Synera Renewable to develop offshore wind farm in South Korea
Author: PPD Team Date: November 27, 2024
Author: PPD Team Date: November 27, 2024
Synera Renewable Energy Group (SRE Group) has partnered with Moondo Wind Energy (MWE) to develop an 840 MW offshore wind farm near Geomundo Island, Yeosu City, in South Korea’s Jeollanam-do Province.
The project, named Moondo Offshore Wind Energy (MOWE), marks SRE Group’s entry into the South Korean market and its second international venture after Northern Kyushu, Japan.
The joint venture has secured an Electricity Business License (EBL) for the bottom-fixed offshore wind farm, emphasizing SRE Group’s commitment to supporting South Korea’s energy transition and carbon reduction goals through advanced technology and expertise.
In October 2024, SRE Group also received an establishment permit for its 495 MW Formosa 4 offshore wind project in Taiwan, further strengthening its position in the global offshore wind market.
Author: PPD Team Date: May 12, 2025 Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025. In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26 billion ($15 million). The company’s net worth rose to Rs 163.37 billion ($1.9…
Author: PPD Team Date: June 30, 2025 Om Infra Limited has secured a contract worth Rs 1,998.4 million for hydro-mechanical works in the Dibang Multi Purpose Project. The award was finalised on June 25, 2025, following bids invited by NHPC Limited in April 2024. The contract has two parts. The first, worth Rs 1,678.6 million, is for the ex-works and CIF (Cost, Insurance, and Freight) supply of equipment, materials, mandatory spares, and tools. Om Infra…
Author: PPD Team Date: November 26, 2024 Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion. Initially, the company planned to raise Rs 6 billion, as per the draft red herring prospectus (DRHP) filed with SEBI in September. The IPO includes Rs 500 million as an offer-for-sale (OFS) by the promoter, Pioneer Facor IT Infradevelopers….
Author: PPD Team Date: November 21, 2024 AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India. This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the…
Author: PPD Team Date: October 23, 2024 The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its “T3” unit in Malanpur, Madhya Pradesh, expected to be completed by March 2025….
Author: PPD Team Date: April 3, 2025 KEC International Limited has secured new orders worth Rs 12.36 billion across its transmission, substation, and cable businesses. The company won contracts for transmission line and substation projects in the Middle East, covering the UAE and Kuwait. It also secured a substation order from a private player under tariff-based competitive bidding in India. Additionally, KEC received orders for supplying various types of cables in both domestic and international…