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Waaree Energies to acquire 100% stake in Enel Green Power India

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Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L.  The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760 MW DC) and a project pipeline of 2,500 MW across multiple states in India. This acquisition will strengthen Waaree’s position…

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US DoI to expand geothermal energy on public lands

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The US Department of the Interior (DOI) has announced plans to boost geothermal energy development on public lands, supporting the Biden-Harris administration’s goal of a carbon pollution-free power sector by 2035. The Bureau of Land Management (BLM) has approved the Fervo Cape geothermal project in Beaver County, Utah, which is expected to generate up to 2 GW of baseload power using advanced technology. The BLM has authorized nearly 32 GW of clean energy projects on…