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Inox Green to acquire Macquarie-owned renewable platform Vibrant Energy
Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management. The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as…
Sunfire secures €200m financing to scale electrolysis technology
German electrolysis manufacturer Sunfire has secured €200 million ($207.6 million) in guaranteed financing to advance its electrolysis technology. The financing is provided by a consortium led by Commerzbank, including Société Générale, BNP Paribas, LBBW, and Ostsächsische Sparkasse Dresden. The commitment reflects strong support from financial institutions and policymakers for the scale-up of climate technology. The…
Sukhbir Agro Energy plans 1,200 MW RE projects in Andhra Pradesh
Sukhbir Agro Energy Limited (SAEL) is planning to establish 1,200 MW of renewable energy (RE) power projects in Andhra Pradesh. The project will be developed in two phases, with each phase consisting of 600 MW.Â
REC reports highest-ever annual profit of Rs 16,282 crore
REC Limited reported its highest-ever standalone net profit of Rs 16,282 crore for the financial year ended March 31, 2026, up from Rs 15,713 crore in FY25. On a consolidated basis, net profit stood at Rs 16,308 crore in FY26, compared to Rs 15,884 crore in the previous year. Standalone net worth increased 9% to…
PM’s Europe tour advances hydrogen, offshore wind partnerships
Prime Minister Narendra Modi’s five-nation tour from May 15-20 resulted in multiple agreements linked to India’s clean energy, semiconductor, hydrogen, and offshore wind sectors, including a new Strategic Partnership with the Netherlands and five agreements with Norway. A hydrogen fuel cell collaboration between Advait Energy Transitions Limited and TECO Fuel Cell Technology AS was also…
Schneider Infra raises Vadodara switchgear plant capex to Rs 156.4 crore
Schneider Electric Infrastructure Limited (SEIL) has increased the capital expenditure for capacity expansion at its Vadodara switchgear plant from Rs 110.2 crore to Rs 156.4 crore. The board approved the revised outlay on March 27, 2026, and the company disclosed the update to stock exchanges. The additional investment of Rs 46.2 crore will be used…
