Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights.Â
The order is scheduled for delivery within eight weeks and has been conducted on an arm’s length basis.
India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation…
The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide…
CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case…
Suzlon Group has secured the first commercial order for its newly launched S175 (5.0 MW) wind turbine from Sunsure Energy. The 105 MW order comes just two weeks after the launch of the S175, which the company describes as India’s tallest and most powerful wind turbine. Under the order, Suzlon will supply, erect, commission and…
Blue Energy Motors, a key partner in Essar’s green mobility initiative, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 35 billion in establishing an electric truck manufacturing facility. The facility, set to begin operations in FY 2025-26, will have the capacity to produce 30,000 electric trucks annually. The…
The joint venture of Alpex Solar Private Limited and NVNR Power and Infra Private Limited has received a Letter of Award worth Rs 3,499.93 million. The project involves setting up a 70 MW solar power plant at Nandan Washery of Western Coalfields Limited (WCL) in the Kanhan area of Damua, Madhya Pradesh. The award was…