Serentica Renewables secures Rs 100 bn contracts
Tata Power commits Rs 700 bn for 10,000 MW hybrid Renewables in Gujarat
Tata Power Renewable Energy inked a Memorandum of Understanding (MoU) worth Rs 700 billion with the Gujarat government, marking the largest agreement by a private entity in the renewable energy sector during the second day of the 10th Vibrant Gujarat summit. The MoU outlines plans to establish 10,000 MW of hybrid renewable energy projects in the state, with project locations including Dholera in Ahmedabad, Khavda in Kutch, and Banaskantha.
The proposed investments for solar, wind, and other hybrid projects are slated over a five-year period, commencing in 2024-25. These initiatives are..
Sterlite Power secures Rs 14 bn orders for Power Transmission Solutions
Suzlon wins 204 MW wind energy project for Serentica Renewables
Suzlon, a provider of renewable energy solutions, has secured a 204 MW wind energy project from Serentica Renewables. According to a company statement, Suzlon Group has received a substantial order for its 3 MW series of wind turbines from Serentica Renewables, a decarbonisation platform dedicated to accelerating the energy transition for energy-intensive industries.
The specific value of the project was not disclosed by the company. Under the agreement, Suzlon will install 68 wind turbine generators (WTGs) with a rated capacity of 3 MW each, featuring a Hybrid Lattice Tubular (HL..
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..