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Integrum Energy Infrastructure files DRHP for IPO
Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares. The proceeds will be directed toward the development of a new…
Suzlon targets 10 GW annual renewable energy sales by FY31
Suzlon Energy Limited has announced a strategic transition from a wind original equipment manufacturer (OEM) to an integrated renewable energy company covering wind, solar, and battery energy storage systems (BESS). Under its “Suzlon 2.0” roadmap, the company aims to scale annual renewable energy sales to 10 GW by FY31, expand its order book to 15…
Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN
Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing…
Waaree forms solar subsidiary, reports strong FY25 growth
Waaree Renewable Technologies Limited has announced the incorporation of a new wholly owned subsidiary, Sunsational Power Private Limited, to strengthen its presence in the solar energy sector. The subsidiary, set up with an authorised capital of Rs 0.1 million, is awaiting its certificate of incorporation and has not yet commenced commercial operations. It will operate…
Rayzon Solar to file Rs 15 billion IPO papers with SEBI
Rayzon Solar Limited plans to file draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth about Rs 15 billion. The offer will consist of a fresh issue of equity shares. The company has appointed leading investment banks to manage the issue. Proceeds from the IPO will…
India | Generation | NewsMaharashtra approves Rs 39 crore equity for Koradi expansion
The Maharashtra government has approved the release of Rs 39.20 crore as its latest equity contribution toward the 2×660 MW supercritical thermal expansion at Koradi Thermal Power Station in Nagpur. The project is being executed by Maharashtra State Power Generation Company Limited (Mahagenco). The tranche represents 70% of the Rs 56 crore budgeted for the…
