Author: Power Peak Digest Team Pub Date: December 30, 2024
Similar Posts
JSW Neo Energy to acquire 4,696 MW renewable platform from O2 Power
Author: Power Peak Digest Team Pub Date: December 30, 2024 JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable…
Servotech Power Systems launches new solar product line
Author: Power Peak Digest Team Pub Date: October 29, 2024 Servotech Power Systems Limited (Servotech) has introduced a new range of solar products, including solar on-grid inverters with capacities from 1 kW to 100 kW, and solar hybrid inverters available in single-phase (2 kW to 7.5 kW) and three-phase (10 kW to 22.5 kW) options. The product lineup also includes solar micro inverters in 800 W and 1600 W capacities. Additionally, Servotech has launched battery…
NTPC and ONGC establish JV for renewable energy projects
Author: Power Peak Digest Team Pub Date: November 18, 2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL). The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including…
Torrent Power to invest Rs 1.1 trillion capex plan on renewables and storage
Author: Power Peak Digest Team Pub Date: November 21, 2024 Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives. More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a panel discussion at the State Bank of India’s banking conclave….
India to launch Critical Mineral Mission in 2025
Author: Power Peak Digest Team Pub Date: December 24, 2024 India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth. This mission will bring together multiple ministries, industries, research institutions, and global think tanks to ensure a sustainable supply of critical minerals like lithium and cobalt. The demand for these minerals is expected to surge, particularly…
Trom Industries secures Rs 330 mn solar projects from Gujarat Metro Rail and Corona Remedies
Author: Power Peak Digest Team Pub Date: November 4, 2024 Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom…