L&T incorporates offshore wind subsidiary in the Netherlands
Author: PPD Team Date: February 11, 2026
Author: PPD Team Date: February 11, 2026
Larsen & Toubro Limited (L&T) announced on February 10, 2026, that it has incorporated a new wholly owned subsidiary in the Netherlands, named L&T Energy Offshore Wind B.V. The entity has been registered with the Dutch Trade Register and is set up to operate in the offshore wind energy segment.
The subsidiary has been incorporated with an initial issued share capital of 1 EURO, fully subscribed by L&T. In regulatory filings to the BSE and the National Stock Exchange of India, the company stated that the subsidiary has not yet commenced operations and has no turnover.
L&T said the subsidiary has been established to support its clean energy strategy and will focus on offshore wind projects. The company will provide turnkey Engineering, Procurement, Construction, Transportation, Installation, and Commissioning (EPCIC) services, with a focus on offshore High Voltage Alternating Current and High Voltage Direct Current (HVAC/HVDC) substations and Wind Turbine Generator (WTG) foundations, including fixed and floating structures.
The disclosure clarified that the incorporation does not constitute a related party transaction other than the parent-subsidiary relationship and does not require any government or regulatory approvals.
The featured photograph is for representation only.
Author: PPD Team Date: November 29, 2024 Pele Green Energy (PGE) has achieved financial close for the 100 MW Sonvanger solar photovoltaic (PV) power plant in South Africa. Located 4 km southwest of Theunissen in the Masilonyana local municipality of Free State province, the plant will supply clean energy to Glencore Merafe Venture’s ferrochrome smelters. The Sonvanger project is the country’s first utility-scale renewable energy project led by a single sponsor and IPP. The project…
Author: PPD Team Date: October 21, 2024 According to LevelTen, a price tracking platform, European power purchase agreement (PPA) prices for green electricity dropped by 12.4% in Q3 2024 compared to the same period in 2023. This decrease is attributed to declining inflation and reduced market volatility following the COVID-19 pandemic and the 2022 energy crisis. LevelTen’s quarterly report suggests that current stable market conditions present an opportunity for buyers to secure favourable deals. The…
Author: PPD Team Date: November 22, 2024 REPLUS Engitech has signed a Memorandum of Understanding (MoU) with Green Power Monitor (GPM) to deploy advanced AI-enabled Energy Management Systems (EMS) and Power Plant Controllers (PPC) in India and global markets. This collaboration aims to strengthen grid security, stability, and the integration of Battery Energy Storage Systems (BESS) with renewable energy solutions. GPM’s PPC, a sophisticated digital control system, manages active and reactive power, frequency, voltage, power…
Author: PPD Team Date: October 30, 2024 Sany Wind Energy India has signed agreements to supply wind turbines with a total capacity exceeding 1.3 GW to three subsidiaries of the JSW Group. Additionally, a 300 MW deal has been finalized with Sembcorp’s India branch, a subsidiary of Singapore’s state-owned energy company. While financial details and specific project locations remain undisclosed, these partnerships highlight Sany’s commitment to advancing wind energy in India. Sany Renewable Energy, a…
Author: PPD Team Date: November 12, 2024 The Saudi Power Procurement Company (SPPC) has awarded contracts for the development of 7.2GW of power projects to consortiums led by Saudi Electricity Company and Abu Dhabi National Energy Company (Taqa). The projects, essential to Saudi Arabia’s strategic energy mix plan, align with Vision 2030 and the Saudi Green Initiative, which targets a 50% contribution each from renewable energy and gas in domestic electricity production. Contracts were awarded…
Author: PPD Team Date: December 11, 2024 Canadian Solar subsidiary Recurrent Energy has signed a ten-year power purchase agreement (PPA) with a US-based technology company for renewable energy from its Tordesillas solar photovoltaic (PV) project in Valladolid, Castilla y León, Spain. The 300MW project, expected to be operational by 2026, will generate 620 gigawatt hours (GWh) annually, powering 188,000 households and reducing CO₂ emissions by 161,000 tonnes annually. Recurrent Energy plans to retain ownership and…