Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024.
The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Delhi Environment Minister Gopal Rai unveiled a draft of a new environmental policy, aiming to combat the effects of climate change through various initiatives. The plan includes creating an “environment health cell” to tackle diseases linked to climate change, expanding solar power generation, and developing waste-to-energy plants. The draft action plan, which will be submitted to the Centre in the next two weeks, highlights a vulnerability assessment showing high vulnerability in Northeast, East, and South…
US-based SEG Solar has started constructing a 5GW integrated photovoltaic (PV) industrial park in Central Java, Indonesia, marking a key step in its Southeast Asia expansion. This will be the largest vertically integrated PV facility in Indonesia, covering the full production process from silicon ingots to solar modules. The first phase, set for completion by Q2 2025, includes ten N-type cell production lines. SEG Solar will collaborate with suppliers to build a robust PV ecosystem….
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
China’s Politburo, the top decision-making body of the Communist Party, has endorsed a strategy to boost the economy by increasing consumer spending and eliminating inefficient companies. It warned of challenges ahead, possibly related to global uncertainties before the U.S. presidential election. Key measures include restoring financial market confidence and increasing government spending. The central bank has lowered interest rates, and the government has doubled subsidies for electric vehicles to drive growth and reduce reliance on…
Union Minister Jitendra Singh stated that bio-manufacturing will shape the future of the global economy, and India, with its abundant bio-resources, is well-positioned to lead this revolution. Singh emphasized that, while the West led the IT revolution, India has the potential to spearhead the next big shift in bio-manufacturing. Singh pointed out that bio-manufacturing offers solutions to global challenges such as climate change, resource depletion, waste generation, and pollution. It can help meet the increasing…
Convergence Energy Services Limited (CESL) has launched a tender to establish and maintain EV charging stations at seven locations within the Municipal Corporation of Faridabad, Haryana. Bids are due by October 30, 2024, with an opening on the same day. The tender requires a Rs 15,000 document fee and an earnest money deposit of Rs 212,000. The project is expected to complete within four months of award issuance or no-objection certification. Successful bidders will implement…