Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.Â
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include: SECI: The Solar Energy Corporation of India Limited (SECI) signed an MoU with the state government to develop a 200 MW solar project…
REC Power Distribution Company Limited (REC PDCL) incorporated Rajgarh III Power Transmission Limited, a special purpose vehicle (SPV) for the development of the Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III on December 24, 2024. REC PDCL has been appointed as the bid process coordinator…
Suzlon Energy Limited has secured an approximately 100 megawatt (MW) wind energy order from Gas Authority of India Limited (GAIL), its sixth such order from the public sector undertaking (PSU) and its fourth PSU order in the current financial year, the company disclosed in a regulatory filing on Monday. The project will be executed in…
India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage…
Vietnam has officially approved the amended National Power Development Plan VIII (PDP VIII) for the 2021-2030 period, with a long-term vision extending to 2050. This revision, under Decision 768/QD-TTg, replaces the previous version (Decision 500/QD-TTg) and responds to the country’s growing electricity demand and its commitment to achieving net-zero emissions by 2050. The revised plan…
Envision Energy has begun production at its blade manufacturing plant in Kalyangadh, Bavla Taluka, Gujarat, with an annual capacity of 2 GW. The facility will be able to produce up to 1,500 blades each year using six moulds. The plant will supply blades for 3.3 MW and 5 MW wind turbine platforms. It is expected…