Insolation Energy Ltd., via its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Rs 714 million purchase order from ACME Cleantech Solutions Private Limited.Â
The order is for the supply of solar PV modules.
Recently, Insolation Energy won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan.Â
Meta has withdrawn from RE100, the global corporate renewable electricity initiative led by the Climate Group, as its investments in new natural gas generation no longer meet the initiative’s technical criteria. The company behind Facebook and Instagram joined RE100 in 2016. The initiative has 444 members, including Apple, Google and Microsoft, and encourages companies to…
Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in services for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Located 35-60km offshore Changhua County, the project will become Taiwan’s largest wind power complex, generating electricity to supply one million households annually. Poseidon Cables’ role involves preparing…
Israeli power company Dalia Energy has obtained a finance agreement worth 5.3 billion shekels ($1.5bn) from Bank Hapoalim to construct an 850MW power plant at the Eshkol gas-fired power station site in Ashdod, Israel, as reported by Reuters. The non-binding agreement marks a significant milestone for the Avshal plant, which will earn approximately 0.065 shekels…
Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business. The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by…
Rayzon Solar has received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its proposed Rs 15 billion initial public offering. The regulator issued final observations, clearing the way for the company’s market debut. Proceeds from the issue will be used to set up a 3.5 GW solar cell manufacturing…
The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide…