Similar Posts
KEI Industries approves Rs 20 billion QIP proposal
KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder and regulatory approvals. A “Fund Raising Committee” has been formed to finalize the QIP’s terms and conditions. In its financial results for H1FY25 (April to September), KEI Industries reported: Domestic institutional sales of wire and cable…
Cadeler secures turbine installation contract for UK’s EA 2 wind farm
Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK. The contract value for Cadeler ranges between €360 million ($387 million) and €382 million. ScottishPower Renewables is developing the EA2 project off the coast of East Anglia, with offshore operations slated for 2027. Cadeler will deploy…
India’s renewable energy capacity grows 165% in a decade, reaching 203 GW
India’s installed renewable energy capacity has surged by 165% over the past ten years, increasing from 76 GW in 2014 to 203 GW in 2024, according to New and Renewable Energy Minister Pralhad Joshi. Addressing the Rajya Sabha, Joshi highlighted India’s position as the fourth-largest globally in renewable energy capacity and noted an investment of approximately Rs 7 trillion in renewable projects during this period. The Union Budget 2024-25 allocated over Rs 210 billion to…
MNRE increases ALMM solar module capacity by 2 GW
The Ministry of New and Renewable Energy (MNRE) has increased the solar module capacity on the Approved List of Models and Manufacturers (ALMM) by 2,084 MW, bringing the total to 56.5 GW. New entrants include Junna Solar System (94 MW), Sun N Sand Exim (69 MW), and Powertrac Solar Projects (47 MW). Waaree Energies, RenewSys India, and Goldi Solar expanded their capacities by 1,144 MW, 495 MW, and 235 MW, respectively. Sunbond Energy, with a…
Germany to bury nuclear waste but toxic dispute unresolved
In Salzgitter, Germany, an old iron ore mine is being transformed into the Konrad repository, a facility to house Germany’s radioactive waste. The site, situated a kilometre underground, is projected to store over 300,000 cubic meters of low- and intermediate-level waste from shuttered nuclear plants. Engineers aim to encase waste in concrete to prevent radiation release, ensuring long-term containment. Set to open in the early 2030s, Konrad represents Germany’s sole approved nuclear waste storage location,…
Waaree Renewable secures EPC contract for 3.4 MW solar project
Waaree Renewable Technologies (WAAREERTL) has received a letter of award (LoA) for the execution of engineering, procurement, and construction (EPC) works for a ground-mounted solar power project. The company will develop the project with a capacity of 3.40 MW DC/2.77 MW AC on a turnkey basis, handling all aspects from start to finish.