India Achieves 200 GW Renewable Energy Milestone: A Testament to Progress in Solar and Wind Power
India has reached a significant milestone in renewable energy production, surpassing the 200 gigawatts (GW) mark in September, primarily driven by advancements in solar and wind energy. According to the latest data from the Central Electricity Authority (CEA), the total renewable energy generation capacity, which includes small and large hydro, biomass, co-generation, and waste-to-energy, has reached an impressive 201,457.91 megawatts (MW).
Capri Global Capital Ltd Introduces Innovative Rooftop Solar Finance in India
Capri Global Capital Ltd (Capri Loans), a prominent non-banking financial company, has introduced its Rooftop Solar Finance product tailored for micro, small, and medium enterprises (MSMEs). This initiative aims to enable individuals and businesses to leverage solar energy for self-use, contributing to a more sustainable future. The new financing solution promises a seamless experience, requiring no collateral and minimal documentation. Loan approvals can be completed in under five minutes, with disbursals occurring within 4-6 hours.
Renewable Energy Partnership: Rayzon Solar Secures Major Contracts with L&T
In a significant development in the renewable energy sector, Rayzon Solar has announced its collaboration with Indian multinational EPC solutions provider Larsen & Toubro (L&T). This partnership involves the supply of 216 megawatts (MW) of advanced photovoltaic (PV) modules for L&T’s floating solar projects in Panchet, Jharkhand, and Ramagundam, Telangana, as well as a ground-based PV project in Bihar. The PV modules, featuring state-of-the-art monocrystalline bifacial technology, will utilize 550 Wp glass-to-glass design to enhance efficiency, particularly in floating solar applications.
Saatvik Green Energy Secures ₹3.02 Billion Contract with MAHAGENCO for 200 MW of N-TOPCon Solar Modules
Saatvik Green Energy Limited has been awarded a significant contract by Maharashtra State Power Generation Company Limited (MAHAGENCO) to supply 200 MW of solar modules across various locations in Maharashtra. The project, valued at approximately Rs 3.02 billion, will feature N-TOPCon 580Wp photovoltaic modules, marking a strategic move towards enhancing the state’s solar energy capacity. This contract follows Saatvik Solar’s January 2024 memorandum of understanding with Enrich Energy for a similar supply of 200 MW of photovoltaic modules.
Tembo Global Secures ₹595 Crore Contract from MSEDCL for 124 MW Solar Power Project
Tembo Global Industries Ltd. has secured a ₹595 crore contract from MSEDCL to build 124 MW solar photovoltaic power stations under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, part of the PM-KUSUM scheme. The project, focusing on solarizing agricultural feeders in Maharashtra, is set for completion within 18 months. Sanjay Patel, Managing Director, emphasized the company’s commitment to delivering timely and high-quality solutions. Tembo Global, known for its extensive industrial portfolio, recently ventured into the Solar MEP sector, aligning with India’s renewable energy targets.
Oriano Clean Energy Secures Strategic 184 MWp Solar Project, Expanding Its 1.5 GWp Portfolio
Oriano Clean Energy Private Limited, a well-established name in India’s solar development sector, has secured a key contract to build 184 MWp of solar PV projects in Agar, Malwa, Madhya Pradesh. This project, part of Blueleaf Energy’s Pachora Hybrid Power initiative, highlights Oriano’s expanding presence in the renewable energy landscape.
VA Tech Wabag Secures ₹1000 Crore Desalination Project to Support India’s Growing Solar PV Sector
In a significant development for the renewable energy landscape, VA Tech Wabag has announced the acquisition of a substantial order worth Rs 1000 crore from Indosol Solar Private Limited. This project marks a pivotal step towards ensuring water security for the burgeoning solar photovoltaic (PV) sector in India. The order entails the Engineering Procurement (EP) scope of a 100 MLD Desalination Plant, which will play a crucial role in supporting Indosol Solar’s ambitious 10 GW integrated solar PV manufacturing unit located in Andhra Pradesh.
JSW Energy Signs Major PPA with NTPC for 700 MW Solar Project
JSW Energy Ltd, a subsidiary of the JSW Group, announced on Monday that it has signed a power purchase agreement (PPA) with state-owned utility NTPC Ltd for the supply of 700 MW of solar power. The agreement stipulates a tariff of ₹2.59 (USD 0.031/EUR 0.028) per kWh over 25 years. The solar project, which will be connected via the inter-state transmission system (ISTS) and the state transmission utility (STU), is expected to be commissioned by June 2026.
BluPine Energy Secures 80 MW Solar Power Purchase Agreement with GUVNL
BluPine Energy has reached a major milestone by securing an 80 MW solar Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd. (GUVNL). This remarkable accomplishment highlights the company’s unwavering commitment to advancing renewable energy initiatives and fostering sustainable development on a larger scale. The PPA represents a critical step toward expanding BluPine Energy’s clean energy portfolio, further aligning with the company’s mission to drive the growth of solar power in India.
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Great to see India crossing the 200 GW renewable energy milestone! While Rayzon and Saatvik deserve applause for their recent wins, it’s also important to highlight consistent contributors like Avaada Group, which has been a major force behind India’s clean energy expansion through its large-scale solar and green hydrogen projects.