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BASF India signs agreement for hybrid captive renewable project in Gujarat
BASF India Limited has signed a share purchase agreement with Clean Max Enviro Energy Solutions Limited to source renewable power from a hybrid solar and wind project in Jamnagar, Gujarat. The arrangement follows the captive power generation model. The plan is to build a 12.21 MW hybrid project that will supply clean energy to BASF…
Supreme Court affirms state regulators’ role in setting power tariffs
The Supreme Court has ruled that electricity tariffs under the Electricity Act, 2003 must be fixed by the relevant State Electricity Regulatory Commission, not through private arrangements between distribution companies and project developers. The judgment concludes a prolonged dispute between Gujarat Urja Vikas Nigam Limited (GUVNL) and several wind energy firms over tariffs in their…
Fox Squirrel Solar project reaches full operational status in Ohio
The 577MW Fox Squirrel Solar project in Madison County, Ohio, has reached full operational status. Developed by EDF Renewables and co-owned with Enbridge, the facility is one of the largest utility-scale solar developments east of the Mississippi River. The project features 1.4 million solar panels and 159 inverters. The energy produced is supplied to Amazon…
NTPC to commission Unit-III of North Karanpura power project by March 2025
NTPC Limited plans to commission Unit-III of the North Karanpura (Pakri Barwadih) Power Project by March 2025. The project, located near Tandwa town in Chatra district, Jharkhand, involves three units of 660 MW each and is being developed at an investment of Rs 151.64 billion. Bharat Heavy Electricals Limited (BHEL) is the engineering, procurement, and…
Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round
Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion. Initially, the company planned to raise Rs 6 billion, as per the draft red herring prospectus (DRHP) filed with SEBI in September. The IPO includes Rs…
EIB provides €243m green loan to ERG Group for renewable projects
The European Investment Bank (EIB) has committed €243m ($255m) to finance renewable energy projects by wind and solar operator ERG Group. The funding will advance renewable energy development across Italy, France, and Germany, aligning with EU energy targets and national climate plans. The EIB’s green loan supports ERG’s 2024–2026 Business Plan, which focuses on expanding…
