Ocean Winds (OW) has signed a memorandum of understanding (MoU) with the Universidade Federal do Rio Grande do Norte (UFRN) to advance offshore wind capabilities in Brazil. The partnership will leverage OW’s global expertise in offshore wind, with 18.5 GW of total capacity, including 2 GW under construction and 1.5 GW operational, to enhance Brazil’s…
Lloyd Metals and Energy Limited is expanding its renewable energy portfolio. The company’s Board of Directors has approved signing a Share Subscription and Shareholders Agreement (SSSHA) with Hexa Climate Solutions Private Limited. Under this agreement, Lloyd Metals will invest Rs 120 million in Hexa Energy W2 Private Limited and Rs 100 million in Hexa Energy…
Power Machines (India) Limited has won a contract worth Rs 11.19 billion for electro-mechanical (E&M) works (Lot-III) of the Kwar Hydro Electric Project (HEP). Chenab Valley Power Projects Private Limited (CVPP) invited bids for the project in May 2024. The work is expected to be completed in 40 months. The Kwar HEP is a run-of-river…
The Central Government has laid the foundation stone for three hydroelectric projects (HEPs) in Himachal Pradesh. These projects are: Luhri Hydro Electric Project Stage I: This project involves constructing an 86 m high concrete gravity dam across the Satluj river near Nirath village. It will generate 210 MW of hydro power at an estimated cost…
BatteryPool, an Indian startup offering flexible, pay as you go battery access for electric vehicles, has raised Rs 8 crore in a Pre-Series A funding round. The investment was led by Inflection Point Ventures (IPV), with participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and several high net worth individuals. The company currently…
Power Finance Corporation Ltd (PFC) has announced the incorporation of SR and ER Power Transmission Limited as a wholly owned subsidiary of PFC Consulting Ltd, according to its stock exchange filing dated August 22, 2025. The special-purpose vehicle has been created for the development of the “Inter-Regional Strengthening between SR Grid and ER Grid” project….