Sterling and Wilson Renewable Energy raises INR 1,500 crore through QIP
Sterling and Wilson Renewable Energy’s INR 1,500 crore ($180 million) qualified institutions placement issue received an overwhelming response from both domestic mutual funds and marquee global foreign institutional investors.
Essar to develop 1 GW green hydrogen project in Gujarat
Essar Group will develop a 1 GW green hydrogen project in Gujarat with an estimated investment of INR 30,000 crore ($3.6 billion).
BluPine Energy achieves financial closure for 120 MW solar project in Gujarat
BluPine Energy has secured green loan financing from Standard Chartered for its 120 MW solar project in Gujarat.
Adani Green Energy forms step-down arms
Adani Green Energy has announced the formation of Adani Renewable Energy Fifty One and Adani Renewable Energy Fifty Five.
Mahindra & Mahindra sells solar assets to InvIT owned with Canadian pension fund
Mahindra & Mahindra Group has announced the cessation of its solar subsidiaries Emergent Solren, Mega Suryaurja, Megasolis Renewables, Neo Solren, Astra Solren, and Brightsolar Renewable Energy.
Coal, a heavy burden on Indian Railways
Recognizing coal’s network congestion effects and accelerating clean energy can enable the Indian Railways to better serve an expanding economy, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
ADB to lend $200 million for climate-resilient power system in Uttarakhand
The project will modernise Dehradun city’s power network infrastructure by introducing an advanced and climate-resilient underground cable system comprising 537 km subterranean cables, 354 ring main units, and 99 compact substations.
Erisha E-Mobility, Uttarakhand Govt sign MoU worth INR 1,900 crore
Erisha E-Mobility and the Uttarakhand Government have signed a Memorandum of Understanding (MOU) to establish an electric vehicle (EV) park and deploy 100 state-of-the-art EV charging hubs across Uttarakhand.
Tata Power Renewable Energy signs power delivery agreement for 13.2 MW C&I solar plant
Tata Power Renewable Energy will develop a 13.2 MW solar plant for power supply to Force Motors and Jaya Hind Industries.
UltraTech Cement targets 85% green energy in its total energy mix by 2030
Currently, UltraTech Cement has a green energy capacity of 691 MW (262 MW from waste heat recovery systems and 429 MW contracted renewables), which meets about 22% of its current electricity requirements.
