Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has won a contract to supply solar modules for a cumulative 524 MWp solar power project in India.
The contract, awarded on December 2, 2024, includes 364 MWp and 160 MWp capacities, with module supplies slated to commence in FY 2025 and FY 2026, respectively.
The Expert Appraisal Committee (EAC) for River Valley & Hydroelectric Projects under the Ministry of Environment, Forest and Climate Change (MoEF&CC) has recommended Environmental Clearance (EC) for the 1,500 MW Panaura Closed Loop Pumped Storage Project (PSP) proposed by Adani Hydro Energy Five Limited in Sonbhadra district, Uttar Pradesh. The project is planned near Panaura…
Adani Renewable Energy Holding Nine Limited (AREH9L), a subsidiary of the Adani Group, has signed a share subscription and shareholders’ agreement (SSSHA) with Adani Renewables Energy Three Limited and DC Development Noida Limited to facilitate a captive power arrangement. As part of the agreement, DC Development Noida Limited will acquire a 26 per cent stake…
The Swedish government has denied 13 applications for offshore wind farms in the Baltic Sea, south of the Sea of Åland, citing national defence interests. The rejected projects include Arkona, Aurora, Baltic Offshore Beta, Cirrus, and others, as they posed potential conflicts with Sweden’s military operations. This decision affects various developers, including Hexicon’s joint venture…
NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC. The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest…
Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs 200 million, spearheaded by its subsidiary, Sterling Tech-Mobility. The collaboration focuses on producing advanced latching…
Prostarm Info Systems Limited has incorporated a wholly owned subsidiary, Prostarm Karnataka BESS Private Limited, as a special purpose vehicle (SPV) to develop a 150 MW/300 MWh standalone battery energy storage system (BESS) at the 400 kV Doni substation in Karnataka. The project will be implemented under the tariff-based competitive bidding route on a build-own-operate…