Similar Posts
Onix Solar plans Rs 130 crore rights issue
Onix Solar Energy Limited has approved a proposal to raise up to Rs 130 crore through a rights issue of equity shares. The decision was taken at a Board meeting held on April 17, 2026, via video conferencing. The issue will involve equity shares with a face value of Rs 10 each, to be offered…
Seven firms shortlisted for $2.28bn Oman power projects
Seven companies have been shortlisted to bid for two major power projects in Oman, valued at OR880 million (US$2.28 billion). The tender process is being overseen by Nama Power and Water Procurement Company, the country’s sole buyer of power and water. The shortlisted firms include ACWA Power (Saudi Arabia), Korea Western Power, Marubeni Corporation (Japan),…
Renewable energy cannibalization lowers solar market revenues in Europe
Photovoltaics (PV) and wind now dominate Europe’s power generation, surpassing fossil fuels, according to the latest Enervis report. However, increasing cannibalization of renewable energy is reducing market revenues for solar and wind power producers. Cannibalization occurs when high solar and wind generation floods the electricity market, driving down prices, sometimes even turning negative. In 2024,…
Yinson Renewables secures $59m financing for Peru’s Matarani solar project
Yinson Renewables has obtained $59 million in senior secured green financing for the 97 MW peak Matarani solar project in Peru. The financing, arranged by IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB), adheres to the Green Loan Principles 2023. The Matarani solar project, located near Arequipa, is Peru’s first non-subsidized operational solar…
CEA issues ester oil advisory amid West Asia crisis
The Central Electricity Authority (CEA) has issued an advisory directing central, state, and private transmission utilities to use Ester Oil as the insulating and cooling fluid in at least 10% of new transformers, reactors, and other electrical equipment for all voltage classes of 33 kV and above. The move has been linked to the ongoing…
Oswal Solar Energy secures Rs 39.4 crore rooftop solar order
Oswal Solar Energy Private Limited, a wholly owned subsidiary of Oswal Pumps Limited, has secured an order worth approximately Rs 39.40 crore (including GST) for the installation of 7.46 MWp of grid-connected rooftop solar plants in Andhra Pradesh. The contract has been awarded by M/s Swashakthi Energy for the installation of solar systems for 3,729…
