CMRL Wins Global Award for Sustainable Urban Mobility
Avaada to Invest Rs 1 Tn as it Scales Clean Energy Portfolio
Avaada Group has unveiled an aggressive five-year investment plan as it looks to deepen its presence across the clean energy value chain and capture rising demand from emerging sectors. The integrated clean energy company said it will invest Rs 1 trillion over the next five years and expand its workforce by 10,000 people within the next three years, marking one of its largest growth commitments to date.Vineet Mittal, chairman of the group, said the strategy aims to strengthen the company’s self-reliant ecosystem while scaling vertically integrated capabilities. “We want to become the world..
Havells to Buy 26% Stake in Solar SPV for Long-term Captive Power
Havells India has approved the acquisition of a 26 per cent stake in Kundan Solar (Pali), a Special Purpose Vehicle (SPV) formed to develop, install, operate and maintain a solar power plant. The investment is aimed at strengthening the company’s transition toward green energy while reducing reliance on fossil fuel–based power.Kundan Solar will develop a 15 MWac solar power plant, for which Havells plans to enter into a long-term Power Purchase Agreement (PPA) of up to 25 years. As per existing electricity regulations, a minimum 26 per cent shareholding is required to qualify as a captive ..
Waaree Group Secures 10 MWh Battery Storage Project in Tamil Nadu
Waaree Group has won a new battery energy storage system (BESS) project in Tamil Nadu, strengthening its presence in the fast-growing energy storage segment. The company said the order has been placed by a leading infrastructure development firm and involves supplying and deploying a 10 MWh BESS solution in the state.The project marks an important step in meeting the rising demand for flexible and dispatchable power as renewable energy capacity expands across India. Battery storage systems are increasingly being integrated into solar and wind projects to stabilise supply, smoothen interm..
