SJVN Green Energy bags 200 MW solar project
This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore, a company statement said.
This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore, a company statement said.
PM Modi laid the foundation stone for the outer harbour container port in Tuticorin and highlighted Tamil Nadu's progress in the energy and maritime sectors. He launched waterways, road and rail transport, and dedicated new infrastructure projects, emphasizing the improved ease of living in the state.
The project is being developed under the Domestic Content Requirement (DCR) mode and is slated for commissioning by July, 2024.
Further, he said in future, all investments are expected to flow into the renewable sector, and countries will be able to attract capital once they go green.
The Goa government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and facilitating collaboration among stakeholders, it said.
"The company is doing the groundwork and talking to investors to get a sense on pricing," said a foreign banker, who is a part of the discussions. "Once there's more clarity on pricing and demand, they will finalise the details and tap the market," the banker said.
Europe just had a bumper year for green energy. European Union countries installed record levels of solar capacity, 40% more than in 2022.
"Management Committee of Board of Directors of Adani Green Energy at its meeting held on Thursday, has approved the allotment of warrants of the Company, on a preferential basis by way of a private placement, to Ardour Investment Holding Ltd", a BSE filing stated.
Interim Budget: The upcoming Budget 2024 is seen as crucial for achieving ambitious targets, fostering a clean energy ecosystem, and positioning India as a significant player in the global clean energy landscape. The focus includes green hydrogen, solar and wind energy, battery storage, carbon markets, and measures to boost private sector involvement and investments.
NGEL, a wholly-owned subsidiary of NTPC, aims to be the flag bearer of NTPC’s Renewable Energy journey, with over 3.4 GW operational capacity and 26 GW in pipeline, including 7 GW under implementation.
Through Neemrana II Kotputli Transmission Ltd, the company will build this green energy project on a BOOT (Build, Own, Operate, Transfer) basis, for a period of 35 years.