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KPI Green secures Rs 3,200 crore sanction from SBI for Gujarat projects
KPI Green Energy Limited has received a sanction of Rs 3,200 crore from the State Bank of India to support its solar and hybrid power projects in Gujarat with a combined capacity of over 1 GWp. The sanctioned amount includes both fund-based and non-fund-based facilities. It will part-finance the company’s 250 MW solar project and…
Avaana Capital raises $135-mn climate-tech VC fund
Avaana Capital, India’s climate-focused venture capital firm, has infused its Avaana Climate and Sustainability Fund with USD 135 million, supported by prominent institutional investors, including the Green Climate Fund (GCF). Anjali Bansal, partner at Avaana Capital, highlighted the significance of this support, emphasizing the role of innovation in driving climate action and creating long-term impact….
Prozeal Green Energy files for Rs 7 billion IPO with SEBI
Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of…
Skipper secures Rs 13.18 billion in new orders in Q3 FY25
Skipper Ltd received new orders worth Rs 13.18 billion in Q3 FY25 (October to December), bringing the total order inflows for the fiscal year to Rs 37.43 billion. The company secured significant contracts from Power Grid Corporation of India Ltd (PGCIL), state electricity boards, and private transmission service providers. As of December 31, 2024, Skipper’s…
Trinasolar partners with AMEA Power for Egypt’s first utility-scale BESS
Chinese solar photovoltaic (PV) module maker Trinasolar has partnered with AMEA Power to deploy its Elementa 2 platform for Egypt’s 300MWh Abydos Solar PV project. The project marks the country’s first utility-scale battery energy storage solution (BESS) and expands the 500MW solar power plant in Kom Ombo, Aswan Governorate. Trinasolar’s Elementa 2 platform includes vertically…
BEP secures green lane status for offshore wind projects in Philippines
Buhawind Energy Philippines (BEP) has obtained green lane certification from the Board of Investments (BOI) for its three offshore wind power projects, collectively valued at PHP 694 billion. These projects, with a total installed capacity of 4,000 MW, are located in Northern Luzon, Northern Mindoro, and East Panay. The 1.98 GW offshore wind farm in…
