The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
Servotech has signed a pact with Dubai-based Al-Ansari Motors to provide EV charging solutions in the Middle East and Africa. The company aims for $50 million in business from this region in the next one to two years.
Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.
The Indian multinational EPC contractor has secured the power grid and power generation works for the 600 tpd green hydrogen plant being built by NEOM Green Hydrogen Co. in Saudi Arabia.
The Chinese module maker will supply 1,292 MW of PV modules for Larsen & Toubro’s two solar EPC projects in Saudi Arabia.
Tdafoq Energy will use Delectrik Systems’ technology to manufacture vanadium redox flow batteries in Saudi Arabia. Construction has already started on a manufacturing facility in Saudi Arabia, which will be scaled to a GWh capacity by 2025.
Gas Authority of India Ltd (GAIL), a state-owned natural gas company, has signed a deal with Abu Dhabi National Oil Co. to explore collaboration opportunities in renewables and new energy projects.
The Indian multinational EPC provider has secured significant transmission lines and substations projects in Saudi Arabia.
New modeling suggests that the reduction in albedo caused by large-scale solar plants could double rainfall in the Red Sea coastal plain of Saudi Arabia.
The Indian multinational will build the plant on an engineering, procurement and construction basis for the consortium of UAE-based renewable energy developer Masdar, France’s power utility EDF Renewables and Saudi Arabian company Nesma.
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