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Suzlon Energy Achieves Rs 1 Trillion Market Cap with 90% Surge in 3 Months https://lnkd.in/dtbDShxV #SuzlonEnergy #RenewableEnergy #MarketCap #StockMarket #WindEnergy Suzlon Energy has achieved a remarkable milestone, surpassing a Rs 1 trillion market capitalization following a dramatic 90% increase in its stock price over the past three months. This achievement highlights the company's robust financial performance, strategic acquisitions, and positive outlook for the renewable energy sector. In this blog, we explore the factors driving Suzlon's impressive rise, including record earnings, successful equity and debt conversions, and the impact of recent industry trends. Discover what this means for Suzlon’s future and its role in the global renewable energy landscape.

Indian company Suzlon Group has signed definitive agreements to acquire a 76% stake in Renom Energy Services Private Limited , an O&M services provider, from the Sanjay Ghodawat Group (SGG). Renom currently provides O&M services to over 2.5 GW renewable of assets in India, including 1,782 MW of wind and 148 MW of solar. Suzlon’s latest acquisition is aimed at positioning Renom as a leading independent service provider in the renewable energy sector, targeting over 32 GW of non-Suzlon wind energy assets in India. “At Suzlon, we have built our service business over decades with a single-minded focus, seeing it as a key enabler of energy transition,” said JP Chalasani, CEO of Suzlon Group. “With our in-house Suzlon Services Business focussed on Suzlon-make turbines and now with Renom’s focus on non-Suzlon Multi Brand Renewable Energy Assets, we are comprehensively positioned across the Indian Renewables OMS sector. We intend to support and strengthen Renom further as a standalone ISP to help provide best-in-class customer service to all multi-make customers in the wind energy O&M space.” Suzlon’s acquisition of Renom will occur in two tranches. The first tranche involves acquiring a 51% stake for INR 400 crore ($47.6 million). In the second tranche, Suzlon will acquire an additional 25% stake within 18 months of the first tranche’s acquisition for INR 260 crore. Himanshu Mody, Chief Financial Officer of Suzlon Group, noted: “The inorganic acquisition of Renom provides a valuable addition to the Suzlon Group. “Over the period of the last 9 years, we have built Renom to be the best at what it does,” added Shrenik Ghodawat, Managing Director of Sanjay Ghodawat Group. “Our purpose in aligning with the Suzlon Group is to ensure that Renom as a brand continues to grow multi-fold and offer our existing and new customers best-in-class services." #cleanenergy

Suzlon aims to be renewable solutions leader, looks beyond wind Suzlon Energy, once burdened by debt, is charting a new course with a strong 5 GW order book, cost reductions, and strategic innovations. After the passing of founder Tulsi Tanti in 2022, Suzlon raised Rs 1,200 crore, cleared Rs 1,500 crore of debt, and achieved positive net worth for the first time in a decade. Under CEO JP Chalasani and Vice Chairman Girish Tanti, Suzlon is now self-sustaining, with steady cash flow from its turbine and operations & maintenance (O&M) businesses. Suzlon holds a third of India’s wind energy market, aided by its latest 3.15 MW wind turbines. The company aims to scale with India’s renewable energy goal of 500 GW by 2030, while strategically expanding into solar and energy storage solutions. It also acquired a 76% stake in Renom Energy Services to enhance its O&M portfolio. Suzlon is evolving into an integrated renewable energy company, providing hybrid solutions to meet growing demands for diversified energy sources. The company’s resilience is built on an agile structure, strong leadership, and talent recruitment from various industries. Suzlon is focused on long-term sustainability, aiming to become a globally respected renewable energy enterprise. #stockmarket #energy #renewable #business #growth #success

Insolation Energy's Shares Surge Following ₹500.50 Crore Contract Win! Insolation Energy is making waves in the renewable energy sector as its shares jumped by 7.29% after announcing the acquisition of a significant contract worth ₹500.50 crore. This milestone underscores the company’s robust growth strategy and commitment to expanding its footprint in the renewable energy landscape. Key Highlights: Major Contract: The new contract is set to enhance Insolation’s project pipeline, reinforcing its position as a key player in the solar energy market. Market Response: Investors are optimistic, reflected in the sharp rise in share prices, highlighting confidence in the company's future growth prospects. Industry Implications: As the demand for clean energy solutions continues to rise, Insolation Energy's proactive approach and successful contract acquisition are likely to pave the way for further opportunities in this dynamic market. https://lnkd.in/ev4wQ4vD #InsolationEnergy #RenewableEnergy #SolarPower #StockMarket #InvestmentNews #CleanEnergy #GrowthStrategy #Youtubeshorts #Shorts #Facebook #Linkedln What are your thoughts on Insolation Energy's latest contract win? How do you see the future of renewable energy companies evolving? Let’s discuss!

🔥 Italy's BESS boom: the epicenter of European M&A action for battery storage in 2024 🔋 Italy has seen over 3.8 GW of deals for battery energy storage systems (BESS) since 2023, in addition to over ~4 GW of strategic partnerships. Notably, ~2.6 GW of these deals and ~1.4 GW of these partnerships were announced in Q1 2024. 📈 Notably, Sosteneo's acquisition of a 49% stake in Enel's Italy-focussed BESS and gas turbines platform for $1.3bn marks the largest deal in this sector. Additionally, companies like Cubico, Octopus, and Pacific Green have made significant moves by acquiring or forming partnerships for large-scale BESS portfolios under development. 🌍 Most recently, Renewable Power Capital (RPC) entered the Italian market by acquiring a ~1.1 GW BESS pipeline from Altea Green Power - AGP for €83mn. 💡 The surge in interest is driven by attractive revenue prospects from TERNA's Capacity Market and Fast Reserve auctions, along with recent reforms that expedite permitting for small-scale BESS assets. The country targets a battery storage capacity of 9 GW by 2030. Access granular data and analytics on renewable energy deals and partnerships with the Enerdatics Energy Transition M&A database – the most comprehensive source of research and intelligence on renewable energy transactions, globally. #RenewableEnergy #BESS #EnergyStorage #Italy #SustainableInvesting #Renewables #GreenEnergy #EnergyTransition #CapacityMarket

Suzlon Energy Acquires Majority Stake in Renom Energy https://lnkd.in/dBQADSCF #SuzlonEnergy #RenomEnergy #RenewableEnergy #EnergyAcquisition #WindEnergy Suzlon Energy has finalized its acquisition of a 51% stake in Renom Energy Services for Rs 400 crore, marking a significant expansion in its renewable energy portfolio. This strategic move not only enhances Suzlon’s operational capabilities in wind and solar O&M services but also positions it to target over 32 GW of non-Suzlon wind assets. Explore the implications of this deal, Suzlon’s recent stock performance, and how it aligns with the company’s long-term growth strategy.

#ApolloGreen Energy plans to go public, aims to achieve Rs 10,000-cr portfolio by 2025 #ApolloGreenEnergy Limited (#AGEL), part of #ApolloInternational Group, on November 5 said it is set to build a Rs 10,000-crore project portfolio by 2025. Currently, the company manages an order book of Rs 3,500 crore, with Rs 2,500 crore of ongoing solar projects across various states in India. As part of its growth plan, AGEL is also preparing for a public listing in 2025 to support its expansion and secure new projects. With a strong focus on renewable energy solutions across India, AGEL leverages #Apollo International’s two decades of experience in the Engineering, Procurement, and Construction (#EPC) sector. AGEL is a leading EPC company specialising in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, #GreenHydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of #solar installations. The company has been involved in the execution of Flue Gas Desulfurization (FGD) systems to reduce sulfur dioxide emissions, a major contributor to pollution, in power generation. This project, valued at approximately Rs 700 crore, is nearing completion. #SolarEnergy #GreenEnergy #RenewableEnergy #stockstofocus #StockMarketUpdate #StockMarket

#ApolloGreen Energy plans to go public, aims to achieve Rs 10,000-cr portfolio by 2025 #ApolloGreenEnergy Limited (#AGEL), part of #ApolloInternational Group, on November 5 said it is set to build a Rs 10,000-crore project portfolio by 2025. Currently, the company manages an order book of Rs 3,500 crore, with Rs 2,500 crore of ongoing solar projects across various states in India. As part of its growth plan, AGEL is also preparing for a public listing in 2025 to support its expansion and secure new projects. With a strong focus on renewable energy solutions across India, AGEL leverages #Apollo International’s two decades of experience in the Engineering, Procurement, and Construction (#EPC) sector. AGEL is a leading EPC company specialising in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, #GreenHydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of #solar installations. The company has been involved in the execution of Flue Gas Desulfurization (FGD) systems to reduce sulfur dioxide emissions, a major contributor to pollution, in power generation. This project, valued at approximately Rs 700 crore, is nearing completion. #SolarEnergy #GreenEnergy #RenewableEnergy #stockstofocus #StockMarketUpdate #StockMarket

🎉 TotalEnergies & West Burton B meeting the UK’s energy needs ⚡️🔌 TotalEnergies has signed an agreement with EIG to acquire West Burton Energy marking a significant step in our journey as an integrated electricity player. 🔌 👉 West Burton Energy operates one of the UK's most advanced power plants, West Burton B, with a total output of 1.3 GW, powering approximately 1.8 million homes. This acquisition enhances our renewable power generation capacity in the UK, providing a flexible asset to support reliable power supply. ⚡️ With our current renewable portfolio at 1.1 GW and 4.5 GW under development in the UK, this move aligns perfectly with our strategy to balance renewable and gas-based power generation. We plan to divest 50% of the acquired assets, matching our need for gas-based power generation capacity at 700 MW. This acquisition strengthens 💪 our trading capabilities in the UK’s electricity and gas markets and helps us provide affordable, available, and sustainable energy to our 300,000 customer sites. Additionally, it leverages our natural gas production projects, where we operate 30% of the country's projects. 🌐 Globally, this brings our flexible power generation portfolio to around 7 GW of gross capacity, complementing our 23 GW of renewable capacity. 🗞️ Learn more in our press release: https://lnkd.in/e65bHj3x #PowerGeneration #EnergyNews #TotalEnergies #EIG #WestBurtonEnergy

💵 AEP Joins Duke Energy and Con Edison in Exiting Renewable Generation in US Deregulated Markets American Electric Power (AEP) is selling its distributed resources business, AEP OnSite Partners, to Basalt Infrastructure Partners for ~$315mn. Post-sale, AEP's operations in the deregulated markets will be focussed solely on retail energy to meet rising demand. 🔋 Portfolio Highlights: – 300 MW of renewable capacity across nearly 100 US sites – 253.6 MW of solar assets, with the rest comprising batteries, fuel cells, etc. – Key markets: Ohio, Minnesota, New Mexico, Connecticut, New York 🚀 Utilities’ Exit from Deregulated Markets: – Since 2023, many US utilities have announced plans to sell unregulated renewables portfolios. – Increased competition following the IRA's passage is driving this trend. – Utilities are refocusing investments on core, regulated businesses, particularly transmission assets. 📄 Recent Major Deals: – AEP's sale of a 1.36 GW portfolio to Invenergy-led consortium for $1.5bn – Duke Energy's divestment of utility-scale business to Brookfield for $2.8bn – Duke Energy's sale of commercial distributed business to ArcLight for $364mn – Con Edison’s sale of Clean Energy Businesses to RWE for $6.8bn – Recently, PG&E and Algonquin have also announced plans to sell their renewable generation businesses in the deregulated markets. #RenewableEnergy #Utility #SolarPower #EnergyTransition #InfrastructureInvestment #RenewableAssets #EnergySector