The MoU was signed by Mr Srivatsan Iyer, Global CEO, Hero Future Energies, in the presence of Sri N. Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, Sri K. Vijayanand, IAS, Chief Secretary, Govt of AP, Dr M. Kamalakar Babu, Vice Chairman & MD, NREDCAP, Govt of AP and Sri C.M. Saikanth Varma, IAS, CEO, AP Economic Development Board and Mr Rahul Munjal, Founder & CMD, Hero Future Energies and senior officials from both sides at Visakhapatnam, on the sidelines of the AP Govt – CII Partnership Summit. Under the agreement, HFE will establish the renewable energy generation projects in two phases, creating over 15,000 direct and indirect jobs in total.

As part of the MoU, HFE will leverage its expertise in renewable energy technology, design, and implementation to set up the projects in a time-bound manner. Hon’ble CM of Andhra Pradesh assured HFE Chairman that NREDCAP and APEDB will facilitate necessary assistance to enable project development, including coordination with relevant departments of the Government of Andhra Pradesh and the Union Government of India for required approvals and support. In response, HFE Chairman and Managing Director, Mr. Rahul Munjal, informed the Hon’ble Chief Minister that HFE will invest an additional INR 15000 crore in renewable energy projects in the state, taking the total value of the current proposed investments to INR 30,000 crores.

Speaking on the occasion, Rahul Munjal, Founder and CMD, Hero Future Energies, said, “This partnership marks more than an investment—it’s a step towards redefining how States and private enterprise can jointly drive India’s clean energy transition. Andhra Pradesh’s proactive policy environment and strong infrastructure make it a top priority investment destination.”

Srivatsan Iyer, Global CEO, Hero Future Energies, said, “The proposed projects are proving ground for complex renewable ecosystems that combine scale, innovation, and impact. Through this MoU, we are adding 4 GW of green capacity and also setting in motion a model of sustainable industrial growth that generates long-term employment, attracts ancillary industries, and strengthens the AP’s role in India’s decarbonisation journey.”

The MoU will remain valid for a period of 12 months from the date of signing and aims to enable swift project commencement and investment facilitation in the renewable energy sector of Andhra Pradesh.

Hero Future Energies (HFE) is rapidly positioning itself as a powerhouse in India’s clean energy ecosystem, scaling an integrated portfolio that spans solar, wind, hybrid systems, and green hydrogen. Building on its proven track record in hybrid and advanced renewable solutions, the company has recently secured major MoUs — including one with the Government of Karnataka for a ₹11,000 crore investment in renewables and green hydrogen, and financing support of ₹1,024 crore from the State Bank of India for a 60 MW hybrid solar-wind-storage project in Andhra Pradesh. These commitments reflect HFE’s strategic shift beyond conventional generation into firm, dispatchable renewable energy and decarbonisation of hard-to-abate sectors, with a growing international footprint across Europe and Southeast Asia. Backed by marquee investors like KKR and the International Finance Corporation (IFC), HFE is driving expansion through technology integration, geographic diversification, and complex project structuring—cementing its role as a front-runner in India’s energy transition.

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The $0.7 billion project – developed, constructed and commissioned by AM Green Energy, a wholly owned ArcelorMittal subsidiary – is expected to reduce AM/NS India’s carbon emissions by 1.5 million tonnes per year, supporting AM/NS India’s target to reduce the carbon intensity of the steel it produces by 20% by 2030 (against a 2021 baseline).

The India renewables project has been developed as a hybrid project, integrating 1GW of solar and wind capacity with a third-party hydro pumped storage solution (currently under testing and scheduled for commissioning by June 2025), ensuring the project will ultimately deliver at least 250MW of round-the-clock power, critical for continuous energy production. It will provide over 20% of the existing energy requirements at AM/NS India’s steel plant in Hazira, Gujarat.

Vast in scale, the solar site is spread over 2,400 acres – enough to hold more than 1,700 FIFA-sized football fields – and the wind site is spread over 700 acres. Now fully commissioned and running at nameplate capacity, c. 1.5 million solar panels and 91 wind turbines will generate 2.5 billion kilowatt-hours (kWh) of power annually, equivalent to powering nearly 10 million Indian households.

Commenting, Aditya Mittal, CEO, ArcelorMittal, said: “Investing in renewable energy generation is an exciting new business area for ArcelorMittal. It provides cost-effective clean energy security for our steelmaking operations and supports our decarbonisation objectives.

“The India project is the first of our major renewables projects to be commissioned. It is a large and ambitious project that has been completed efficiently and safely in approximately 18 months, one of the fastest projects of this scale delivered in India, with clean electricity now being provided to AM/NS India. My congratulations go to everyone involved in the project. Its successful delivery demonstrates our commitment to growing our presence in India in a safe, sustainable manner.”

The India renewables project is one of several renewable energy projects ArcelorMittal is developing. In total, the Company has 2.3GW of renewable energy projects underway in India, Brazil, and Argentina.

It also forms part of ArcelorMittal’s suite of strategic growth projects, from which the Company expects to generate incremental annual EBITDA of $1.9 billion when all are complete by the end of 2027.         

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The technology for these projects will utilize lithium iron phosphate (LFP) based liquid-cooled containerized BESS solution. This project will be executed as a Lump Sum Turnkey Project agreement, consolidating the solar project as a single Battery Storage. WRTL marks its major milestone in becoming an integrated EPC company.

Viren Doshi, Director of Waaree Renewable Technologies Limited stated, “The said project is expected to significantly enhance the efficiency and reliability of renewable energy in Gujarat. By integrating these systems, we aim to provide a robust infrastructure that supports the growing demand for sustainable energy. We are pleased to receive this repeat order, which demonstrates our customers’ trust in our ability to deliver and highlights our disciplined approach to achieving results on time and within budget. This partnership supports our commitment to a sustainable future.”

Arvind Bansal, CEO, of Continuum Green Energy Limited, stated, “This collaboration marks a significant step towards integrating energy storage solutions in our wind-solar hybrid renewable projects for our industrial consumers. We are confident that Waaree Renewable Technologies’, execution excellence and commitment to on-time delivery, will help us achieve our shared vision of a greener tomorrow”.

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NEW DELHI: To realize the green energy and green hydrogen objectives of NTPC, a Joint Venture Agreement (JVA) was signed between NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL), the state-owned power generation company managing thermal and hydroelectric stations in Rajasthan. The agreement was signed on 17th September 2024 in Jaipur, in the presence of the Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma.

The JVA was exchanged between Sh. Rajiv Gupta, CEO (NGEL) and Sh. Devendra Shringi, CMD (RVUNL) in the august presence of Sh. Gajendra Singh Khimsar Hon’ble Minister of Medical and Health, Sh. Jogaram Patel Hon’ble Minister of Parliamentary Affairs, Smt. Manju Sharma Member of Parliament, Jaipur, Sh. Alok (IAS) ACS (Energy) and other dignitaries from NGEL and RVUNL.

160 MW out of a total of 320 MW Solar Power Project at Bhainsara, Rajasthan was also dedicated to the nation by the Hon’ble Chief Minister of Rajasthan.

The JV Company will undertake the development of 25 GW of Renewable Energy Projects and 1 MMTPA of Green Hydrogen / Derivatives in the state of Rajasthan.

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COIMBATORE: ZF Wind Power, worldwide leader in technology-driven manufacturing and a service partner in the global wind turbine gearbox industry, announced a major milestone for the Indian market: the total production of 50 GW gearbox capacity at its state-of-the-art manufacturing facility in Coimbatore, India. This achievement underlines ZF’s commitment to India’s renewable energy landscape while strengthening its position as a strategic partner on the road to a sustainable future.

The 50 GW milestone is a testament to ZF’s early entry and sustained commitment to the Indian wind market. The ZF Wind Power plant at Coimbatore is the largest plant for wind gearbox production in the world, excluding China. By establishing a key export hub and continuously investing in local capabilities, ZF plays a pivotal role in shaping India’s wind energy landscape.

Long-term strategic investments in the ZF Wind Power plant in Coimbatore are dedicated to expanding its manufacturing capacity from 9 to 12 GW per year to meet the growth envisioned for the wind market. This is coupled with the installation of a 13 MW test rig, further solidifying ZF’s position as a partner in development and validation.

Prof Dr. Peter Laier, Member of the Board of Management, ZF Group expressed his enthusiasm about this milestone, stating, “ZF Wind Power is a leading gearbox supplier in India with this plant providing gearboxes to both domestic and global customers under – Make in India for India and the World. The ZF Group’s investment in the expansion of production facilities is a testament to the long-term goals and growth potential for the region. We stay committed to the sustainability objectives,  and with the expanded facilities we will be positioned to contribute significantly to achieve India’s ambition of doubling the nation’s wind power capacity by 2030.”

Akash Passey, President of ZF Group in India noted, “ We are proud to be the only plant in India that achieved this milestone. Our strategic focus on sustainability and ZF’s DNA of quality, innovation, and customer satisfaction has enabled us to maintain our leadership position in the Indian wind gearbox market. As a part of our technology and capacity expansion, we have already committed to investing INR 750 crores earlier this year during the Global Investors meet in Chennai. The expansion planned is focused on leveraging the market potential and meeting customer requirements.” 

“We strive for local production that’s as close as possible to our partner’s destination. Advanced and sustainable logistics maximize our global manufacturing footprint while minimizing the ecological footprint. ZF Wind Power’s investment is our commitment to flexibility in local and global production to address the dynamic customer demand,” says Felix Henseler, CEO of ZF Wind Power. “This way we empower a sustainable future together with our partners.”

Deepak Pohekar, ED and Head ZF Wind Power plant Coimbatore mentioned, “Our Coimbatore plant is a state-of-the-art manufacturing hub spread over more than 120,000 sq. meters. Along with production its robust center for research and development actively works on global solutions. This facility also acts as one of the major service hubs for ZF Wind Power. The facility’s ability to adapt to evolving customer demands, both locally and globally, driven by the commitment of the talented team, has been instrumental in its success.”

This expansion aligns seamlessly with ZF’s broader sustainability goals and commitment to carbon neutrality by 2040. The Coimbatore plant incorporates advanced technologies and processes to minimize its environmental footprint and contribute to a greener future.

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The leaders of these major Central Public Sector Enterprises focused on strategies to support the Government of India’s renewable energy goals and emphasized the significance of their collaboration. Shri Rajesh Kumar Dwivedi, Director (Finance), BHEL also attended the meeting and shared his insights during the discussion.

Emphasizing the importance of the collaboration, CMD, IREDA said, “The synergy between IREDA and BHEL will significantly contribute to India’s renewable energy ambitions. Together, we aim to enhance the pace of project execution and provide robust financing solutions to support Govt. of India in achieving the 500 GW target by 2030. This partnership is a step towards securing a sustainable energy future for India, in line with the nation’s Viksit Bharat vision for 2047.”

Both organizations reaffirmed their commitment to overcoming challenges in the renewable energy sector and contributing to a cleaner and greener India.

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INDIA: Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated power companies and a subsidiary of The Tata Power Company Limited, has signed a power delivery agreement with Tata Communications Limited (Tata Communications), a leading communications technology (commtech) player, for an 18.75 MW AC group captive solar power plant.

The project facilitated through a special purpose vehicle (SPV) — Nivade Windfarm Limited — has acquired an estimated order value of ₹ 105 crores. Located in Aachegaon, Maharashtra,  the plant is projected to generate approximately 40 MUs of power while offsetting more than 30,000 tonnes of CO₂ emissions annually.

By incorporating renewable energy sources in its energy consumption mix, Tata Communications reaffirms its commitment to environmental responsibility and adopting eco-friendly energy alternatives. While the decision to ‘go green’ demonstrates the feasibility and immense benefits of sustainable energy practices, it also reflects the broader efforts within the sector to reduce environmental impact and champion a more sustainable and responsible business ecosystem.

Commenting on the partnership, Deepesh Nanda, CEO and Managing Director, of Tata Power Renewable Energy Limited, said, “We are pleased to partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customized green energy solutions such as Group Captive Solar will not only reduce operating costs but also increase energy efficiency, thus paving the way for a sustainable and future-ready sector.”

Manoj Tripathy, Vice President- of Corporate Services, at Tata Communications Limited, said, “We are delighted to announce Tata Communications’ unwavering dedication to sustainability as a leading global comm tech player, as demonstrated through our strategic collaboration with Tata Power Renewable Energy. This initiative sets a formidable example for the transition towards a greener future. It is a resolute pledge towards fostering a cleaner, more sustainable path for the future of commtech.”

Tata Power Renewable Energy Limited is strategically emphasizing group captive projects to actively contribute to India’s ambitious target of achieving net-zero carbon emissions by 2070, while also addressing the distinctive renewable energy requirements of clients across various sectors. In recent months, the Company has achieved a significant milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group captive projects. This accomplishment is attributed to the successful execution of Power Purchase Agreements (PPAs) that span a diverse range of industries, including steel, polystyrene, mining, iron casting, manufacturing, hospitality, and automotive, among others.

With the addition, the total renewables capacity of TPREL reached 9,015 MW* (PPA capacity is 7,629 MW), including 4,744 MW of projects in different phases of development. The company has an operating capacity of 4,271 MW, including 3,244 MW in solar projects and 1,027 MW in wind projects

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MUMBAI: Honeywell (Nasdaq: HON) announced that Acelen Renewables has selected its Ecofining technology to help support the efficient production of a targeted 20,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel. The fuels will be processed at Acelen’s facility in Bahia, Brazil, from a blend of inedible seed and waste oils. With this agreement, Acelen Renewables becomes the 50th site to license Honeywell’s renewable fuels technology.

Honeywell’s Ecofining process, which was developed in collaboration with Eni SpA, offers a capital- and cost-effective solution for processing waste fats, oils, and greases into renewable diesel and SAF. Blended with conventional jet fuel, the use of SAF can reduce greenhouse gas (GHG) emissions by up to 80% compared to conventional fossil fuels.^[1] Ecofining has been in use since 2013 for renewable diesel and in 2016 for SAF production, making it a proven tool for helping to reduce carbon dioxide (CO₂) emissions, particularly in air travel.

Over the past two years, Honeywell has seen rapidly increasing demand for renewable fuel technologies, including Ecofining. This growth tracks with international decarbonization efforts—especially in air travel. Initiatives like the SAF Grand Challenge and SAF tax credit in the U.S. Inflation Reduction Act as well as the European Council’s ‘Fit for 55’ package have set in motion key drivers to expand SAF production, accelerating the energy transition and aviation’s journey to net-zero emissions.

“The dramatic growth in demand for renewable fuels technology illustrates that fuel producers are accelerating adoption of solutions to help meet ambitious decarbonization goals,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “Our 50^th license is a testament to Honeywell’s leadership in renewable fuels. The milestone follows back-to-back years of solution launches that harness ethanol and e-methanol—to round out one of the largest ranges of feedstock processing technologies on the market.“

Acelen Renewables joins a roster of companies around the world currently licensing Honeywell’s renewable fuels technology, including BP, CVR Energy, Diamond Green Diesel, Eni, Repsol, Total Energies, and World Energy. Of the 50 licenses, eight facilities are already in operation and more than 40 licensed plants are slated to be operational by 2030. The combined renewable fuel capacity of these plants when functioning to peak efficiency will exceed 500,000 barrels per day.

“The addition of Honeywell’s Ecofining process is essential for us to meet our goal of producing one billion liters of Renewable Diesel and Sustainable Aviation Kerosene (SAF) per year from 2026 onwards, which will make our company one of the largest biofuel producers in the world. Through our “fully sustainable” project: economically, socially, and environmentally responsible, we will show the world Brazil’s full capacity to produce the fuel of the future,” said Marcelo Cordaro, COO of Acelen Renewables.

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The announcement coincides with the COP28 United Nations Climate Change Conference taking place in Dubai. The growing participation in the program promises to greatly expand access to renewable energy in the semiconductor space. The first-of-its-kind program was first announced in July, with sponsors Intel and Applied Materials.

According to a recent study by the SEMI Semiconductor Climate Consortium, the semiconductor industry’s carbon footprint was equivalent to 500Mt of CO2 in 2021, with 16% coming from the supply chain. By transitioning suppliers onto lower-carbon sources of energy and supporting them in other decarbonization actions like electrification, the industry can make a significant impact on its overall Scope 3 emissions.

“We are delighted to welcome Google, ASM, and HP to the Catalyze program. Their decision to join supports the ambition to accelerate the decarbonization of supply chains,” said Jean-Pascal Tricoire, Chairman, of Schneider Electric. “Scope 3 emissions have proven a challenge to track and manage, but the Catalyze program enables companies and their suppliers to engage and collaborate in their energy transition and decarbonization.“

The Catalyze program strives to combine energy purchasing power across the semiconductor value chain to accelerate the deployment of renewable energy projects, provide suppliers with the opportunity to participate in the market for utility-scale power purchase agreements, enable any company that supplies to a Catalyze sponsor to join across the IT supply landscape, increase awareness of the availability of renewable energy in specific global regions where the semiconductor value chain is operational, and leverage numerous educational and digital technology platform engagements to drive measurable actions in supply chain decarbonization.

The growing participation in the Catalyze program promises to greatly expand access to renewable energy in the semiconductor space, to reduce the industry’s carbon footprint and overall Scope 3 emissions.

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ICIEC will contribute its credit and political risk insurance solutions to support the (co-)financing of renewable energy projects recommended by ETAF for the benefit of common member countries. The collaboration capitalizes on ICIEC’s expertise in credit and political risk insurance and its synergies with the broader reinsurance market.

The IsDB Group’s Chairman, H.E Dr. Muhammad Al Jasser, said, “The Bank’s membership and its pledge of USD 250 million for ETAF, as well as ICIEC’s membership, which is the credit and political risk insurance arm of the IsDB Group, reflect the Group’s resolve to accelerate climate finance and provide much-needed de-risking, which is key to attracting private capital to this domain in the economic South.“

IRENA Director-General Francesco La Camera said, “To achieve climate and development targets, we must acknowledge that financing approaches vary by region, each with unique needs and criteria. By partnering with ETAF, IsDB, and ICIEC are playing an important role in enhancing the platform’s inclusivity, expanding its available tools and resources, and enabling more effective project support to be tailored to the distinct needs of more developing countries.“

IsDB and ICIEC’s collaboration with IRENA reflects a shared commitment to addressing climate challenges, promoting sustainable energy practices, and contributing to the broader global agenda. The partnership is poised to unlock financial support for renewable energy initiatives across the IsDB member states.

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