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Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy

Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”).  It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […]

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Tata Power Renewable Energy bags 100 MW solar project in Karnataka under NSM

Tata Power Renewable Energy (TPREL) has bagged two solar grid connected photovoltaic projects of 50 MW capacities each in Pavagada Solar Park in the Tumkur district of Karnataka. The projects have been awarded through OPEN category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-Il Tranche-l under ‘State Specific Bundling Scheme’. TPREL has received […]

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Duke Energy Renewables enters New Mexico with a 25-MW Caprock Solar Power Project

Duke Energy Renewables has announced that the construction of 25-megawatt (MW) Caprock Solar Power Project near Tucumcari in Quay County, New Mexico has started. The project is expected to complete later this year, once completed it will generate enough energy to power about 5,000 average homes. Power from the project will be sold to Western […]

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MNRE to launch a Renewable Energy mobile apps for solar and wind power bids and projects: Piyush Goyal

Minister of State (IC) for Power, Coal and New & Renewable Energy, Piyush Goyal on Wednesday launched ‘Contract Labour Payment Management System’- a portal of Coal India Limited (CIL).Goyal also felicitated employees of his Ministries, Public Sector Undertakings and organization/Statutory bodies for their path breaking work towards lighting up India in last two years. Speaking on […]

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Tata Power to acquire renewable energy assets of Welspun Group: Report

Tata Power is reportedly gearing up to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 MW portfolios of operational solar and wind farms. The ET citing sources close to the company reports that the deal may be valued at close to $1.45 billion inclusive of debt. Both the companies are in final […]

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Orange Renewable signs PPA with SECI for 100-MW solar power project in Maharashtra

Orange Renewable on Friday signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for development of a 100-MW solar power project in Maharashtra. As per the agreement the 100 per cent subsidiary of Singapore-based AT Holdings Pte, Orange Renewable will develop a 100 megawatt (MW) solar power project under Jawaharlal Nehru […]

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Infosys to Meet 100% Power from Renewable Energy Sources

Infosys announces to rollout a 6.6 MW Solar Photovoltaic (PV) power on its existing Pocharam premises in the state Telangana. The new launch will integrate with the existing 0.6 MW housetop solar plant which is claimed to become the first corporate campus in India running on 100% renewable energy. The plant, with an aggregate limit […]

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