Waaree Renewable Technologies Ltd. has received a term sheet to execute the Engineering, Procurement, and Construction (EPC) of a 2012.47 MWp DC ground-mounted solar photovoltaic project.
The project is valued at approximately Rs 12.33 billion, excluding levies.
Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares. The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
Rosa Power Supply Company, a subsidiary of Reliance Power, has achieved zero-debt status after prepaying Rs 13.18 billion to Singapore-based lender Varde Partners. The company initially paid Rs 8.33 billion in September, followed by the remaining Rs 4.85 billion to complete its debt repayment ahead of schedule. The loan, taken in 2022 for refinancing and cost reduction, has now been fully cleared. Reliance Power is concurrently enhancing its financial stability through a Rs 15.25 billion…
US-based LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities, which includes wind and solar assets across the US and Canada. The portfolio comprises 44 operating assets with more than 3GW of generating capacity, along with an 8GW pipeline of wind, solar, battery energy storage, and renewable natural gas projects in various stages of development. Most of the assets, around 2.7GW, are located in the US, with the remaining…
In the second quarter (Q2) of 2024, India commissioned 5 GW of solar capacity, a significant drop of over 49% compared to the 9.9 GW installed in Q1 2024. Despite this, the first half (1H) of 2024 saw a record 14.9 GW of solar projects added, a 282% increase compared to 1H 2023, according to Mercom India’s Q2 2024 Solar Market Update. The rise in capacity is attributed to the completion of several previously delayed…
The Energy Department in Karnataka has announced that residents can now delink their old Revenue Register (RR) number and link a new one to continue enjoying the benefits of the Gruha Jyoti scheme, which offers free electricity up to 200 units for domestic users. This update, marking the scheme’s first anniversary, ensures uninterrupted support for beneficiaries, even when they move to a new home. The Gruha Jyoti scheme is one of the five key promises…
The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. Key changes include the introduction of definitions for “Tariff Regulations, 2024” and “Terminal Bay.” Amendments to regulation 12 focus on handling transmission deviations for generating stations with dual connectivity to both inter-state and intra-state transmission systems. Regulation 13 proposes waivers for transmission charges for hydro pumped storage projects (PSP), energy storage systems (ESS),…