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Sterling & Wilson Renewable Reports Rs 421 Cr Loss in March Qtr

Renewable engineering, procurement and construction (EPC) solutions provider Sterling and Wilson Renewable Energy has released its financial results for the quarter ended March.  The company clearly continues to ‘clean up’ after Reliance joined as a promoter group, with  consolidated revenue having dipped 92% Y-O-Y, pegged at Rs 421.11 cr. The firm has exited businesses, contracts […]

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BPCL Targets 240 MW Renewables Expansion This Fiscal

Public sector fuel marketing major Bharat Petroleum Corporation (BPCL) is mulling for the development of 240-MW of renewable power capacity this fiscal year of 2023-24. A senior official of BPCL held that the renewable expansion of the firm will be achieved at the cost of Rs 1600 crore. BPCL was in line for divestment by […]

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Climate Trends Report Identifies Challenges For Renewable Energy In Jharkhand

A recent report by Climate Trends and Ernst and Young LLP released on Tuesday hinted at numerous bottlenecks that the renewable energy sector in Jharkhand is grappling with. It comes when the state has already started planning the energy transition from a coal-dominated region to a less carbon economy.  The report said that secondary data hinted that […]

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EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa

The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up […]

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Magenta Mobility Gets Capital Infusion of $22 Mn From bp, Morgan Stanley India Infra

Electric mobility solutions provider Magenta Mobility has revealed that it has concluded a Series A1 funding round, which has rung in USD 22 million equity investment coming in from UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The firm has shared that with the freshly infused capital, it will look at fleet and geographical […]

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Suzlon Onboards J P Chalasani as Chief Executive Officer

A firm that provides clean energy solutions, Suzlon Energy has onboarded J P Chalasani as its CEO. The appointment follows the resignation of Ashwani Kumar attributable to personal reasons. Chalasani had served as the Group Chief Executive Officer of Suzlon from April 2016 to July 2020, following which, he stepped into the role of Strategic […]

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Kapil Maheshwari is Appointed CEO of Welspun New Energy

Welspun New Energy, a subsidiary of Welspun Enterprises Ltd (WEL) has appointed Kapil Maheshwari as its CEO and Executive Director. Before he joined Welspun, Maheshwari was responsible for leading Renewable Energy and Green Hydrogen Ecosystem Development at Reliance Industries. He brings to the table two decades of experience in solar, greem hydrogen, storage, electronics. He […]

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IIT Roorkee, GIC Re Collaborate to Develop Solar Window Technology

The Indian Institute of Technology Roorkee (IIT Roorkee) and General Insurance Corporation of India (GIC Re) have signed a partnership agreement to develop solar window technology that will enhance the solar power generation in India and lead to greater sustainable development. The two entities – IIT Roorkee Development Foundation (IITRDF) and GIC Re – have […]

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Energy Transition and Clean Energy Investment in India Report – 10 Key Takeaways

Several factors effect the green energy transition, such as the developmental aspect. However, the transition is becoming a reality. India’s largest Investment Banking franchise Avendus, in its latest report, Energy Transition and Clean Energy Investment in India, gives a picture of business segments emerging across the green economy value chain. The report also gives an […]

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