Renewable Energy Dominates India's New Power Generation

ReNew Signs $1 Billion Financing Pact with Societe Generale

Leading energy firm ReNew announced on Wednesday that it has entered into an initial agreement with European bank Societe Generale, securing up to USD 1 billion in financing over the next three years. This strategic partnership, formalized through a Memorandum of Understanding (MoU), aims to bolster ReNew?s various energy transition projects in India and internationally.

According to the company's statement, the collaboration will leverage the strengths of both parties to support the development of large-scale energy projects. These include solar and wind energy, complex renewable sol..

MNRE Eases Approval Process for CPSU Solar Parks

In a significant move to streamline the approval process for solar park development, the Ministry of New & Renewable Energy (MNRE) has announced exemptions for central public sector undertakings (CPSUs) and their joint ventures from seeking state government committee approval for infrastructure development and operations & maintenance (O&M) charges.

This decision, communicated through an office memorandum, responds to requests from Solar Power Park Developers (SPPDs) to simplify the approval process. Under the new guidelines, CPSUs and their joint ventures can submit their detailed proj..

Radiance aims to secure $150 million for a 2 GW expansion project

Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company is planning to raise $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions.

In addition to the expansion, Radiance is introducing cu..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..