TAG: "SPV"

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Chemplast Sanmar to Acquire Stake in JSW Green Energy Nine for Captive Renewable Power

Chemplast Sanmar and its subsidiary CCVL will acquire stakes in JSW Green Energy Nine to secure wind and solar power under the Group Captive Power Scheme. This move ensures long-term green energy supply, reducing costs and carbon footprint.

SPV | March 03, 2025 | By EI News Network |  164

H.G. Infra Enters Battery Storage Sector with New Subsidiary

H.G. Infra Engineering Ltd. has incorporated H.G. Gujarat Bess Pvt. Ltd., a wholly owned subsidiary and Special Purpose Vehicle (SPV) to enter the battery energy storage sector, aligning with India's renewable energy goals and grid stability initiatives.

SPV | February 06, 2025 | By EI News Network |  2176

SPPC Releases List of Qualified Bidders for First Group of Battery Storage Projects

Saudi Arabia’s SPPC has announced 33 prequalified developers for the first group of its 2GW/8GWh BESS projects. This initiative is part of the kingdom’s push toward 50 percent renewable energy by 2030, with long-term contracts for selected bidders.

SPV | January 07, 2025 | By EI News Network |  690

MNRE Blacklists Solar Firm Over Unfinished Solar Park and Misuse of Funds

MNRE has blacklisted a renewable energy firm for failing to develop a 500 MW solar park in Maharashtra, despite receiving INR 4.10 crore in CFA. The company refunded INR 2.17 crore but must repay the remaining amount with interest.

SPV | January 07, 2025 | By EI News Network |  6500

Bharti Airtel to Acquire 26 Percent Stake in AMP Energy Green Three

Bharti Airtel acquired a 26 percent stake in AMP Energy Green Three for INR 37.89 crore to secure renewable energy from a 50 MW hybrid plant in Rajasthan. The move aligns with captive power regulations and supports Airtel’s green energy goals.

SPV | January 03, 2025 | By EI News Network |  781

Epic Energy Partners with Niva Ecotech to Set Up Solar Park Project in Solapur, Maharashtra

Niva will identify the land and undertake the entire EPC part of setting up the solar park owned by Epic Energy and/or its SPVs, set up for this purpose.

SPV | September 04, 2024 | By Abha Rustagi |  984

PEDA Invites E-Tender for Installation of PV Solar Trees

The Punjab Energy Development Agency (PEDA) has announced an invitation for e-tender for a comprehensive project that includes the site survey, design, supply, installation, testing, and commissioning of fixed Photovoltaic Solar Trees in the state.

SPV | August 03, 2024 | By News Bureau |  766

BluPine Energy Signs PPA with Dalmia Cements for 46.8 MW Solar Project in Karnataka

This venture aims to generate approximately 93 million units of power annually and reduce over 85,000 tonnes of CO2 emissions each year.

SPV | June 12, 2024 | By Abha Rustagi |  1748

Varun Beverages to Acquire Stakes in Huoban Energy 11 and Aspirative Creative Ventures

The decision was formalized during a meeting of the Investment and Borrowing Committee of Varun Beverages' Board of Directors.

SPV | April 12, 2024 | By Abha Rustagi |  1871

RECPDCL Hands Over SPVs for Two Power Transmission Projects to Successful Bidders

RECPDCL played a crucial role as the bid process coordinator for both projects, which were executed through a tariff-based bidding process.

SPV | April 08, 2024 | By Abha Rustagi |  1400

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