+
Nala Renewables Buys Onshore Wind Project from OX2
POWER & RENEWABLE ENERGY

Nala Renewables Buys Onshore Wind Project from OX2

Commodity trader Trafigura's Nala Renewables, a joint venture equally owned by Trafigura and funds managed by IFM Investors, has finalized the acquisition of a significant 99.2 megawatt (MW) onshore wind project situated in eastern Romania. This project was previously held by the renewable energy company OX2.

Trafigura announced that this acquisition represents Nala Renewables' third investment in Central and Eastern Europe (CEE) within the current year. While the company refrained from disclosing the financial terms of the deal, it emphasized that Nala Renewables now manages over 1.5 gigawatts (GW) of renewable energy projects in the region.

The construction phase of this new wind project is slated to begin in the third quarter of the current year. The development will feature a total of 16 wind turbines of the Vestas V162-6.2 MW model. The operational testing of these turbines is projected to commence in the first half of 2026.

Commodity trader Trafigura's Nala Renewables, a joint venture equally owned by Trafigura and funds managed by IFM Investors, has finalized the acquisition of a significant 99.2 megawatt (MW) onshore wind project situated in eastern Romania. This project was previously held by the renewable energy company OX2. Trafigura announced that this acquisition represents Nala Renewables' third investment in Central and Eastern Europe (CEE) within the current year. While the company refrained from disclosing the financial terms of the deal, it emphasized that Nala Renewables now manages over 1.5 gigawatts (GW) of renewable energy projects in the region. The construction phase of this new wind project is slated to begin in the third quarter of the current year. The development will feature a total of 16 wind turbines of the Vestas V162-6.2 MW model. The operational testing of these turbines is projected to commence in the first half of 2026.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?