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With this development, the company’s overall waste heat power generating capacity has risen from 43.15 MW to 45.15 MW, reinforcing its commitment to sustainable energy practices.
Torrent Power’s distribution network covers over 4.13 million customers across major cities in Gujarat, Maharashtra, and Uttar Pradesh.
The acquisition was completed with an aggregate value of about ₹18.95 Crore, including 50,000 equity shares at par (₹10 each) along with the assets and liabilities of the company. The acquisition is subject to adjustments based on the audited accounts of the company as on the acquisition date.
The transaction was finalized with a consideration of ₹18,78,79,037 as per the Share Purchase Agreement.
The restructuring aims to position the boards with leadership aligned with the group’s Vision 2030 strategy, focusing on growth and innovation. This move emphasizes the group’s commitment to rewarding internal talent, recognizing proven leadership, and fostering a culture of sustained growth.
Danish tech developer NitroVolt has secured €750,000 in funding to further develop its 'Nitrolyzer' unit, aimed at producing zero-emissions ammonia using only air, water, and green energy.
Trina Solar’s tracker division, TrinaTracker, has launched an updated version of its Vanguard 1P Smart Tracking Solution, featuring hardware and software upgrades aimed at improving installation efficiency, system stability, and long-term reliability.
Perovskite solar cells offer a revolutionary approach to solar energy, with advancements in efficiency and stability that surpass traditional silicon cells.
The agreement is at an advanced phase and is plausible to be finalized in the arriving weeks.
Due to this decision of the Union Cabinet, about 74.9 lakh tonnes of carbon emissions will be reduced every year in India.
The company will build a portfolio of one gigawatt, driven primarily by solar power, by 2025 with an investment of Rs 5,000 crore and close some acquisition deals soon.
A statement issued by the power ministry assured that the rules notified by the union ministry under the Electricity Act 2003 are in the interest of the electricity consumers and investors.
TVS Motor Company on Tuesday, October 5, stated that has signed a memorandum of understanding (MoU) with Tata Power to encourage the widespread implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and extend solar power technologies at select TVS Motor locations.
Under the terms of the deal, Senvion India will provide JSW Energy with its 2.7-MW wind turbines, which would produce enough green energy to power over 450,000 houses in India.
Adani Green Energy Ltd. (AGEL) has acquired solar power producer SB Energy India for an enterprise value of $3.5 billion. The deal marks the largest acquisition in the renewable energy sector in India.
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