Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
India and Kuwait have upgraded their relationship to a strategic partnership, focusing on defence, energy, trade, investment, and technology. During Prime Minister Narendra Modi’s first visit to Kuwait in 43 years, an MoU on defence was signed to enhance cooperation in training, joint exercises, and equipment supply. The two countries share strong energy ties, with…
BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent…
PFC Consulting Limited (PFCCL) transferred Kudankulam ISTS Transmission Limited, a special purpose vehicle (SPV), to Power Grid Corporation of India Limited (PGCIL) on January 10, 2025. The SPV will oversee the development of the transmission system under the Interstate Transmission System (ISTS) for evacuating power from Kudankulam Unit 3 and Unit 4 (2×1000 MW). PFCCL,…
Prysmian, a leading manufacturer of energy and telecom cables, has entered into a framework agreement with Réseau de Transport d’Électricité (RTE), France’s transmission system operator, to provide submarine power cable links for two offshore wind farms—the Fos and Narbonnaise projects. These links will connect the offshore farms to the French national grid. The agreement includes…
The 577MW Fox Squirrel Solar project in Madison County, Ohio, has reached full operational status. Developed by EDF Renewables and co-owned with Enbridge, the facility is one of the largest utility-scale solar developments east of the Mississippi River. The project features 1.4 million solar panels and 159 inverters. The energy produced is supplied to Amazon…
CHN Energy’s Guohua Energy Investment Co., Ltd. has successfully connected its 400 MW Rudong Integrated Photovoltaic (PV)-hydrogen-storage project to the grid. Located in Rudong County’s Yudong Reclamation Area, the project spans 287 hectares and integrates PV power generation, hydrogen production and refueling, and energy storage. It includes a 220 kV booster station, a 60 MW/120…