CESC Acquires Under-Construction 300MW Solar Park
POWER & RENEWABLE ENERGY

CESC Acquires Under-Construction 300MW Solar Park

In a significant move towards bolstering its renewable energy portfolio, CESC Limited, one of India's leading integrated power utility companies, has announced the acquisition of a company engaged in the construction of a 300MW solar park in Rajasthan, India.

The acquisition marks a strategic advancement for CESC in its commitment towards sustainable energy generation. With the growing emphasis on clean energy and the global shift towards renewable sources, CESC's investment in solar power underscores its dedication to environmental stewardship and energy diversification.

The under-construction solar park, located in Rajasthan, a region known for its abundant sunlight and favourable conditions for solar energy generation, is poised to become a key contributor to India's renewable energy landscape. Upon completion, it is expected to generate clean electricity equivalent to powering millions of households and reducing carbon emissions significantly.

By acquiring the company overseeing the development of the solar park, CESC gains access to a substantial renewable energy asset that aligns with its long-term sustainability goals. The move not only strengthens CESC's position in the renewable energy sector but also reinforces its commitment to contributing to India's ambitious renewable energy targets.

CESC's expansion into solar energy comes at a pivotal time when the world is grappling with the challenges posed by climate change and the need for transitioning to low-carbon energy sources. With solar power emerging as a cost-effective and scalable solution, CESC's investment underscores its proactive approach towards addressing environmental concerns while meeting the growing energy demands of India's burgeoning population.

This strategic acquisition is expected to drive further growth and innovation within CESC, positioning the company as a key player in India's renewable energy sector. As the global transition towards sustainable energy accelerates, CESC's investment in solar power reaffirms its commitment to driving positive change and contributing to a cleaner, greener future for generations to come.

In a significant move towards bolstering its renewable energy portfolio, CESC Limited, one of India's leading integrated power utility companies, has announced the acquisition of a company engaged in the construction of a 300MW solar park in Rajasthan, India. The acquisition marks a strategic advancement for CESC in its commitment towards sustainable energy generation. With the growing emphasis on clean energy and the global shift towards renewable sources, CESC's investment in solar power underscores its dedication to environmental stewardship and energy diversification. The under-construction solar park, located in Rajasthan, a region known for its abundant sunlight and favourable conditions for solar energy generation, is poised to become a key contributor to India's renewable energy landscape. Upon completion, it is expected to generate clean electricity equivalent to powering millions of households and reducing carbon emissions significantly. By acquiring the company overseeing the development of the solar park, CESC gains access to a substantial renewable energy asset that aligns with its long-term sustainability goals. The move not only strengthens CESC's position in the renewable energy sector but also reinforces its commitment to contributing to India's ambitious renewable energy targets. CESC's expansion into solar energy comes at a pivotal time when the world is grappling with the challenges posed by climate change and the need for transitioning to low-carbon energy sources. With solar power emerging as a cost-effective and scalable solution, CESC's investment underscores its proactive approach towards addressing environmental concerns while meeting the growing energy demands of India's burgeoning population. This strategic acquisition is expected to drive further growth and innovation within CESC, positioning the company as a key player in India's renewable energy sector. As the global transition towards sustainable energy accelerates, CESC's investment in solar power reaffirms its commitment to driving positive change and contributing to a cleaner, greener future for generations to come.

Next Story
Infrastructure Urban

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Next Story
Infrastructure Energy

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Next Story
Infrastructure Urban

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000