Waaree Renewable Technologies to merge three arms
The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.
India’s power market design must evolve as renewables’ share rises, says IEEFA
A new report by IEEFA says India’s power market design must evolve to transition faster to an ultra-low-cost renewable energy-based electricity system.
Hitachi Energy ramps up manufacturing of ‘power quality’ products
Hitachi Energy’s new production facility in India will manufacture solutions that support stable electrical networks and reduce energy consumption.
Tata Power posts 50% jump in net profit for FY2021-22
Tata Power’s profit after tax grew by 50% year on year to INR 2,156 crore ($276 million) for the fiscal year ending March 31, 2022.
India to lead new energy wave
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) tracks key trends at major companies across India’s power sector value chain. It finds the nation is poised to lead the clean energy wave, with investors committing in response to the bold policies that are enabling the transition.
Abu Dhabi’s International Holding Company to invest US$ 2 billion in Adani Group’s green portfolio
Abu Dhabi-based International Holding Company (IHC) has signed the agreement to invest US$ 500 million in Adani Green Energy Ltd, US$ 500 million in Adani Transmission Ltd, and US$ 1 billion in Adani Enterprises Ltd.
Sterlite Power wins second power transmission project in Jammu & Kashmir
This project will play a pivotal role in strengthening the economy and empowering the local community in addition to supplying reliable green power to North India including Jammu and Kashmir.
Larsen & Toubro secures 280MW of solar projects
The Indian multinational EPC solutions provider has been awarded a 245MW solar power project in Rajasthan, and a 35MW(AC) PV capacity with 57MWh battery energy storage system in the Kutch district of Gujarat.
Kalpataru secures overseas HVDC power transmission line project, Larsen & Toubro lands railway electrification order
Kalpataru Power Transmission Limited has landed the EPC job for a 700km long HVDC power transmission line in the international market. Larsen & Toubro has won Northeast Frontier Railway electrification project.
PowerGrid to develop Africa’s first ‘PPP mode’ transmission project in Kenya
The Indian state-owned electric transmission utility company has signed an agreement with infrastructure investor
Africa50 to develop 400kV and 220kV transmission lines in east African country Kenya under a public-private partnership framework.
