioning of 56 MW Kawas Solar PV Project at NTPC Kawas, Gujarat on 15.08.2022. NTPC in a note stated that it is steadily lowering its carbon footprint by reducing greenhouse gas emissions through installation of renewable energy projects in its existing stations as well as putting up of green field RE projects. The Company has planned 262 MW floating solar on...Read More

Shimla: Nand Lal Sharma, Chairman & Managing Director today informed that SJVN has secured 100 MW Grid Connected Solar Power Project in Gujarat through Tariff Based Competitive Bidding conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). He further apprised that the Project will generate 245.28 Million Units energy annually and the cumulative energy generation over a period of 25 years will be approximately 6132 Million Units. The energy generated from this Project will be procured by GUVN...Read More

Gandhinagar: Hitesh Doshi led Waaaree Power will set up solar cell and solar module plant at Manda village of Valsad district in South Gujarat. Memorandum of Understanding (MoU) in this connection was signed today in Gandhinagar in presence of Chief Minister Rupani. According to a note issued by State government, the plant will be set up with estimated investment of Rs. 1100 crore. The note further said that Waaree group is doing business in 60 countries. It manufactures 55% of all pressure ...Read More

Gandhinagar: Gujarat Chief Minister Vijay Rupani today gave in principle approval to 5,000 MW solar park in Dholera Special Investment Region(SIR). According to communication by the State government, proposed park is expected to attract Rs 25,000 crore investment, generating employment opportunity for estimatedly 20,000 persons. The State government communication said, Gujarat through this Solar park will further contribute to Prime Minister Narendra Modi's target to generate 175 GW ...Read More