The Travancore Devaswom Board (TDB) plans to set up a solar energy plant with technical support from Cochin International Airport Limited (CIAL), recognized as the first fully solar-powered airport.
CIAL is preparing the detailed project report and offering technical guidance for the initiative.
IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar…
Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19%…
A report backed by Invest Qatar and Iberdrola Innovation Middle East warns that unless clean energy investment keeps pace, digitalisation could strain power grids and delay net zero transitions. Data centres consumed 1.5% of global electricity in 2024, with demand rising 12% annually since 2017. By 2030, their consumption is projected to double to 945…
Bureau Veritas has acquired Versatec Energy, a Netherlands-based technical advisory firm specializing in offshore and onshore energy. Financial terms of the acquisition remain undisclosed. This acquisition enhances Bureau Veritas’ expertise in technical compliance and industrial risk management within the energy sector, aligning with its LEAP | 28 strategy focused on renewables and low-carbon assets. The…
Juniper Green Energy has received debt financing of Rs 17.39 billion from the Indian Renewable Energy Development Agency Limited (IREDA). The funding will support the company and its subsidiaries in scaling renewable energy projects and expanding operational capacity. This follows Juniper’s $1 billion debt raise earlier in 2024 from IREDA, Power Finance Corporation Limited, DBS…
Adani Power Limited (APL) has completed the acquisition of Vidarbha Industries Power Limited (VIPL) for an estimated Rs 40 billion. The deal, finalised on July 7, 2025, gives APL ownership of the Butibori Thermal Power Project in Nagpur district, Maharashtra. VIPL was a wholly owned subsidiary of Reliance Power Limited (RPL). It had developed the…