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BHEL wins Rs 61 billion order from NTPC for Sipat thermal power project
Bharat Heavy Electricals Ltd (BHEL) has announced a major order worth over Rs 61 billion from NTPC Ltd for an EPC package at the 1×800 MW Sipat supercritical thermal power project (Stage III) in Bilaspur district, Chhattisgarh. The order includes the supply of equipment such as boilers and turbine generators, along with erection, commissioning, and civil works. The contract was awarded through international competitive bidding. The project is scheduled for completion by September 20, 2028,…
Vikram Solar files for Rs 15 billion IPO with SEBI
Vikram Solar Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) comprising a fresh issue worth up to Rs 15 billion and an offer-for-sale (OFS) of 17.45 million equity shares by its promoters. The face value of each equity share is Rs 10, with a reservation for eligible employees, offering them a discount in the subscription segment. The company may…
Arevon Energy secures $299 million financing for Indiana solar projects
Arevon Energy has secured $299 million in debt financing for its Ratts 1 and Heirloom Solar Projects in Pike County, Indiana. These projects will contribute 264 MW (MWdc) of renewable energy to the Midwest and MISO region. Construction is already underway, with full operational status expected by the third quarter of 2025. The financing package includes a $119 million construction-to-term loan, $159 million tax equity and credit bridge loan, and a $21 million letter of…
Vårgrønn acquires 27.4% stake in Germany’s Baltic 2 offshore wind farm
Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while Germany’s largest pension fund, Ärzteversorgung Westfalen-Lippe, will maintain a 22.5% indirect stake. Located 32 km off the coast of Rugen in the German Baltic Sea, Baltic 2 has been operational since September 2015, generating electricity through 80…
Siemens launches industrial control cabinets made from 100% recycled metal
Siemens Smart Infrastructure, through its German subsidiary Alpha Verteilertechnik, has introduced the SIVACON 8MF1 industrial control cabinet series, made entirely from scrap metal sourced from reputable European suppliers. These cabinets are manufactured using wind power, aligning with Siemens’ sustainability goals under its DEGREE framework, which targets decarbonization and resource efficiency in line with a 1.5°C science-based target. The production process of the SIVACON 8MF1 cabinets reduces CO2 emissions by 70% compared to conventional steel production,…
AXISCADES subsidiary Epcogen secures contract for UK’s largest liquid air energy storage project
AXISCADES Technologies Ltd announced that its subsidiary, Epcogen, has secured a long-term contract with Highview Power Limited for the Carrington Power Project in Manchester, UK. This project will be the world’s largest liquid air energy storage (LAES) facility, providing 50 MW and 300 MWh of long-duration energy storage, capable of supplying power to over 1 million UK homes. Epcogen will handle multi-discipline engineering activities for the project, set to begin commercial operations in 2026. The…