Month: May 2024

Sembcorp secures solar, gas PPAs in Singapore

Sembcorp Power Private Limited, a unit of Sembcorp Industries Limited, has secured two power purchase agreements (PPAs) from United States-based Equinix Incorporation to supply renewable and conventional energy for up to 18 years in Singapore. […]

Adani Power reports profit of Rs 208.29 billion in 2023-24

Adani Power Limited has recorded a net profit of Rs 208.29 billion during 2023-24, registering an increase of 94.17 cent, compared to the net profit of of Rs 107.27 billion recorded in the previous year. […]

Vikram Solar secures LoI for 250 MW module order from GIPCL

Vikram Solar has secured a letter of intent (LoI) for 250 MW module order from Gujarat Industries Power Company Limited (GIPCL). The modules will be supplied under the government’s Approved List of Models and Manufacturers. […]

Avaada Energy secures loan worth Rs 11.9 billion from SBI for solar project

Avaada Energy has secured a loan of Rs 11.90 billion from the State Bank of India (SBI) to facilitate a new solar venture in Gujarat. The financing, structured as a 20-year project loan, will support […]

SPNEC to commence construction on 2.5 GW solar project by 2024-end

SP New Energy Corporation (SPNEC), under the leadership of MGen Renewable Energy Incorporation (MGreen), has announced plans to commence construction on the initial 2.5 GW phase of the Terra Solar Philippines Incoration (TSPI) project by […]

AdaniConnex secures $1.44 billion in green funding for data centers

AdaniConnex, a data center solutions provider created as a joint venture between Adani Enterprises and EdgeConnex, has secured sustainability-linked financing worth $1.44 billion to finance its renewable-powered data centers and drive digital infrastructure growth in […]

REC reports profit of Rs 141.45 billion in 2023-24

REC Limited has recorded a net profit of Rs 141.45 billion during 2023-24, registering an increase of 26.67 per cent, compared to the net profit of of Rs 111.67 billion recorded in the previous year. […]

GE T&D secures order from Powergrid to build STAMC in Odisha

GE T&D India Limited has secured orders from Power Grid Corporation of India Limited (Powergrid) to build a state transmission asset management centre (STAMC) in Odisha for Odisha Power Transmission Corporation Limited (OPTCL). The goal […]

KEC International secures order worth Rs 10.36 billion in T&D and cable business

KEC International Limited has secured new orders worth Rs 10.36 billion across its various businesses including transmission and distribution (T&D) and cables. The company’s T&D business has secured orders for T&D projects for setting up […]

Philippines’ DOE to increase national grid capacity by 4 GW during 2024

The Department of Energy (DOE) has announced that approximately 4,164.92 MW of power projects, including renewable and conventional sources, will be operational in the Philippines by the end of 2024. Currently, 835.89 MW of these […]

KPI Green Energy secures 74.3 MW solar project

KPI Green Energy Limited has secured new orders aggregating to 74.30 MW for executing solar power projects. Within this allocation, KPI Green Energy Limited has undertaken 27 MW capacity, which includes 20 MW capacity for […]

MEIL secures 2,000 MW Sharavathi pumped storage project

Megha Engineering and Infrastructure Limited (MEIL) has secured a 2,000 MW pumped storage power project on the Sharavathi river in Karnataka, involving an investment of Rs 80 billion. The Sharavathi river serves as a crucial […]

NTPC declares commercial operation for 57 MW of 90 MW Anta solar PV project

NTPC Limited has declared commercial operation date of first part capacity of 57 MW out of 90 MW Anta solar photovolatic (PV) project at Anta, Rajasthan. With this, the total installed and commercial capacity of […]

NHPC signs MoU with Ocean Sun for implementation of floating solar energy technology in India