In Short : Waaree Renewable, a company specializing in renewable energy solutions, is aiming for significant growth in its Engineering, Procurement, and Construction (EPC) business. This strategic focus aligns with the increasing demand for renewable energy projects and reflects the company’s commitment to expanding its presence in the sector. In Detail : Waaree Renewable Technologies […]
Shell agrees to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners – EQ
In Short : Shell has reached an agreement to sell a partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. This transaction reflects Shell’s ongoing efforts to optimize its portfolio and align with strategic priorities, potentially supporting the growth of renewable energy initiatives through collaboration with InfraRed Capital Partners. In Detail […]
Brookfield forms a joint venture with Axis Energy Ventures to develop renewable energy projects – EQ
Mumbai : Brookfield and Axis Energy Ventures today announced their second joint venture partnership to establish a renewable energy development platform. Axis Energy Ventures will contribute their existing development pipeline of wind and solar power projects which are spread across the country and at various stages of development. Brookfield, through the Brookfield Global Transition Fund […]
ONGC (Oil and Natural Gas Corporation) has signed a Memorandum of Understanding (MoU) with NTPC Green Energy Limited to collaborate on the development of renewable energy projects – EQ
In Short : ONGC (Oil and Natural Gas Corporation) has signed a Memorandum of Understanding (MoU) with NTPC Green Energy Limited to collaborate on the development of renewable energy projects. This partnership highlights ONGC’s commitment to diversifying its energy portfolio and promoting sustainability. By working together, the two entities aim to contribute to India’s renewable […]
Serentica Completes Debt Funding for its Renewable Energy Projects; Secures ~INR 3000 crores from REC – EQ
Serentica raised a total of INR ~5600 crores debt funding from two of the biggest public sector lenders – REC and PFC New Delhi : Serentica Renewables (“Serentica” or the “Company”), a leading C&I focused renewable energy developer in India, announced the completion of ~INR 3000 crores of debt funding from REC Limited – one […]
Mandatory storage for renewable energy projects likely – EQ
The Centre looks likely to mandate renewable energy projects with more than 5 megawatt (MW) capacity to install energy storage systems (ESS). In its recently released national framework for promoting energy storage systems, the ministry of power said such ESS capacity may be considered during the bidding stage itself and can either be collated with […]
IREDA and IIFCL team up to finance renewable energy projects – EQ
Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd (IIFCL), to finance renewable energy projects. The MoU will empower IREDA and IIFCL to engage in Co-Lending / Co-Origination and Loan Syndication for all categories of Renewable Energy projects, including Small Hydro projects. Both organisations […]
Capital outlay on roads, renewables seen rising ~35% in this and next fiscals to Rs ~13 lakh cr, backed by strong execution pace – EQ
Conducive policy milieu, healthy leverage, strong investor interest to keep credit profiles stable The pace of construction of roads and capacity addition in renewables is seen increasing 25% (refer to chart 1 in annexure) and 33% (refer to chart 2 in annexure), respectively, over the current and next fiscals. This bodes well for the economy, […]
AP CM Jagan lays stone for 3 renewable energy projects with 5,314 MW capacity – EQ Mag
Speaking on the occasion after laying foundation stones from the Camp Office, CM Jagan said the projects will help Andhra Pradesh become number one in green energy Amaravati : Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday virtually laid the foundation stone for three renewable energy projects for producing 5,314 MW of power […]