In Short : Axis Energy has received APERC approval for 400 MW of wind-solar hybrid projects in Andhra Pradesh through four SPVs. These projects, aligned with the state’s BBB scheme, aim for high efficiency and stable tariffs. The initiative supports Andhra’s 2030 renewable energy targets, promotes job creation, and boosts clean energy innovation in the […]
Axis Energy commissions 445-MW solar plant in Rajasthan – EQ Mag Pro
Axis Energy Ventures India on Saturday said it has commissioned a 445 MW solar plant in partnership with Brookfield Renewables in Rajasthan. In a statement, Axis Energy Ventures India Private Limited said the project is part of the joint venture platform ‘ABC Renewables’ — signed with Brookfield Renewables — to set up a 5 gigawatt […]
Brookfield in talks to invest $800 million in ReNew Power
Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]
Appellate Tribunal stalls Axis Energy’s PPA withdrawal
Axis had signed 21 contracts with Andhra’s discom for procuring 776 MW of wind capacity. BENGALURU: The Appellate Tribunal for Electricity (APTEL) has restrained Andhra Pradesh’s power regulator from withdrawing approval for power purchase agreements (PPAs) signed with renewable energy developer Axis Energy. Axis had signed 21 contracts with Andhra’s discom for procuring 776 MW […]