The state’s position is supported by a combination of renewable energy availability, transmission infrastructure, water resources, an established pipeline network and demand from heavy industries
The order has been awarded to Enviro Infra Engineers through its step-down subsidiary, Suyog Urja Ltd
With the latest addition, TPREL's operational capacity has crossed 7 GW, comprising more than 5.7 GW of solar and 1.3 GW of wind assets
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
It will be Oyster Renewable’s third project in Gujarat
The mechanism attempts to address a growing tension in India's renewable build-out
The project is being developed by KPI Green Energy under the IPP model and is backed by a long-term power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)
OHM Global Mobility Limited will also operationalise electric buses for public transport in the state and expand its mobility solutions business
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
