AIIB And ADB Commit $175.9 Million To ENGIE Solar Project In India
The Asian Infrastructure Investment Bank (AIIB) has announced its commitment of up to ₹7.3 billion (approximately USD 88 million) to support the ENGIE Solar Power Project in Gujarat, India. This initiative is part of a co-financing effort with the Asian Development Bank (ADB), which together will provide up to ₹14.6 billion (about USD 175.9 million) in project finance senior debt in local currency. The funding will facilitate the development, construction, operation, and maintenance of a 400 MW solar photovoltaic (PV) plant in Surendranagar, Gujarat.
Sanchi, India’s First Solar City, Faces Power Crisis
Sanchi, India’s pioneering solar-powered city, has faced significant challenges one year after its ambitious launch. Initially, the city boasted solar streetlights, drinking water stalls, and even an LCD screen at the Stupa intersection, all aimed at promoting sustainable living. However, these solar innovations have largely failed, with most lights now nonfunctional and awaiting repairs. The once-promising green energy project now stands as a stark reminder of its unmet potential.
Manyachiwadi Achieves Milestone As Maharashtra’s First Solar Village With Complete Renewable Energy Coverage
Maharashtra has achieved a landmark with Manyachiwadi in Satara district becoming the state’s first fully solar-powered village. This milestone, achieved through 102 rooftop solar systems, provides 100% of the village’s electricity, eliminating residents’ electricity bills. The solar setup includes street lights, public water supply, and local services like the school and gram panchayat office. This project, part of Maharashtra’s plan to solarize 100 villages, also supports the state’s broader green energy goals and rural electrification.
SJVN Green Energy Limited Opens Bidding For 75 MW Solar Project In Bihar
SJVN Green Energy Limited (SGEL), a fully owned subsidiary of SJVN Limited, has announced an open tender for a 75 MW (AC) solar power project in Banka, Bihar. The project, which is set to be executed through a Single Stage Two Envelope system, involves the design, engineering, supply, erection, testing, commissioning, and comprehensive operation and maintenance (O&M) for three years. SGEL has secured a Power Purchase Agreement (PPA) with Bihar Renewable Energy Development Agency (BREDA), following a Request for Proposal (RFP) issued earlier. The solar modules required for this project must be sourced from models listed in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM).
Uttar Pradesh To Install 450 MW Solar Plants Along Bundelkhand Expressway
The Uttar Pradesh government plans to install solar plants along the 296 km Bundelkhand Expressway, with GEAPP estimating a potential capacity of 450 MW on both sides. The project report has been approved, and GEAPP is now assisting the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) with the bidding process. Completion is expected within 15 months. UPEIDA has also asked GEAPP to explore similar projects for four other expressways in the state.
ONGC Invites Bids For 1,000 MW Wind-Solar Project To Boost Renewable Energy
The Oil and Natural Gas Corporation Limited (ONGC), a central public sector undertaking under the Ministry of Petroleum and Natural Gas, has issued a tender for the establishment of a 1,000 MW wind-solar hybrid power project. This ambitious initiative is aimed at enhancing India’s renewable energy capacity, with the project to be developed on a lumpsum turnkey (LSTK) basis, and will include comprehensive operation and maintenance (O&M) services for a period of ten years.
SECI Issues Tender To Select Developer For 1,998 kW Solar PV Project At IIM Nagpur
Solar Energy Corporation of India Limited (SECI) has announced the request for selection (RfS) to select a Project Developer for a new solar project. This project involves setting up a 1,998 kW grid-connected, ground-based Solar PV power plant at the Indian Institute of Management (IIM) Nagpur’s Mihan Campus in Nagpur, Maharashtra. The selected Project Developer will be responsible for a range of tasks. These include designing, engineering, supplying, constructing, erecting, testing, and commissioning the solar power project.
Continuum Green Energy Secures $150 Million Investment from Just Climate for India’s Renewable Expansion
Continuum Green Energy, a leading renewable energy company in India specializing in solutions for commercial and industrial sectors, has entered into a definitive agreement with Just Climate, an investment firm focused on addressing high-emission sectors. Under the agreement, Just Climate will inject ₹12.56 billion (approximately USD 150 million) in new equity to support Continuum’s expansion of wind-solar-hybrid energy generation and storage projects across India.
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