India based-Rama Steel Tubes Ltd. saw a 13% rise in its shares following the announcement of a partnership with Onix Renewable Ltd. to provide steel structures and tracker tubes for solar energy projects. This collaboration aims to enhance the structural stability and efficiency of solar installations, said Rama Steel Tubes. The company expects this move to positively affect its EBITDA. Onix Renewable operates across various renewable energy sectors.
Rama Steel partners with Onix Renewable for PVs
As part of the collaboration, Rama Steel Tubes will supply Onix Renewable with steel structures and trackers for solar projects. (Photo Source:Pixabay)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)