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Renewable Power Capital secures refinancing for Klevberget wind farm in Sweden
Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of…
Europe pushes to boost industrial competitiveness and decarbonization
Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts. The measures were discussed during the Antwerp Dialogues, a forum gathering industry representatives, power sector stakeholders, NGOs, unions, and think tanks. The Antwerp Declaration calls for urgent actions to reduce energy…
PGCIL to merge 17 TBCB subsidiaries into two entities
Power Grid Corporation of India Limited (PGCIL) has proposed the merger of 17 Inter-State Transmission System (ISTS) subsidiaries, set up under the Tariff Based Competitive Bidding (TBCB) route, into two existing TBCB subsidiaries. Under Part 1 of the plan, five subsidiaries will be amalgamated into Vataman Transmission Limited. These include: Bhadla III Transmission Limited Ramgarh…
Lineage Power wins Rs 1,587 million battery order from Reliance
Pace Digitek Limited’s material subsidiary, Lineage Power Private Limited, has received a purchase order valued at Rs 1,587.10 million (including GST) from Reliance Industries Limited for the supply of lithium-ion battery packs, according to a stock exchange disclosure made on Monday. The order, bearing PO No. 103/440051481, covers the supply of Li-ion 48V 15S1P 314…
India, UK launch offshore wind taskforce
India and the United Kingdom have set up a joint Offshore Wind Taskforce to accelerate project implementation, strengthen supply chains, and address structural challenges in India’s offshore wind sector. The initiative was launched by Union Minister for New and Renewable Energy Pralhad Joshi along with UK Deputy Prime Minister David Lammy and British High Commissioner…
Sembcorp to acquire 300 MW ReNew solar project in Rajasthan
Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited (SGIPL), has signed an agreement to acquire ReNew Sun Bright Private Limited from ReNew Private Limited for approximately S$246 million. According to the company, the transaction will be financed through a mix of internal funds and external borrowings. It is expected to close in the…
