Total and Adani Green Energy Limited (AGEL) will create a 50/50 joint venture into which AGEL will transfer its solar assets in operation. The projects are spread over 11 Indian states and have a cumulative capacity of over 2 GW. All the projects benefit from nearly 25-year power purchase agreements (PPA) with national and regional electricity distributors, with a fixed rate.
The transaction has a value of approximately US$500 million and is in line with the Group’s objective of double-digit returns on renewable projects. It remains subject to the approval of the relevant authorities.
EDF Renewables, in a 50/50 joint venture with the SITAC Group, has announced the commissioning of the 105 MW Verdant wind project in the State of Gujarat in India. The wind farm is compose...
Read moreThe International Finance Corporation (IFC), a unit of the World Bank, is set to invest up to US$36 million through debt financing in the 250 MW solar photovoltaic plant proposed by Mahindra Rene...
Read moreThe Solar Electricity Corporation of India (SECI) has launched a request for selection (RfS) for the development of up to 1.2 GW solar-wind hybrid projects in India. The proposed projects...
Read moreTechnique Solaire has commissioned the 27 MWp solar photovoltaic project located in the territory of the villages of Ratnapur and Manwath, district of Parbhani, state of Maharashtra. The project comp...
Read moreAdani Green Energy Ltd, part of the company Adani Group, has started the operations of the 75 MW wind farm in the state of Gujarat, India. The 75 MW onshore power plant will operate under a 25-year p...
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