Adani Group to invest $10 billion in US energy, infrastructure projects
Adani Group chairman Gautam Adani said this week the Group will invest $10 billion in US energy security and infrastructure projects, creating up to 15,000 jobs in America.
NTPC Green sets the price band for its INR 10,000 crore public issue
NTPC Green Energy intends to utilize the net proceeds from the fresh issuance to the extent of INR 7,500 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by its wholly owned subsidiary, NTPC Renewable Energy Ltd (NREL). The balance will go towards general corporate purposes.
IndiGrid, BII, and Norfund form $300 million platform to develop greenfield transmission and BESS projects in India
IndiGrid has partnered with British International Investment (BII) and Norfund to form a $300 million platform, EnerGrid, to develop greenfield transmission and standalone battery energy storage system (BESS) projects in India.
Driving India’s green energy transition: Effective government policies and incentives
If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.
Reliance Power claims ‘fraud’ by third party, to challenge SECI ban
In a stock exchange filing later today, Reliance Power said it will take all legal steps to challenge SECI’s action that bars the company from participation in future government tenders for three years.
Anil Ambani’s Reliance Power debarred from participating in SECI’s tenders for three years
The debarment follows the submission of a fake document by Reliance Power’s arm Maharashtra Energy Generation Ltd (the ‘bidder’), now known as Reliance NU BESS Ltd, in response to SECI’s tender for setting up 1 GW/2 GWh of standalone battery energy storage (BESS) projects.
Rajesh Power Services plans to raise around INR 150-160 crore through IPO
The Gujarat-based EPC service provider for the power sector intends to utilise part of the net proceeds for in-house development of technical expertise in the production of green hydrogen and associated equipment such as electrolysers.
India re-elected as president of International Solar Alliance
The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.
India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
