In short – India’s power and renewable energy sectors are poised to receive a substantial investment of Rs 17.05 lakh crore. This infusion of funds signifies a significant commitment to bolstering the country’s energy infrastructure and transitioning towards sustainable sources. Such investment is crucial for driving economic growth, enhancing energy security, and mitigating environmental challenges. […]
Renewable energy firm Juniper Green Energy eyes IPO – EQ
In Short – Renewable energy firm Juniper Green Energy sets sights on IPO, capitalizing on surging demand for sustainable investment opportunities. The move reflects confidence in the market’s appetite for clean energy ventures and signals potential growth opportunities in the renewable sector. In Details – As of February, the company had an operational portfolio of […]
Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers – EQ
In Short – Microsoft commits over $10 billion to expand renewable energy capacity for data centers, advancing sustainability goals. This strategic investment underscores a dedication to clean energy and reducing environmental impact while supporting digital infrastructure growth. In Details – Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion […]
UFlex partners with Amplus Phoenix for renewable power at Dharwad plant – EQ
In Short – UFlex collaborates with Amplus Phoenix to integrate renewable power at its Dharwad plant. This partnership underscores UFlex’s commitment to sustainability by reducing carbon emissions and reliance on traditional energy sources. By leveraging Amplus Phoenix’s expertise in renewable energy solutions, UFlex aims to enhance operational efficiency while contributing to India’s renewable energy goals. […]
Webel Solar poised for growth amid India’s renewable energy drive – EQ
In Short – Webel Solar is positioned for substantial growth amidst India’s renewable energy drive. As the nation intensifies its focus on clean energy, Webel Solar’s expertise and capabilities in solar technology are poised to play a pivotal role. With increasing demand and supportive government policies, the company is well-positioned to capitalize on emerging opportunities […]
DVC enters into agreements for Renewable Energy bundling – EQ
In Short – DVC’s entry into agreements for Renewable Energy bundling demonstrates its commitment to sustainability. By combining renewable sources with conventional energy, DVC aims to enhance energy efficiency and reduce carbon footprint, contributing positively to India’s renewable energy goals. In Details – DVC is one of the pioneers to enter into a Power Purchase […]
Fitch Ratings affirms Clean Renewable Power’s USD 363 mn notes ‘BB-‘ rating with stable outlook – EQ
In Short – Fitch Ratings maintains stability, affirming Clean Renewable Power’s USD 363 million notes at ‘BB-‘ with a stable outlook. This underscores investor confidence and the company’s financial robustness, emphasizing its resilience in renewable energy investments. In Details – NEW DELHI: Fitch Ratings on Thursday affirmed Hero Future Energies arm Clean Renewable Power (Mauritius) […]
Sunrock DG and Nelnet Partner for Renewable Distributed Generation Projects – EQ
In Short – Sunrock DG and Nelnet join forces for renewable distributed generation projects, synergizing expertise to propel sustainable energy solutions forward, fostering innovation in distributed generation and contributing to a greener energy landscape. In Details – A recent example of a Sunrock Distributed Generation solar project. The partnership with Nelnet, Inc. will give […]
State-owned NTPC targets 5GW power generation capacity addition in FY25 – EQ
In Short – State-owned NTPC aims to add 5GW to its power generation capacity in FY25. This strategic move underscores its commitment to bolstering energy infrastructure, contributing to national power needs, and advancing sustainable development goals. In Details – State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition […]
IREDA sanctions record ₹37,354-cr loans in FY24 -EQ
In Short -In FY24, IREDA approves a record-breaking ₹37,354 crore in loans, demonstrating its commitment to financing renewable energy projects and facilitating substantial advancements in the sustainable energy sector.” In Details – State-run Indian Renewable Energy Development Agency (IREDA) has sanctioned a record ₹37,354-crore loans and disbursed loans worth ₹25,089 crore in FY24, its highest […]