Hindustan Petroleum Corporation Limited (HPCL) is expanding its renewable energy portfolio through a combination of solar, agri-solar and floating solar projects, strengthening its transition towards a more diversified clean-energy business. Through its wholly owned subsidiary, HPCL Renewable & Green Energy Ltd. (HPRGE), the company has commissioned a 1.5 MWp floating solar project at Visakhapatnam, a…
Mahindra Susten has achieved financial closure for its 150.80 MW group captive hybrid renewable energy project in Maharashtra, securing ₹875 crore in debt financing from India Exim Bank. Under the financing agreement, India Exim Bank will act as the sole lender, providing the project’s entire debt requirement through its Sustainable Finance Programme. The project is…
KP Group is taking its renewable energy partnership with Saudi Arabian stakeholders forward, following a high-level engagement involving Saudi business leaders and Maharashtra Chief Minister Devendra Fadnavis. The engagement follows a recent visit to Riyadh, Saudi Arabia, where KP Group initiated discussions on potential opportunities in the renewable energy sector. As a next step, the…
Hero Future Energies has secured 120 MW of Firm and Dispatchable Renewable Energy (FDRE-RTC) capacity in the latest auction conducted by the Solar Energy Corporation of India (SECI) at a tariff of ₹5.25/kWh. The award is part of SECI’s 1,000 MW FDRE-RTC tender, which aims to procure reliable renewable power from interstate-transmission-system (ISTS) connected projects…
