Torrent Power Limited has signed a memorandum of understanding (MoU) with the Government of Gujarat to develop a 5 GW solar, wind, or solar-wind hybrid project in Dwarka, Gujarat. This agreement marks a significant step in advancing renewable energy initiatives in the region.
Similar Posts
DOE allocates $15M to enhance hydropower flexibility
The U.S. Department of Energy (DOE) has announced $15 million in funding for nine projects designed to boost hydropower’s role in stabilizing the grid amid rising renewable energy adoption. Hydropower, currently contributing 27% of U.S. renewable electricity, offers critical flexibility for balancing supply and demand. Notable projects include: Hydropower-Hydrogen Integration: DRG Technical Solutions will produce hydrogen at a Colorado facility to store energy for later grid use or as fuel. Battery Integration: Synergics Energy Services…
Gensol Engineering secures EPC contract for 22 MW solar projects
Gensol Engineering Limited has won an EPC contract worth Rs 880 million from a steel products company to develop 22 MW solar photovoltaic (PV) power projects in Punjab. The contract was awarded on December 18, 2024 and is scheduled for completion within six months.
Rhetan TMT to establish 2 MW solar power plant in Gujarat
Rhetan TMT, a manufacturer of TMT bars and round bars, plans to set up a 2 MW solar power plant at its Kadi manufacturing facility in Gujarat for captive use. The company operates a rolling mill with a daily capacity of 100-120 MT in Mehsana district, producing products for the construction industry. Rhetan TMT has signed an MoU during the Vibrant Gujarat Global Summit 2024, with the Gujarat government offering support in securing necessary registrations…
EuroGroup to acquire 40% stake in India’s Kumar Precision Stampings
Italian electric motor component maker EuroGroup Laminations (EGLA) is set to acquire a 40% stake in India’s Kumar Precision Stampings. Milan-based EGLA specializes in stators and rotors, key components of electric motors and generators, supplying major automotive and industrial manufacturers, including Volkswagen, Renault, Ford, GM, and a major undisclosed U.S.-based EV maker. EGLA will invest EUR 19.9 million for the stake in Kumar, which also produces stators and rotors for various industrial applications, facilitating EGLA’s…
Mahindra Susten establishes Steer Hybren for renewable energy projects
Mahindra Susten Private Limited has incorporated a wholly owned subsidiary, Steer Hybren Private Limited, to implement renewable energy projects across India. Established on November 29, 2024, in Mumbai, Steer Hybren will operate as an Independent Power Producer (IPP), focusing on the production and distribution of power. The company plans to develop rooftop solar power installations for commercial, industrial, institutional, and residential sectors, in addition to setting up energy storage systems and other renewable energy initiatives.
Kenya suspends deal between KETRACO and Adani Group
Kenya’s high court has suspended a $736 million agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Group’s Adani Energy Solutions to develop and operate power infrastructure, including transmission lines. The suspension follows a legal challenge by the Law Society of Kenya, which has criticized the agreement as “a constitutional sham” and “shrouded in secrecy.” The Law Society claims that KETRACO and Adani Energy Solutions did not fulfill public participation requirements, a mandate under…