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Avaada Group secures Rs 85 billion financing for nine RE projects
Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across various sectors, including utility-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, merchant power generation projects, commercial and industrial (C&I) solar projects, and solar module manufacturing facilities. The financing was secured through multiple transactions with a range of lenders, including…
Nexans divests AmerCable to Mattr for $280 million
French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million. The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments. The agreement, finalized in November 2024, values AmerCable at around five times…
JSW Energy raises Rs 250 crore through issue of unsecured NCDs
JSW Energy Limited has completed the allotment of Rs 250 crore in unsecured, listed Non-Convertible Debentures (NCDs). The Finance Committee approved the issuance on November 12, 2025, as part of a board-approved plan to raise up to Rs 3,000 crore. The issue includes 25,000 debentures with a face value of Rs 1,00,000 each. The NCDs…
SWREL wins Rs 3,550 crore solar EPC orders, including Coal India project
Sterling and Wilson Renewable Energy Limited (SWREL) has secured new domestic orders worth about Rs 3,550 crore, led by a large solar EPC package from Coal India Limited. The company said it has been declared the lowest bidder (L1) for a turnkey engineering, procurement, and construction (EPC) contract for an 875 MW AC grid-connected solar…
Zelestra India rebrands to Resolven to scale renewable platform
Zelestra India has announced its rebranding to Resolven, indicating a strategic shift toward building an execution-focused renewable energy platform designed for multi-gigawatt scale in India. The transition is supported by EQT, a global investment firm, as the company moves into its next growth phase. The company said the rebranding reflects its transition into a two-year…
Waaree Energies secures 1 GW solar PV module supply order
Waaree Energies Limited has secured a 1 GW solar photovoltaic (PV) modules supply order from an Indian renewable energy company. The customer is engaged in owning, developing, and operating renewable power projects across India. The supply of these modules is planned for delivery during the financial years 2024-25 and 2025-26.
