In Short : Fujiyama Power Systems’ ₹828 crore IPO saw strong investor interest, closing with subscriptions exceeding twice the offer size on the final day. The robust response was driven by confidence in the company’s growth outlook and presence in the power systems sector. Institutional and retail investors showed solid participation, reflecting positive market sentiment […]
Speculation Fuels Lithium’s Price Surge Amid Clean Energy Boom – EQ
In Short : Lithium prices are witnessing a sharp rally, fueled not just by rising demand for EV batteries but also by heavy speculative trading, notes Andy Home. While fundamentals support long-term growth, speculation is amplifying volatility. Analysts caution that this surge may be unstable, highlighting the need to separate genuine market demand from short-term […]
India’s Power Demand Climbs 2.4% in July Amid Rising Renewables and Falling Coal Share: CRISIL – EQ
In Short : India’s power demand rose 2.4% in July to 154 billion units, driven by strong industrial activity, Crisil reported. Hydropower generation surged 36% due to heavy rainfall, while renewables grew 7.2%. Coal’s share in power generation fell to 63%. The average market price dropped 23% to ₹3.83/unit. Crisil projects 2.5–3.5% power demand growth […]
Indosol Solar Charts ₹69,000 Cr Growth Path, Targets FY27 IPO Amid Mega Manufacturing Push – EQ
In Short : Indosol Solar, backed by Shirdi Sai Electricals, plans a ₹69,000 crore investment in solar manufacturing and aims for an IPO in FY27. The company is developing a 1 GW integrated plant in Andhra Pradesh and has received ₹5,175 crore under India’s PLI scheme. Aiming for 20 GW downstream capacity, Indosol targets ₹600 […]
Cost of capital expectations for 2025 diverge amid rising uncertainty – EQ
In Short : Cost of capital expectations for 2025 are diverging as global uncertainty grows. While some sectors anticipate rising financing costs due to inflation and tight monetary policy, others expect easing as rate cuts loom. In India, infrastructure and renewables may see stable capital access, but startups and leveraged firms could face funding challenges […]
Zelestra Plans $500 Million Exit from India Renewables Amid Growing Investor Interest – EQ
In Short : Zelestra, backed by EQT, plans to sell its India renewable energy business for $400–500 million. The portfolio includes over 3 GW of solar, wind, and battery storage assets. JP Morgan is leading the sale process, with interest from Brookfield, JSW, and others. The move aligns with sector consolidation and Zelestra’s strategy to […]
EV Market Shifts Gear: June Sees Soaring E-Car and Bus Sales Amid Two-Wheeler Slowdown – EQ
In Short : Electric vehicle sales in India showed a mixed trend in June. While electric car sales surged 90% year-on-year and electric buses soared by 292%, two- and three-wheeler segments witnessed a slight dip. The contrasting performance highlights growing institutional adoption and premium EV demand, even as retail segments face challenges like cost, charging […]
Power blues for Lucknow residents amid soaring temps, increased demand – EQ
In Short : Lucknow faces power outages as temperatures soar above 42°C, causing a spike in electricity demand. Residents report 2–5 hour daily cuts, with key areas like Alambagh and Gomti Nagar affected. UPPCL cites a 20% surge in demand, managing it with rotational cuts. The government is seeking extra supply and urging citizens to […]
China solar unit defaults on $665m bond amid 700% share rally
SHANGHAI : A unit of GCL-Poly Energy Holdings defaulted on a US$500 million (S$665 million) bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings announced the default in a Monday (Feb 1) exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading […]
Gaza installs China-funded solar energy panels for children’s hospital amid severe power shortage
GAZA, Oct. 12 : A Palestinian charity signed on Monday a deal with the Gaza Health Ministry to supply and install China-funded solar energy panels for a children’s hospital in Gaza city. “This project will provide 90 percent of the hospital’s electricity in all its departments, with a capacity of 30 megawatts,” said Maamoun Abu […]