L&T incorporates offshore wind subsidiary in the Netherlands
Author: PPD Team Date: February 11, 2026
Author: PPD Team Date: February 11, 2026
Larsen & Toubro Limited (L&T) announced on February 10, 2026, that it has incorporated a new wholly owned subsidiary in the Netherlands, named L&T Energy Offshore Wind B.V. The entity has been registered with the Dutch Trade Register and is set up to operate in the offshore wind energy segment.
The subsidiary has been incorporated with an initial issued share capital of 1 EURO, fully subscribed by L&T. In regulatory filings to the BSE and the National Stock Exchange of India, the company stated that the subsidiary has not yet commenced operations and has no turnover.
L&T said the subsidiary has been established to support its clean energy strategy and will focus on offshore wind projects. The company will provide turnkey Engineering, Procurement, Construction, Transportation, Installation, and Commissioning (EPCIC) services, with a focus on offshore High Voltage Alternating Current and High Voltage Direct Current (HVAC/HVDC) substations and Wind Turbine Generator (WTG) foundations, including fixed and floating structures.
The disclosure clarified that the incorporation does not constitute a related party transaction other than the parent-subsidiary relationship and does not require any government or regulatory approvals.
The featured photograph is for representation only.
Author: PPD Team Date: December 19, 2024 Federal Bank has partnered with Ecofy, a green-focused NBFC backed by Eversource Capital, to offer financing solutions for MSMEs investing in rooftop solar installations. The program targets financing 3,600 kW of rooftop solar annually, focusing on installations in the 20-200 kW range, a segment often underserved by lenders. This initiative is expected to reduce over 2,500 tonnes of carbon emissions each year while addressing MSMEs’ financial barriers. Federal…
Author: PPD Team Date: November 8, 2024 Électricité de France (EDF) is negotiating with three suppliers to secure power for its planned 1 GW data centre projects in France, with a focus on nuclear energy as a clean power source for tech firms amid the rising energy demands driven by AI. EDF executive director Marc Benayoun confirmed the ongoing discussions but withheld details on the companies involved, noting that site selection for the projects is…
Author: PPD Team Date: April 7, 2025 Power Grid Corporation of India Limited (Powergrid) has received approval to raise up to Rs 60 billion through its 81st bond issue via private placement. The decision was cleared by the company’s Committee of Directors for Bonds on April 4, 2025. The bonds—named POWERGRID Bonds–LXXXI (81st Issue) 2025–26—will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. The total issue includes a base size of Rs 15 billion and a…
Author: PPD Team Date: November 7, 2024 Cubico Sustainable Investments has announced Scout Moor II, a proposed 100 MW onshore wind project in England, situated near the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale. With planning approval, Scout Moor II could begin operations by 2030, delivering renewable electricity to over 100,000 homes and covering around 10 per cent of Greater Manchester’s residential energy needs. Cubico also plans to create a Community Wealth…
Author: PPD Team Date: December 5, 2024 Greenzo Energy India (GEIL) will collaborate with France’s EODev to introduce hydrogen fuel cell power generators in India. Under the 20-year partnership, GEIL will distribute EODev’s zero-emission generators, provide maintenance services, and locally assemble EODev products. GEIL will also serve as an original equipment manufacturer (OEM) and strategic partner for EODev. The alliance will bring Toyota’s hydrogen fuel cell technology to South Asia. These generators convert hydrogen into…
Author: PPD Team Date: November 6, 2024 The Canadian government has introduced draft regulations to cap oil and gas sector emissions 35% below 2019 levels by 2030, sparking backlash from industry leaders who argue it could lead to reduced production. Environment Minister Steven Guilbeault emphasized the cap targets pollution, urging companies to use their record profits from 2022, which totalled C$66.6 billion, for decarbonization. The regulations propose a cap-and-trade system rewarding low-emission producers and imposing…