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Sembcorp to build 300-MW wind-solar hybrid project for NTPC

Singapore-based Sembcorp Industries has been awarded the contract to build, own, and operate a 300-MW wind-solar hybrid power project for NTPC, as part of NTPC’s 1.2-GW renewable energy bid.  The project will connect to India’s...

Waaree Renewable wins EPC contract for 2012.47 MWp solar project

Waaree Renewable Technologies Ltd. has received a term sheet to execute the Engineering, Procurement, and Construction (EPC) of a 2012.47 MWp DC ground-mounted solar photovoltaic project.  The project is valued at approximately Rs 12.33 billion...

KEC International wins Rs 17.04 billion T&D orders from PGCIL

KEC International Ltd. has secured new Transmission and Distribution (T&D) orders worth Rs 17.04 billion from Power Grid Corporation of India Limited (PGCIL).  The projects include the design, supply, and installation of 765 kV transmission lines...

NTPC REL declares commercial operation of 55 MW Shajapur solar unit

NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, has announced the commercial operation of the first part capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-1) in Madhya Pradesh. ...

Orissa Alloy Steel secures Kerendari-BC North coal block

On the third day of the 10th round of commercial coal mine auctions, Orissa Alloy Steel Private Limited secured the partially explored Kerendari-BC North coal block in Jharkhand, which has geological reserves of 600 million tonnes.  The company...

Orient Solar plans capacity expansion to 2 GW by mid-2025

Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025.  This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs.  The enhanced capacity will...

Insolation Green Energy inks Rs 100 billion MoU with Rajasthan government

Insolation Green Energy Private Limited, a subsidiary of Insolation Energy Limited, has signed a memorandum of understanding (MoU) with the Rajasthan government during the Rising Rajasthan Global Investment Summit 2024. The agreement involves an...

APM Terminals Pipavav signs renewable energy deal with CleanMax

APM Terminals Pipavav has entered a 25-year power purchase agreement (PPA) with Brookfield-backed CleanMax to source renewable energy from a hybrid wind-solar project in Gujarat. The hybrid project includes 3.50 MW of wind and 1.06 MWp of solar...

Premier Energies subsidiaries secure Rs 10.87 billion solar contracts

Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the...

Waaree Energies secures 600 MWp solar module order

Waaree Energies Limited has secured an order to supply up to 600 MWp of solar photovoltaic (PV) modules to a leading Indian renewable energy developer.  The delivery of these high-efficiency modules is scheduled to commence in the fiscal year...

NTPC Green Energy and MAHAGENCO form JV for renewable energy parks

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL).  The JV was...

Siemens reports 45% profit growth in Q4 FY 2024

Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion.  For the financial year ending September...

Adani Green Energy establishes new subsidiary for renewable energy projects

Adani Green Energy Limited (AGEL) has established a new wholly-owned subsidiary, Adani Hydro Energy Five Limited (AHE5L), through its subsidiary Adani Saur Urja (KA) Limited.  Incorporated on November 26, 2024, AHE5L is registered in Ahmedabad...

NTPC Green signs MoU for 2000 MW renewable energy projects in Chhattisgarh

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop renewable energy projects with a capacity of up to 2000 MW. ...

Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round

Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion.  Initially, the company planned to raise Rs 6 billion, as per the draft...

India rejects $300 billion climate finance deal at COP29 as “unfair” and “stage-managed”

India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan.  India argued the package is inadequate compared to the $1.3 trillion...

NTPC launches green hydrogen mobility project in Leh

The Union Minister for Power and Housing and Urban Affairs inaugurated NTPC’s Green Hydrogen Mobility Project in Leh.  It includes a 1.7 MW in-situ solar plant, a green hydrogen filling station with 80 kg/day capacity, and five intra-city hydrogen...

Coal Ministry signs agreements for three coal blocks

The Ministry of Coal has executed agreements for three fully explored coal blocks, increasing the total number auctioned to 104 since the commencement of commercial coal mining. The Meenakshi and Rampia & Dip Side of Rampia coal blocks have been...

Waaree Technologies secures order for 530 solar kits from group firm

Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights.  The order is scheduled for delivery within eight weeks and has been...

NTPC Green Energy IPO subscribed 2.4 times on final bidding day

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs...

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NTPC REL signs PPA with PTC India for 1,200 MW solar power

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