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Powergrid awards over Rs 17 billion in fresh contracts and posts steady profit
Power Grid Corporation of India Limited (Powergrid) has issued several key project awards recently, with the latest set totalling over Rs 17 billion. These include notable contracts awarded to KEC International, VIKRAN Engineering, CG Power, and GE Vernova.  KEC International secures Rs 11.33 billion in T&D orders KEC International Limited has bagged fresh orders worth…
ACCIONA EnergÃa sells hydro portfolio to Endesa for €1 billion
ACCIONA EnergÃa has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric…
Advait Energy receives PLI award for alkaline electrolyser
Advait Energy Transitions (formerly Advait Infratec) has secured a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) under the Product Linked Incentive (PLI) scheme, part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) initiative (Tranche II). The company will establish a 200 MW manufacturing capacity for alkaline electrolysers in India….
Uttar Pradesh opens first green hydrogen plant in Gorakhpur
Uttar Pradesh Chief Minister Yogi Adityanath, on August 17, 2025, inaugurated the state’s first green hydrogen plant at Khanimpur village in Gorakhpur district. The facility, set up by Torrent Gas and Torrent Power, is the second of its kind in India. The project has been designed to produce 72,000 tonnes of green hydrogen annually. In…
AI giants see 150% rise in emissions amid data centre energy surge
Operational emissions from leading AI-focused tech companies have surged, according to a new report by the World Benchmarking Alliance (WBA) and the International Telecommunication Union (ITU). From 2020 to 2023, emissions rose by an average of 150%, driven by the high energy needs of data centres. Amazon recorded the steepest rise, with operational emissions increasing…
UltraTech Cement to source renewable energy from CleanMax SPV
UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV for Rs 457.6 million, entering agreements for energy supply, share subscription, and shareholder rights. The SPV will develop a 55 MW wind-solar hybrid…
