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Azerbaijan awards first 100 MW solar project to Universal International
Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings. The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European…
Websol raises Rs 48 crore via promoter warrant conversion
Websol Energy System Limited has completed a promoter-led capital raise of Rs 48.09 crore through the conversion of previously issued warrants into equity shares. The allotment was approved at a board meeting held on March 13, 2026. The shares were allotted to Websol Green Projects Private Limited, a promoter group entity led by Chairman Sohan…
IGX and CEGH sign MoU to develop natural gas and renewable gas markets
Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to collaborate on developing natural gas and renewable gas markets. The partnership aims to leverage the market expertise of both parties to enhance technical, operational, and regulatory capabilities. They will focus on trading natural gas and…
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…
Adani Energy forms new subsidiary Step-Fifteen Limited
Adani Energy Solutions Limited established a wholly owned subsidiary, Adani Energy Solutions Step-Fifteen Limited, on August 27, 2025. The entity will focus on power transmission, distribution, and related infrastructure services. The new company is registered with the Registrar of Companies, Gujarat, Ahmedabad. It has an authorised and paid-up share capital of Rs. 1 lakh. Business…
REC to finance pumped storage projects in Kerala
REC Limited has signed a memorandum of understanding (MoU) with the Energy Management Centre (EMC), Government of Kerala, to finance pumped storage projects (PSPs) in the state over the next five years. The investment, estimated at Rs 183.6 billion, aims to enhance grid stability and facilitate the integration of renewable energy. The PSPs will play…
