Sprng, AMPIN, Juniper, ReNew, &Avaada secure tariffs in NTPC's 1000 MW Wind-Solar Auction; IREDA Opens New Office to Boost green Hydrogen and More...

In the latest renewable energy auction by India’s NTPC Limited for 1000 MW ISTS-connected wind-solar hybrid projects, part of the Tranche-V initiative, a significant leap towards green energy was marked. The competitive bidding process concluded with several key players in the renewable sector winning substantial capacities.

The Indian Renewable Energy Development Agency Ltd. (IREDA) has officially opened a new office in GIFT City, Gandhinagar, which will focus on providing Foreign Currency-denominated debt options. This initiative is set to lower the financial burdens of Green Hydrogen and Renewable Energy Manufacturing projects, offering natural hedging and propelling India towards a sustainable future. The announcement was made by Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, during a panel at the World Future Energy Summit 2024 in Abu Dhabi.

Avaada Energy, a prominent branch of the Avaada Group , has successfully secured a 250 MW solar-wind hybrid power project in a recent competitive tender hosted by the Renewable Energy Implementing Agency (REIA) under the National Thermal Power Corporation (NTPC). This achievement highlights Avaada Energy’s commitment and proficiency in bolstering India’s renewable energy initiatives.

The International Solar Alliance (ISA) has committed a grant between USD 200,000 to 300,000 to Bhutan to support the development of solar technology in the country. This funding will facilitate the establishment of a Solar Technology Application Resource Centre (STAR C) at the College of Science and Technology in Phuentshogling. The initiative marks a significant development since Bhutan joined the ISA in October 2022.

CleanMax , a prominent renewable energy company in Asia specializing in the Commercial and Industrial (C&I) sector, has announced a significant joint venture with technology giant Apple to advance renewable energy projects in India. This collaboration is set to enhance India’s green energy initiatives significantly.