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.Â
This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
The global shift towards renewable energy is crucial in mitigating climate change, reducing greenhouse gas emissions, and ensuring a sustainable future. Yet, this transition is far from equitable. For carbon-intensive regions, where economies and livelihoods are tightly linked to fossil fuels, the renewable energy transition presents significant challenges. These regions face the risk of economic…
Zodiac Energy Limited has received a Letter of Intent (LOI) from an international entity to execute a turnkey solar project in Lusaka, Zambia. The project includes a 6 MWp DC / 5 MW AC ground-mounted solar photovoltaic (PV) plant and a 1 MWh battery energy storage system (BESS). The contract is valued at USD 3,288,000,…
Power Grid Corporation of India Limited (PGCIL) has cleared a new investment proposal worth Rs 209.38 crore for strengthening transmission infrastructure in the North-Eastern region. The project, named North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII), was approved by the company’s Committee of Directors on Investment on Projects on August 26, 2025. According to the regulatory filing, the…
The High Court of Karnataka has granted interim relief to renewable energy generators by staying the operation of two provisions of the Central Electricity Regulatory Commission (CERC) Deviation Settlement Mechanism and Related Matters (DSM) Regulations, 2024. The stayed provisions relate to changes in the deviation charge formula, tighter deviation bands, and enhanced penalties that came…
GRE Renew Enertech Limited (formerly GRE Renew Enertech Private Limited) has received a Letter of Award (LOA) from Solarium Green Energy Limited for the turnkey development of a utility-scale ground-mounted solar photovoltaic project. The contract, valued at Rs 175 crore excluding applicable taxes, covers Engineering, Procurement and Construction (EPC) works for an approximately 50 MW…
GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion. GREW Solar operates as the renewable energy subsidiary of the India-based Chiripal Group and manufactures solar photovoltaic (PV) modules. Established…