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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…
Afghanistan signs deal to develop 10 GW power capacity by 2032
Afghanistan’s Ministry of Energy and Water has signed a $10 billion agreement with a domestic private company to develop power projects with a combined capacity of 10,000 megawatts, Tolo News reported. The projects will be implemented over a six-year period from 2026 to 2032. The agreement covers electricity generation from coal, gas, hydro, wind, and…
NTPC Green Energy and MAHAGENCO form JV for renewable energy parks
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra…
BASF India signs agreement for hybrid captive renewable project in Gujarat
BASF India Limited has signed a share purchase agreement with Clean Max Enviro Energy Solutions Limited to source renewable power from a hybrid solar and wind project in Jamnagar, Gujarat. The arrangement follows the captive power generation model. The plan is to build a 12.21 MW hybrid project that will supply clean energy to BASF…
GameChange Energy faces patent lawsuit from Nextpower
GameChange Energy said it will defend itself against patent infringement allegations filed by rival Nextpower Inc. in a United States federal court. The statement followed an announcement by Nextpower that it had filed a lawsuit in the U.S. District Court for the District of Delaware. The company alleged that GameChange infringed three patents related to…
Ahasolar wins Rs 10 million consultancy order for Gujarat solar projects
Ahasolar Technologies Limited has received a consultancy work order from Gujarat Urban Development Company Limited (GUDA), valued at around Rs 10 million. The scope includes preparing detailed project reports (DPRs), assisting in procurement, checking and certifying quality assurance plans, scrutinising design and drawings, and certifying the contractor’s bills. These services support the development of grid-connected…
