APT Translations

The facility is projected to churn out 27.5 million units (MUs) of electricity annually, aiding Endurance Technologies in trimming their carbon footprints and curbing an estimated 9,125 metric tonnes of carbon emissions each year.

The newly incorporated NIGEL is set to manage renewable energy projects amounting to 2 GW. This encompasses a 600 MW solar power project in Gujarat and an 810 MW Solar Photovoltaic Power Project in Rajasthan.

Petronas owns Amplus Solar in India that has an operating portfolio of 1.5 GW of renewable assets. Vitol owns around 1.2 GW of renewable assets, while Indonesia-based Sun Energy has installed over 280 MW of renewable power capacity for corporate clients.

NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of green energy projects, NLC India Ltd (NLCIL) said in a statement.

The plant will be set up at Aachegaon in Maharashtra and will generate 27.5 Million Units (MUs) of electricity every year.

Freyr Energy helps retail customers such as homeowners and micro, small, and medium enterprises, to set up rooftop solar units.

Soumendra Ghosh, chief investment officer at Vivriti, said the fund has been investing towards capital expenditures and working capital requirements.

“We have already prepaid $120 million and then another $190 million,” Karan Adani told reporters on the sidelines of the inauguration of its Vizhinjam port in Kerala.

The new terminal will be another feather in the cap of Gautam Adani’s conglomerate, which faced a scathing short seller attack in January alleging corporate malfeasance — charges the Adani Group has denied.