Adani To Acquire 5 GW India RE Portfolio From SB Energy

Masayoshi Son’s SoftBank Backed Indian Renewable Energy Platform SB Energy To Sell 5 GW Renewable Energy Portfolio, Comprising 4.18 GW Solar Capacity, To Adani Green Energy Limited For $3.5 Billion

Diversified business house Adani Group’s renewable energy arm, Adani Green Energy Limited (AGEL) will acquire close to 5 GW (4,954 MW precisely) renewable energy portfolio of SB Energy India for an enterprise value of approximately $3.5 billion, which it terms as the ‘largest’ acquisition in the renewable energy sector in India.

India PV News Snippets: Meghalaya, AGEL, NTPC, KPI Global

Meghalaya Issues EOI To Empanel RE Companies; AGEL Energized 925 MW RE Capacity In FY2021; NTPC Renewable Energy Signs PPA For 150 MW PV Project With GUVNL; KPI Global To Build 12.5 MW Solar Capacity For Anupam Rasayan

Meghalaya to empanel renewable energy firms: The Power Department of State Government of Meghalaya has launched an expression of interest (EOI) to empanel renewable energy EPC companies for hydro, solar, wind and biomass projects in the state.

India PV Snippets: MNRE, EGP, Tata, BHEL, Amplus, AGEL

Indian Solar Power Capacity Exceeds 40 GW; IFC May Back Enel Green Power’s 300 MW Project; CSC & Tata Power To Supply Solar Powered Microgrids & Water Pumps; BHEL Tender For Thin Layer Nano Coating Solution; Amplus Acquires Sterling & Wilson Rooftop PV Projects; AGEL Commissions 50 MW Facility

India installed over 1.46 GW RE in March 2021: The Ministry of New and Renewable Energy (MNRE) said India installed 1,463.31 MW of new renewable energy capacity in the month of March 2021, pushing the aggregate to 94.43 GW as on March 31, 2021.

India PV News Snippets: JICA, BHEL, SPDA, AGEL

JICA To Provide TCCL JPY 10 Billion Green Loan For RE, EV; BHEL Issues Solar Cells & Paste Tenders; SPDA Demands Postponing New Tenders Till PSA Backlog Is Cleared; AGEL To Acquire 75 MW PV From Sterling And Wilson

JICA signs JPY 10 billion loan agreement: The Japan International Cooperation Agency (JICA) has signed a loan agreement with Indian non-banking financial company (NBFC) Tata Cleantech Capital Limited (TCCL) to provide it green loan worth JPY 10 billion ($91.5 million).

India PV News Snippets: AGEL, Azure, SECI, Manipur

SECI Awards AGEL LOA For 600 MW Hybrid Wind-Solar Project & Informs Azure Power Of Inadequate Response From State Discoms For 4 GW Solar Capacity; Solar & Storage Tender For Leh; MANIREDA Launches 100 MW Solar Tender In Manipur

AGEL gets LOA for 600 MW hybrid project: Adani Green Energy Limited (AGEL) has secured the letter of award (LOA) for a 600 MW wind-solar hybrid power project from the Solar Energy Corporation of India (SECI) for its wholly-owned subsidiary Adani Rene.

India PV News Snippets: Adani, IEA, Snam, ITI

AGEL Q2/2021 Power Supply Revenues Up 15% On Annual Basis; Indian Utility Scale Solar & Onshore Wind Attracting Investors But Government Needs To Address Concerns; Snam To Explore Green Hydrogen In India With Greenko & Adani; ITI Launches 1.5 MW Solar Tender

Italian gas infrastructure and transport company Snam has entered India wishing to venture into the green hydrogen value chain in the country among other plans and signed agreements with Greenko and Adani on a virtual platform.

India PV News Snippets: NTPC, SECI, Adani, BSES

Airports Authority Of India To Get Solar Power Through NTPC Subsidiary; SECI & OREDA To Develop Grid Connected Agrivoltaic Projects; AGEL Subsidiary Commissions 50 MW PV Project; BSES Launches Rooftop Solar Programs At Hyperlocal Level

Pictured is Rupsi Airport in Assam that’s ready to start commercial operations and is part of more than 100 airports that AAI has under its management. The authority now wants solar power for its airports and has signed a MoU with NVVN for the same.

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