Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO).
The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares.
The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets. It is also eyeing…
ACCIONA Energía has received Green Lane status from the Philippines’ Board of Investments for its 150 MW Daanbantayan Solar Project on Cebu Island, expediting the permitting process. With a $130 million investment, the project aligns with the Philippine Development Plan to boost renewable energy and will create significant employment opportunities. Initial power will be sold through private PPAs with CEBECO II, with excess energy auctioned by the Department of Energy. ACCIONA is also advancing other…
Micro Electricity has partnered with Saigontel to develop a 300 MW solar power park in southern Vietnam, alongside creating a green energy trading platform for industrial zones. The companies plan to invest USD 225 million over three years, with the project expected to generate revenue by 2025. Micro Electricity will offer energy management and transaction services to help businesses meet their green energy targets. This initiative aligns with Vietnam’s Direct Power Purchase Agreement (DPPA) regulations,…
Telangana’s Southern Power Distribution Company Limited (TGSPDCL) has launched a pilot project to convert villages to solar power, starting with Kondareddypalli in Nagarkurnool district. This initiative is part of Chief Minister A Revanth Reddy’s broader plan to implement solar-powered villages across the state, with two pilot projects in the southern and northern discoms. To promote solar energy among farmers, Revanth Reddy has instructed officials to distribute free solar pump sets. Additionally, the government is exploring…
Deputy Chief Minister Devendra Fadnavis has announced that farmers in Maharashtra will receive free electricity during the daytime once the state government completes a 1,200 MW solar power project. The project, expected to be completed within 18 months, will also save the state government Rs 10 billion. Speaking to farmers in Chimur tehsil, Fadnavis assured that once the project is operational, farmers will have access to 12 hours of free electricity every day throughout the…
India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase oil demand by nearly 2…
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