VENA INDIA
Vikram Solar crosses 10 GW in global deployments
Vikram Solar has achieved a significant milestone, deploying 10 GW of solar modules globally. This doubles their previous deployment in just two years. The company's reach extends to 39 countries, with a strong manufacturing base in India. It is also expanding into energy storage solutions.
Jindal Renewables, INOXGFL in Race for GIP's Vena India
The potential bidders are currently undertaking due diligence of the asset, and binding bids are expected by next month, the people said. Global investors, including Actis, Sembcorp, KKR, and Macquarie, had also evaluated the company but decided against holding advanced negotiations with GIP, said people aware of the development.
GIP shortlists 4 companies for Vena Energy India sale
Global Infrastructure Partners is selling its Indian renewable energy platform, Vena Energy India. Four companies are conducting due diligence for the 1.1 GW renewable energy platform. The platform is expected to be valued between ₹4,500-5,000 crore. Vena Energy India has operational renewable assets and more under construction. This sale is part of GIP's portfolio reshaping in India.
Azure Power: Who are the key people now in the company central to $250 mn 'bribery' case against Adani
Indian billionaire Gautam Adani and associates have been indicted by US prosecutors for an alleged $265 million bribery scheme. They are accused of bribing Indian officials to secure business advantages and misleading US investors. The Adani Group denies the allegations and plans to pursue legal action.
Vena Solutions expands into India with new headquarters for talent growth
Vena Solutions has established a head office in Indore, Madhya Pradesh, in collaboration with Innogent Technologies, named Vena Solutions India, to recruit talent across India.
Solar power's decade of falling costs is thrown into reverse
For the solar industry, the timing couldn’t be worse. Renewable energy finally has a champion in the White House and ambitious climate goals have been announced across Europe and Asia.
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Solar power majors get $3-billion shock from Supreme Court order
Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Indian solar power companies on edge as Chinese vendors exit deals
India has three main equipment sources — China, Germany and Canada. Germany hadn’t been accepting orders as of last month due to Covid-related closures, said a leading manufacturer.
Adani Renewables bids Rs 2.77 for wind projects
Adani Renewable Energy Holding quoted Rs 2.77 per unit for 300-Mw capacity, while Ayana Renewable Power quoted Rs 2.78 per unit for a similar capacity.
Dholera solar bid cancellation: Energy firms send SOS to PMO on Gujarat’s U-turn
The high-profile Dholera solar park project is part of the Dholera Special Investment Region (DSIR), approved by chief minister Vijay Rupani and part of the Centre’s flagship Delhi-Mumbai Industrial Corridor.
Explain 700 MW Dholera Project bid cancellation: MNRE asks Gujarat
ET in its edition dated February 8 reported that green energy companies had written to the PMO seeking urgent intervention and were also planning to approach the electricity tribunal to challenge the order.
Vena Energy and JSW emerge as winners of SECI wind energy auction, bag 970 megawatts
The new and renewable energy ministry has been gradually moving away from conducting auctions for plain vanilla solar and wind tenders, towards hybrid wind-solar tenders.
Vena Energy and Tata Power emerge winners at Gujarat solar auction
The other winners were Renew Power, which got 200MW at Rs 2.79 per unit, SVJN Limited which bagged 100MW at Rs 2.80 per unit and TEQ Power Private Limited, which got the remaining 200MW at Rs 2.81 per unit. Gujarat had set the ceiling tariff for the auction at Rs 2.92 per unit. Projects will have to be commissioned at the Dholera solar park.
Solar tariffs increase in Gujarat auction
Vena Energy, Juniper Energy and Tata Power won 40MW, 190MW and 120MW at tariffs of Rs 2.61, Rs 2.63 and Rs 2.64 per unit, respectively in an auction conducted by Gujarat's main distribution company, Gujarat Urja Vikas Limited (GUVNL) on Wednesday for 350MW of solar capacity.
Tepid response to Gujarat solar tender
A 500 MW solar tender issued by Gujarat has received a lukewarm response because most solar energy generators found the ceiling tariff to be too low, industry insiders said.
View: The sacred balance of power
The balancing force always came through spiritual authorities. It was the job of a prophet or a priest, who had direct access to God. The conversation between the spiritual and the temporal has been the basis of balance of power. This must be kept in mind especially now, when we see the legislative power of the country dominated by a single political party.
Two of nine Gujarat wind auction winners agree to cut tariffs
Enerfra was the lowest bidder in the auctions. The second-lowest winners Powerica Ltd. and Vena Energy agreed to match the lowest bid.
MEP Infrastructure achieves financial closure for Rs 1,170 crore projects
The two projects will be funded by IDBI and India Infrastructure Finance Company (IIFCL), a statement issued here said today.
Arvind Kejriwal's latest allegations on BJP president Nitin Gadkari exposes his own weakness
The allegation met a vigorous response from BJP, which fielded its top leaders Arun Jaitley and Sushma Swaraj, to defend its national president. They strongly denied the allegations.
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