PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025.
PFCCL has also been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process.
Shimato Enterprises Private Limited signed a term sheet agreement with Constronics Infra Limited for the development of a 21 MW solar power project in Virudhunagar, Tamil Nadu on November 29, 2024. As per the agreement, Shimato Enterprises along with its subsidiaries and associates will acquire land, design, supply and install the solar power project along…
India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation…
Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions. This investment will fund a portfolio of greenfield C&I solar rooftop projects in Vietnam and marks the Mirova Gigaton Fund’s first investment in the country. The senior debt financing will enable ecoligo…
Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining 74%. The equity transaction is valued at par, with an initial capital of Rs 3 billion. In…
JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition…
The Ministry of New and Renewable Energy (MNRE) has issued a circular notifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated February 4, 2026, follows a recent customs notification issued by the Department of Revenue. The update refers to Notification No. 02/2026-Customs issued by…