NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.
Samaiden Group has entered into a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy operations in Indonesia. The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group, will focus on solar photovoltaic systems, power plants, and build-own-operate-transfer projects. Samaiden holds a 70% stake in the JV, while MCS holds 30%. Samaiden will contribute technical expertise, while MCS will leverage its local business and regulatory knowledge.
Foxconn-backed SiliconAuto, a joint venture between Netherlands-based Stellantis and Hon Hai Technology Group (Foxconn), has set up a research and development (R&D) centre in Bengaluru. The new centre will focus on designing semiconductor products and developing system-on-chip solutions for the automotive sector, targeting electric vehicles (EVs), autonomous driving, and connected car technologies. Foxconn is also in the process of establishing an EV manufacturing plant and exploring battery production for EVs, reinforcing SiliconAuto’s commitment to India’s…
Danish energy companies EuroWind Energy and Wind Estate have established a joint venture (JV) called K/S Blue Holding, combining their wind power assets to create a total capacity of 186.3 MW. The JV equally splits ownership between the two firms, with EuroWind contributing 28 turbines from Overgaard (96.9 MW) and 11 turbines from Norre Okse So (39.6 MW). Wind Estate adds 16 turbines at Overgaard with a capacity of 49.8 MW. As part of the…
Stay informed on power sector updates. Subscribe here.