Author: PPD Team Date: 22/10/2024

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.

Similar Posts

|

NTPC Green Energy forms JV with UPRVUNL

By

Author: PPD Team Date: 07/01/2025 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects.  NGEL holds a 51% stake, subscribing to 51,000 equity shares at Rs 10 each, while UPRVUNL retains 49%.  The JV will focus on the development, operation, and maintenance of renewable energy projects, contributing to India’s green energy…

|

Trump declares ‘national energy emergency,’ reverses policies to ‘drill, baby, drill!’

By

Author: PPD Team Date: 21/01/2025 President Donald Trump announced the United States’ withdrawal from the Paris Climate Accord for the second time, citing it as a “one-sided rip-off.” The move, made after his swearing-in, also included a “national energy emergency” declaration aimed at expanding drilling in the world’s top oil and gas producer. Trump vowed to scrap vehicle emissions standards and halt offshore wind farms, which he has frequently criticized. Trump directed federal agencies to…

|

TotalEnergies halts new investments in Adani Group amid corruption allegations

By

Author: PPD Team Date: 26/11/2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering.  The allegations claim the company falsely promoted compliance with anti-bribery…

|

GUVNL concludes 500 MW BESS and 200 MW wind power auctions

By

Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV.  H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month.  Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…

|

Locals oppose survey for proposed nuclear power plant in Koppal district

By

Author: PPD Team Date: 20/12/2024 The central government has selected a site near Arasinakeri, Koppal, for Karnataka’s second nuclear power plant. However, the proposal faces opposition due to land shortages and environmental concerns, particularly regarding nearby protected forest areas. The government requires 1200 acres for the plant, but only 615-635 acres are available. The district administration is surveying nearby land, at least 3 km from populated areas, to meet the requirement. Environmentalists and locals are…

|

DVC to begin work on Chandrapura ultra supercritical project

By

Author: PPD Team Date: 25/02/2025 Damodar Valley Corporation (DVC) is set to begin construction on the 1,600 MW Chandrapura Ultra Supercritical Power Project.  The project has received in-principle approval from the Central Government. DVC plans to expand capacity at the Chandrapura Thermal Power Station in Bokaro, Jharkhand, after demolishing decommissioned units. The expansion will require an investment of Rs 165 billion.  The existing plant has two operational units (Units 7 and 8) of 250 MW…

Leave a Reply

Your email address will not be published. Required fields are marked *