IFC Public-Private Partnerships’ Post

To boost renewable energy in India's #TamilNadu, IFC is working with the Tamil Nadu Infrastructure Development Board and Tamil Nadu Green Energy Corporation to structure a pumped storage #hydropower project as a #PPP in the town of Velimalai. IFC will advise on a competitive process to select an experienced developer to raise private finance, construct, operate, and maintain the project. Tamil Nadu is a leading state in India in #renewableenergy capacity. With the capacity of 1100 MW, the project aims to provide additional power during peak demand and supports the state’s plan to generate 50% of its energy through renewable energy sources by 2030. This requires adequate energy storage to provide flexibility in balancing intermittent solar and wind power generation capacity.   The PPP will be supported by Japan - The Government of Japan which is focused on quality infrastructure to boost economic growth and address climate change. 🌊🏭⚡

Weekly India Updates: Investment in AMPIN Energy Transition, PPA for 1GW RE by Juniper Green, Jharkhand’s Draft Resource Adequacy Regulations, Tata Power’s Record Profit, Rooftop Solar Solutions by Waaree and Ecofy, And More AMPIN Energy Transition Secures $35 Million Investment From responsAbility For Renewable Projects In India AMPIN Energy Transition has secured a significant investment from responsAbility, a Swiss-based impact asset manager. The investment is part of responsAbility’s comprehensive USD 500 million climate investment strategy aimed at reducing CO2 emissions in Asia. responsAbility plans to invest up to USD 35 million in AMPIN to enhance its renewable energy initiatives across India. The funds from this investment will support a range of projects under AMPIN’s Special Purpose Vehicles (SPVs), particularly in the commercial and industrial solar sectors. Avaada Energy Secures ₹1,190 Crore Financing For […] Read the full story here: https://lnkd.in/dq32KFxp #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #ampinenergy #india #junipergreenenergy #renewableenergy #solarenergy #tatapower #weeklynewsupdates

India is making significant strides towards a greener future! 🌞 By 2030, the country aims to achieve ambitious targets in renewable energy: 🔹 500 GW of renewable energy installed capacity 🔹 Production of 5 Mn Tonnes of green hydrogen 🔹 Backed by 125 GW of renewable energy capacity 🔹 Approval for 50 solar parks with a total capacity of 37.49 GW India is on a path to reduce carbon emissions by less than 45% by 2030, with a goal to derive 50% of its electric power from renewables. Additionally, aiming for net-zero carbon emissions by 2070, the country plans to add 13.5 GW of renewable energy capacity in 2023, indicating a substantial investment of around $8.90 billion. The commitment extends further with a focus on clean technology manufacturing. By 2030, India is set to position itself as a global leader in this sector, with projected annual investments ranging from $350–400 billion. 🇮🇳 Jai hind ! #India #RenewableEnergy #SolarPower #GreenHydrogen #Sustainability #2030Goals

USD 24 Billion Green Energy Plan Announced for Andhra Pradesh A landmark agreement reached to develop large-scale renewable energy infrastructure in Andhra Pradesh, valued at USD 23.73 billion. This initiative, announced by the state’s Chief Minister, aims to position the state as a leader in clean energy production. 💡 How will this initiative impact Andhra Pradesh’s renewable energy landscape? ☀️ Massive Renewable Capacity: The project includes 25 GW of solar and wind energy, 10 GW of pumped storage, and 0.5 MMTPA of green hydrogen production, leveraging the state's abundant natural resources. 🏗 Job Creation: Expected to generate over 100,000 jobs, the initiative supports local communities while fostering sustainable economic growth. 🌍 Clean Energy Leadership: With the backing of the ICE Policy 2024, Andhra Pradesh is set to become a key player in reducing carbon emissions and advancing India’s renewable energy targets. 🔋 Innovative Infrastructure: The integration of green hydrogen and pumped storage highlights the state’s commitment to pioneering advanced energy solutions. 📅 Stay informed as Andhra Pradesh drives India’s green energy revolution! https://lnkd.in/dyVSJ4ge #CleanEnergy #RenewableEnergy #AndhraPradesh #GreenHydrogen #Sustainability #India #BNCNetwork #ProjectIntelligence

📰 Press Release: Pachora Hybrid Power Plant Achieves Financial Close in India 🌍☀️💨 Blueleaf Energy is excited to announce the financial close of our 200 MW hybrid wind-solar power plant in Madhya Pradesh, India. This landmark project marks a significant step towards our goal of deploying 5 GW of renewable energy capacity in India by 2030. The project features an innovative offtake structure that unbundles the environmental and energy components of the green power the plant will produce. This unique approach enables us to offer International Renewable Energy Certificates (I-RECs), providing a pathway to net zero for large companies facing challenges accessing renewable energy. Beyond energy generation, this project represents our strong commitment to ESG. The power plant will create numerous jobs for the local community during both construction and operation, while delivering over 600 gigawatt hours (GWh) of clean, renewable energy annually to the Indian grid starting in 2025. That is enough green energy to power over 550,000 Indian households. Axis Bank, a leading Indian private sector bank, is our primary project finance lender for this project. We’re thrilled to have their support as we bring this sustainable energy initiative to life. We look forward to collaborating with the local community to successfully deliver this project, which will provide long-term environmental and social benefits for generations to come. Read the full press release here: https://buff.ly/3SCWZXt #RenewableEnergy #India #ESG #sustainability #WindEnergy #SolarEnergy #REC

Is India well set on achieving 500 GW of non-fossil Power capacity by 2030? ➡India has become one of the world's most attractive #renewable energy markets. ➡It ranks 4th globally in renewable energy installed capacity. ➡The government provides proactive #policy support to boost manufacturing, including: -Production Linked Incentive #PLI Scheme. -100% Foreign Direct Investment #FDI allowed under the automatic route. -Waiver of Inter-State Transmission System #ISTS charges for renewable energy purchases. -Development of the #GreenEnergyCorridor. -Viability Gap Funding #VGF for offshore wind projects. -Financial assistance for #hydrogen and #electrolyzer manufacturing projects. ➡India has launched notable schemes such as: -#PMKUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan) for farmers. -#PMSuryaGhar: Muft Bijli Yojana to provide free electricity to households. Provided the above steps taken by govt what is your perspective? Is India well set on achieving 500 GW of non-fossil Power capacity by 2030? #renewable #energy #GOI #mnre

A significant step forward in India's renewable energy #infrastructure development. Inter State Transmission System #ists schemes designed to evacuate 9 gigawatts (GW) of renewable energy power from the states of #rajasthan and #Karnataka. These transmission projects are pivotal for efficiently channeling clean energy from regions abundant in resources to areas with high demand, significantly contributing to the nation's shift towards a sustainable energy future. #power #renewable #energy #powertransmission #interstate #energyinfrastructure #transmission #diversification #energysupply #loaddistributuion #powerdistribution #federalism #resourcerich #resourcedeficit #ministryofpower #mnre #cleanenergy #greenenergy #tariff #bidding #rajasthan #karnataka

New Delhi: India's renewable energy sector has attracted investments of about ₹7 trillion between 2013-2014 and 2022-23, said Union Minister Pralhad Joshi. Speaking in the Rajya Sabha, Joshi emphasized the need to address current challenges and seize growth opportunities to meet India's ambitious renewable energy goals. India aims to boost non-fossil energy capacity to 500 GW by 2030, up from 180.79 GW. Plans include 13,000 MW of renewable capacity in Ladakh and a 12,000 MWh battery storage system. Since 2014, installed RE capacity has grown by 165%, reaching 203.1 GW, with solar and wind capacities significantly increasing. India's renewable energy generation rose 86% from 193.50 BU in 2013-14 to 359.89 BU in 2023-24. The country now ranks fourth globally in RE installed capacity. #RenewableEnergy #India #GreenEnergy #Sustainability #PralhadJoshi #REInvestment

📌Check the comments section for the full News link. ⚡ Datta Infra Secures ₹1,500 Crore MoU for Renewable Energy Projects! 🌞💨 ⚡ In a major leap towards India’s green energy future, Adyant Enersol Private Limited, a subsidiary of Datta Infra, has signed a strategic ₹1,500 crore Memorandum of Understanding (MoU) with REC Limited at the 4th Global RE-INVEST Summit! 🌍🌱 This landmark agreement will drive the development of 500 MW of renewable energy projects, laying the foundation for 2 GW of wind, solar, and hybrid projects across India, empowering states with clean energy. 💡🏞 With a projected 800-900 million units (MU) of clean energy annually, this initiative is set to support India’s Viksit Bharat vision and bolster the nation’s renewable energy capacity. 🌏💪 🚀 CEO Varchasvi Gagal stated, "We are committed to becoming front runners in the renewable sector, helping scale up India's renewable energy landscape while creating jobs, reducing carbon emissions, and fostering innovation." ✨👷♂ #AdyantEnersol, #GlobalReInvestSummit, #DattaInfra, #RECLimited, #RenewableEnergy, #WindSolarHybrid, #VarchasviGagal, #VivekKumarDewangan, #SaurabhRastogi, #ArunChaturvedi, #HarshBaweja

World's biggest renewable energy project is coming up in India, and it will be visible from space! > India is constructing what is set to be the world's largest clean energy project in the Rann of Kutch, a salt desert that borders Pakistan. > ⁠The Adani Group is setting up the Khavda Renewable Energy Park that will generate 30 gigawatts of clean energy - enough to power nearly 20 million homes. > ⁠Spanning 726 sq km, roughly the size of Singapore, this massive park will harness the power of both solar and wind energy. > The estimated cost of the project is $2.26 billion. > ⁠As India targets 500 gigawatts of clean energy by the end of the decade, the Khavda Renewable Energy Park is an example of India's journey towards an Atmanirbhar Bharat. Scripted by Saurabh Pandey Video edited by Trend Torch Media #india #aatmanirbharbharat #cleanenergy #renewableenergy #solarpower #windpower #rannofkutch #gujarat #adanigroup #khavdarenewableenergypark #greenpower Adani Green Energy Ltd. Adani Solar Adani Energy Solutions Ltd.