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INOX India bags contract for UK’s first liquid air energy storage facility
INOX India Ltd (INOXCVA) has secured a major contract with Highview Power for its Liquid Air Energy Storage (LAES) project in Carrington, Manchester. As part of the deal, INOXCVA will deliver five high-pressure, 690kl vacuum-insulated cryogenic tanks, the largest of their kind ever fabricated by the company. This contract strengthens INOXCVA’s foothold in the global…
PFC, Gensol, KPIL report income growth in Q3 FY25
Power Finance Corporation Limited (PFC) reported a net profit of Rs 77.6 billion for the quarter ending December 2024, marking a 23.29 per cent increase from Rs 62.94 billion in the same quarter last year. The company’s total income grew by 13.69 per cent to Rs 268.22 billion from Rs 235.93 billion in the corresponding…
India rejects $300 billion climate finance deal at COP29 as “unfair” and “stage-managed”
India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan. India argued the package is inadequate compared to the $1.3 trillion annually that the Global South has demanded to combat climate change impacts and transition to…
G R Infraprojects wins bid for Karnataka Bijapur REZ project
G R Infraprojects Limited has received a Letter of Intent (LoI) for the Transmission Scheme to integrate the Bijapur Renewable Energy Zone (REZ) in Karnataka. The project was awarded through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. The work is scheduled for completion by December 12, 2026….
Feston SEV plans 3 GWh BESS capacity, enters storage segment
Feston SEV Private Limited, the solar inverter and power electronics arm of FestGroup, has entered the Battery Energy Storage System (BESS) segment, expanding its portfolio to include solar generation, storage, and power electronics. The company has outlined a target annual production capacity of 3 GWh for its BESS operations. Its product range will cover systems…
IREDA to raise Rs 50 billion via QIP
The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as…
