Gujarat Urja Vikas Nigam has issued a request for selection for the purchase of power from 500 MW of grid-connected wind power projects to be set up anywhere in India (Phase VI) with a greenshoe option of an additional 500 MW. The eligible bid capacity for intra-state projects will be a minimum of 25 MW; for inter-state projects, it will be a minimum of 50 MW. The projects can be located anywhere in India, at locations selected by the bidders at their own discretion, cost, risk, and responsibility.

NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, has invited expressions of interest from India-based or global offshore wind power companies to form a consortium to develop offshore wind power projects in India. NGEL plans to collaborate with a partner company with knowledge and experience in offshore wind project development across the globe. In the long term, the consortium is expected to help NGEL develop in-house expertise and subsequently develop solutions for the execution and maintenance of offshore wind projects.

The market for minerals used in electric vehicles, wind turbines, solar panels, and other technologies critical to the clean energy transition has doubled in size over the past five years, the International Energy Agency has said. The record deployment of clean energy technologies such as solar photovoltaics and batteries has led to a significant increase in demand for critical minerals. From 2017 to 2022, demand from the energy sector was the main factor behind a tripling in overall demand for lithium, a 70% jump in demand for cobalt, and a 40% rise in demand for nickel.

Copenhagen Infrastructure Partners (CIP), a fund manager specializing in greenfield renewable energy investments, has reached the first close of its latest fund, raising nearly €6 billion (~$6.6 billion). CIP said that with strong interest from additional investors currently in the process, the fund, CI V, is on track to achieve its target fund size of €12 billion (~$13.2 billion), which is expected to position it as the largest fund globally dedicated to greenfield renewable energy infrastructure investments.

Noida-based solar energy solutions company Oriana Power has concluded its pre-initial public offering (IPO) round, with the participation of several stock market veterans. The company develops, constructs, and operates solar projects for its commercial and industrial customers. Leading the pre-IPO round was Anil Kumar Goel, known for investing in the sugar and textile sectors. JSW Energy’s Prashant Jain’s personal fund, Tikri Investments, also acquired a minority stake in the round. Neeraj Gupta, the founder of Meru, made a personal investment as well.