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Bengaluru : INOXGFL Group, one of the leading business Groups in India in the energy transition space, announced today that Inox Clean Energy Limited's renewable independent power producer (RE IPP) arm, Inox Neo Energies Private Limited, has completed the acquisition of Skypower Solar India Private Limited, which has a portfolio comprising 50 MW (AC) / 57.5 MW (DC) of solar power assets located in Madhya Pradesh. The transaction values the asset at an enterprise value of ~Rs 265 crores, translat ...Read More >
New Delhi: The Centre is exploring the option of converting retired coal-based power plants to nuclear plants, said two people in the know of the developments. The need for conversion arises due to the requirement of large land parcels for nuclear plants even as the government aims to install over 22 GW of nuclear capacity by 2032 and 100 GW by 2047 from the current 8.7 GW. The government has already asked states to come up with plans to set up at least one nuclear plant each. "The possibilit ...Read More >
New Delhi, Jun 30 (PTI) AM Green BV will buy Japanese financial service firm Orix Corp's 17.5 per cent stake in clean energy producer Greenko Energy Holdings for USD 1.28 billion, the firms said on Monday. AM Green is owned by the founders of Greenko, Anil Chalamalasetty and Mahesh Kolli. Post this transaction, AMG will own around 25 per cent of Greenko, whose largest owner is Singapore's sovereign wealth fund GIC Pte with a 58 per cent stake. Orix will transfer 17.5 per cent holding in Greenk ...Read More >
New Delhi, Jun 27 (PTI) Gujarat-based Rayzon Solar has filed a draft paper with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The IPO is entirely a fresh issue of up to Rs 1,500 crore with no offer for sale component. The offer also includes a subscription reservation with a discount to eligible persons in the employee reservation portion, according to the draft red herring prospectus (DRHP) filed on Wednesday. Also, the company is looking to ...Read More >
New Delhi: NTPC Group achieved fastest ever 350 Billion Units (BU) generation on 20th January 2025 in FY 2024-25. This milestone is achieved in just 295 days, which is 11 days earlier as compared to the last financial year. In FY 2023-24, the company had crossed 350 BU generation on 31st January 2024. This accomplishment reinforces NTPC's commitment to delivering reliable and affordable power to the Nation. While NTPC has an installed capacity of 76.5 GW, 29.5 GW capacity including 9.6 GW Rene ...Read More >
New Delhi: Eco Wave Power is an Israeli company which has revolutionised ocean wave energy technology, is now drawing attention of many countries, including those with which Israel currently has no diplomatic relations. These countries include regional players like Iran, Turkey, Saudi Arabia, and Qatar. Now, Eco Wave Power has formally opened its demonstration project at the Jaffa Port with EDF Renewables Israel, its significant strategic partner. The technology, designed to use existing infra ...Read More >
Waaree Energies shares were trading marginally higher by 0.46 percent at Rs 2,709.35 per share on the NSE on December 4 at around 10:50 am, marking a sharp decline from their record high. Despite trading 8.37 percent above the listing price of Rs 2,500 on October 28, the stock has witnessed significant volatility in recent weeks. The stock has corrected by a steep 27.61 percent since hitting an all-time high of Rs 3,743 on November 6, raising questions about its long-term performance amid fears ...Read More >
New Delhi [India], December 4 (ANI): Union Minister for Power and Housing and Urban Affairs, Manohar Lal Khattar on Wednesday chaired a meeting of the Parliamentary Consultative Committee of the Members of Parliament on the generation and demand of electricity under the National Electricity Plan, the Ministry of Power said in a release. During the meeting, Manohar Lal Khattar highlighted that power is a critical component in achieving the goal of a developed India by 2047. He noted that with th ...Read More >
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