Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion.
KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Three firms have won bids to develop a cumulative 250 MW grid-connected solar photovoltaic (PV) power projects without energy storage system (ESS) anywhere in India. The bids were awarded under Phase XXVI of Gujarat Urja Vikas Nigam Limited (GUVNL) on March 6, 2025. Avaada Energy Private Limited (Avaada Power Private Limited) secured a 100 MW…
North Shore Community Health (NSCH), based in Massachusetts, has signed a two-year renewable energy agreement with ENGIE Resources, a subsidiary of ENGIE North America. The agreement ensures NSCH will receive renewable energy credits (RECs) to match 100% of the forecasted energy consumption across its three locations in Salem, Peabody, and Gloucester. NSCH, a federally qualified…
The Ministry of Environment, Forest and Climate Change (MoEFCC) has issued a draft notification introducing the Greenhouse Gas Emission Intensity Target Rules, 2025, under the carbon credit trading scheme, 2023. These rules aim to reduce emissions in designated industrial sectors by setting specific emission intensity targets. Issued under the Energy Conservation Act, 2001, and the…
The New and Renewable Energy Department, Government of Assam (GoA), has signed a Memorandum of Understanding (MoU) with Oriana Power Limited to develop solar and Battery Energy Storage System (BESS) projects in the Kamrup district. The agreement was formalized at the Investment and Infrastructure Summit 2025 on February 28, 2025. The project is estimated to…
Rayzon Solar Private Limited has secured an engineering, procurement, and construction (EPC) contract for a 63 MW solar power project in Maharashtra. The project will add to the state’s renewable energy capacity and is expected to support local job creation during the construction phase. In another development, Ganesh Green Bharat Limited received an EPC contract…
STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring Enterprises Limited, has secured a contract from Vedanta Aluminium Metal Limited for the comprehensive operations and maintenance (O&M) of a 1,215 MW captive power plant. The contract has an estimated aggregate value of Rs 1,437.17 crore, excluding applicable taxes. The contract covers the…