Adani Energy Solutions Limited (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL), with an initial share capital of USD 27,000, divided into 27,000 shares at USD 1 per share.
AESL holds 100% ownership of AESGL, which aims to explore new business opportunities in transmission projects outside India.
The Central Electricity Regulatory Commission (CERC) has awarded a transmission licence to Powergrid Ananthpuram Kurnool Transmission Ltd (PAKTL) for an interstate transmission system (ISTS) project, to be executed under the regulatory tariff mechanism (RTM) mode. The project, estimated to cost Rs 456.4 million, is set for completion by March 31, 2026, and involves the establishment of three 400kV line bays at the upcoming Ananthpuram Pooling Station in Andhra Pradesh. Two of the line bays will…
AMEA Power has announced plans to invest USD 800 million to develop Egypt’s largest solar photovoltaic (PV) plant and first utility-scale battery energy storage systems (BESS). The project, located in the Benban area of Aswan Governorate, will feature a 1,000 MW solar PV power plant alongside a 600 MWh BESS. Additionally, AMEA Power is constructing a 500 MW Abydos solar PV plant in Kom Ombo, Aswan Governorate, which will include a 300 MWh BESS. The…
The Gujarat Electricity Regulatory Commission (GERC) has established a levelised tariff of Rs 2.84 per kWh for wind power projects with a capacity of less than 10 MW, commissioned between June 6, 2022, and March 31, 2027. These projects will have a lifespan of 25 years, with a depreciation rate of 60% in the first year, followed by 4.67% per annum for the first 15 years, and 2% annually from the sixteenth to the twenty-fifth…
Gensol Engineering Limited has won a Rs 7.8 billion turnkey engineering, procurement, and construction (EPC) contract from a major public sector utility in Maharashtra for a 150 MW ground-mounted solar PV plant. The project, slated for completion within 15 months, covers land acquisition, design, engineering, procurement, manufacturing, installation, testing, and commissioning, alongside infrastructure development to connect to the STU substation. The contract also includes three years of operation and maintenance for the plant, covering switchyard…
ACCIONA Energía has acquired two wind farms in Texas, Green Pastures I and Green Pastures II, each with a capacity of 150 MW. Located in Baylor and Knox Counties, these fully operational projects were acquired from private asset management firms for $202.5 million, boosting ACCIONA’s total installed capacity in the US. The two wind farms are integrated into the Electric Reliability Council of Texas (ERCOT) grid, which handles 90% of Texas’s electricity. Together, they will…
Kirloskar Solar has appointed Kochi-based GSL Energy Solutions as its exclusive project partner for six districts in Kerala. This partnership aims to develop solar projects totaling 5 MW, valued at around Rs 20 million, during the 2024-25 period. The collaboration will focus on driving commercial and residential solar projects across Ernakulam, Kottayam, Idukki, Pathanamthitta, Alappuzha, and Kollam. Kerala’s favorable climate, except during monsoons, and the availability of Ministry of New & Renewable Energy (MNRE) subsidies…
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