Serentica Renewables to Develop 170 MW Hybrid Project to Supply Captive Power to MRF Ltd

Serentica Renewables, a leading renewable energy provider in India, has signed a long-term Power Purchase Agreement (PPA) with MRF Limited, India's largest tyre manufacturer, to supply clean power under the captive power framework. A SPV was created specifically to supply RE power to MRF in which MRF has picked captive minority stake and the rest is held by Serentica.

The clean energy will be supplied from a new hybrid renewable energy project with a total installed capacity of around 170 MW, currently under development by Serentica Renewables. The project will integrate both solar and wind generation to deliver round-the-clock renewable energy for MRF’s manufacturing facilities across India through the ISTS (Inter-State Transmission System) network.

This agreement helps in expanding company’s renewable energy solutions for a large industrial clients seeking flexible and reliable clean power. The captive arrangement will allow MRF to meet its substantial electricity requirements, supporting its ongoing sustainability and net-zero ambitions.

Commenting on the partnership, Akshay Hiranandani, CEO, Serentica Renewables, said, “Our partnership with MRF marks another major step in enabling India’s industrial decarbonization journey. By combining renewable energy with cutting-edge storage and hybrid solutions, we are delivering clean and reliable power to help leading industries like MRF transition to a sustainable future.”

This partnership further reinforces Serentica’s commitment to accelerating clean energy adoption in India’s industrial and manufacturing sectors, complementing its growing portfolio of renewable energy projects across the country.

About Serentica Renewables

Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source across India's energy landscape, Serentica is driving large-scale decarbonization & contributing to the nation’s broader goals, including through government tenders.

The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India's largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO2 emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.

IGRPL, An IndianOil-GPS JV, Raises ₹836 Cr in Landmark CBG Financing Deal

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation Ltd. (IndianOil) and GPS Renewables, focused on advancing India’s biofuels sector, has raised INR 836 crore (approximately USD 95 million) in debt financing from Indian Bank for the execution of 9 Compressed Biogas Projects across the country. The facility agreements were executed on 30th September in New Delhi between Indian Bank and IGRPL, represented by its CEO, Devendra Singh Sehgal, and CFO, Punit Jain.

This funding is the largest single-bank debt raise in the Compressed Biogas sector (CBG) (also referred to as Renewable Natural Gas or RNG). This is also the first case of a fully non-recourse debt raise in this sector.

The funds will be used towards development of CBG plants across India, with 4 projects in Haryana, 3 in Uttar Pradesh, 1 in Chhattisgarh and 1 in Andhra Pradesh. Each plant has a capacity to produce 15 tonnes of CBG per day and will use paddy straw as the primary feedstock. All 9 plants are expected to be completed and commissioned in 2026.

Commenting on the fundraise, Devendra Singh Sehgal, CEO, IGRPL (IOC and GPS Renewables Private Limited), said, “IGRPL was formed with an aim to scale India’s biogas infrastructure and drive wider adoption. This funding gives us the momentum to accelerate that mission. This is the first time that an OMC Joint Venture has secured a sanctioned loan for CBG projects without any corporate collateral, indicating IOCL’s strong credibility and the sector’s massive potential. This not only builds confidence among stakeholders but also encourages more large-scale investments in India’s clean energy sector”

Deepak Agarwal, MD, of GPSR ARYA (GPS Renewables’ asset platform), said, “Securing the largest single-bank funding in the CBG sector underscores the scale of the opportunity that exists. As the country makes significant strides towards a clean energy transition, our vision is to drive biofuel production and position India as a leading producer of renewable energy. This fundraise is a pivotal step in IGRPL’s journey as it enables us to execute our ambitious plan of building a nationwide network of CBG plants to significantly reduce our dependence on fossil fuels and lower greenhouse gas emissions.”

About IGRPL

IGRPL is a 50:50 Joint Venture by IndianOil and GPS Renewables Arya established in 2024. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, IndianOil and GPS Renewables aim to accelerate the deployment of CBG plants nationwide. These initiatives complement IndianOil’s long-term low-carbon development strategy and to achieve operational net zero by 2046, which will also help achieve net-zero target by 2070 for our Country. CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities.

About IndianOil

IndianOil, a leader in the global energy sector and ranked 116th on the Fortune Global 500 list, is driving India's transition to cleaner and greener energy with a strong focus on sustainability. The company has set an ambitious target of achieving operational Net-Zero Emissions by 2046, aligning with India's national goal of Net-Zero by 2070. Alongside its green energy focus, IndianOil remains a major player in the oil and gas industry, operating a refining capacity of 70.25 million metric tonnes per annum (MMTPA) and an extensive pipeline network stretching nearly 20,000 kilometers. IndianOil processes over 1.6 million barrels of crude oil daily and operates more than 61,000 customer touchpoints, including 37,500+ fuel stations. The company also serves over 150 million LPG customers and is a leader in the petrochemicals and lubricants segments. At the forefront of hydrogen mobility,biofuels, and electric vehicle infrastructure, IndianOil has installed over 10,028 EV charging stations across India, along with battery swapping services at key locations. As a promoter of the Government's SATAT initiative, IndianOil is advancing Compressed Biogas (CBG) under its "IndiGreen" brand. Additionally, the company has expanded its ethanol initiatives, launching E20 fuel at more than 5,700 outlets and Ethanol 100 fuel at 400 locations. IndianOil’s innovative solar cooktop, ‘Surya Nutan,’ is further proof of its commitment to clean energy, with plans to deploy 350 units in Madhya Pradesh. Beyond its core businesses, IndianOil remains dedicated to environmental sustainability, investing over Rs 457 crore in CSR projects focused on healthcare, education, skill development, and women empowerment. As IndianOil leads the charge towards a greener future, it continues to power the nation’s progress while expanding its presence in international

About GPSR (GPS Renewables) Group

Headquartered in Bengaluru, GPS Renewables (“GPSR”) is a full-stack biofuels firm offering technology and project solutions for climate-positive biofuel projects. Starting from captive biogas plants, GPSR has scaled up to set up some of the world’s largest RNG plants. In 2022, GPS Renewables launched GPSR Arya Pvt Ltd (“ARYA”) a wholly-owned subsidiary, to commission BOO (Build-Own-Operate) projects, augmenting its climate impact ambitions.

GPSR has formed joint ventures with Indian Oil, Bharat Petroleum, and Oil India to build compressed biogas (CBG) plants across India. These plants will process agricultural and organic waste, reduce carbon emissions, and support the government’s SATAT initiative.

Tata Power Signs PPA for 80 MW Dispatchable Renewable Energy Project to Power Mumbai Peak Demand

• Tata Power Renewables signs PPA with Tata Power Mumbai Distribution to Set up 80 MW Firm and Dispatchable Renewable Energy Project
• The project will generate 315 MUs of electricity annually, reducing over 0.25 million tons of CO₂ emissions and strengthening India's clean energy goals. 

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a prominent player in India’s renewable energy sector, has entered into a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for a contracted capacity of 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.

A dispatchable renewable energy project refers to a renewable energy system that can reliably deliver electricity on demand, even when the sun isn’t shining or the wind isn’t blowing.

The project will integrate advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability.

The project, to be completed within 24 months, is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions per year. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Tata Power Mumbai Distribution.

This project will play a pivotal role in helping Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State's Regulatory Commission.

Once commissioned, the clean energy generated from this project will be seamlessly integrated into Tata Power’s Mumbai distribution network, enabling the delivery of reliable, low-emission electricity to around 8 lakh customers across residential, commercial, and industrial consumers.

This collaboration reinforces TPREL's position as a trusted leader in India's renewable energy sector. With a steadfast commitment to sustainability and innovation, the company continues to drive forward India's mission of a greener and more resilient energy future.

With this addition, TPREL's total renewable utility capacity is 11.3 GW (PPA capacity is 9.4 GW) including 5.7 GW projects under various stages of implementation and its operational capacity is 5.6 GW, which includes 4.6 GW solar and 1 GW wind. Presently, the company's solar EPC portfolio is more than 15.7 GWp of ground-mount utility-scale and over 3 GW of rooftop and distributed ground-mounted systems. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.

Tata Power–Bank of Baroda Pact Unlocks ₹10 Crore Collateral-Free Loans for Solar Projects up to 10 MW

Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a Memorandum of Understanding (MoU) with Bank of Baroda, one of India’s premier public sector banks, to facilitate financing solutions for MSME and Commercial & Industrial (C&I) customers opting for solar energy.

Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorized channel partners. This initiative is designed to help MSME and C&I businesses adopt renewable energy with greater ease, reduce operating costs, and contribute to India’s sustainability goals.

The financing scheme offers several key benefits, which include an attractive rate of interest starting from 7.75%, collateral-free loans of up to ₹10 crore CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) coverage, flexible repayment tenure of up to 120 months, pan-India financing coverage, reduced margin requirements (starting from 20%), and concessional processing fees.

As of August 2025, TPREL has successfully completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. In the C&I segment, TPREL has catered to a diverse set of customers across various sectors viz - Hospitality, Automotive, Aviation, Education, HVAC, Chemical, Steel, Electronics, and Textiles, among others.

This collaboration underscores TPREL’s commitment to accelerating clean energy adoption across industries and highlights Bank of Baroda’s focus on strengthening green financing to support India’s transition towards a low-carbon economy.

It further reinforces TPREL’s position as a leader in India’s renewable energy journey, contributing to the nation’s target of achieving 500 GW of renewable energy capacity by 2030.

PM Modi Inaugurates Sunstream’s 140 MWp Solar Project in Maharashtra; Company Targets 1 GW Renewable Portfolio

Honorable Prime Minister Shri Narendra Modi today inaugurated Sunstream Green Energy’s 140 MWp solar project in Maharashtra, as part of the 2,458 MW of renewable energy projects launched nationwide. The Company also announced its plan to develop a 1-gigawatt (GW) portfolio of operating renewable energy assets within the next 18–24 months. This vision builds on Sunstream’s 500 MW project portfolio with 250 MW operational and 250 MW under execution, underlining its strategy of scaling high-quality assets for India’s clean energy transition.

Sunstream Green Energy was founded by Mr Bhadra Kanaiya in 2019 which is backed by Lighthouse Trust Singapore based, emerging market focussed growth fund, “At Sunstream, our work is centered on powering India’s Utility and C&I sector with reliable distributed renewable energy. Our 140 MWp project in Maharashtra reflects our execution strength, while our long-term focus is on helping large corporates and multinational companies achieve their clean energy and net-zero commitments,” said Kanaiya Bhadra, Founder & CEO, Sunstream Green Energy.

The launch of 2,458 MW of solar projects by Prime Minister Modi marks a major step in India’s journey toward energy independence and net-zero by 2070. With PM-KUSUM the world’s largest distributed renewable energy program and initiatives such as Maharashtra’s Mukhya Mantri Saur Krushi Vahini Yojana (MSKVY), India is building a model that combines clean power growth with economic empowerment.

Sunstream Green Energy’s strategic focus is to be the partner of choice for Corporate & Industrial customers, including listed entities and multinational corporations. By delivering cost-effective and scalable renewable power solutions, the company enables its customers to lower energy costs, enhance competitiveness, and meet global sustainability commitments such as RE100 and net-zero goals. With its growing expertise in hybrid and storage-backed solutions, Sunstream is also enabling corporates to secure reliable round-the-clock clean power for their operations.

Backed by a Lighthouse Trust, Singapore-based fund, Sunstream Green Energy is well-capitalized to expand its footprint. The company is actively developing projects that integrate solar, wind, and energy storage, strengthening its position as a trusted partner for corporates in their net-zero transition.

ACWA Power and L&T Unite for Saudi’s Yanbu Green Hydrogen Megaproject

In a important step toward advancing Saudi Arabia’s clean energy ambitions, Saudi Arabia based ACWA Power and India's Larsen & Toubro (L&T) have signed a Memorandum of Understanding (MoU) to collaborate on the renewables and grid infrastructure for the Yanbu Green Hydrogen Hub, one of the world’s largest green ammonia projects.

ACWA Power is a key player in Saudi Arabia’s Vision 2030, driving large-scale renewable energy projects and green hydrogen initiatives. It often partners with global firms and sovereign entities to deliver sustainable infrastructure at scale.

The agreement was formalized between ACWA Power and L&T’s Renewables arm (RENU), outlining joint development of critical components including solar photovoltaic systems, wind energy installations, battery energy storage systems (BESS), and high-voltage substations and transmission lines.

A Catalyst for Global Decarbonization

The Yanbu Green Hydrogen Hub is designed as a fully integrated facility powered entirely by renewable energy, aligning with Saudi Arabia’s Vision 2030 and its commitment to global climate goals. Once operational, the hub will produce green ammonia for export, supporting international decarbonization efforts.

“This project underscores Saudi Arabia’s leadership in the global energy transition,” said Marco Arcelli, CEO of ACWA Power. “We are proud to partner with L&T to deliver a facility that will help countries meet their net-zero targets.”

T Madhava Das, Whole-Time Director and Senior Executive Vice President at L&T, emphasized the strategic importance of the region: “Saudi Arabia’s competitive renewable energy landscape and its geographic advantage along the India–Middle East–Europe corridor make it a pivotal player in the clean energy economy.”

Next Steps: Toward EPC Execution

Following the MoU, L&T is expected to enter into an Engineering, Procurement, and Construction (EPC) contract, subject to final proposal approvals. The collaboration marks a deepening of ties between Indian and Saudi energy stakeholders, reinforcing regional cooperation in sustainable infrastructure.

Tata Power Renewable Signs 838 MW Wind Turbine Deal with Suzlon to Accelerate India’s Clean Energy Goals

Tata Power Renewable Energy Limited (TPREL), a key player in India’s green energy landscape and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a contract with Suzlon Group (Suzlon) for the supply of wind turbine generators with a combined capacity of 838 MW. These turbines will support TPREL’s various projects across multiple states, scheduled for completion over the next few years.

This partnership reinforces TPREL’s position as a leader in India’s renewable energy transition, playing a vital role in advancing the country’s target of reaching 500 GW of renewable energy capacity by 2030. It also reflects TPREL’s focus on scaling up wind-led clean energy projects that are reliable, dispatchable, and economically viable.

TPREL has a wind energy portfolio exceeding 3.9 GW, with over 1 GW operational and the remainder under various stages of development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

Under the agreement, Suzlon - a prominent renewable energy player- will deliver a comprehensive end-to-end solution for these projects, leveraging its extensive expertise in the wind energy domain.

The agreement marks the third strategic collaboration between TPREL and Suzlon, highlighting a strong partnership built over more than a decade.

This initiative supports Tata Power’s overarching goal of achieving 100% clean energy by 2045 and complements its expanding renewable energy portfolio, which currently totals 15.7 GW, with 6.9 GW sourced from clean energy.

Serentica Acquires Norway-based Statkraft’s India Solar Portfolio, Adds 1.4 GWp Toward 2030 Decarbonization Goal

Serentica Renewables, India’s largest decarbonization platform for C&I and utility customers, has signed binding agreements with Norway based Statkraft to acquire their Indian solar business.

Statkraft’s Indian solar business comprises of 445 MWp operational solar plant at Bikaner and 1 GWp of development assets across Rajasthan. The portfolio is strategically located in resource rich states and is currently supplying power on a merchant basis. These assets will be transitioned to serve Serentica’s C&I customers on a round-the-clock basis, thereby offsetting an estimated ~0.6 Mn tonnes of CO2 annually.

The acquisition will grow Serentica’s operating portfolio to 1.5 GW keeping the company on course to achieving its target of 17 GW by 2030. The completion of the transaction is subject to the fulfilment of conditions precedent and necessary regulatory approvals, if any.

Standard Chartered Bank acted as the buy-side transaction advisor along with Khaitan & Co. as the legal advisor. Ernst & Young LLP acted as the exclusive sell-side M&A banker to Statkraft, with Cyril Amarchand Mangaldas acting as the legal advisors.

Commenting on the development, Pratik Agarwal, Chairman, Serentica Renewables, said, “Serentica renewables is committed to the energy transition goals of India, and this acquisition is one more step in furthering that vision. By integrating this asset with wind and storage systems we will be able to provide a faster round-the-clock solution to our largest clients.”

Fernando de Lapuerta, Executive Vice President International, Statkraft, said, “We are very pleased with this transaction. Serentica Renewables is a fast-growing renewable energy company with high ambitions. We are confident that they will continue to operate and develop these assets with competence and commitment, contributing to India’s green energy transition. I am also glad that this offers new opportunities for our competent employees following the transaction.”

About Serentica Renewables

Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source across India’s energy landscape, Serentica is driving large-scale decarbonization & contributing to the nation’s broader goals, including through government tenders. The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India’s largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO2 emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has around 7,000 employees in more than 20 countries.

GPS Renewables to Manufacture High-Efficiency Biogas Agitators in India Under Exclusive BGTS Partnership

Image - biogastechnik-sued.de

GPS Renewables, a full-stack biofuels firm offering technology and project solutions for climate-positive biofuel projects, and its subsidiary Proweps, have entered into an exclusive partnership with Germany-based Biogastechnik Süd GmbH (BGTS) to introduce Advanced Paddle Agitators (mixers) under their brand Varibull to India. This partnership aims to improve operational efficiency of biogas plants and reduce costs for Indian CBG (Compressed Biogas) Developers.

Currently, most CBG developers use conventional agitators – mechanical devices that mix organic waste and water within anaerobic digester. These consume more power and are inefficient in handling high fibrous substrates like paddy straw or Napier grass often leading to operational challenges such as poor mixing, crust formation and deposits inside biogas digesters. These inefficiencies are addressed by the Varibull Paddle Agitator, developed by Biogastechnik Süd in Germany. It offers high mixing efficiency, better handling of difficult substrates and significantly lower power consumption.

The agitator will be manufactured at GPS Renewables’ facility in Bengaluru and it will be offered competitively than currently available conventional biogas equipment. The company also plans to explore exports from India to other markets as part of its larger goal of making advanced biogas technologies easily accessible.

Rajesh Ayyappasur, Director - Business Development & Partnerships at GPS Renewables, said, “At GPS Renewables, our focus has always been on introducing innovative technologies that can categorically address challenges in biogas production in India. We do this either through our in-house solutions or through collaborations with global experts. This partnership with Biogastechnik Süd Germany marks a significant milestone for us as we enter into a new product category with the introduction of paddle agitators. Biogastechnik Süd is a pioneer in biogas components, and their Varibull Paddle Agitator is one of the best-selling agitators worldwide, trusted for its durability, low maintenance, and efficiency.”

Mainak Chakraborty, CEO and Co-founder, GPS Renewables, said, “Many Indian CBG plants that rely on conventional agitators face crusting, sediment build-up, uneven mixing, higher power consumption, and frequent breakdowns—challenges that directly impact throughput and reliability. As India’s leading full-stack biofuel firm offering TEPC services and critical process equipment under the OptiMaxx brand, we are committed to solving these issues through global technology partnerships, in-house R&D, and strong execution on the ground. Proven paddle agitators like Varibull from BGTS are purpose-built for tough substrates and will enable efficient mixing, lower energy use, and reliable, low-maintenance operation for CBG developers.”

Gregor Maier, CEO of Biogastechnik Süd, said, “At Biogastechnik Süd, our mission has always been to deliver reliable, efficient and durable technologies that add long-term value to biogas operators worldwide. India is one of the most important growth markets for bioenergy, and we are proud to partner with GPS Renewables, whose strong execution capabilities and deep sector understanding make them the ideal partner for localizing our solutions. The integration of our Varibull Paddle Agitator will help Indian plants maximize performance, reduce downtime, and ensure sustainable operations over decades.”

Robert Ohneberg, International Sales Manager at Biogastechnik Süd, added, “Our products are designed to perform under the toughest operating conditions. Many biogas and CBG plants in India struggle with uneven mixing, sedimentation, and excessive energy consumption. With GPS Renewables, we are confident that we can address these challenges effectively. The Varibull Paddle Agitator has become one of the best-selling agitators worldwide for its robustness, minimal maintenance needs, and efficiency. By bringing it to India, we aim to support developers and operators in achieving higher process stability, greater gas yields, and reduced lifecycle costs.”

Through this partnership, GPS Renewables will distribute and integrate Biogastechnik Süd paddle agitator technology within its turnkey plant solutions and OptiMaxx equipment portfolio, offering Indian CBG developers a proven, future-ready mixing solution.

About GPSR (GPS Renewables) Group

Headquartered in Bengaluru, GPS Renewables (“GPSR”) is a full-stack biofuels firm offering technology and project solutions for climate-positive biofuel projects. Starting from captive biogas plants, GPSR has scaled up to set up some of the world’s largest RNG plants. In 2022, GPS Renewables launched GPSR Arya Pvt Ltd (“ARYA”) a wholly-owned subsidiary, to commission BOO (Build-Own-Operate) projects, augmenting its climate impact ambitions.

GPSR has formed joint ventures with Indian Oil, Bharat Petroleum, and Oil India to build compressed biogas (CBG) plants across India. These plants will process agricultural and organic waste, reduce carbon emissions, and support the government’s SATAT initiative.

About Biogastechnik Süd GmbH

In 1999, Biogastechnik Süd’s founders Clemens and Gregor Maier created the Varibull paddle agitator to overcome crusting and poor mixing issues on their own farm. Today, Varibull is the world’s best-selling mixer, proven in thousands of installations. Over the years, BGTS has expanded into a full range of biogas solutions—including paddle agitators, screw presses, feeding systems, and other critical plant components—developed from practice, for practice. This farmer-driven innovation ensures durable, low-maintenance, and energy-efficient technologies that deliver sustainable success for CBG developers worldwide.

About proweps

proweps envirotec GmbH is a Germany based international active consulting and engineering company specialized in technologies to utilize organic waste and biomass for biogas, biomethane or BioCNG or BioLNG production. The company offers a wide range of engineering services that are necessary for the realization of turnkey treatment plants. This includes feasibility studies, design & engineering, project management, supervision of construction and commissioning Furthermore key process equipment or key technologies required for turnkey plants are delivered as pretreatment, pasteurization, digester systems are completely supplied on customer demand. Long time international experience is the key for many successful projects realized on the international waste and biomethane market.

Renewable Energy Industry Veteran Jeff Tolnar Joins Hylenr’s Board of Directors

Jeff Tolnar

Hylenr, a pioneering clean energy company focused on commercializing Low Energy Nuclear Reactions (LENR) for global markets, today announced the appointment of Jeff Tolnar to its Board of Directors. Tolnar, a seasoned executive and thought leader in the renewable energy industry, brings expertise in technology commercialization, energy systems, and market development.

With a proven track record at leading energy and technology companies including Honeywell, Shoals Technologies Group, and Landis+Gyr, Tolnar has been instrumental in advancing sustainable solutions across the energy value chain. His leadership roles spanned strategy, operations, and innovation, making him uniquely positioned to support Hylenr’s next phase of growth.

Hylenr’s vision of deploying LENR technology to deliver scalable, clean, and affordable energy aligns perfectly with my lifelong passion for renewable energy and energy innovation,” said Jeff Tolnar. “I’m honored to join the Board and work with Ram, Sid, and the entire team to help bring this transformative technology to the world.”

Hylenr’s LENR platform represents a breakthrough in clean energy generation, offering high energy density with minimal environmental footprint. As the company transitions from advanced R&D to productization and commercialization, Tolnar’s experience will help guide strategic decisions, partnerships, and go-to-market execution.

“We’re thrilled to welcome Jeff to the Board,” said Ram Ramaseshan, Co-Founder & CEO, Hylenr. “His insight into scaling renewable technologies and building high-performing teams will be invaluable as we bring our LENR solutions to the global energy market.”

Siddhartha Durairajan, Co-Founder & Managing Director, Hylenr, added: “Jeff has led innovation at some of the most respected names in the industry, and shares our mission-driven commitment to solving the world’s energy challenges. His guidance will help ensure Hylenr delivers on its bold promise.” With Tolnar joining the board, Hylenr strengthens its leadership bench at a critical inflection point, positioning itself to disrupt traditional energy paradigms and deliver sustainable power worldwide.

About Hylenr

Hylenr is a clean energy technology company developing cutting-edge solutions based on Low Energy Nuclear Reactions (LENR). Its mission is to provide safe, scalable, sustainable energy for a cleaner, more equitable future. With a team of innovators, scientists, and entrepreneurs, Hylenr is redefining what’s possible in the renewable energy space.

Japan’s First Osmotic Plant Signals a New Era of Water-Based Energy

In a quiet corner of southern Japan, something revolutionary is happening beneath the surface. No smoke. No noise. Just the silent push and pull of salt and fresh water generating clean electricity. Welcome to Japan’s first osmotic power plant—a bold step into the future of renewable energy.

What Is Osmotic Power?

Imagine placing freshwater and seawater side by side, separated by a special membrane. Nature wants balance, so freshwater flows toward the saltier side, creating pressure. That pressure can spin a turbine—and voilà, you’ve got electricity. It’s called osmotic energy, or more poetically, “blue energy.”

Unlike solar or wind, osmotic power doesn’t care if it’s cloudy or calm. It runs 24/7, quietly converting water chemistry into clean power.

Japan’s First Plant: Small but Mighty

Launched in August 2025 by the Fukuoka District Waterworks Agency, the plant uses treated wastewater and concentrated seawater—both byproducts of desalination—to generate power. It’s expected to produce 880,000 kilowatt-hours annually, enough to run a desalination facility and supply clean water to nearby communities.

That might not sound like much, but it’s a proof of concept with global implications.

This is next-generation renewable energy, says Akihiko Tanioka, a leading researcher in osmotic systems. It’s clean, constant, and scalable.

Why It Matters

Always On: Unlike solar panels or wind turbines, osmotic power doesn’t depend on weather.

Eco-Friendly: No emissions, no fuel, no noise—just water doing what it naturally does.

Global Potential: Countries like Norway, South Korea, and Australia are exploring similar tech.

What’s Next?

Japan’s move could spark a wave of innovation. Coastal cities, desalination hubs, and wastewater treatment plants might soon double as power stations. And with climate change demanding cleaner solutions, osmotic energy offers a tantalizing new option.

It’s not just science—it’s strategy. Turning water into power without harming the planet? That’s the kind of quiet revolution the world needs.

Vodafone Idea Acquires 26% Stake in Aditya Birla Renewables SPV to Power Telecom Ops

In a strategic move to bolster its renewable energy portfolio, Vodafone Idea Limited has signed binding Purchase and Power Purchase Agreements (PPAs) on August 12, 2025, to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3). The special-purpose vehicle (SPV) has been established to own and operate a captive power plant, aimed at supplying clean energy to Vodafone Idea’s telecom operations.

Transaction Highlights

• Equity Stake: 26% in ABRen SPV 3
• Investment Value: ₹1.56 crore, to be infused in tranches over six months
• SPV Incorporation: November 21, 2024
• Authorised Share Capital: ₹6.50 crore
• Paid-up Capital: ₹1 lakh (10,000 equity shares of ₹10 each)
• Turnover: Nil as of date

The agreements were executed with Aditya Birla Renewables Limited, a related party under the Companies Act, 2013. The transaction has received approvals from both the Audit Committee and the Board of Directors of Vodafone Idea.

Vodafone Idea’s investment aligns with regulatory provisions under the Electricity Act, 2003, and the Indian Electricity Rules, 2005, which mandate equity participation for captive power consumption. The move is expected to provide cost-effective and sustainable energy, reducing operational costs and carbon footprint across its telecom infrastructure.

A spokesperson from Vodafone Idea commented, “This partnership reinforces our commitment to sustainability and energy efficiency. By investing in captive renewable energy, we aim to optimize costs and contribute to India’s clean energy transition.”

The telecom sector is increasingly turning to renewable energy to meet rising power demands while adhering to ESG goals. Vodafone Idea’s latest investment reflects a broader industry trend toward green infrastructure and energy independence.

IFC’s First Thai C&I Solar Bet: $45 Mn Investment in CleanMax to Scale Renewable Access

To expand access to reliable energy and make clean power more affordable for industrial businesses, IFC is investing THB 1,476 million (approximately $45 million) in CleanMax Energy (Thailand) Company Limited, a subsidiary of Clean Max Enviro Energy Solutions Private Limited (“CMES” “CleanMax”). Backed by Brookfield, CleanMax is a leading Indian renewable energy and net-zero solution provider for the Commercial and Industrial (C&I) sector.

This marks IFC’s first debt investment in a renewable energy developer in Thailand focused exclusively on the C&I sector. The funding will support the development of 35 megawatt-peak (MWp) greenfield solar capacity, refinance 41 MWp of operating solar projects, and increase the country’s C&I solar capacity.

“CleanMax aims to expand clean and accessible green energy across key sectors by establishing further presence in Thailand”, said Mr. Kuldeep Jain, Managing Director of CleanMax. “Through our partnership with IFC we will strive to build a sizeable portfolio, attract interest from commercial lenders, and seek to collectively contribute to developing renewable energy assets in Thailand.”

“Building on the momentum for commercial and industrial solar in Thailand, IFC’s financing will help CleanMax, a leading Indian private player, expand its operations in line with market demand,” said Riccardo Puliti, Regional Vice President for Asia and the Pacific at IFC. “Aligned with government efforts, this project will enhance competitiveness in the distributed generation segment and expand renewable energy solutions for the country.”

As Thailand moves toward a more diversified energy mix, the industrial sector and its growing power demand continue to drive the adoption of on-site solar solutions that offer lower tariffs than the grid. IFC estimates that the market for C&I solar in Thailand could triple over the next 10 years.

"IFC was one of the first institutional investors in CMES with a more than $10 million equity investment in 2017 alongside Warburg Pincus, a global private equity firm."

This latest investment builds on that partnership, emphasizing IFC’s commitment to scaling energy solutions across emerging markets.

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.

About Clean Max Enviro Energy Solutions Pvt. Ltd. (CleanMax)

CleanMax [is one of the leading Indian renewable energy companies in the C&I (Commercial and Industrial) sector,] with 2.2 GW of operating, owned and managed capacity of renewable assets spread across India, Middle East, and South-East Asia as of 31st March 2025, driven by a skilled and professional team. CleanMax is a Brookfield backed company. Focused on being the sustainability & net-zero partner of choice for corporates, CleanMax provides diverse solutions, including rooftop solar projects, solar farms, wind farms and wind-solar hybrid farms to its customers, and has further expanded its portfolio to include renewable energy certificates as well. We serve over 500 distinct corporates as on 31st March 2025. CleanMax’s solutions are aimed to comprehensively help accelerate its customers’ shift to clean energy. Companies across industries such as Data Centres, Textiles, Automotive, Chemicals, FMCG, Pharma, Manufacturing have relied on CleanMax as their Net Zero Solutions provider.

Tata Power RE Inks First BESPA with NHPC for Kerala’s Grid-Scale Battery Storage Project

• This is the Company’s first Battery Energy Storage Purchase Agreement (BESPA)
• Project to support grid stability and energy transition goals in Kerala

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of India’s leading renewable energy players, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited (NHPC).

The project, secured under NHPC’s BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala.

The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC’s broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding.

The initiative supports the Government of India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030. Implemented under Ministry of Power guidelines, the project will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience.

In addition to this upcoming project, TPREL is already operating a Solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility-scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India Limited.

The project with NHPC marks TPREL’s first win in the standalone BESS segment, reinforcing its commitment to delivering cutting-edge, dispatchable, and sustainable energy solutions. With this addition, TPREL’s total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development.

Tata Power Rolls Out Affordable Solar Rooftop Solutions

• Launches solar rooftop solutions starting from Rs 2499 in Odisha, backed by attractive financing options
• Aiming to accelerate India's clean energy transition with a target of 3 lakh rooftop installations in Odisha and 10 lakhs nationwide in the next 3 to 5 years
• Tied up with OREDA to boost state wide solar adoption
• Launches lifestyle solar solutions by expanding the product portfolio beyond simple solar rooftop systems

Tata Power Renewable Energy Limited (TPREL), India's leading rooftop solar company and a wholly owned subsidiary of Tata Power, today announced the launch of India’s most affordable rooftop solar solution at Bhubaneshwar in Odisha under its 'Ghar Ghar Solar' campaign. 

The Company’s accessible, consumer-centric financing model makes rooftop solar affordable for a broader segment of Odisha’s population. Residents can install systems with minimal upfront investment starting from ₹2,499 for 1 kW, ₹4,999 for 2 kW, and ₹7,999 for 3 kW. This initiative is impactful for households, turning solar adoption from an aspiration into an economically viable option. This first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power more accessible, affordable, and seamlessly integrated into households.  

Odisha consumers gain substantial financial benefits through the PM Surya Ghar: Muft Bijli Yojana, which offers subsidies up to ₹78,000 for solar systems up to 3 kW, covering nearly 40% of installation costs. The initiative is further strengthened through the State Government’s additional subsidy of ₹25,000 for a 1 kW system, ₹ 50,000 for a 2 kW system, and up to ₹ 60,000 for systems 3 kW and above. This financial support significantly accelerates rooftop solar adoption, making clean energy solutions accessible to households across the state. 

To cater to evolving needs, Tata Power has also introduced two enhanced Lifestyle solutions for residential customers:

• MySine – a compact, intelligent solar + battery backup system for uninterrupted power
• Solar Design Spaces – a curated range of 25 aesthetic rooftop installations blending sustainability with style

Odisha has already witnessed a remarkable surge in rooftop solar adoption, significantly driven by the growing awareness created through the 'Ghar Ghar Solar' initiative. The total consumer base has grown over four times, from 430 to 1,759, underscoring the deepening penetration of solar energy among both residential and commercial consumers. In FY25 alone, the Company onboarded 1,033 new solar rooftop customers, a tenfold increase from FY24 in the state. The Commercial & Industrial (C&I) segment also showed consistent growth in Odisha, with 76 consumers added in FY25, up from 56 consumers in FY24.

TPREL, the No 1 Rooftop Solar company for 10 years now, offers a comprehensive range of benefits to its solar rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, exclusive sales and service in over 450+ districts, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems.

With easy financing, pan-India presence, and wide-ranging innovations, Tata Power is making clean energy mainstream, empowering every Indian home to be solar-ready.

Interested customers can call our helpline at 18002577777 to know more about the installation of solar rooftop under the #GharGharSolar campaign.

Tata Power’s Solar Manufacturing Arm (TP Solar) Crosses 4 GW of Solar Module Production at Its Tamil Nadu Facility

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing arm of The Tata Power Company Limited (Tata Power), today announced that it has crossed 4 GW solar module manufacturing at its Tamil Nadu plant.

The plant has cumulatively produced 4049 MW of solar modules and 1441 MW of solar cells upto 31st May’2025.

With a strategic focus on scaling up production, the Company is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26, further solidifying its commitment to supporting India’s clean energy transition.

Strategically built to comply with Domestic Content Requirement (DCR) norms, the facility is equipped to manufacture next-generation Mono PERC (Passivated Emitter and Rear Cell) and advanced TopCon (Tunnel Oxide Passivated Contact) modules using cutting-edge automated and AI-driven technologies. The ramp-up aligns with Tata Power’s goal to strengthen India’s solar supply chain resilience by reducing dependency on imports and enabling faster deployment of clean energy projects nationwide.

The facility is already supplying panels to meet Tata Power’s order book requirements—including utility-scale solar farms, hybrid energy parks, and distributed rooftop systems as well as serving marquee third-party installations across the country.

With its rated capacity of 4.3 GW expected to be fully realized in FY26, the plant would continue to support the nation’s target of achieving 500 GW of non-fossil fuel capacity by 2030.

Beyond its technological prowess, the Tamil Nadu facility also stands out for its inclusive and sustainability-first approach. Over 80% of the plant’s shop floor workforce comprises women, reflecting Tata Power’s strong focus on gender diversity and equitable job creation in advanced manufacturing. The plant itself has been built using green building principles, energy-efficient processes, and resource-conscious design, minimizing its environmental footprint.

As one of India’s largest vertically integrated solar players, TP Solar is driving innovation and scale across the clean energy value chain—from manufacturing and engineering to deployment and digital energy services. The ramp-up of this 4.3 GW facility positions the company as a key enabler of India’s clean energy independence, while advancing the global movement toward sustainable energy security.

TPREL also has a 682MW solar module and a 530MW solar cell plant at Bengaluru, which operates at full capacity to support the DCR Cells and Modules production.

72GW Power Play: Andhra Pradesh’s Clean Energy Leap

Andhra Pradesh is forging an ambitious path toward a cleaner future by setting its sights on a massive 72.60 GW of renewable energy capacity by 2029.

At the heart of this surge is the state’s bold push into clean energy infrastructure, exemplified by the recently launched ReNew Renewable Energy Complex in Anantapur. Valued at Rs 22,000 crore, this flagship project is designed to generate 4.8 GW through a mix of solar, wind, and battery storage technologies.

In a ceremonial event of laying foundation stone for the ReNew Renewable Energy Complex in Anantapur, the state's Minister for Information Technology and Renewable Energy, Nara Lokesh said, 

At the Renewable Energy Invest Summit held in 2024, the state announced its goal of achieving 72 gigawatts (GW) of renewable energy capacity by 2029. 

Lokesh described the mission as “bold, urgent, and necessary.”

This isn’t just about a single project but a cornerstone in what the state calls the clean energy revolution, transforming the region’s energy landscape and setting the stage for sustainable, long-term growth.

The energy blueprint is part of a broader strategy propelled by an integrated policy framework that emphasizes forward-thinking investments with an eye on job creation and industrial advancement.

Over the past eight months, Andhra Pradesh has attracted substantial commitments from major players such as Tata Power, NTPC Green Hydrogen, Vedanta Sarantika, Sal Industries, and Brookfield.

With the approval of 19 new projects worth over Rs 33,720 crore and a total of 76 projects cleared since the current administration took charge, the state is not only expanding its renewable capacity but also setting an economic momentum that could generate hundreds of thousands of jobs. Regions like Rayalaseema are poised to emerge as renewable energy powerhouses, further demonstrating the state’s commitment to leveraging its natural advantages for economic and environmental gains.

This audacious initiative, backed by the vision of key leaders and the Integrated Clean Energy Policy launched in late 2024, reflects a broader trend of governments and industries steering towards green energy solutions. It’s a transformative move that highlights the potential of renewable investments to drive substantial economic benefits while mitigating climate change—one of the defining challenges of our time.

The scale and ambition of Andhra Pradesh’s clean energy drive invite a broader discussion on how such regional initiatives can influence national energy policies and even inspire global renewable energy advancements.

Andhra Pradesh’s 72GW target contributes significantly to India’s national renewable energy ambitions, which aim for 500GW by 2030. Other states like Gujarat and Rajasthan are also ramping up solar and wind projects.

Andhra Pradesh’s model is notable for its integrated clean energy policy, blending solar, wind, and battery storage while fostering industrial growth. It’s a bold move that could serve as a blueprint for other regions.

Notably, China leads the world in renewable energy deployment, with aggressive investments in solar and wind. And interestingly, China's focus on large-scale grid integration and battery storage mirrors Andhra Pradesh’s approach.

Countries like Germany and the UK use financial incentives to accelerate adoption. Germany’s feed-in tariffs encourage households to sell excess solar power to the grid, while the UK offers discounts for residents near wind farms.

Andhra Pradesh’s clean energy push aligns with global trends, but its scale and integrated approach make it stand out.

Coal India and AM Green Aim for India’s Largest RE Supply Contract

In what would be one of the world’s largest renewable energy contracts, Coal India Limited (CIL), plans to supply 4500 MW or 4 GW of carbon-free energy, in phased manner, to upcoming green ammonia facilities of AM Green. It would be through a combination of solar and wind whose capacities CIL aims to set up on pan India basis. This initiative aligns with India’s national goal of achieving a cleaner energy mix and transition towards net-zero emissions.

A formal non-binding memorandum of understanding (MoU), for long-term supply and sourcing of renewable energy, was inked on 7th May between the two entities.

While the solar power capacity would be to the tune of 2500 MW to 3000 MW, wind is expected to account between 1500 MW and 2000 MW at an estimated total outlay of around Rs. 25,000 Crores. Potential sites for wind projects will be explored in the southern states of the county. And, for solar plants in the sunny states like Gujarat and Rajasthan.

AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to AM Green facilities.

“While coal remains our mainstay in meeting India’s expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become country’s integrated energy provider” said P M Prasad, CIL’s Chairman.

AM Green promoted by the founders of Greenko, one of India’s leading energy transition solutions providers, targets to produce 5 million tons per annum (MTPA) of green ammonia by 2030. This equals approximately 1 MTPA of green hydrogen and represents a fifth of India’s target for green hydrogen production under the National Green Hydrogen Mission.

Anil Chalamalasetty, Founder of the Hyderabad based Greenko Group & AM Green, said, “We are delighted to partner with CIL on one of the world’s largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world”.

The agreement was signed by Sudarsan Bora, GM (E&M) representing CIL while his counterpart from AM Green was Shatanshu Agrawal, Sr. Vice President – Business Development. Present were P M Prasad, Chairman, CIL, Mukesh Choudhary, Director (Marketing) CIL and Anil Kumar, GM (MM & Solar) CIL.

About AM Green: AM Green is promoted by founders of Greenko Group, which is among India's leading renewable energy conglomerates. Greenko Group has experience in building, owning and operating renewable assets and is in the process of constructing mega closed loop pumped storage assets which will enable supply of round the clock power at a very competitive rate. The founders have established AM Green as a new energy transition platform. AM Green's target is to produce Sustainable Aviation Fuel, Green Ammonia, Green Hydrogen, Green Chemicals and biofuels and to set up related technology partnerships and services through its various business verticals which are housed in the subsidiaries of AM Green.

AM Green will house production of green chemicals, green hydrogen, and biofuels. AM Green is committed to producing green ammonia at scale across multiple locations in India. Goal is to reach 5 MTPA of green ammonia capacity by 2030, which will directly contribute to India's net-zero targets, while simultaneously supporting OECD markets in their decarbonization efforts. This output will be equivalent to 1 MTPA of green hydrogen, representing one-fifth of India's target for green hydrogen production and 10% of Europe's target for green hydrogen imports.

NTPC REL Achieves Full Commercial Operation of 150 MW Gujarat Solar PV Project

NTPC Renewable Energy Limited (NTPC REL) a wholly owned subsidiary of NTPC Green Energy Limited has successfully declared the commercial operation of the final 60 MW capacity of its 150 MW Gujarat Solar PV Project, marking the full commissioning of the project in Limbdi, Gujarat. 

Limbdi, Gujarat

This solar venture was awarded under the GUVNL 500 MW Solar (Phase XII) tender.

The last segment of 60 MW commenced commercial operation on April 16, 2025. This follows the earlier commissioning of the first 60 MW on July 29, 2024, and the second 30 MW on December 11, 2024.

With this milestone, the entire 150 MW capacity of the Gujarat Solar PV Project is now operational, reinforcing NTPC REL’s commitment to advancing India’s renewable energy goals and supporting the nation’s clean energy transition.

Rio Tinto and AMG Metals & Materials to Assess Low-Carbon Aluminium Project in India

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green.

Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India.

Aluminium is a recyclable environment-friendly metal having a host of applications across diverse sectors - power, transportation, building, construction, packaging and many more. World primary Aluminium demand has reached ~70 million tonnes. India is already the world's second biggest aluminium producer and third biggest consumer, with demand set to double over the next decade. Current India Aluminium market is around 5 MTPA.

Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: “This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business.”

As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project.

Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: “Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments.”

About Rio Tinto

Rio Tinto is a leading global mining and metals group that focuses on finding, mining, processing and marketing the Earth’s mineral resources. Its main products include iron ore, aluminium, copper, lithium, borates and titanium dioxide. Further information at www.riotinto.com.

About AMG Metals & Materials

AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, one of India’s leading energy transition solutions providers, and AM Green, a global decarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar, wind and hydro and is building 100 GWh of single cycle storage capacity across India.

AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world’s largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com