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CESL Mulls $10 Billion Tender For 50,000 EV Buses To Decarbonise Public Transport

State-controlled Convergence Energy Services Ltd. (CESL) is looking at floating a $10-billion tender to buy close to 50,000 electric buses to help make public transport carbon emission-free. CESL Managing Director Mahua Acharya has been quoted by a news report as saying, Such tenders are beginning to look like infrastructure projects and local production of electric []

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Mainstream And Aker Offshore Wind Join Hands For 27-GW Portfolio

Renewable energy players Mainstream Renewable Power and Aker Offshore Wind have announced that they have inked an agreement to combine the two companies to create a stronger renewable energy company with a 27 GW portfolio. The official statement of the companies holds that the new company will foray into solar, onshore wind and bottom-fixed and []

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Continuum Energy Raises $350 Million For C&I Renewable Market In India

Singapore-based Continuum Green Energy Ltd, has announced that it has raised $350 million in debt by issuing senior secured floating rate notes to two international institutional investors. The notes have a tenure of 3.5 years and the proceeds will be partly used to refinance debt and finance project construction. The floating rate is linked to []

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Syngene Announces Acquisition of 26% Stake in Ampyr

The corporate sector is bullish about investments in the renewable sector reasoned by the availability of cheap power and compulsions under ESG ambitions. In a latest development, Syngene International has revealed that it is looking to acquire up to 26 per cent equity stake in Ampyr Renewable Energy Resources Eleven, which is a SPV formed []

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NMDC Looking To Invest In Renewable Energy Sources

Mining major National Mineral Development Corporation (NMDC) has set its sights on investment in the renewable energy sector. The information comes from Sumit Deb, Chairman and Managing Director (CMD) of NMDC. The top official of the Central PSU affirmed the quest of NMDC to invest in the renewable energy sector as he said that the []

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Fugro Lends Support To Denmarks Largest Offshore Wind Farm

Netherland-based geo-data specialist, Fugro, has set in motion geotechnical site surveys at RWEs Thor offshore wind farm project. The acquired geo-data will be used to design, produce, and install the major parts of the wind farm, such as the foundations for the turbines and the inter-array and export cables. According to RAW, Thor is set []

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Bihar Development Floated EOI Tender for Setting Up Manufacturing Unit

Bihar Renewable Energy Development Agency (BREDA) has floated a tender for the empanelment of manufacturers of Luminary, Battery, and Solar PV modules for setting up the Manufacturing Unit. BREDA invites the bids through Expression of Interest (EOI).  For participating in these Bihar Development tenders, the bidders need to fulfill the minimum eligibility criteria specified under []

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JSW Steel Pledges Rs 10,000 cr For Renewable Energy Investments

JSW Group Chairman Sajjan Jindal has made a strong pitch for going green in its 2021-22 annual report. With an aim to reduce the carbon footprint of its operations and reduce dependence on coal based power, Jindal said that the company will be investing Rs 10,000 crore to increase its use of renewable energy. The []

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