RPSG Group’s renewable energy platform, Purvah Green Power, is set to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of ₹4,859 crore (approximately US$509 million). The portfolio comprises six special purpose vehicles (SPVs) holding operating solar projects across Rajasthan and Karnataka. The acquisition is being funded by the…
Solarium has announced the first-ever dispatch of its 720 Wp DCR solar modules from its own manufacturing facility, marking a significant milestone in the company’s efforts to strengthen India’s residential rooftop solar ecosystem. The high-wattage 720 Wp DCR modules are designed to deliver more power from available rooftop space, making them particularly relevant for residential…
JSW Energy has successfully completed the acquisition of Maruti Clean Coal and Power Limited (MCCPL) for an enterprise value of ₹1,410 crore, further strengthening its power generation portfolio with the addition of a 300 MW operational thermal power plant in Korba, Chhattisgarh. The acquisition adds an immediately operational and cash-generating asset to JSW Energy’s portfolio,…
New Delhi, India: The Solar Energy Corporation of India Limited (SECI) has announced the winners of its 1 GW Firm and Dispatchable Renewable Energy (FDRE-RTC) Tranche-V auction, with tariffs discovered in the range of ₹5.25–₹5.26 per kWh. The auction has awarded capacity to seven renewable energy developers, marking another important step in India’s shift towards…
