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TPG to acquire majority stake in Siemens Gamesa’s wind business in India

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TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity strategy launched with ALTÉRRA to scale climate solutions. MAVCO Investments will also take a significant minority stake, while Siemens Gamesa…

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AMPIN Energy secures $50 million investment from Siemens

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AMPIN Energy Transition has secured a $50 million equity investment from Siemens Financial Services, the financing arm of Siemens AG.  The funding will support AMPIN’s expansion in commercial and industrial (C&I) and utility-scale renewable energy projects, along with its broader energy transition initiatives. Beyond financial backing, the partnership provides AMPIN access to Siemens’ energy technology expertise, advanced solutions, and global best practices. This strategic collaboration is expected to enhance AMPIN’s capabilities in renewable energy deployment….

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Syngene increases stake in O2 Renewable Energy

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Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power requirements under the Electricity Act. The investment supports O2 Renewable Energy’s 201.2 MW wind-solar hybrid power plant in Kudligi Taluk, Bellary District, Karnataka. Syngene invested Rs 65 million through equity shares and compulsory convertible debentures as part of the transaction. O2…

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Diamond Power secures Rs 2.17 billion contracts for Gujarat energy projects

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Diamond Power Infrastructure Limited has received multiple Letters of Intent (LoIs) for transmission and cable supply projects in Gujarat. The company secured an LoI worth Rs 231.68 million for the 220 kV D/C Maglana – Pachham line (80.01 km) under the Gujarat Green Energy Corridor-II. The project, awarded by Gujarat Energy Transmission Corporation Limited (GETCO), is expected to be completed by August 2025. GETCO is implementing the Rs 36.67 billion Green Energy Corridor-II scheme to…

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BAJEL Projects secures transmission line contract for Bhopal Metro

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BAJEL Projects Limited (formerly Bajaj Electricals Limited) has received a Notification of Award (NoA) from Madhya Pradesh Power Transmission Company Limited (MPPTCL) for the construction of overhead and underground transmission lines in Bhopal.  The project, awarded on March 25, 2025, involves power supply infrastructure for the Bhopal Metro Rail Project. The scope includes the supply and construction of 132 kV double-circuit double-string (DCDS) transmission lines from 220 kV S/s Bairagarh to RSS Karond and 220…

Power Sector News Roundup for March 27, 2025

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India: Kalpataru Projects secures Rs 23.66 billion in new orders NHPC completes trial of Unit 2 at Parbati-II hydro project CIL and GAIL form JV for coal-to-SNG project in Eastern Coalfields K2 Infragen wins 67.61 MWp contract at Khavda Solar Project Waaree Renewable secures EPC contract for Neemuch solar project NTPC commissions full 470 MW solar project in Rajasthan