Adani Green Energy Limited (AGEL) has established a new wholly-owned subsidiary, Adani Hydro Energy Five Limited (AHE5L), through its subsidiary Adani Saur Urja (KA) Limited.
Incorporated on November 26, 2024, AHE5L is registered in Ahmedabad, Gujarat, with an authorized and paid-up capital of Rs 100,000.
AHE5L will generate, develop, transform, distribute, transmit, sell, and supply power through renewable energy sources, including wind and solar.
Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology. This initiative will focus on producing high-voltage DC (HVDC) contactors and relays, essential components for electric and hybrid vehicles (EVs and HEVs). Projected to generate Rs 2.5 billion in revenue by FY30, the facility aims to strengthen India’s EV supply chain by enabling domestic access to advanced technology. Sterling Tools…
India’s market regulator, the Securities and Exchange Board of India (SEBI), plans to expand its sustainable finance framework to include a wider range of ESG-labeled instruments, potentially enhancing the market for such products in Asia. SEBI is consulting on the introduction of social bonds, as well as sustainable and sustainability-linked bonds, to complement the existing suite of environmental, social, and governance (ESG) debt. The proposed changes also include incorporating eligible asset-backed securities and requiring independent…
The Maharashtra State Electricity Distribution Company (MSEDCL) has unveiled an ambitious plan to provide up to 100% solar-powered electricity to two villages in each district within the next two months. Manyachiwadi in Patan Taluka, Satara district, will be the first village to benefit, becoming a ‘solar village’ with maximum solar-powered electricity. Over 70 other villages across Maharashtra will follow, with a focus on rooftop solar power generation. The government will offer subsidies to help residents…
The 1.3GW Golden Plains wind farm, located in Rokewood, Victoria, has begun supplying renewable energy to the state’s electricity grid. As the largest wind farm in the southern hemisphere, it will generate 4,000 GWh annually, covering 9% of Victoria’s energy needs and powering 765,000 homes when fully operational. The project includes a 300MW battery to store surplus energy, ensuring reliable supply during peak demand. The wind farm’s construction created 700 jobs, with 70 permanent roles…
Apraava Energy has secured an interstate transmission project in Rajasthan through the tariff-based competitive bidding (TBCB) process. The project involves the construction of approximately 200 km of 400 kV and 765 kV transmission lines, along with a pooling station, to facilitate the evacuation of 5.5 GW of renewable energy from Rajasthan’s Renewable Energy Zone Phase IV. Located in the Jaisalmer and Barmer regions, the project will play a key role in India’s renewable energy goals….
Envision Wind Power Technologies India has secured a 116 MW wind turbine supply order from Blueleaf Energy for a co-located wind-solar hybrid power project in Madhya Pradesh. The project, set to begin construction in 2024 and complete by 2025, supports India’s renewable energy goals. The agreement involves the supply of EN-156 3.3 MW turbines. The project, part of Blueleaf Energy’s goal to deploy over 5 GW of renewable capacity in India by 2030, aims to…
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