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Borosil Renewables, Clean Max in Deal For 16.50 MW Hybrid Power

Borosil Renewables has now completed buying a 49 percent stake in Clean Max Prithvi Private Limited (CMPPL), a subsidiary of Clean Max. CMPPL was incorporated on March 14, 2023. The company has set out to construct and operate hybrid solar and wind power plants. CMPPL has not yet initiated its operations; however, its acquisition is […]

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Aditya Birla Renewables Raises Rs. 2,500 Cr Through NCDs

Aditya Birla Group’s renewable energy arm, Aditya Birla Renewables Limited (ABReL), has successfully secured Rs. 2,500 crore through a private placement of non-convertible debentures (NCDs). These NCDs have a face value of Rs. 1 lakh each, for an aggregate amount of up to Rs. 2,500 crore, inclusive of a base issue size of up to […]

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Powergrid Bags Khavda 7GW RE Transmission Project

The Powergrid Corporation of India Limited (PGCIL) announced a new renewable energy evacuation project from Khavda in Gujarat. The Central Public Sector Enterprise (CPSE) informed the stakeholders regarding the latest development in its filing before the stock exchange. As per the plan, the company with this project will help in evacuating 7 GW of green […]

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Powergrid Wins Bid To Boost ISTS RE Transmission Lines

In a further boost to the expansion of Inter-State Transmission System (ISTS) renewable transmission lines, Powergrid has bagged a project to augment transmission lines in Rajasthan. The Central Public Sector Enterprise shared the development in its latest filing before BSE. The public sector enterprise was declared a successful bidder for the same under a Tariff-based […]

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Global RTS Achieves 15% Growth In 10Yrs, Hits 105 GW: CEEW

The global transition to solar photovoltaic (PV) technologies, particularly distributed solar or rooftop solar (RTS), is playing a pivotal role in helping economies like India, China, the US, Japan, and Australia meet their net-zero targets. A recent study by CEEW, “Global Perspectives on Rooftop Solar Energy A Deep Dive on How Leading Economies Advance Rooftop […]

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DERC Allows SCOD Extension To Tata Power For Hybrid Project

In some relief for the developer, the Delhi Electricity Regulatory Commission (DERC) allowed Tata Power Renewable Energy an extension for its Karnataka hybrid project. The company is now developing a 510 MW of wind-solar hybrid project in the state. The order of state power regulator came to the fore after Tata Power Renewable Energy filed […]

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Borosil Renewable In Deal With Clean Max For Green Energy

Indian solar glass manufacturer Borosil Renewable has announced acquiring 49 percent stake in Clean Max Prithvi Pvt Ltd (CMPPL) and Clean Max Enviro Energy Solutions Pvt Ltd. The Mumbai-based company in its recent filing before the Bombay Stok Exchange (BSE) said. Indian open access law requires offtakers to acquire proportionate stakes in firms supplying green […]

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NHPC Revises MoU With Maharashtra Govt For 7,350 MW PSPs

On September 3, State owned NHPC (National Hydroelectric Power Corporation Private Limited) said that it has re-entered a memorandum of understanding (MoU) with the Maharashtra’s Department of Water Resources (WRD) for 7,350 MW renewable energy storage systems. The MoU aims to establish energy storage systems, specifically pumped storage projects (PSPs), in the state of Maharashtra. […]

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Inox Wind’s EPC Arm Resco Global To Raise 350cr Equity

Indian wind energy company Inox Wind Limited (IWL) today announced that the board of its subsidiary, Resco Global Wind Services Pvt. Ltd. (Resco Global), an EPC Projects company, has approved Rs 350 crore equity raise from marquee investors for a single digit stake. The funds will be utilized to scale up the business offerings and […]

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