Home » Daily Newsletter » ReNew Signs Contract To Sell 300 MW Solar Project With $199mn Valuation
Indian renewable energy company ReNew today announced that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan – ReNew Solar Urja Private Limited - for a total enterprise value of $199 million. The transaction...
Airtel Business – the B2B arm of Bharti Airtel, an Indian telecommunications service provider – today announced that it will power over 20 million smart meters for Adani Energy Solutions Limited (AESL). Airtel, through its nationwide communications network, will deliver reliable and secure connectivity for...
Premier Energies, an Indian integrated solar cell and module manufacturer, has been awarded a 608-megawatt (MW) DCR (Indigenous Solar Cell and Module) Bifacial Solar PV Modules supply order from NTPC Limited, a public sector undertaking owned by the Government of India. NTPC is India's largest...
The renowned milk product brand, 'Gokul Dairy,' also known as Kolhapur Zilla Dudh Utpadak Sangh, is slated to establish a solar power generation plant in the Solapur district of Maharashtra. In December, Gokul acquired 18 acres of land from the solar park in Karmala Tehsil,...
Jakson Infra, an energy transition platform backed by the Infrastructure and Renewables powerhouse, Jakson Group recently claimed to reach another milestone. The company mentioned that it has successfully commissioned a 500MVA 400/220 power connection with interconnecting Transformer (ICT-1) and its associated bays at the Power...
Indian wind energy solutions company Inox Wind Limited (IWL) today announced receiving a Letter of Intent (LoI) for executing a 50 MW ISTS (Inter-State Transmission System)-connected wind power project on a turnkey basis from NLC India Limited. NLC India is a Central Public Sector Utility (CPSU). As...
The World Bank's private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing...
Global solar tracking company Arctech announced that its SkyWings single-axis solar trackers have enabled the on-schedule grid connection of the first 400 MW phase of China Energy Engineering Group's (CEEC) 1GW solar project in Uzbekistan. The country reportedly utilized 97 percent of its renewable energy potential. Uzbekistan is spearheading an...
Global renewable energy player Qcells will supply tech giant Microsoft with 12 – G.W. of solar modules and EPC services over an 8-year period. This is Qcells’ largest module and engineering, procurement and construction (EPC) services agreement to date. The order is equivalent to powering...
The race to be the largest continues in the Wind Turbine sector, where offshore wind has seemingly opened up a canvas of unlimited proportions for manufacturers. From size to ability to withstand high wind speeds, the race is truly on to conquer the high seas....
The Bundesnetzagentur, a German energy regulatory office in its preliminary figures on growth in renewable capacity in 2023, found an increase in Renewable Energy (RE) installed capacity by 17 gigawatts (GW). This represents a year-on-year (YoY) increase of 12%. The increase is mainly accounted for by...
A.P. Moller - Maersk, an integrated logistics company entered into partnership with Tamil Nadu. Maersk will explore investment opportunities in land development for logistics hubs, warehousing facilities and deployment of electric trucks for distribution network in a bid to enable the Indian state’s growing trade. "We...
Ernest and Young (EY), in its latest report, said that the green energy industries and electric vehicles could prove to be triggering factors, driving India's total GDP growth by 2047-48. The report states that this can also pave the way for India's transition to a developed...
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