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.
Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy. The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and…
Schneider Electric India Private Limited and Bisleri International Private Limited have signed an agreement to develop 13.6 MW of solar power projects across four states in India. Under the agreement, Schneider Electric will install solar power systems at Bisleri’s production facilities in Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh. This initiative aligns with ‘Bisleri’s Greener…
CG Power and Industrial Solutions Limited has commissioned a new extra high-voltage (EHV) switchgear manufacturing facility at Pimpalgaon Garudeshwar in Nashik, Maharashtra, as part of its capacity expansion strategy. The new plant, designated S3 Unit-II, will manufacture EHV circuit breakers in the 33kV to 245kV range. It complements the existing S3 Unit-I facility in Ambad,…
Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These…
Hazoor Multi Projects (HMPL) plans to invest Rs 25 billion in a 500 MW solar power project in Prakasam district, Andhra Pradesh. The project will be developed on 2,000 acres, with support from the Andhra Pradesh government through the New & Renewable Energy Development Corporation (NREDCAP), which has requested a detailed project report (DPR) from…
Climate Fund Managers has committed USD 32.2 million in construction equity from its Climate Investor Two fund, supported by the European Union, to Akaia Green Fuels for a compressed biogas project in Uttar Pradesh. The investment marks a scale-up from earlier development-stage funding and supports construction now underway. Project scope The facility will process about…