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Satvik Green Energy files for Rs 11.50 billion IPO to fund solar expansion

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Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the company’s promoters. Proceeds from the IPO will be utilized to repay debt, invest in the company’s subsidiary, Saatvik Solar Industries,…

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Elapath Energy and RenewableErgon to develop 150 MW solar project in Taiwan

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Elapath Energy and RenewableErgon are set to develop a 150 MW solar project in Budai, Chiayi County, Taiwan, with an estimated investment of $250 million.  The project is slated to begin its first phase in December 2024, pending approval from Taiwan’s Energy Administration under the Ministry of Economic Affairs (MOEA), and is expected to be completed by February 2025. RenewableErgon, a blockchain-based platform, integrates smart contracts, dynamic electricity pricing, and investment opportunities in renewable projects….