Solex Ties Up With GMEE, Wuxi Tidewinner To Expand Capacity By 800MW

Solex Energy Limited today announced signing of a Memorandum of Understanding (MoU) with GMEE Solar and Wuxi Tidewinner Industrial International Co., Ltd. This partnership will facilitate an 800 MW capacity expansion, enhancing Solex Energy’s existing 700 MW production capability to 1.5 GW by the end of the second quarter of FY 24-25. A release from […]

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GIPCL Invites Bids For EPC Package For 500 MW Solar Project

Gujarat Industries Power Company Limited (GIPCL) has issued a tender inviting bids for a 500 MW solar power plant across the state of Gujarat. The tender is regarding the GIPCL selection process for the appointment of a contractor for the EPC Package along with the power evacuation system up to the GETCO substation for the […]

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Waaree Renewable Technologies Expects A Likely Rise Of Orders From PSUs

Waaree Group’s EPC arm, Waaree Renewable Technologies Limited, is now anticipating a rise in opportunities for solar developers in India in the coming days. This is likely to see a transition of the order books of the developers, the top management opined in a recent investors call.  Dilip Panjwani, Chief Financial Officer (CFO) of Waaree […]

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Mahindra Susten Gets ‘Water Positive’ Certification

Mahindra Susten, a renewable Independent Power Producer (IPP) with in-house expertise in engineering, procurement, and construction (EPC), announced that it has been awarded the ‘Water Positive Verification’ certificate for its 100% operating portfolio for the assessment year FY23. The accreditation, granted by certification authority TUV India (TÜV NORD GROUP), recognized Susten’s commitment towards planet-positive initiatives and […]

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Sterling & Wilson Renewable Energy Raises INR 1,500 Cr via QIP Route

Sterling & Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of INR 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors, at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1 each […]

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Gensol Engineering Reports 24% Growth in PAT in H1 of FY24

Public-listed renewable company–Gensol Engineering Limited released its latest consolidated financial results for the first half of the year and quarter ending September 30, 2023. As per the financial statements of the firm, it reported an 88 percent increase in its revenue in the H1 of FY23 compared to the last H1 of FY23. Founded in […]

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Waaree Renewable Technologies Aims To Grow Its IPP Business

Waaree Renewable Technologies, the EPC arm of Waaree Group, claimed that it wants to boost its role as a renewable energy generator under the Independent Power Producer (IPP) category. The information was shared by Dilip Panjwani, Chief Financial Officer of the firm, in the latest investors’ call. Panjwani said the IPP business is ‘cash-intensive’ and […]

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Southern Power Announces Acquisition of 150 MW Solar Project from Qcells

A US based wholesale energy provider, Southern Power, has revealed that it is set to acquire its 30th solar project- the 150 MW South Cheyenne solar facility. The acquisition will be made from Qcells USA Corp. The firm is also offering EPC (engineering, procurement, construction) for the said project. It is also supplying solar modules […]

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Oriana Power Wins 29 MW Captive Open Access Solar Plant Project

Delhi-based Oriana Power Ltd, which provides renewable energy solutions, has won an order worth INR 100.2 crore. The project is for the establishment of a 29 MW captive open access solar power plant for a steel manufacturing firm based out of Karnataka. As per the terms of the agreement, Oriana Power will be responsible for […]

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