Similar Posts
Premier Energies receives approval for floating IPO
Premier Energies Limited, along with three other companies, has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through Initial Public Offerings (IPOs), according to a recent update from the markets regulator. Premier Energies, a prominent solar cell company, plans to raise Rs 15 billion through its IPO. This offering includes a fresh issue of equity shares worth Rs 11.68 billion and an Offer For Sale (OFS) of up to…
Powin secures $200m credit facility for energy storage expansion
Powin, an energy storage solutions provider, has secured a revolving credit facility of up to $200 million, primarily from insurance accounts managed by investment firm KKR. The funding will support Powin’s working capital, drive innovation, and enhance financial flexibility as the company expands within the growing energy storage sector. Key equity investors in Powin include Greenbelt Capital Partners, Trilantic, and Energy Impact Partners, with Guggenheim Securities advising on the capital raise.
IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction
IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was awarded 185 MW at Rs 238,000/MW/month. According…
Equinor, Polenergia secure permits for 1.44 GW Baltyk offshore wind projects in Poland
Norway’s Equinor and Polish power utility Polenergia have received crucial construction permits for the Baltyk 2 and Baltyk 3 offshore wind projects in the Baltic Sea. These permits, granted by the Pomeranian Voivodeship in northwest Poland, are pivotal for making the final investment decision and commencing construction. The permits cover a wide range of infrastructure, including 100 wind turbines, internal power and telecommunications networks, two offshore power stations, submarine export cables, and two onshore power…
Orlen Wind 3 signs agreement to acquire wind and solar facilities in Poland
Orlen Wind 3, a subsidiary of the Orlen Group, has signed a preliminary agreement with EDP Renewables Polska to acquire wind and solar facilities in Poland. The deal, valued at 1.15 billion zlotys ($292 million), includes photovoltaic (PV) projects with a combined capacity of 280 MWp and a 26 MW wind farm. The acquisition will increase Orlen’s renewable generation capacity by 30%. Among the assets are two solar PV farms, including a 45-hectare site in…
Thiruvananthapuram wins UN Habitat Global Award for Sustainable Development in Cities
Thiruvananthapuram Municipal Corporation has been awarded the prestigious Global Award for Sustainable Development in Cities, a recognition led by the United Nations Human Settlements Programme (UN Habitat) and the Shanghai Municipality. This award celebrates significant achievements by cities in implementing sustainable urban development under the new urban agenda. Thiruvananthapuram is the first Indian city to receive this honour, joining four other award-winning cities: Agadir (Morocco), Melbourne (Australia), Doha (Qatar), and Iztapalapa (Mexico). Mayor Arya Rajendran…