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Adani Energy Solutions Raises Rs 8,373 Crore From QIP Route

Gujarat-based Adani Energy Solutions Limited (AESL), recently completed its Rs 8,373 crores (USD 1 billion) Qualified Institutional Placement (QIP). This QIP marks AESL’s first equity raise in the capital market since its demerger and listing from Adani Enterprises Limited (AEL) in July 2015. Adani Energy has a base deal size of Rs. 5,861 crore (USD […]

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SECI Issued 8.4 GW Green Project Tenders In 2023-24: Data

The Solar Energy Corporation of India Limited (SECI) in its recent statement said that it has been able to issue renewable energy tenders of upto 8440 MW in 2023-24. The central tendering authority recently talked about its annual performance in the last fiscal year. It also declared financial results of the company. “In FY24, SECI […]

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IITM Research Park Launches 1MWh Battery Storage System

On August 5, 2024, the Indian Institute of Technology Madras (IITM) research park launched the first-of-its-kind large-scale 1MWh lithium-ion battery storage system. The launch was done in the presence of Michelle Lujan Grisham, Governor of New Mexico. The storage system, designed and developed by the Center for Excellence in Energy & Telecommunications (CEET) is  part […]

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With A Focus On Gujarat, BHEL Executes 1155 MW Solar Projects

Shripada Yesso Naik, Minister of State (MoS) for the Ministry of New and Renewable Energy (MNRE) said that BHEL (Bharat Heavy Electricals Limited) has executed solar energy projects of up to 1,155 MW. The minister shared the figures in his recent statements before the Lok Sabha. As per the information shared by the minister, the […]

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Saatvik Solar Appoints Abani Kant Jha As CFO

Saatvik Solar, a leading solar PV module manufacturer in India, has appointed Abani Kant Jha as its new Chief Financial Officer (CFO). With over 25 years of extensive experience across diverse industries, Jha brings his expertise to bolster Saatvik Solar’s financial leadership and drive its ambitious growth plans. An engineer by training, Jha’s versatile career […]

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Proposal Engineer (Hydrocarbon / Fiscal metering Segment / Analytical Systems)

Engaging with the Emerson Sales team and creating professional proposals that address customer needs while highlighting the advantages of partnering with Emerson. Responsibilities:- Engaging with Sales Team – Collaborate closely with the Sales team. Understand their insights, customer interactions, and market dynamics. Effective communication is key. Leading Diamond Model Stakeholders – As a leader, guide the Diamond Model collaborators  team throughout the proposal […]

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J&K: 100 Tribal Villages to Achieve Self-Sufficiency with RE

In a bid to push renewable energy in the rural parts of Jammu and Kashmir, the state government has decided to provide 100% green energy to 100 tribal villages. The local administration recently held a meeting in this regard to identify these 100 tribal villages in the region. The initiative is a part of the […]

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BluPine Energy On Track To Achieve Its RE Targets: Rahul Mishra

BluPine Energy started operations in India in 2021. Since then what were the major milestones for the firm? BluPine started its Commercial and Industrial (C&I) segment in 2022. Since then, we have secured around 400 MW of C&I projects in states like Karnataka, Maharashtra, and Chattisgarh. The company has planned to add a cumulative renewable […]

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IEX Energy Exchange July Update- Traded Volumes Up 56% YoY

Indian Energy Exchange (IEX) achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY for IEX in July. Green electricity volume during the month at 1 BU, grew 259% YoY. The renewable energy certificates (REC) at 3,150 […]

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