TAG: "joint venture"

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Mitsubishi Electric to Acquire Stake in HD Renewable Energy

Mitsubishi Electric Corporation announced that it has signed an agreement with HD Renewable Energy Co., Ltd. to collaborate on initiatives that will help realize carbon neutrality. As part of their collaboration, the companies will establish an aggregation business joint venture and Mitsubishi Electric will acquire a stake in HD Renewable Energy.

Joint Venture | February 17, 2025 | By News Bureau |  658

Wärtsilä Renews O&M Agreement with Caparo Power Limited

Wärtsilä has renewed its Operation & Maintenance (O&M) Agreement with Indian energy company Caparo Power Ltd (CPL). This marks the second extension of the original agreement, which was signed in 2010 after the commissioning of CPL power plant in Bawal, Haryana, India. The latest renewal was booked in Q4 2024 and will remain valid for five years.

Joint Venture | January 31, 2025 | By News Bureau |  310

IREDA Forms JV with SJVN, GMR Energy and NEA to Develop 900 MW Hydropower Project in Nepal

IREDA has finalized a Joint Venture Agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydro-electric Project in Nepal. This strategic initiative aims to strengthen regional energy security and accelerate renewable energy growth.

Joint Venture | January 17, 2025 | By News Bureau |  598

Pennar Industries and Zetwerk Manufacturing Form Joint Venture for Solar Module Production

Hyderabad-based Pennar Industries Ltd. has partnered with Bengaluru's Zetwerk Manufacturing Businesses Pvt. Ltd. and other stakeholders to form a joint venture focused on manufacturing and selling solar modules for domestic and international markets.

Joint Venture | January 03, 2025 | By EI News Network |  778

Stellantis and CATL Form JV to Invest Up to €4.1 Billion for LFP Battery Plant in Spain

Stellantis and CATL announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain.

Joint Venture | December 12, 2024 | By News Bureau |  650

Anant Badjatya Appointed as CEO of Indofast Swap Energy

SUN Mobility-IOCL have appointed Anant Badjatya as CEO of their joint venture, Indofast Swap Energy Pvt. Ltd. The venture aims to establish over 10,000 battery-swapping stations across 40 cities in three years, leveraging IOCL's 37,000 fuel stations.

Joint Venture | October 11, 2024 | By EI News Network |  970

AGEL Forms USD 444 Mn JV with TotalEnergies

Adani Green Energy Ltd. (AGEL) has completed a 1,150 MWac joint venture with TotalEnergies, involving a USD 444 million investment. TotalEnergies acquired a 50 percent stake in AGEL's solar projects at the Khavda renewable energy plant in Gujarat.

Joint Venture | October 01, 2024 | By EI News Network |  926

TotalEnergies and Adani Green Energy Form JV for 1,575 MWp Solar Project in Khavda, Gujarat

AGEL will contribute to the joint venture with assets and TotalEnergies will provide an equity investment of USD 444m to support their development.

Joint Venture | September 03, 2024 | By Abha Rustagi |  1253

Samsung SDI Signs Deal with GM to Establish Battery Joint Venture in US

Through the partnership, the two companies will invest approximately USD 3.5 billion to build a new battery cell manufacturing plant with an annual production capacity of 27 GWh initially, targeting mass production in 2027.

Joint Venture | August 29, 2024 | By Aishwarya |  991

Cabinet Approves INR 4,136 Crore For Hydropower Projects in Northeast

The Cabinet’s approval for a CFA scheme aims to develop 15,000 MW of hydropower in North Eastern Region (NER), enhancing grid integration, flexibility, security, and reliability, while boosting local investment and employment.

Joint Venture | August 29, 2024 | By EI News Network |  1058

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