Business & Finance

Kutch heritage, Modhera solar-powered village

Morocco’s OCP borrows $110 million to build four solar plants – EQ Mag

April 14, 2023 Anand Gupta

RABAT : Morocco’s state-owned phosphates and fertiliser producer OCP said on Wednesday it signed an agreement with the International Finance Corporation (IFC), the World Bank’s investment arm, on a 100 million-euro ($110 million) loan to build four solar plants to power its industrial operations. The loan is part of an OCP investment plan worth 130 […]

Business & Finance

Schneider Electric and GreenYellow join forces to provide commercial and industrial microgrid solutions across Europe – EQ Mag

April 14, 2023 Anand Gupta

GreenYellow and Schneider Electric join forces to provide commercial and industrial microgrid solutions across Europe Microgrid solutions require no upfront capital investment, cut energy costs, while improving energy resilience and sustainability Paris (France) : Schneider Electric, the leader in the digital transformation of energy management and automation, has partnered with GreenYellow, an expert in decentralized […]

NTPC Ltd. pays Interim Dividend of Rs. 4,121.08 crore for FY 2022-23

Business & Finance

NTPC mulls new offers for green unit after withdrawn bid – EQ Mag

April 14, 2023 Anand Gupta

In addition, soaring demand and attractive subsidies for clean energy in developed markets, such as the US and the European Union, is weaning some investors away from India. State power giant NTPC Ltd. is considering seeking fresh offers for a stake in its green unit after the top bidder pulled out, a development that highlights […]

NTPC Group’s power output up 14.6% to 360 billion units in 2021-22

Business & Finance

NTPC Green Energy plans IPO this fiscal – EQ Mag

April 14, 2023 Anand Gupta

SBI Capital Markets will be the advisor for the listing of NGEL, the source said. Earlier, three bidders had evinced interest in the stake sale proposal but it could not materialise later. State-owned power giant NTPC’s arm NTPC Green Energy Ltd (NGEL) is planning to raise funds through an initial public offering this fiscal, according […]

ReNew Power to invest Rs 30,000 cr to scale up solar and wind energy capacities in next 2 years

Business & Finance

KPI Group Partners With UAE-Based Tristar Transport To Develop Green Energy Solutions – EQ Mag

April 14, 2023 Anand Gupta

Tristar is a fully integrated energy logistics business entity with a global presence in 29 countries across the regions mentioned above KPI Group has partnered with UAE-based Tristar Transport LLC to develop eco-friendly energy solutions across multiple regions, including the Middle East, Africa, Asia Pacific, America and Europe. The agreement involves the utilisation of the […]

Chinas-JA-Solar-to-supply-PV-modules-for-Qatar-875MW-PV-power-plant-project

Business & Finance

Dominion Energy to buy solar project in Virginia – EQ Mag

April 13, 2023 Anand Gupta

Utilities firm Dominion Energy Inc will buy Longroad Energy’s 108 megawatt solar project in Virginia, the U.S.-based renewable energy developer said on Tuesday. The solar project, called Foxhound, has been in development for six years and will produce enough clean energy to power more than 17,000 homes, Longroad said in a press release. Financial details […]

Adani New Industries Sets Up India’s Tallest Wind Turbine In Gujarat

Business & Finance

IberBlue Wind to invest $4.36 bln in Portugal-Spain offshore wind – EQ Mag

April 13, 2023 Anand Gupta

LISBON : Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday. IberBlue said in a statement it aimed to create a combined installed capacity of 1.96 gigawatts (GW), enough to supply electricity to over […]

Business & Finance

GCL to Raise RMB 6 Billion for Projects Related to TOPCon Cells and Energy Storage Systems – EQ Mag

April 13, 2023 Anand Gupta

In late March, GCL announced that it plans to launch a private placement with the goal of raising no more than RMB 6 billion. After deducting the expenses, the net proceeds will be used to fund the development of two new manufacturing projects and supplement its working capital. This announcement was first picked up by […]

CIP Partners with Cbus in the Australian offshore wind project, Star of the South

Business & Finance

Octopus Energy Eyes Offshore Wind Partnerships In Japan – EQ Mag

April 12, 2023 Anand Gupta

British energy supplier, Octopus Energy, is looking to ramp up its renewable energy supply mix in Japan. The company entered the Japanese market in late 2020 via a joint venture with Tokyo Gas and has garnered approximately 160,000 customers. The energy supplier currently relies on Tokyo Gas for electricity. About 80% is sourced through liquefied […]

Business & Finance

Billionaire Shapoor Mistry’s SP group weighs $2 billion asset sales: Report – EQ Mag

April 12, 2023 Anand Gupta

The company is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, the people said Shapoorji Pallonji Group, controlled by billionaire Shapoor Mistry, is weighing asset sales including a controlling stake in its flagship engineering firm that could raise about $2 billion, according to people […]