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Inox Wind secures 87 MW order from Continuum Green Energy

India, News

Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking its highest level to date.  …

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Inox Wind reports Rs 902.2 million profit in Q2 FY24, income up 93%

India, News

Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year.  Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.

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Inox Wind wins 550 MW wind project from IGREL Renewables

India, News

Inox Wind (IWL) has received a letter of intent (LoI) from IGREL Renewables to execute 550 MW of wind capacity on a turnkey basis. The project, to be completed within 24 months, will cover multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. IWL will handle the supply, installation, and commissioning of wind turbine generators (WTGs), along with providing multi-year operations and maintenance (O&M) services post-commissioning. This latest order adds to a previous 200 MW order,…

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Inox Wind secures 51 MW order from Everrenew Energy

India, News

Inox Wind has secured a 51 MW order from Everrenew Energy for the supply of its latest 3 MW wind turbine generators (WTGs). The project, which will be executed in Tamil Nadu, also includes multi-year operations and maintenance (O&M) services provided by Inox Wind after commissioning. This partnership aims to support Everrenew Energy’s commitment to driving renewable energy adoption in the commercial and industrial (C&I) segment, aiding companies in their energy transition efforts.

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Inox Wind secures 201 MW order from Integrum Energy Infrastructure

India, News

Wind energy solutions provider Inox Wind has secured an order for a 201 MW project from Integrum Energy Infrastructure Ltd. The order includes the supply of Inox Wind’s latest 3 MW Wind Turbine Generators (WTGs) and multi-year operations and maintenance (O&M) services post-commissioning. The project will span four states: Madhya Pradesh, Rajasthan, Karnataka, and Maharashtra. Integrum Energy Infrastructure, established by pioneers in the commercial and industrial (C&I) energy supply market in India, is dedicated to…

Power Sector News Roundup for November 12, 2024

Power Bytes

Global: ACCA report warns of inadequate climate preparedness among businesses. EnBW to install a 100 MW battery storage system in Marbach, Germany. ScottishPower signs £1 billion deal with Siemens Gamesa for East Anglia 2 offshore wind farm. Entrion Wind secures US patent for FRP monopile technology. SPPC awards 7.2 GW power project contracts under Saudi Vision 2030. Energy Vault to build a 57 MW battery storage project in Texas. Nexans to sell AmerCable to Mattr…

Power Sector News Roundup for November 8, 2024

Power Bytes

Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

Key Power Sector News Roundup for September 19, 2024

Power Bytes

Union Cabinet Approves Rs 91.97 Billion Bio-RIDE SchemeIndia’s Union Cabinet has greenlit the Bio-RIDE initiative to drive biotechnology and biomanufacturing innovation with a budget of Rs 91.97 billion. The scheme aims to boost India’s bioeconomy, particularly in healthcare, agriculture, and clean energy sectors. Inox Wind Secures 550 MW Wind ProjectInox Wind has won a 550 MW wind project from IGREL Renewables, expanding its order book to over 3.5 GW. The project will be developed across…

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RESCO receives board approval to raise Rs 3.5 million in equity capital

India, News

Resco Global Wind Services Private Limited (RESCO), a wholly-owned subsidiary of Inox Wind Limited, has received board approval to raise up to Rs 3.5 million in equity capital. The funds will be raised by issuing equity shares on a preferential basis through private placement to non-promoter investors. This move is subject to shareholder approval and adherence to applicable laws and regulations.

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Sunsure Energy secures Rs 100 billion debt financing from REC

India, News

Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the…