Adani Energy Solutions Limited (AESL) established Adani Energy Solutions Step-Eleven Limited (AESSEL), a special purpose vehicle (SPV), on December 17, 2024.
The SPV will focus on transmission, distribution, power supply, and other infrastructure services.
Fourth Partner Energy Private Limited has signed an agreement to supply 28 MW from a wind-solar hybrid project in Tamil Nadu to Hyundai Motor Group. The deal expands an existing relationship that began with rooftop solar installations and has since evolved into a broader decarbonisation programme. The arrangement covers multiple Hyundai group entities, including Hyundai…
Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to…
Saatvik Green Energy Private Limited has secured a supply order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to provide solar-powered submersible pumps at 250 locations across Maharashtra. The pumps, ranging from 3 horsepower (HP) to 7.5 HP, aim to enhance water accessibility and support irrigation needs, contributing to sustainable agricultural practices in the region.
Epic Energy Limited has entered into a technical collaboration with REFNIC, a brand operated by Zetrance Technology, to set up lithium ion battery recycling and second life application facilities. The project will be implemented through Epic Energy’s special purpose vehicle, Swachchha Urja Nirman LLP (SUN LLP). Under the arrangement, REFNIC will act as the technical…
A new framework to accelerate pumped storage hydropower has received support from more than 55 governments and international organisations. The move aims to strengthen clean energy systems globally. The Global Alliance for Pumped Storage (GAPS), which was created at COP29 in Baku, confirmed the adoption of its governing Principles at the International Forum on Pumped…
ACME Solar Holdings Limited has arranged Rs 1,100 crore for refinancing debt for a 300 MW renewable energy project in Rajasthan and lowering borrowing costs by about 100 basis points. The project has been operational for six months and has maintained stable capacity utilisation factor (CUF) levels during this period. The refinancing has been arranged…