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Suzlon seeks to put the wind in all sails of its renewables ship
Suzlon Group is set to significantly expand its renewable energy business. The company aims to quadruple annual sales to 10 GW and grow managed assets to 70 GW by FY31. Suzlon will now offer integrated solutions including wind, solar, and battery storage. A new battery manufacturing facility is planned.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
Suzlon Group is launching 'Suzlon 2.0', a new growth strategy. The company plans to significantly increase renewable energy sales and assets under management by 2031. Suzlon is seeking to evolve from a turbine maker to a comprehensive renewable energy solutions provider. This will include wind, solar and battery storage.
No More Just A Wind Company? Suzlon 2.0 Looking To Expand Into Solar, Battery Energy
The company expects 60% of revenues from its targeted 10 GW renewable energy portfolio to eventually come through the DevCo model by FY31.
Suzlon’s next growth bet: solar, batteries with a tight grip on capital
The company’s ‘Suzlon 2.0’ strategy aims to turn it into a one-stop renewable energy solutions provider spanning wind, solar and battery storage, while staying capital-light and reviving exports.
Gujarat Alkalies to source hybrid renewable energy from CLEANMAX
The project will comprise of 75.90 MW of wind capacity and 84.34 MWp of solar capacity, from which hybrid renewable energy will be supplied to GACLs Dahej and Vadodara units under the group captive structure. 100% power generated from the said facilities will be utilized by GACL.
Gujarat Alkalies joins hands with CleanMax for hybrid renewable energy project
Gujarat Alkalies and Chemicals (GACL) has partnered with Clean Max Enviro Energy Solutions (CleanMax) to source hybrid renewable energy for its manufacturing operations in Gujarat.
ACME Solar rallies 9%, hits record high; up 70% from Jan low; here's why
ACME Solar launched a QIP, with reports indicating a fundraise of up to ₹2,500 crore to support growth capex, renewable energy project expansion and balance sheet strengthening.
ACME Solar share price jumps 3% as firm launches QIP at ₹294.13 floor price
ACME Solar Holdings share price increased over 3% on June 2 after announcing a Qualified Institutional Placement (QIP) with a floor price of ₹294.13. The company aims to raise capital from institutional investors as it expands its renewable energy portfolio.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Adani Green Energy commissions 50 MW solar plant in Gujarat’s Khavda
Adani Green Energy has commissioned a 50 MW solar power project at Khavda in Gujarat, taking its total operational renewable energy capacity to 19,835.8 MW.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
CleanMax raises nearly $575 million to expand solar and wind energy projects in India
The funding will help CleanMax build around 1 GW of renewable energy projects across Rajasthan and Karnataka to supply power to large companies.