SMBC, AIIB, ICG to Invest $250M in Amp Energy India for Expansion
Morocco to expand energy capacity by 9 gigawatts; 6.5 for renewables
Leila Benali, Energy Minister, Morroco, speaking at a conference on batteries in Rabat, revealed that out of the $7 billion investment planned by Morocco to expand its energy capacity by 9 gigawatts by 2027, 6.5 gigawatts would be attributed to renewables. Currently, renewable capacity stands at 4.5 gigawatts, comprising 37.6 % of the total capacity, as reported by the electricity regulator.
Since 2009, Morocco has allocated $6 billion to renewable projects, aiming to raise their share in the country's energy blend to 52% by 2050, primarily through investments in solar and wind energy. ..
Enfinity Global Inc. secures $135 mn financing with CPP Investments
Enfinity Global Inc. has finalised a $135 million financing agreement with the Canada Pension Plan Investment Board (CPP Investments) for the development and implementation of 1.2 gigawatts (GW) of solar and wind projects spanning five Indian states.
"The projects in this portfolio, spread across five states (Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh), are in advanced stages of development and are expected to be commissioned between 2025 and 2026," the company said in a statement.
Carlos Domenech, CEO, Enfinity Global, highlighted the significance of renewable ..
Morocco to expand energy capacity by 9 gigawatts; 6.5 for renewables
Leila Benali, Energy Minister, Morroco, speaking at a conference on batteries in Rabat, revealed that out of the $7 billion investment planned by Morocco to expand its energy capacity by 9 gigawatts by 2027, 6.5 gigawatts would be attributed to renewables. Currently, renewable capacity stands at 4.5 gigawatts, comprising 37.6 % of the total capacity, as reported by the electricity regulator.
Since 2009, Morocco has allocated $6 billion to renewable projects, aiming to raise their share in the country's energy blend to 52% by 2050, primarily through investments in solar and wind energy. ..
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..