On his expectations from the government for the domestic power and renewable energy sectors in the upcoming budget, Sinha said interest rates should be brought down for the rate-sensitive sector. Assocham president Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates […]
Karnataka has highest installed grid-interactive renewable power capacity in India: RBI report – EQ Mag
New Delhi: Karnataka came at the top position while comparing the total installed capacity of grid-interactive renewable power of all the states of the country. The state had a total installed capacity of 15,463 megawatts (mw), according to an RBI publication. Tamil Nadu, with 15,225 mw, came at the second; Gujarat, with 13,153 mw, was […]
Excel Realty N Infra to enter renewable power segment through Joint Venture
Excel Realty N Infra has announced diversification and said that it will focus its business activity into Solar Industry. The company says that India’s solar energy sector provides massive opportunities for growth. Solar energy in India has had a noticeable impact on the energy scenario in the past few years, the company said in its […]
Supply of upto 500 MW Renewable Power for Vedanta’s Operation – EQ Mag Pro
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is the world’s, Leading Oil & Gas and Metals company, having operations across India, South Africa, Namibia, and Australia. Vedanta is ‘Transforming For Good, which will see the company transition its operations to green enersy: For this, Vedanta targets to secure 3000 MW of Renewable Power by […]
Syngene to acquire 26% stake in renewable power producer O2 Renewable Energy – EQ Mag Pro
Syngene International said that it has entered into an agreement for the purpose of acquisition of renewable power by acquiring equity stake up to 26% in O2 Renewable Energy II. O2 Renewable Energy II is special purpose vehicle formed by O2 Energy SG, for generation and supply of renewable power. “To enhance the renewable based […]
Sembcorp to supply renewable power to Saint-Gobain for 25 yrs – EQ Mag Pro
Leading power producer Sembcorp on Tuesday said it has signed an agreement to supply 33 MW of electricity generated from renewable sources to Saint-Gobain’s manufacturing facilities for 25 years, helping the construction material firm meet its carbon reduction targets. ”Saint-Gobain India and Sembcorp Green Infra’s (SGIL) subsidiary Green Infra Wind Energy Ltd (GIWEL) have partnered […]
Shell to acquire Sprng Energy group, one of India’s leading renewable power platforms
National : Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), today signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies. Sprng Energy supplies solar and wind power to electricity distribution companies in […]
Profitability Of Solar, Wind Farms Erodes As Renewable Industry Gains Heft – EQ Mag Pro
India aims to more than treble its renewable power capacity by 2030 to wean the economy away from pricey fossil fuels and clean up toxic air in its cities. But profitability of the nation’s privately owned solar and wind farms remains strained, putting future investments at risk. Operating income on every megawatt of power declined […]
Niger Seeks Renewable Power Alongside Revived Gas Link to Europe – EQ Mag Pro
Niger seeks to boost renewable energy projects, but fossil fuels will remain important to the West African nation’s economy as it supports a renewed effort to build a natural gas pipeline to Europe, according to its energy minister. “The transition might take a bit longer than expected, especially looking at the current events,” Minister Mahamane […]
Participation in Global Renewable Energy Company, Mainstream Renewable Power – EQ Mag Pro
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed with Aker Horizons ASA (“Aker Horizons”), to participate in its subsidiary Mainstream Renewable Power Limited (“Mainstream”), which is a renewable energy company. Mitsui will, by way of share subscription, acquire a 27.5% equity stake in the holding company of Mainstream, […]