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SPV incorporated for Bhadla-Bikaner complex ISTS scheme
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated…
ACEN India secures Rs 7,517 million financing for 100 MW wind project
ACEN India has achieved financial closure for its 100 MW wind power project in Bijapur, securing long-term project financing of Rs 7,517 million (approximately $90 million) from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation. The project is now set to move into the construction phase, with commissioning targeted for 2027. The project has…
Japan begins commercial operations at first floating offshore wind farm
Japan has started commercial operations at its first floating offshore wind power project, with Goto Offshore Wind Farm Special Purpose Company (SPC) announcing that the facility off Goto City in Nagasaki Prefecture is now online, marking a significant step in the country’s renewable energy programme. Goto Offshore Wind Farm is the first project in Japan…
Saatvik Green posts revenue growth, expands manufacturing capacity
Saatvik Green Energy Limited reported strong growth in its quarterly and nine month financial performance, supported by higher volumes and improved operational efficiency. For the third quarter of fiscal year 2026, the company recorded consolidated revenue of Rs 12,570.2 million, marking a 143% year on year increase. Earnings before interest, taxes, depreciation, and amortization stood…
Satellite images reveal China’s race to dominate nuclear fusion
Satellite images have revealed that China is constructing a major nuclear fusion facility in Mianyang, designed to be 50 per cent larger than the United States’ National Ignition Facility (NIF) in California. The development marks a significant move in global nuclear fusion research. According to analysis reported by Reuters, the facility will use laser-driven fusion…
Rajesh Power secures order for rural and tribal power upgrades in Gujarat
Rajesh Power Limited has received a turnkey contract worth Rs 2.20 billion from Madhya Gujarat Vij Company Limited (MGVCL). The order involves the supply, installation, testing, and commissioning of 11 kV medium voltage covered conductor infrastructure. The work will be carried out across multiple locations in Gujarat under two state schemes, the Kisan Suryoday Yojana…
