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Investors propose taking ReNew Energy Global private in deal
Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an…
Kalpataru Projects to acquire full stake in Saudi JV KIOCL
Kalpataru Projects International Limited has signed an agreement to acquire the remaining 35 % stake in its Saudi Arabian joint venture, Kalpataru IBN Omairah Company Limited (KIOCL), from its local partner. The transaction, executed on February 23, 2026, will result in KIOCL becoming a wholly owned subsidiary of the company. The company entered into a…
Tata Power and Bank of Baroda sign MoU to finance solar projects
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with Bank of Baroda to provide financing solutions for micro, small and medium enterprises (MSMEs) and commercial and industrial (C&I) customers adopting solar energy. Under the agreement, Bank of Baroda will extend loans for projects up to…
JDR Cable Systems to install subsea cables for US offshore wind farm
JDR Cable Systems, part of the TFKable Group, has secured a contract from DEME Offshore for the Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm in the United States. The 2.6-GW project will supply power to 660,000 homes and contribute to the US goal of deploying 30 GW of offshore wind energy…
Serbia’s 2025 budget allocates EUR 1 billion for green projects
Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency. The budget earmarks EUR 528.4 million for railway projects, including the Hungarian-Serbian railway and Belgrade’s urban subway system, designed to reduce CO2 emissions and enhance energy efficiency. In addition to transportation,…
Kalpataru wins Rs 6.55 billion transmission project in West Bengal
Kalpataru Projects International Limited has received a Letter of Award (LoA) worth Rs 6.55 billion for composite Package-C7 in West Bengal. The contract covers the design, engineering, construction, supply, erection, stringing, testing, and commissioning of three power infrastructure projects. West Bengal State Electricity Transmission Company Limited (WBSETCL) invited bids in March 2024. The scope includes:…
