Orient Solar has announced plans to increase its production capacity from 800 MW to 2 GW by mid-2025. This expansion involves an investment of Rs 1.30 billion, covering capital expenditure, land, and building costs. The enhanced capacity will primarily support utility-scale solar projects (65%), with the remaining 35% allocated to commercial and industrial rooftop solar projects, as well as solar street lights and pumps.
Insolation Green Energy Private Limited, a subsidiary of Insolation Energy Limited, has signed a memorandum of understanding (MoU) with the Rajasthan government during the Rising Rajasthan Global Investment Summit 2024. The agreement involves an investment of Rs 100 billion for solar power generation projects, manufacturing facilities for solar components, engineering, procurement, and construction (EPC) projects, and the development of solar parks in Rajasthan.
CEE Group, a Hamburg-based asset manager focused on renewable energies, has acquired the Klüden solar photovoltaic (PV) project in Börde, Saxony-Anhalt, Germany, from German project developer Sunovis. The acquisition was made for CEE Group’s investment funds, CEE Renewable Fund 7 (RF7) and CEE Renewable Fund 8 (RF8). The 102 MWp Klüden solar PV park will generate green energy sufficient to power 47,500 households. Construction began in September 2024, and the project is expected to become…
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs 102-108 and received bids for 1.43 billion shares, based on stock exchange data. The subscription breakdown revealed that the qualified institutional buyer category was subscribed 3.32 times, the retail investor portion 3.39…
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,…
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….