Adani Energy Solutions Limited (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL), with an initial share capital of USD 27,000, divided into 27,000 shares at USD 1 per share.
AESL holds 100% ownership of AESGL, which aims to explore new business opportunities in transmission projects outside India.
Nordex Group has received orders for wind turbines totalling 500 MW for undisclosed projects in Canada, scheduled for delivery in 2025 and 2026. The orders include 74 N163 turbines, each equipped with the Nordex Advanced Anti-Icing System to ensure high performance during Canada’s harsh winters. The company also secured long-term service agreements ranging from 15 to 30 years. Nordex has previously sold nearly 1.2GW of turbines across Canada and brings its expertise in cold climate…
Octopus Energy Generation has fully acquired UK-based renewables and energy storage developer Exagen Group from its founder, Jeremy Littman. Exagen’s development pipeline includes over 2.4GW of solar and energy storage projects across England. This acquisition will accelerate the execution of these projects, furthering the UK’s renewable energy goals. Littman expressed pride in the progress made by Exagen, highlighting the company’s mission to fight climate change. Octopus had initially invested in Exagen with a 24% stake…
Westinghouse Electric has extended its front-end engineering and design contract with Bulgaria’s Kozloduy NPP-Newbuild for the construction of two AP1000 reactors at the Kozloduy nuclear power plant (NPP). The partnership, which began in June 2023, focuses on evaluating Kozloduy’s infrastructure for deploying the AP1000 reactors. Following this phase, the project will move to engineering services, including design, licensing, training, project management, and site planning in preparation for construction. In early 2024, Westinghouse delivered the first…
EDF Renewables has completed the acquisition of Shell Overseas Holdings’ shares in West Sea Energy 1, entering South Korea’s offshore wind sector. West Sea Energy 1 focuses on developing a high-power offshore wind project with a maximum capacity of 1.5 GW, the first offshore wind facility owned by EDF Renewables in South Korea. This acquisition aligns with EDF Renewables’ strategic goals to expand its presence in the Asia-Pacific region, with plans to secure an electricity…
Larsen & Toubro’s (L&T) Energy CarbonLite Solutions division has received a ‘Limited Notice to Proceed’ (LNTP) from NTPC to develop thermal power plants valued at over Rs 150 billion. The contract includes main plant packages for a 2×800 MW Stage-II thermal power plant in Gadarwara, Madhya Pradesh, and a 3×800 MW Stage-II thermal power plant in Nabinagar, Bihar. The project scope encompasses the design, engineering, manufacturing, supply, erection, and commissioning of boilers, turbines, electrostatic precipitators…
Serentica Renewables, a subsidiary of Vedanta Group, is planning to expand its capacity, aiming to add nearly 2 GW in FY25 with a capital expenditure target of Rs 150 billion. The company currently has 4 GW under construction and plans to sign power purchase agreements (PPAs) for an additional 4 GW within the next two quarters. Serentica is also seeking partnerships for an energy storage project and has intentions to enter the green hydrogen sector…
Stay informed on power sector updates. Subscribe here.