Gujarat Mineral Development Corporation Limited (GMDC), a prominent player in India’s mining sector, has reported a robust financial performance for the first quarter of FY25. The company has showcased a significant upward trajectory in its key financial metrics and operational aspects, highlighting its resilient growth and strategic advancements in a competitive sector. Revenue and Profitability […]
In a significant development for the renewable energy sector, Vestas has secured a contract from RWE to provide turbines for the 660MW Nordseecluster A offshore wind project. Situated in the eastern German North Sea, this project marks a pivotal advancement in harnessing wind power. The deal involves Vestas supplying, delivering, and commissioning 44 V236-15.0 MW […]
Macquarie Asset Management and Sol Systems have jointly announced a substantial $85 million debt investment to support the construction and operation of five utility-scale solar projects across Illinois and Ohio. This investment signifies the initial phase of a larger collaboration aimed at enhancing renewable energy infrastructure in the United States. Strategic Investment in Renewable Energy […]
Ørsted, a leader in the clean energy sector, has announced a significant $680 million tax equity financing from J.P. Morgan. This investment will support a substantial portfolio of solar and energy storage assets in Texas and Arizona, marking one of the largest solar and storage tax equity transactions since the Inflation Reduction Act (IRA) was […]
In an innovative initiative to bolster sustainable energy, three Georgia-based companies have collaborated to design and install an innovative solar array on the parking deck at Georgia Power’s headquarters in Atlanta, Georgia. The project involves Radiance Solar, LLC, QCells, and Quest Renewables and showcases a commitment to renewable energy and local industry collaboration. Radiance Solar, […]
Sempra Infrastructure, a division of Sempra, has announced a significant advancement in renewable energy in Mexico with a 319 MW order for the Cimarron wind farm, situated in Tecate, Baja California. This strategic move marks the third phase of the Energia Sierra Juarez Wind Complex, which, upon completion, will boast a total installed capacity of […]
Primergy Solar LLC, a prominent developer, owner, and operator of utility-scale solar and storage projects, announced a milestone achievement in securing $588 million in debt financing for the 408 MWac Ash Creek Solar project located in Hill County, Texas. This financial closure is bolstered by a long-term power purchase agreement (PPA) with tech giant Microsoft, […]
In a significant stride towards bolstering its renewable energy portfolio, Torrent Power Limited has recently been awarded a prestigious contract by Railway Energy Management Company Limited (REMCL) for the supply of 100 MW Round-The-Clock (RE-RTC) power. This pivotal deal, valued at approximately ₹2,700 Crore, underscores Torrent Power’s commitment to renewable energy and its strategic positioning […]