🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
IFC commits $105 million for Brookfield’s Bikaner solar power project
Livemint
·
1y ago
Medial
The International Finance Corporation (IFC) will invest $105 million in a 550 MWp solar power project in Bikaner, Rajasthan, developed by Brookfield Asset Management. This investment will enable Brookfield to provide solar power to commercial and industrial consumers in India at competitive tariffs. The project will sell the generated power to consumers through long-term power purchase agreements and the merchant market. This investment by IFC aims to demonstrate the viability of large-scale renewable energy generation and the sale to corporate and industrial clients, contributing to India's decarbonization goals.
View Source
Related News
Partners Group-backed Sunsure Energy signs 300MW power deal with SECI | Company Business News
Livemint
·
6m ago
Medial
Sunsure Energy has secured its first utility-scale solar power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for 300 megawatts (MW) of renewable energy. The project, a solar park in Bikaner, Rajasthan, costing ₹1,800 crore, aims for completion by December next year. This agreement, part of SECI’s Tranche XIII auction, significantly marks Sunsure’s expansion into utility segments, complementing its focus on commercial and industrial clients, aligning with India's power transition goals.
View Source
IFC commits Rs 460 cr to IndiGrid to build India's largest battery energy storage project
Economic Times
·
1m ago
Medial
IFC, part of the World Bank Group, has committed Rs 460 crore to develop India's largest standalone battery energy storage system in Gujarat through IndiGrid. This project, which supports Gujarat's clean energy goals and aims for 100 GW of renewable capacity by 2030, will enhance grid stability and provide reliable power during peak demand. The financing includes $38.5 million from IFC and $16.5 million from the Clean Technology Fund. This initiative is crucial for India's clean energy transition.
View Source
Engie arm pockets smaller cheques from foreign investors for India solar project
VCCircle
·
1y ago
Medial
Engie India, the renewables arm of French energy company Engie, has secured funding from foreign investors for a solar power project in Gujarat. The company has raised a lower amount than expected, but it will still be used for the construction and maintenance of a 400MW solar power project. Engie has been actively bidding to win solar and wind power projects in India.
View Source
ACME Sikar Solar inks pact to supply electricity from 300MW project in Rajasthan
Economic Times
·
1m ago
Medial
ACME Sikar Solar, a subsidiary of ACME Solar Holdings, has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India for a 300MW solar project in Rajasthan at Rs 3.05 per kWh. Commissioned on June 23, the project will supply power by June 30, 2025, and qualifies for ISTS charge waivers. ACME Solar's PPA-signed portfolio is 5,130 MW, with 2,890 MW operational and 4,080 MW in various implementation stages.
View Source
Reliance Group to build solar and hydro-power projects in Bhutan | Mint
Livemint
·
10m ago
Medial
- Reliance Group, led by Anil Ambani, will partner with the government's investment arm to develop solar and hydro power projects in Bhutan. - A new subsidiary, equally owned by Reliance Power and Reliance Infrastructure, will be formed for the project. - The subsidiary will focus on developing 500 MW of solar power projects and 770 MW of hydro power projects. - The investment amount for these projects has not been disclosed. - Reliance Power aims to expand its presence in the renewable energy sector and has recently raised $183 million for funding. - In June, another Indian conglomerate, Adani Group, signed an agreement for a 570 MW hydro project in Bhutan.
View Source
Thailand's Gulf Energy set to get key backer for $1-bn solar power project
VCCircle
·
1y ago
Medial
Thailand's Gulf Energy Development is set to receive financial backing for its $1 billion solar power project. The company plans to expand its renewable energy portfolio with 12 new solar projects as part of the GULF Renewable Power Project. Gulf Energy is one of Thailand's largest private power producers and aims to increase its presence in the renewable energy sector.
View Source
Hindustan Power gets order to set up 100 MW solar project with 200 MWh energy storage system
Economic Times
·
1m ago
Medial
Hindustan Power has secured a project from SJVN to establish a 100 MW solar plant with a 200 MWh energy storage system. The project, part of a 1200 MW solar initiative, was won through competitive bidding and an e-reverse auction. It aims to manage peak power demands and provide a steady power supply by integrating solar energy with battery storage. Hindustan Power is a leader in renewable energy generation in India.
View Source
Trident commissions solar project in Madhya Pradesh, stock gains
Money Control
·
1y ago
Medial
Trident Limited has announced the commissioning of a 1.1 MWp solar power project in Budhni, Madhya Pradesh. The project is part of the company's initiative to reduce its carbon footprint and will contribute to the captive consumption of power for its manufacturing facilities at the same location. The total installed capacity of the rooftop solar power plant at the facility has now reached 29.5 MWp. Trident Limited, based in Ludhiana, Punjab, is known for manufacturing various products including yarn, paper, stationery, home textiles, chemicals, and captive power.
View Source
Torrent Power wins ₹1,540-crore bid for 306 MW solar power project in Maharashtra
Thehindubusinessline
·
1y ago
Medial
Torrent Power has received a Letter of Award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to set up a 306 MW grid-connected solar power project in Maharashtra. The ₹1,540 crore project will be implemented across 48 locations in Nasik district under the MSKVY 2.0 scheme. The project aims to provide stable daytime electricity to agriculture consumers through decentralised solar power projects. Upon completion, Torrent Power's renewable capacity will increase to 3 GW in the next 18-24 months.
View Source
KKR-controlled IndiGrid inks $199-mn deal to acquire solar asset
VCCircle
·
1y ago
Medial
India Grid Trust (IndiGrid), controlled by private equity firm KKR, has signed a deal to acquire a 300MW solar power project in Rajasthan from ReNew Power. The enterprise valuation for the asset is estimated at INR 1,550 crore ($199 million). The deal includes an additional earn-out component of around $8 million. ReNew will transfer the outstanding debt of the asset to IndiGrid, resulting in a cash inflow of nearly $82 million. This acquisition will increase IndiGrid's portfolio of operating solar assets to over 1 GW peak capacity.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in