Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited.
This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
CBMM has inaugurated a state-of-the-art niobium-based anode production facility in Araxá, Brazil, marking a milestone in advanced battery technology. The plant will produce 2,000 tonnes of Echion Technologies’ XNO active anode material annually, equivalent to one gigawatt-hour of lithium-ion battery cells. This facility is the largest of its kind globally and aims to serve the rapidly growing demand for niobium-enhanced battery materials, particularly in electric vehicles (EVs), heavy-duty transport, and energy storage systems. Niobium-based anodes…
REC Power Development and Consultancy Limited (REC-PDCL), a wholly owned subsidiary of REC Limited, has invited bids for the selection of a Transmission Service Provider (TSP) to develop intra-state transmission system for evacuation of 1230 MW power (MPPMCL portion) through STU network from proposed 2X800 MW Thermal Power Project of M/S Mahan Energen Ltd. (MEL). The project will be executed through a tariff-based competitive bidding (TBCB) process. The transmission scheme involves constructing two major substations…
Spanish utility Iberdrola has announced that Avangrid shareholders have approved its $2.55 billion proposal to acquire the remaining 18% stake in the company. Shareholders will receive $35.75 per share, representing a 15.2% premium over the 30-day weighted average price before the acquisition’s March announcement. The acquisition will enhance Avangrid’s ability to secure financial resources needed for investments in transmission and distribution networks in states like New York, Connecticut, Maine, and Massachusetts. Following regulatory clearances, Avangrid…
NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year. However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Poland has allocated 4.6 billion zloty ($1.2 billion) from its 2025 budget to begin developing the country’s first nuclear power plant, aiming to diversify its energy mix and lower electricity costs. The initial funding marks the largest investment in Poland’s history, with the government projecting around 60 billion zloty needed for the 2025-2030 phase. The US will provide additional funding and technology for the project. The plant, expected to be located near the Baltic Sea,…
New commitments aimed at expanding renewable energy and increasing access to electricity and clean cooking technologies have brought the total finance pledged through the United Nations for the global energy transition to US$ 1.4 trillion. This update was revealed in the third edition of the Energy Compacts Annual Progress Report, launched at the EnergyNow SDG7 Action Forum alongside the UN General Assembly. The report highlights that since the Energy Compacts initiative began in 2021, significant…
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