Author: PPD Team Date: 13/11/2024
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: 16/09/2024 EnBW is in discussions with its major shareholders about a potential capital increase of €3 billion to manage the rising costs of investing in Germany’s energy transition. The utility stated that the decision regarding a possible share issue will be made by shareholders at the annual general meeting. EnBW, primarily owned by the German state of Baden-Wuerttemberg and local municipalities, anticipates its investments in energy projects could rise to €50…
Author: PPD Team Date: 21/01/2025 Enefit Green has selected AFRY to provide front-end engineering design (FEED) services for the 1GW Liivi Bay offshore wind farm in the Gulf of Riga, Estonia. The project aligns with Estonia’s renewable energy strategy and aims to enhance energy independence. The FEED phase, running until 2028, will include detailed site assessments, site layout optimization, foundation design, transport and installation planning, and electrical system design, including the offshore substation. AFRY will…
Author: PPD Team Date: 03/12/2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s entry into the Swedish market…
Author: PPD Team Date: 18/12/2024 VCI Global aims to develop and acquire up to 100 MW of solar photovoltaic (PV) projects across Southeast Asia and Europe within the next five years, generating an estimated $200 million in revenue over 20 years. The company plans to source at least 70 percent of this capacity from projects in Malaysia, leveraging government programs like the Corporate Renewable Energy Supply Scheme (CRESS). Additionally, VCI Global intends to acquire 30…
Author: PPD Team Date: 25/11/2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City, Jeollanam-do Province. This project marks SRE Group’s debut in South Korea and its second international venture, following its expansion into Northern Kyushu, Japan. The South Korean government has granted an electricity business license…
Author: PPD Team Date: 06/01/2025 Telangana aims to add 20,000 MW to its existing renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka announced. The state will focus on Standalone Renewable Energy Projects, floating solar, Waste to Energy, and Green Hydrogen to achieve this goal. The current renewable energy capacity stands at 11,399 MW, including 7,889 MW from solar energy. With major infra projects underway, peak electricity demand is expected…