karnataka

US independent power producer (IPP) Enfinity Global has secured US$135 million in financing for a 1.2GW solar and wind portfolio in India.

Gujarat and Karnataka are well prepared to continue the electricity transition and have integrated renewables into their power sectors.

Vibrant Energy said the project financing worth INR22 billion (US$267.9 million) provided by Indian non-banking financial entity Power Finance Corporation will be used for the wind-solar hybrid projects located in Madhya Pradesh and Karnataka.

Renewable energy company Vena Energy has reached financial close on a 176MW solar and wind project in India.

Indian solar manufacturer Emmvee has signed a memorandum of understanding with the government of Karnataka to set up a 3GW cell and module production plant in the state.

Finnish utility Fortum has secured a deal to divest two solar projects in India totalling 500MW of capacity to private equity firm Actis.

German firm's largest PV project to date completed in Karnataka.

Firm says plant in Karnataka is first in Asian country to use high-efficiency mono PERC modules and also the largest PV farm it has ever commissioned.

Karnataka Renewable Energy Development Limited (KREDL) has awarded 150MW (3x50MW) of solar projects to Giriraj Renewables at a tariff of INR2.92/kWh (US$0.04), and awarded 100MW (5x20MW) to Asian Fab Tec with a tariff of INR2.89/kWh (US$0.039).

Indian state-run power giant NTPC has issued a tender for 60MW wind and 130MW solar hybrid energy project on a turnkey basis at its super thermal power station NTPC-Kudgi in Karnataka.