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Adani Power establishes subsidiary in Abu Dhabi to expand in Middle East

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Adani Power has established a wholly-owned subsidiary, Adani Power Middle East, in Abu Dhabi. The new entity was incorporated on 26 August 2024 with an authorized capital of 27,000 shares, each valued at $1. This move is part of Adani Power’s strategy to invest in power, infrastructure, and related fields in the Middle East.

Adani Power, a part of the Adani Group, is India’s largest private thermal power producer. The company reported a 55.33% decline in consolidated net profit to Rs 39.13 billion in Q1 FY25, down from Rs 87.59 billion in Q1 FY24. However, revenue from operations increased by 35.89% year-on-year, reaching Rs 149.56 billion for the quarter ending 30 June 2024.

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IGREL Renewables raises Rs 3 billion, targets 2 GW renewable capacity by FY27

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Nigeria commits NGN500 billion to revitalise abandoned power projects

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Exicom acquires Tritium for USD 37 million

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Honeywell, Repsol partner to advance biofuels, recycling technologies

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Honeywell and Repsol are collaborating to develop and scale new technologies for producing biofuels and circular materials. The partnership will utilize Honeywell’s processes to convert waste materials like fats, oils, and biomass into renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel, at Repsol’s refineries. Repsol is also considering Honeywell’s UpCycle Process Technology to enhance plastic recycling capabilities, aiming to recycle up to 90% of waste plastics. This collaboration supports Repsol’s goal of achieving…

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Nordex secures order for 19 turbines for Québec wind project

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The Nordex Group has received an order to supply 19 N163/5.X wind turbines for an undisclosed wind farm in Québec, Canada.  Scheduled for delivery in summer 2026, the turbines will be mounted on 125-meter tubular steel towers and equipped with Nordex’s Advanced Anti-icing System, designed for cold climates to enhance performance during winter.  This order is part of Nordex’s efforts to support high electricity production in colder regions. The Nordex Group, with over 53 GW…

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