$176 million invested by Boeing in Canadian aerospace

23 May 2024 CW Team

Boeing has agreed to sell Ottawa Poseidon military surveillance aircraft in exchange for an investment of $176 million over three years in three Canadian aerospace development projects. In November of last year, a contract for C$ 5.9 billion was agreed between the United States and Canada to buy up to 16 Poseidons and associated equipment. Boeing committed to making investments in Canadian businesses as part of the deal.

The C$240 million will be split between an aerospace innovation zone, a centre dedicated to the development of a four-seat air taxi, and a company that conducts research on enhanced landing gear in the province of Quebec. According to Brendan Nelson, President of Boeing Worldwide, these investments demonstrate Canada's leadership in aviation and Boeing's steadfast dedication to the nation.

Infrastructure Energy

07 Oct 2025

Adani Green Adds 113 MW At Khavda, Capacity Hits 16.6 GW

Adani Green Energy Limited (AGEL) announced that it has operationalised 112.5 megawatts (MW) of renewable power projects at Khavda in Gujarat, raising its total generation capacity to 16,598.6 MW.The company said in an exchange filing that its step-down subsidiary, Adani Renewable Energy Fifty Six Limited, has commissioned a solar project of 87.5 MW, while Adani Green Energy Twenty Five B Limited has operationalised a 25 MW hybrid project at the same site.Following the required regulatory clearances, the company began power generation on 30 September 2025.With these additions, AGEL’s total o..

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..