Alongside central tenders, states have issued renewable procurement bids, reflecting the widening scope of India’s renewable energy ecosystem. India’s Renewable Energy Implementing Agencies (REIAs) have issued letters of award (LoAs) for 67,554 MW of renewable power procurement tenders since April 2023, with zero cancellations, Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi informed...
Tag: Power Purchase Agreements
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India’s Renewable Energy Surge: ICRA Projects 35 GW Capacity in FY2026
India’s renewable energy capacity rose 123 per cent to 20.1 GW by August this fiscal, driven by a strong project pipeline and favourable market conditions. However, bidding activity has slowed sharply, with only 3.4 GW auctioned in the first half of FY2026. India’s renewable energy (RE) sector has recorded a robust 123 per cent growth...
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1 GW of pumped storage projects in Karnataka won by JSW and Greenko
The Power Company of Karnataka (PCKL) has awarded contracts to JSW Neo Energy (JSW Energy) and Greenko KA 01 IREP (Greenko) for the provision of 1 GW of electricity supply of 8 hours per day from pumped hydro storage projects that offer continuous 5-hour discharge. By the bucket-filling process, JSW Neo Energy won 300 MW...
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India, adynamic and scaled-up renewable energy market
Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group (GIG), specialising in the development, finance, construction and operation of both commercial & industrial (C&I) and utility-scale solar systems, across the Asia-Pacific region made an entry into the Indian market in September 2020. On February 10, Macquarie Infrastructure and Real Assets said that it has...
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Essar Power MP Ltd. Completes Acquisition of Tokisud North Coal Block
Mumbai, March 24th, 2015: Essar Power MP Limited, a subsidiary of Essar Power, one of IndiaÂ’s leading private sector power producer, today said that it has signed the Coal Mine Development and Production Agreement with the Government of India for the Tokisud North coal block in Jharkhand and has also completed all other formalities.