In Short : John Cockerill has acquired key assets from McPhy Energy to strengthen its position in the green hydrogen sector and scale up electrolyser production. The acquisition includes equipment, technology, and personnel from McPhy’s Belfort site in France. This move will enhance John Cockerill’s manufacturing capacity and accelerate its efforts to meet growing global […]
Torrent Green Energy Wins 300 MW Wind Project, Strengthens Renewable Push – EQ
In Short : Torrent Power’s subsidiary, Torrent Green Energy, has secured a 300 MW wind power project from SECI under Tranche-XVIII. The project win reinforces Torrent’s commitment to expanding its renewable energy portfolio. Awarded through a competitive bidding process, the project marks a significant step in supporting India’s clean energy goals and bolstering Torrent’s position […]
Power Grid Corporation Strengthens Pan India Network with Rs 86 Crore OPGW Deal – EQ
In Short : Power Grid Corporation of India Ltd (PGCIL) has awarded an ₹86 crore contract to Advait Energy Transitions for the installation of Optical Ground Wire (OPGW) across transmission lines nationwide. The project aims to enhance PGCIL’s pan-India network, boosting communication infrastructure. Scheduled for completion within 12 months, it marks a significant step in […]
India Strengthens Solar Manufacturing with Surge in Module and Cell Capacity in 2024 – EQ
In Short : In 2024, India added 25.3 GW of solar module and 11.6 GW of cell manufacturing capacity, raising totals to 90.9 GW and 40.7 GW, respectively. This growth was fueled by strong demand and the return of the ALMM policy. Around 80% of new module lines support advanced M10 and G12 wafer technologies, […]
Solex Energy Strengthens Commitment to Road Safety with Support for Traffic Education Trust – EQ
Surat, Gujarat – Solex Energy Limited (NSE: SOLEX), one of India’s most trusted solar brand has reinforced its commitment to social responsibility and road safetyby contributing INR 11,00,000/- (Eleven Lakhs Only) to the Traffic Education Trust. This initiative aligns with Solex’s ongoing efforts to support law enforcement and promote safe commuting practices in collaboration with […]
Avaada Group Strengthens Green Energy Portfolio with 14 GW Renewable Power Agreements – EQ
In Short : Avaada Group has secured Power Purchase Agreements (PPAs) for 14 GW of renewable energy projects across India. This significant milestone strengthens Avaada’s position in the clean energy sector, supporting India’s green energy transition. The projects span solar, wind, and hybrid sources, contributing to the nation’s renewable energy targets and promoting sustainable development […]
ONGC Green Strengthens Renewable Portfolio with ₹1,179 Crore Acquisition of PTC Energy – EQ
In Short : ONGC Green Limited, a subsidiary of ONGC, has acquired PTC Energy Limited for ₹1,179 crore. The acquisition includes PTC Energy’s 288.8 MW renewable energy assets, primarily wind power projects. This strategic move strengthens ONGC’s green energy portfolio, aligning with its plans to expand in the renewable sector and support India’s clean energy […]
Power Ministry Strengthens Solar Bidding Rules to Boost Financial Security and Project Efficiency – EQ
In Short : The Power Ministry has revised solar bidding guidelines, introducing stricter financial security provisions to enhance project viability and investor confidence. Key changes include higher bank guarantees, improved payment security mechanisms, and stricter penalties for delays. These revisions aim to ensure timely project execution, reduce risks, and promote a more sustainable and transparent […]
Hyundai Strengthens India’s EV Landscape with Localization and Innovation – EQ
In Short : Hyundai Motor India has achieved 92% localization, producing over 1,200 components and assembling EV battery packs locally at its Chennai facility. With an annual capacity of 75,000 battery packs, the initiative powers models like the Creta Electric, saves $672 million in foreign exchange, and creates 1,400+ jobs, boosting India’s EV manufacturing ecosystem. […]