Author: Power Peak Digest Team Pub Date: December 18, 2024
Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: Power Peak Digest Team Pub Date: December 23, 2024 Lloyd Metals and Energy Limited plans to form two special purpose vehicles (SPVs) with Amplus Energy Solutions and Hinduja Renewables Energy for procuring 100 MW solar power for its captive use. The company will invest Rs 250 million and Rs 270 million to acquire a 26 per cent stake in the SPVs with Amplus Energy and Hinduja Renewables, respectively. The SPVs will develop and operate…
Author: Power Peak Digest Team Pub Date: December 3, 2024 Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options. Additionally, the Board has decided to consolidate all consumer-side offerings, including Insurance Broking,…
Author: Power Peak Digest Team Pub Date: January 21, 2025 Adani Electricity Mumbai Limited (AEML), a wholly owned subsidiary of Adani Energy Solutions Limited, has completed the acquisition of 100% equity shares in Superheights Infraspace Private Limited (SIPL). This follows the execution of a share purchase agreement with Adani Properties Private Limited. SIPL holds development rights for a 3,000 square metre land parcel in Bandra Kurla Complex, where AEML is developing a 220 kV extra…
Author: Power Peak Digest Team Pub Date: December 16, 2024 Hydrogen Oman (Hydrom) and thyssenkrupp nucera have signed a Memorandum of Understanding (MoU) to advance Oman’s green hydrogen sector. The partnership will focus on exploring localisation opportunities and establishing service hubs for water electrolysers to support hydrogen production. Hydrom, the national orchestrator of Oman’s green hydrogen strategy, has designated over 2,300 square kilometres for large-scale green hydrogen projects. The company aims to build an integrated…
Author: Power Peak Digest Team Pub Date: October 17, 2024 Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), a debt fund focused on operational infrastructure projects. Avaada’s solar projects supply power to major corporations such as Bharti Airtel, Motherson, Bharat Forge, STT, Nxtra Data, and Lumax,…
Author: Power Peak Digest Team Pub Date: September 27, 2024 NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.