Home » Daily Newsletter » Suzlon Acquires 51% Stake In Wind O&M Services Firm Renom
Suzlon Group, India's largest renewable energy solutions provider, has executed definitive agreements for the acquisition of a 76% stake in Renom Energy Services Private Limited (“Renom”), in two tranches, from the Sanjay Ghodawat Group (SGG). Renom is the largest Multi Brand Operations and Maintenance service...
A new report by Centre for Science and Environment (CSE), which focuses on gathering data and information especially from the perspective of farmers on on-ground implementation of the scheme, has offered a roadmap to help PM-KUSUM strike its targets. The report, titled Implementation Challenges of...
The solar industry is shining brighter than ever in 2024, thanks to advancements in solar technology in recent times. The past year has seen an incredible surge in solar power installations, taking the world’s total installed capacity to an impressive 1.6 TWdc. China is responsible...
Blueleaf Energy, a pan-Asian renewable energy platform owned by a Macquarie Asset Management managed fund, today announced the financial close of its 200-megawatt (MW) wind-solar hybrid power plant under development in Madhya Pradesh, India. Blueleaf has secured project financing of approximately USD 170 million from...
The Bihar State Power Generation Company Limited (BSPGCL) has issued a tender to boost the growth of solar power plants along selected canals (canal solar) in the state. The state nodal department has identified five locations in the state where these plants will be installed....
Servotech Power Systems Ltd., a manufacturer of solar solutions and EV chargers has secured a total of 1.2 MW order worth approximately Rs. 10.20 crores for the deployment of grid-connected solar energy storage systems (ESS). The order has been secured from the Rural Development Department...
Odisha has now topped the list for extending the widest coverage of energy efficient LED bulbs under the Union government's Ujala scheme. The latest information furnished by the Union Minister for New and Renewable Energy Manohar Lal Khattar revealed that compared to other states, the...
The Rockefeller Foundation released a new report which talked about the important role played by India in the overall energy transition in Asia. It appreciated the role of the country and deploying renewable energy projects at an 'unprecedented pace'. The report calculated an 8,700 terawatt-hour...
United States (US) has expressed its strong commitment to supporting India's ambitious energy transition efforts, said Jonathan Heimer, Minister Counselor for Commercial Affairs at the US Foreign Commercial Service (FCS). He was speaking at the second Energy Summit of the Indo-American Chamber of Commerce (IACC)...
Tata Power today reported its financial results for the latest quarter (Q1) for financial year 2024-25. The data submitted by the company revealed that the company reported a 13 percent growth in its net profit on a Year-on-Year (YoY) basis. The company reported its highest...
Neuron Energy today concluded its Series A funding round, raising Rs. 20 Crores from investors, including contributions from the Chona Family, a venture capital firm, and Capri Global Family Office, a Non-Banking Financial Company (NBFC). Neuron Energy is an electric vehicle (EV) battery manufacturer that...
International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG today made a $275 Mn investment into Fourth Partner Energy (FPEL). IFC is a global impact investor and DEG is a German investment and development company. The consortium's investment will infuse capital to fund FPEL's...
The Gentari Go app has been officially launched in India, part of Gentari Green Mobility India's foray into the Indian sustainability market. The app is designed to be an integrated, all-in-one customer experience platform that allows users to seamlessly access clean energy offerings, from home...
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