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- India | Generation | News
Maharashtra inks Rs 8,000 crore deal for 1,500 MW pumped storage project
The Maharashtra government has entered into an Rs 8,000 crore agreement with GSC PSP Maha Pvt Ltd of Haryana to develop the Panchmauli-Devalipada pumped storage hydroelectric project across Dhule and Nandurbar districts. The 1,500 MW project is expected to generate around 2,500 jobs and contribute over Rs 1,100 crore in annual revenue to the state….
Waaree Energies supplies 132.5 MWp modules to Radiance Renewables
Waaree Energies Limited has successfully delivered 132.5 MWp of high-performance 575/580 MWp n-Type TOPCon solar modules to Radiance Renewables Private Limited. These modules, designed for superior energy efficiency across diverse environmental conditions, were delivered by December 2024. The project, supporting the Commercial and Industrial (C&I) segment, is expected to offset approximately 202,826 tonnes of carbon…
Gautam Solar to expand solar module manufacturing to 5 GW by 2025
Gautam Solar plans to increase its solar module manufacturing capacity to 5 GW by 2025, with the first phase of expansion to be completed in November 2024, followed by phases in January and April 2025. The Rs 100 billion project will be funded through an IPO, expected in the next 12-18 months. The IPO will…
Vikram Solar receives SEBI nod for Rs 15 billion IPO
Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter…
ReNew Power to launch India IPO
ReNew Power is preparing to list on Indian exchanges while withdrawing its Nasdaq listing, according to sources. The company has appointed JM Financial as its domestic adviser and Goldman Sachs, along with other global banks, for the process. The clean energy company, which debuted on Nasdaq in August 2021 through a SPAC merger with Riverside…
Eco Wave Power launches first onshore wave energy project in US
Eco Wave Power, in collaboration with AltaSea and Shell Marine Renewable Energy, has launched the first onshore wave energy project in the United States at the Port of Los Angeles. The project is currently in the demonstration phase and is intended to pave the way for future commercial-scale operations. The site features floaters designed to…
