hybrid

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MNRE Grants Timeline Extension for Solar and Solar-Wind Hybrid Projects

The Ministry of New and Renewable Energy (MNRE) has granted time extensions for solar and solar-wind hybrid power projects, with bid submission dates falling between...

June 5, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Wind
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Investment Firm Ardian to Sell 857 MW Renewable Portfolio to Naturgy

Global private investment firm Ardian has agreed to sell its renewable portfolio, comprising 12 wind farms of 422 MW and hybrid photovoltaic projects of 435 MW, to...

May 16, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Gujarat Formulates Land Lease Policy to Promote Green Hydrogen Production

The Revenue Department, Government of Gujarat, has issued the ‘Policy 2023’ for leasing out land to foster the growth of green hydrogen production in the...

May 11, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Amp Energy India Wins CESC’s 150 MW Wind-Solar Hybrid Tender

Amp Energy India won the Kolkata-based power utility company CESC’s auction to develop 150 MW of the interstate transmission system (ISTS)-connected wind-solar hybrid...

May 11, 2023

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Arjun Joshi

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Solar

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Tenders & Auctions

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Wind
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Meghalaya Invites Bids for Solar and Solar Plus Battery Projects

Meghalaya New and Renewable Energy Development Agency (MNREDA) has invited bids for the design, supply, installation, and maintenance of grid-connected solar and solar...

May 10, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Tata Power’s Revenue from Rooftop Solar Business Doubles in Q4

Tata Power’s profit after tax (PAT) rose 48% year-on-year (YoY) to ₹9.39 billion (~$115 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23, mainly...

May 5, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Adani Green’s Q4 Revenue Grows 89% on Higher Energy Sales, Capacity Add

Adani Green Energy’s (AGEL) revenue grew by 89% year-over-year (YoY) to ₹21.3 billion (~$261 million) for the fourth quarter (Q4) of the financial year (FY) 2022-2023 on...

May 2, 2023

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Gourav Mishra

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Markets & Policy

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Other

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Renewable Energy
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Growing Need for Round-the-Clock Renewable Power to Shape Future Projects

The renewable landscape is rapidly changing from the traditional development of standalone solar and wind projects to a combination of both in hybrid projects, primarily...

April 27, 2023

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Rakesh Ranjan

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Markets & Policy

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Other

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Renewable Energy
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India Needs More Urgency to Meet Formidable Clean Energy Transition Targets

The targets for the renewables sector are formidable, but the good news is that the clean energy transition in India is already well and truly underway, albeit with the...

April 26, 2023

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Rakesh Ranjan

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Market & Policy

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Other

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Renewable Energy
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ReNew Energy Subsidiary Raises $400 Million via Green Bonds

ReNew Energy has raised $400 million through its fully owned subsidiary Diamond II from senior secured green bonds. The green bonds issued by ReNew’s subsidiary...

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The Changing Landscape of Renewable Project Development in India  

Solar power has been the primary focus of large-scale projects over the years, but the trend is now shifting towards a hybrid model combining solar with wind and energy...

April 18, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Vibrant Secures ₹22 Billion from PFC for 300 MW Wind-Solar Hybrid Projects

Renewable energy solutions provider Vibrant Energy has secured project financing of more than ₹22 billion (~$268.7 million) from Power Finance Corporation (PFC) to...

April 6, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Gujarat Regulator Allows DISCOM to Procure 1,070 MW Wind-Solar Hybrid Power

Gujarat Electricity Regulatory Commission (GERC) has approved distribution licensee  MPSEZ Utilities’ (MUL) petition to procure 1,070 MW of ISTS-connected wind-solar...

March 28, 2023

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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BrightNight, ACEN to Develop 1.2 GW Hybrid Renewable Projects in India 

Independent power producer BrightNight and ACEN Corporation, through ACEN Renewables International and ACEN International, will jointly develop BrightNight’s first...

March 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Vena Energy Achieves Financial Closure of 176 MW Wind-Solar Hybrid Project

Singapore-based renewable energy company Vena Energy has achieved the financial closure of the Gudadur hybrid project, a 176 MW wind-solar hybrid project in Karnataka....

March 9, 2023

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Rakesh Ranjan

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Other

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Renewable Energy

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