Ahasolar Technologies Limited has received a work order worth Rs 11 million from Coal India Limited (CIL) to serve as the engineer and project management consultancy for a 300 MW solar photovoltaic (PV) plant at Gujarat Industries Power Company Limited’s (GIPCL) solar park in Khavda, Gujarat. The project is expected to be completed within 27 months.
Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder for an interstate transmission system (ISTS) project to evacuate renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV. PGCIL will establish the project under tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The project, named “Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex): Part H1,” will involve…
SSE has commenced earthworks for the Aberarder wind farm, a major renewable energy project in the Scottish Highlands. Located in Strathnairn near Inverness, the 50 MW wind farm will power 60,000 homes annually and displace 30,000 tonnes of CO₂ equivalent in its first year of operation. The project involves a £100 million investment by SSE and will feature 12 turbines supplied and installed by Vestas. The final investment decision was made in May 2024, with…
ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with additional bids in multiples of 51. The offering includes a fresh issue of Rs 23.95 billion and a sale offer of Rs 5.05 billion by ACME Cleantech Solutions. An…
A new study from the University of Cambridge proposes that reducing flight speeds by 15% could lower fuel consumption by 5–7%, contributing to more sustainable air travel. The report acknowledges potential downsides, such as longer flight times and potential resistance from passengers, but emphasizes the importance of such measures for reducing aviation emissions. The report also calls for faster replacement of older aircraft with more efficient models and advocates for planes to be used on…
The Chinese government has filed a complaint with the World Trade Organisation (WTO) in response to the European Union’s (EU) imposition of tariffs on electric vehicles (EVs) made in China. The provisional tariffs, ranging from 17.4% to 37.6%, come on top of an existing 10% duty on Chinese auto imports. The EU argues that Chinese EV manufacturers benefit unfairly from government subsidies, enabling them to sell vehicles at artificially low prices, a claim China disputes….
Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. This transaction enabled the company to prepay its $350 million Green Bonds, originally issued in 2019, which were set to mature in December 2024. These bonds were backed by 10 solar projects commissioned between 2016 and 2019. Previously, Azure Power completed an Rs 13 billion…
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