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MCX gets SEBI nod to launch electricity derivatives contracts
The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong…
DRDO and SECI to develop 300 MW solar projects across India
The Defence Research and Development Organisation (DRDO) has signed a Memorandum of Understanding with the Solar Energy Corporation of India (SECI) to jointly develop 300 MW of solar-based renewable energy projects. The projects will be set up across DRDO facilities nationwide. The collaboration aims to make all DRDO campuses in strategic locations net zero by…
Waaree Energies to acquire 100% stake in Enel Green Power India
Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760…
Mission 300 Initiative secures over $8bn in funding
The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters. The summit was hosted by the United Republic of…
National Grid Renewables begins construction of 100MW Apple River Solar project
National Grid Renewables has started construction on the 100MW Apple River Solar project in Polk County, Wisconsin. Scheduled to commence operations in late 2025, the project will generate clean energy sufficient to power approximately 26,000 homes annually. The solar farm will use First Solar Series 6 Plus bifacial modules. Construction is being handled by The…
Suzlon secures 201.6 MW wind project contract in Madhya Pradesh
Suzlon Energy Limited (SEL) has won a contract from Oyster Renewable Energy Private Limited (OREPL) for the supply, erection, and commissioning of 64 S144 Wind Turbine Generators (WTGs) with Hybrid Lattice Tubular (HLT) towers. Each turbine has a rated capacity of 3.15 MW, contributing to a 201.6 MW wind power project in Madhya Pradesh. The…
