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Sembcorp weighs IPO for India renewable arm
Sembcorp Industries, which is backed by Temasek, is reportedly considering an IPO for its Indian subsidiary Sembcorp Green Infra. The launch could take place in the next eight to nine months. The talks are at an early stage and the size of the issue has not been set. This would be Sembcorp’s second attempt to…
Mahindra Susten establishes Steer Hybren for renewable energy projects
Mahindra Susten Private Limited has incorporated a wholly owned subsidiary, Steer Hybren Private Limited, to implement renewable energy projects across India. Established on November 29, 2024, in Mumbai, Steer Hybren will operate as an Independent Power Producer (IPP), focusing on the production and distribution of power. The company plans to develop rooftop solar power installations…
Schneider Electric Infrastructure reports 14.3% growth in order backlog
Schneider Electric Infrastructure Ltd (SEIL) has reported a 14.3% year-on-year growth in its order backlog, which stood at Rs 13.89 billion as of September 30, 2024. The company also noted robust growth in order inflows during FY25. In Q2FY25 (July to September), SEIL achieved an order inflow of Rs 5.72 billion, a 16.3% increase from…
Yogi Adityanath lays foundation for SAEL’s 10 GW solar manufacturing plant in Jewar
Chief Minister Yogi Adityanath has laid the foundation stone for SAEL’s integrated solar cell and module manufacturing plant in Jewar, Uttar Pradesh. The Rs 8,200 crore project will be developed on 200 acres in the Yamuna Expressway Industrial Development Authority (YEIDA) region and is designed as a 10 GW integrated manufacturing facility comprising 5 GW…
Venterra Group acquires Oceanscan Holdings to strengthen offshore wind services
UK-based offshore wind services provider Venterra Group has acquired Oceanscan Holdings, expanding its capabilities in the offshore energy market. Financial details of the transaction were not disclosed. Oceanscan Holdings offers subsea and non-destructive testing equipment, geotechnical services, and specialized personnel. The acquisition will enhance Venterra’s expertise through the integration of Oceanscan’s capabilities, asset base, and…
End of ISTS charge waiver may impact 26 GW of renewable projects: Crisil
Around 26 gigawatt (GW) of under-construction renewable energy capacity could be affected by the expiry of the full waiver on inter-state transmission system (ISTS) charges for solar and wind projects, according to Crisil Ratings. The exemption period ended on June 30, 2025. The Ministry of Power introduced the ISTS charge waiver in 2016 to promote…
