Adani Green Energy establishes new subsidiary for renewable energy projects
Author: PPD Team Date: November 26, 2024
Author: PPD Team Date: November 26, 2024
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.
Author: PPD Team Date: November 13, 2024 Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon…
Author: PPD Team Date: November 25, 2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City, Jeollanam-do Province. This project marks SRE Group’s debut in South Korea and its second international venture, following its expansion into Northern Kyushu, Japan. The South Korean government has granted an electricity…
Author: PPD Team Date: March 23, 2026 Tata Power’s long-idled Mundra thermal power plant is set to resume operations after the Gujarat cabinet approved a Supplementary Power Purchase Agreement for the facility. The company confirmed to stock exchanges on March 20 that the government order has been issued and that the formal agreement with Gujarat Urja Vikas Nigam Limited will be signed once the remaining regulatory clearances are in place. The Mundra plant, one of…
Author: PPD Team Date: November 14, 2024 Bureau Veritas has acquired Versatec Energy, a Netherlands-based technical advisory firm specializing in offshore and onshore energy. Financial terms of the acquisition remain undisclosed. This acquisition enhances Bureau Veritas’ expertise in technical compliance and industrial risk management within the energy sector, aligning with its LEAP | 28 strategy focused on renewables and low-carbon assets. The integration of Versatec Energy’s experience strengthens Bureau Veritas’ service offerings in oil and…
Author: PPD Team Date: September 18, 2025 Waaree Energies Limited plans to divest up to 6.1 million equity shares of Indosolar Limited, equal to 14.66 per cent of the company’s paid-up capital, through an Offer for Sale (OFS) on the stock exchanges. The share sale will be available to non-retail investors on September 18, 2025, and to retail investors on September 19, 2025. According to the filing with the Bombay Stock Exchange (BSE) and National…
Author: PPD Team Date: October 8, 2025 The Ministry of New and Renewable Energy (MNRE) has approved Rajasthan’s proposal to set up a 2,000 MWh battery energy storage system (BESS) with a four-hour discharge cycle. The project is designed to support the state’s high solar generation and growing evening power demand. The Energy Department had invited bids for the project to meet non-solar and peak-hour requirements. It will add to the 4,000 MWh of BESS…