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ACME Solar Holdings' Rs 2,900-crore IPO to close on Friday: Key things to know about public offer priced at Rs 275-289

ACME Solar Holdings' Rs 2,900-crore IPO to close on Friday: Key things to know about public offer priced at Rs 275-289

Wed, Nov 06, 2024

ACME Solar Holdings IPO: ACME Solar Holdings—a renewable energy player—launched an initial public offer (IPO) worth an estimated Rs 2,900 crore for three trading days starting November 7. Priced at Rs 275-289 per share, the IPO will be available for bidding from 10 am to 5 pm till Friday, November 8.

Rooftop solar capacity up 26 % in India in Jan-June amid govt push

Rooftop solar capacity up 26 % in India in Jan-June amid govt push

Fri, Aug 30, 2024

India's rooftop solar capacity saw a 26% growth in the first half of 2024, reaching 1.1 GW. Driven by residential projects under the 'PM Surya Ghar Muft Bijli Yojana,' the second quarter saw unprecedented installations.

India adds record 15 GW solar capacity in January-June: Report

India adds record 15 GW solar capacity in January-June: Report

Mon, Aug 26, 2024

As of June 2024, India's cumulative installed solar capacity stood at 87.2 GW, of which the utility-scale projects accounted for nearly 87 per cent, and rooftop solar over 13 per cent.

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MOS Utility to foray into solar energy sector

MOS Utility to foray into solar energy sector

Sat, Aug 03, 2024

According to the company, the board has considered and approved the Alteration of the object clause of the Memorandum of Association of the Company.

About 151 GW renewable capacity under implementation in India: Minister Pralhad Joshi

About 151 GW renewable capacity under implementation in India: Minister Pralhad Joshi

Sat, Jul 27, 2024

Renewable energy projects of about 151 GW capacity are under various stages of implementation in the country, Union Minister Pralhad Joshi has said.

China continues to dominate global wind and solar energy, with construction capacity doubling the rest of the world combined

China continues to dominate global wind and solar energy, with construction capacity doubling the rest of the world combined

Fri, Jul 12, 2024

China is making significant strides in renewable energy, with plans to build 339 gigawatts (GW) of utility-scale wind and solar projects, according to a report by the U.S.-based think tank Global Energy Monitor (GEM).

Juniper Green inks pacts to supply 480 MW from solar-wind hybrid projects

Juniper Green inks pacts to supply 480 MW from solar-wind hybrid projects

Wed, Jul 10, 2024

Juniper Green Energy on Wednesday said it has inked two pacts for supply of 480 MW electricity from its solar-wind hybrid capacity to Gujarat Urja Vikas Nigam (GUVNL) and NTPC.

SunSource Energy commissions 3 open access solar plants in Uttar Pradesh

SunSource Energy commissions 3 open access solar plants in Uttar Pradesh

Tue, Jun 25, 2024

Located in Jhansi and Lalitpur districts on a combined area of 150 acres, these projects have a total capacity of 45 MWp and signify the continued commitment of SunSource Energy to expanding its footprint in the state, a company statement said.

GP Eco Solutions shares zoom 304% on market debut

GP Eco Solutions shares zoom 304% on market debut

Mon, Jun 24, 2024

The company also plans to invest Rs 7.6 crore in its subsidiary, Invergy India Pvt Ltd (IIPL), to procure plant and machinery and to set up a new facility, and the remaining funds will be used for general corporate purposes.

Waaree Energies secures contract for 412 MWp solar project in Rajasthan

Waaree Energies secures contract for 412 MWp solar project in Rajasthan

Mon, Jun 24, 2024

It will supply bi-facial solar modules with capacities ranging from 540-545 Wp (watt peak) each for the project, expected to be commissioned by March 2025, Waaree Energies said.

Candi solar raises $38 million to boost clean energy expansion

Candi solar raises $38 million to boost clean energy expansion

Mon, Jun 10, 2024

According to the company, the new funding will fuel the firm's ambitious growth plans, facilitating the financing of an additional 200 MW of business solar projects and supporting strategic hiring initiatives to sustain its rapid expansion.

Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom

Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom

Sun, Jun 09, 2024

Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers.

Soleos Solar Energy secures Rs 48.5 crore funding

Soleos Solar Energy secures Rs 48.5 crore funding

Wed, May 22, 2024

The fund infusion will help the company in generating its working capital, global renewable energy portfolio development and establishing manufacturing facilities across the globe, it added.The company holds Rs 450 crore orders in hand for setting up approximately 140 MW projects.

Waaree Energies, Ecofy partner to offer finance for solar rooftop projects

Waaree Energies, Ecofy partner to offer finance for solar rooftop projects

Wed, May 08, 2024

Waaree Energies is among India's largest manufacturers of solar PV modules with an aggregate installed capacity of over 12 GW.

CESC acquires company engaged in under-construction 300 MW solar park in Rajasthan

CESC acquires company engaged in under-construction 300 MW solar park in Rajasthan

Fri, Apr 26, 2024

In a regulatory filing, CESC said Purvah Green Power has completed the acquisition of the 100 per cent stake in Bhadla Three SKP Green Ventures at a consideration of Rs 3.84 crore.

Grew Energy bags order to supply 200 MW solar equipment

Grew Energy bags order to supply 200 MW solar equipment

Wed, Apr 24, 2024

"Grew Energy secures 200 MW of SECI's 400 MW solar PV module auction. Grew amongst the 3 MNRE approved manufacturers to win the mandate to manufacture, test, package, forward, supply and transport the solar PV module," the company said in the statement.

Avaada Energy inks Rs 4,471-crore refinancing pact with NaBFID for four solar projects in Rajasthan

Avaada Energy inks Rs 4,471-crore refinancing pact with NaBFID for four solar projects in Rajasthan

Thu, Apr 18, 2024

"Avaada Energy is pleased to announce the successful closure of one of the largest refinancing transactions in India's renewable energy sector, securing about Rs 4,471 crore (USD 535 million) from the state-owned lender NaBFID," the statement said.

Avaada Energy bags 250 MW solar-wind project in NTPC auction

Avaada Energy bags 250 MW solar-wind project in NTPC auction

Wed, Apr 17, 2024

NTPC had issued a tender for the selection of hybrid power generators to supply 1,000 MW of power through ISTS-connected wind-solar hybrid projects.

Massive Response to Rooftop Solar Power System, Which Shares to Focus On?

Massive Response to Rooftop Solar Power System, Which Shares to Focus On?

Mon, Mar 18, 2024

Bumper response to Rooftop Solar power system, which stocks to focus on? More than 1 crore registrations: PM | Which shares should be given maximum focus under this scheme - know in this video...

US companies to announce investments of over $1 billion in the Philippines

US companies to announce investments of over $1 billion in the Philippines

Mon, Mar 11, 2024

The investments would be in areas like solar energy, electric vehicles and digitisation, she said, adding that U.S. companies were eager to do business in the Southeast Asian country.

Pinewood Systems to develop 500 MW solar project in Maharashtra

Pinewood Systems to develop 500 MW solar project in Maharashtra

Wed, Jan 10, 2024

While Pinewood Systems is an active investor in the renewable energy sector in India, Braithwaite & Co comes under Ministry of Railways. In a statement, Pinewood Systems said it has formed an executive team to develop the project.

Finance Ministry's meeting with banks for Green, Climate Finance

Finance Ministry's meeting with banks for Green, Climate Finance

Thu, Jan 04, 2024

ZBiz Exclusive: Good news for EV, Renewable Energy: News quoting sources Finance Ministry's big focus on Green Energy, Climate Finance, Finance Ministry's meeting with banks for Green, Climate Finance

Gensol Engineering bags Rs 139-crore solar power project from Sarda Energy

Gensol Engineering bags Rs 139-crore solar power project from Sarda Energy

Wed, Jan 03, 2024

The scope of the contract covers a comprehensive set of responsibilities including design, engineering, procurement, and construction, along with the commissioning of the solar power facility, Gensol Engineering said.

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