JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy Limited, has acquired three special purpose vehicles (SPVs)—Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited—from Hetero Labs Limited and Hetero Drugs Limited.
These SPVs have a combined wind energy capacity of 125 MW.
This acquisition aligns with JSW Neo Energy’s strategy to expand its renewable portfolio and supports its goal of achieving 10 GW of installed capacity by 2025.
Vjaitra Air Mobility, a division of Indian drone manufacturer Darsh Dronobotics Systems, has partnered with Trouvé Innovation Hub Inc. to develop a hydrogen-powered 5-seater air taxi with a capacity to cover distances up to 600 km. Through this partnership, Trouvé Innovation Hub Inc. will help Vjaitra Air Mobility secure funding to build a full-scale prototype of the Hydrogen Air Taxi. This eco-friendly, quieter, and more efficient alternative to traditional travel modes is designed to enhance…
The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme. This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…
Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu. The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26. This initiative involves setting up an independent regional power production (IPP) unit.
Gujarat Chief Minister Bhupendra Patel has announced that the state will host India’s first indigenously developed semiconductor chip plant, a significant milestone in the electronics and semiconductor sector. Highlighting the state’s achievements, Patel noted that Gujarat has attracted Rs 1,000 billion in investments in this sector, crediting the success to the 10th edition of the Vibrant Gujarat Global Summit, which played a crucial role in drawing investments in emerging technologies like AI and semiconductors. In…
Juniper Green Energy, Jakson Green, and RIH Renewables (EDF Renewables) have won Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 200 MW of grid-connected wind power projects in India under Phase VIII. Originally launched in July 2024 for 500 MW, GUVNL later reduced the auction capacity to 200 MW. Juniper Green secured 50 MW at a tariff of Rs 3.56 per kWh, RIH Renewables won 40 MW at Rs 3.59 per kWh, and Jakson…
GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating this capability to enhance domestic manufacturing and…
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