Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement.
The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per cent, with monthly interest payments.
Solar EPC firm Trom Industries Ltd has announced solar project contracts valued at Rs 330 million from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Trom Industries secured a Rs 207 million work order from GMRC to install and maintain a 5MW grid-connected rooftop solar system across 15 metro stations in Ahmedabad for five years. Project supply will commence this year in phases. Additionally, Trom Industries received a Rs 124 million order from Corona Remedies…
Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have signed a Joint Study Agreement (JSA) to deliver 200,000 tonnes of green hydrogen annually to Germany starting in 2030. The partnership involves establishing a green hydrogen production facility in Brazil, utilizing electricity sourced from hydropower and other renewable options. SEFE will manage the production and shipment of green ammonia to Germany and oversee the distribution of green hydrogen across its European network. In a separate development,…
CHN Energy’s subsidiary, Guohua Energy Investment Co., Ltd., has connected the initial set of photovoltaic (PV) units from its 1 GW offshore PV project to the grid. Located in Kenli District, Shandong Province, China, the project spans 1,223 hectares and includes 2,934 PV platforms supported by offshore steel truss platform fixed pile foundations. The project features a 66 kV offshore cable paired with an onshore cable for efficient, high-capacity, long-distance power transmission. Once fully operational,…
Tunisia’s government has announced a planned investment of USD 2.2 billion in its power sector by 2025, focusing on renewable energy development to reduce dependency on electricity imports from Algeria and Libya. The initiative aims to increase the share of solar and wind power in the energy mix to 35 per cent by 2030, targeting 4,850 MW of renewable energy generation. Key projects include the Tozeur solar PV plant, a 200 MW solar facility in…
EDF has integrated the Flamanville 3 nuclear reactor into France’s national power grid, marking the first expansion of the country’s nuclear network in 25 years. The reactor was connected on 21 December 2024, producing 100MW of electricity. With a capacity of 1.6GW, Flamanville 3 is France’s largest nuclear reactor and one of the most powerful worldwide. The reactor, located in Normandy, joins similar reactors in China and Finland. The project experienced a 12-year delay, with…
Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar hybrid auction. These companies will supply power on a long-term basis from grid-connected intrastate projects. JSW Neo secured 600 MW, including 400 MW under the greenshoe option, while Tata Power won 400 MW, with 200 MW under the greenshoe option. Avaada Energy was awarded…