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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…
Tata Power wins transmission SPV, plans Rs 2,000 crore NCD issue
Tata Power has received a Letter of Intent from REC Power Development and Consultancy Limited (RECPDCL) for the acquisition of Jejuri Hinjevadi Power Transmission Limited, a project special purpose vehicle. The project has been awarded on a Build-Own-Operate-Transfer basis. It involves the construction of around 115 km of a 400 kV double-circuit transmission line connecting…
Offgrid Energy Labs secures $15 million in Series A funding
Offgrid Energy Labs, based in Noida, has raised $15 million in a Series A round led by Archean Chemicals Industries Ltd, with existing investor Ankur Capital also participating. The startup, which develops zinc bromine gel batteries, had earlier secured seed funding from Shell Ventures. The latest funds will support a 10 MWh demonstration plant in…
EGAT plans three pumped storage power plants in Thailand
The Electricity Generating Authority of Thailand (EGAT) has announced plans to develop three pumped storage power plants (PSPPs) at existing dams in Chaiyaphum, Kanchanaburi, and Nakhon Si Thammarat provinces. These facilities will have a combined capacity of 2.47 GW and are expected to become operational between 2034 and 2037. The USD 2.6 billion project aims…
Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia
Sumitomo Corporation, through its Sumitomo Corporation of Americas and Perennial Power Holdings, has partnered with CEP Solar to develop over 1.5GW of solar and battery storage assets in Virginia, US. This joint venture will combine CEP Solar’s local expertise with Sumitomo’s project finance capabilities, accelerating the expansion of renewable energy in the region. Construction is…
CESL issues tender for EV charging stations in Faridabad, Haryana
Convergence Energy Services Limited (CESL) has launched a tender to establish and maintain EV charging stations at seven locations within the Municipal Corporation of Faridabad, Haryana. Bids are due by October 30, 2024, with an opening on the same day. The tender requires a Rs 15,000 document fee and an earnest money deposit of Rs…
