Non-bank lender Vivriti Capital has secured USD 25 million from the Asian Development Bank (ADB) to support climate finance initiatives.
The senior secured debt facility has a four-year tenor and represents the first certified climate bond issuance by a private-sector non-banking financial company (NBFC) in India, according to an official statement.
Origin Energy has canceled its 74 MW Carisbrook and 130 MW Morgan solar projects, citing anticipated low returns on investment. The decision was revealed in the company’s recent sustainability report, where Origin stated that unfavorable conditions led to the scrapping of these developments. Despite these cancellations, Origin continues to pursue other large-scale renewable energy projects, including the Sailsbury Solar Farm, Dapper Solar Farm, and the Yanco and Yarrabee solar projects. The company remains committed to…
Taiwanese electronics giant Foxconn is planning to establish a Battery Energy Storage System (BESS) unit in India, according to Chairman Young Liu. With a focus on the electric vehicle (EV) sector, Foxconn is expanding its battery manufacturing business, having already set up its first plant in Taiwan. Liu mentioned that Foxconn’s information and communication technology segment has recently started operations in India. He also revealed discussions with Tamil Nadu’s industry minister regarding collaboration on BESS…
Regreen-Excel EPC India Limited has filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The company plans to issue fresh equity shares worth Rs 3.5 billion, alongside an offer-for-sale of 11.4 million shares by the promoters. The capital raised will be used to repay debt, secure bank guarantees, and for general corporate purposes. Regreen-Excel, an ethanol plant manufacturer, has completed 113 projects in the last two months since its inception…
Amperon, an AI-powered electricity forecasting and analytics services provider in USA, has launched Asset-Level Renewable Generation Forecasts. This service enables renewable energy producers and utilities to view solar generation forecasts at individual site and aggregate levels for improved portfolio management. Each hour’s forecast accuracy is calculated based on the asset’s nameplate capacity, enhancing transparency and accountability. The forecasts provide 15-day solar predictions updated hourly and sub-hourly at 5-minute intervals, helping reduce financial losses from over-scheduling…
Megha Engineering & Infrastructures Ltd (MEIL) has committed an investment of Rs 210 billion to develop two pumped storage hydro projects in Maharashtra, with a combined capacity of 4,000 MW. The projects include the Kamod pumped storage project in Nandurbar and the Ghosla pumped storage project in Chhatrapati Sambhajinagar, both to be executed under the build-operate-maintain (BOM) model. The MoU for these projects was signed with the Water Resources Department (WRD), Maharashtra, in the presence…
Silicon Ranch, a leading independent power producer specializing in solar energy and related technologies, has announced that its 58-megawatt (MWAC) Scotford Solar Farm near Edmonton, Alberta, has reached commercial operation. This facility is the largest behind-the-meter solar project in Canada and will supply Shell’s Energy and Chemicals Park, Scotford with renewable energy, meeting approximately 20% of the refinery’s energy needs for the next 25 years and providing 100% of its electricity needs at peak capacity….
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