Purvah Green Power, a subsidiary of Calcutta Electric Supply Corporation (CESC), has signed a binding term sheet to acquire 100 per cent share of Bhojraj Renewables Energy. The acquisition is aimed at developing a 300 MW wind energy project and a 150 MW solar energy project. Structured as a cash deal, Purvah Green has committed up to Rs 1.08 billion, subject to achieving key project milestones. In exchange, Bhojraj Renewables will handle land acquisition and secure the required permits and approvals for both projects. The company has already obtained preliminary connectivity approval for the 300 MW wind project. The entire process, from acquisition to securing land and approvals, is expected to be completed within nine months. In September 2024, Purvah Green was awarded a project to develop a 300 MW solar photovoltaic project by CESC Limited. In July 2024, CESC Limited bought a 63.91 per cent equity stake in Purvah Green for Rs 2.05 billion to make it a direct subsidiary.
Roofsol Energy commissions 5 MWp rooftop solar plant in Ludhiana
Roofsol Energy, a Mumbai-based company has inaugurated a 5 MWp rooftop solar plant at Punjab-based textile manufacturer ST Cottex’s Ludhiana plant. In its first year, the plant is expected to generate 6.7 million units of […]
WBSEDCL floats O&M tender for 60 MW solar projects
The West Bengal State Electricity Distribution Company (WBSEDCL) has issued a tender for the comprehensive operation and maintenance of six ground-mounted solar power projects with a combined capacity of 60 MW. The projects, each with […]
April 2022
India’s total installed wind power capacity stands at roughly 40 GW as of March 2022. Meanwhile, solar power capacity has crossed wind power installations in a short span of time to reach 54 GW. In […]