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PFC incorporates SPV for Fatehgarh-II synchronous condenser project
Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle (SPV) has been formed for the installation of two Synchronous Condenser (SynCon) units at the 765/400/220 kV Fatehgarh-II…
NTPC targets Rs 5 trillion investment in green energy by 2030
NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL). To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and…
GAIL and Accelera partner for clean energy initiatives
GAIL (India) and Accelera by Cummins, the zero-emissions division of Cummins, have signed a memorandum of understanding (MoU) to collaborate on clean energy and energy transition technologies in India. The partnership was formalized during India Energy Week 2025 in New Delhi. The collaboration aims to integrate Accelera’s expertise in new energy solutions with GAIL’s natural…
Odisha clears 178 MW of new renewable energy projects
Odisha’s single window committee has approved fresh renewable energy proposals totalling 178 MW, with investments estimated at Rs 870 crore. In its twelfth meeting, the committee cleared multiple solar and wind projects submitted by the state’s renewable energy nodal agency. Prozeal Green Energy’s 69.5 MW solar facility in Subarnapur district and a 49.5 MW project…
Satvik Green Energy files for Rs 11.50 billion IPO to fund solar expansion
Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the…
Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds
The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles…
