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renewable energy power

Stung By Gas Volatility, GAIL Plans Bigger Clean Energy Footprint

Gas major GAIL (Gas Authority of India Limited), which owns the largest gas pipeline network in India besides a presence across the gas value chain, especially the distribution side of it, is quietly adding a larger clean energy component to its future plans. After announcing  it’s strong Q1 results for FY 23, the company, which […]

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Brazil Adds Over 500 MW Of Wind, Solar Energy In July

The power sector regulator of Brazil – ANEEL– has announced there has been an addition of about 514.63 MW of solar and wind power capacity to the renewable energy basket in the previous month of July. The data shared by ANEEL revealed that the solar farms had contributed for the majority of the renewable additions […]

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Shell Completes Acquisition Of Renewables Platform Sprng Energy Group

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed 100% acquisition of Solenergi Power Private Limited and along with it, the Sprng Energy Group of Companies from Actis Solenergi Limited (Actis)- a leading global investor in sustainable infrastructure Sprng Energy, set up in 2017 by Actis, is a renewable energy […]

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Torrent Power Q1 FY23: Profit Sees Two-Fold Surge

Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […]

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Skyline Clean Energy Fund Acquires Biogas Facility in Canada

Skyline Clean Energy Fund (SCEF), an Ontario-based investment fund firm for renewable and clean energy production, has purchased a Lethbridge-based biogas factory. Skyline Clean Energy Fund has purchased all the shares in Lethbridge Biogas General Partner Inc. and the units in Lethbridge Biogas LP. 120,000 tonnes of organic waste can be converted into renewable natural […]

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Varun Mehta Is Torrent Power’s New Director On Board In Succession Plan

Varun Mehta has been appointed to the Board of Torrent Power as Director. This move makes him the second third-generation member from the family to be elevated in a week’s time. This announcement comes close on the heels of the elevation of Aman Mehta, the son of Chairman, Torrent Group, Samir Mehta, to the board […]

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Ørsted Collaborates With Vietnamese Energy Player For Wind Projects

Danish utility and global offshore wind leader Ørsted has declared that it has signed a memorandum of understanding (MoU) with Vietnamese energy contractor PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C). This partnership will pave the way for a collaboration for the development of offshore wind projects in Vietnam and globally between the two […]

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Brookfield Renewable Invests $3 Billion In Growth Initiatives In Second Quarter

Brookfield Renewable Partners has reported financial results for the three and six months ended June 30, 2022. The Canada-based company has held that it had invested heavily for the growth of the businesses. Connor Teskey, CEO of Brookfield Renewable, declared, “The business performed well this quarter, as we delivered strong financial results, commissioned 1,000 megawatts […]

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Lok Sabha Passes Energy Conservation Amendment Bill 2022

The onslaught of climate change is forcing countries to reduce their carbon footprints and move towards clean forms of energy sources to decarbonize their economies to protect the planet from the rising temperatures. The Lok Sabha (House of Commons) of the Parliament has passed the Energy Conservation (Amendment) Bill, 2022, in a bid to promote […]

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