Vibrant Energy, a leading owner and developer of corporate renewable energy solutions, is delighted to announce Vinay Pabba will be its next Chief Executive Officer.<\/p>\r\n\r\n
Vinay Pabba, who is currently Vibrant Energy’s COO, will shortly be stepping up into the role of CEO. He brings with him a deep understanding of the renewable energy industry. In his previous roles with leading clean energy companies like Greenko, Virescent and Brookfield, he has lead execution teams that have developed an enviable track record of delivering large format clean energy projects on time and budget. He brings in diverse experience both at CXO and board level.<\/p>\r\n\r\n
The news follows Srini Viswanathan’s decision to step down as Vibrant’s CEO in order to spend more time with his family in Singapore.<\/p>\r\n\r\n
Anirban Das, CIO will also be stepping into a new role of Deputy CEO and CIO with additional responsibilities and delivery mandates. He brings with him a rich experience of more than $2.5 billion of infrastructure debt funding in India, with a special focus on financing green energy since its very nascent stages of development in India.<\/p>\r\n\r\n
The new leadership team will work closely with the outgoing CEO to ensure a smooth and seamless transition. Vinay Pabba, Vibrant Energy’s incoming CEO said: “I would like to thank Srini Viswanathan for his impressive stewardship of the company for 8 years. He brought endless passion and energy and has been a devoted champion of client experience and has shaped how the Vibrant brand is perceived across the C&I RE market in India. I am looking forward to taking Vibrant through its next phase of growth.”<\/p>\r\n","publish_date":"2024-06-12","url":"","is_visible":"1"},{"created_at":"2023-10-31 01:54:54","id":"18","thumbnail":"198-mw-wind-project.jpg","banner":"198-mw-wind-project.jpg","title":"Vibrant Energy signs third PPA with Amazon for a 198 MW wind project in Maharashtra","description":"
National, 31 October 2023:<\/strong><\/p>\r\n\r\n Vibrant Energy (Vibrant), a leading corporate renewable energy solutions provider, has signed their third power purchase agreement (PPA) with Amazon for a new 198-megawatt (MW) wind farm in Osmanabad, Maharashtra.<\/p>\r\n\r\n Last year, Amazon had announced its partnership with Vibrant for its first two wind-solar hybrid projects in India. With the addition of this wind project, Amazon has reached a milestone of more than 1.1 GW of renewable energy capacity in India, making them the largest corporate buyer of renewable energy in India, according to data from Bloomberg New Energy Finance 1.<\/p>\r\n\r\n https:\/\/www.aboutamazon.com\/news\/sustainability\/renewable-energy-investment-india<\/a><\/p>\r\n\r\n Mr. Srinivasan Viswanathan, CEO, Vibrant Energy, said<\/strong> "Transitioning to renewable energy is one of the most impactful ways to lower carbon emissions, and Vibrant is at the forefront of supporting corporates in India on their journey towards net-zero carbon electricity. We are proud to have further strengthened our partnership with Amazon with an additional 198 MW wind project in Maharashtra."<\/p>\r\n\r\n <\/p>\r\n\r\n About Vibrant Energy:<\/strong><\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investments (MAM GI) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is currently operating and delivering c.1.9GW of renewable energy solutions for corporates.<\/p>\r\n\r\n We invite you to learn more about Vibrant by visiting our website www.vibrantenergy.in and follow us on social media channels:<\/p>\r\n\r\n https:\/\/in.linkedin.com\/company\/vibrantenergy<\/a> National,<\/strong> 29th<\/strong> August<\/strong> 2023<\/strong>: Vibrant Energy (Vibrant), a leading corporate renewable energy solutions provider, has concluded agreements for providing 21.60 MW of Wind project in Maharashtra. The project will deliver green power to Ultratech’s multiple facilities in Maharashtra.<\/p>\r\n\r\n Mr.<\/strong> Srinivasan<\/strong> Viswanathan,<\/strong> CEO,<\/strong> Vibrant<\/strong> Energy<\/strong>, said<\/strong> "We are excited to partner with Ultratech and accelerate their green energy transition. This partnership marks a significant step towards a sustainable and carbon-neutral future. This will act as a catalyst for transforming not just the cement industry but other energy-intensive industries as well."<\/p>\r\n\r\n The project is expected to generate about 72 million Units of green power on an annual basis that would help Ultratech reduce its carbon footprint and achieve their sustainability targets.<\/p>\r\n\r\n About<\/strong> Vibrant<\/strong> Energy:<\/strong><\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is currently operating and delivering c. 2GW of renewable energy solutions for corporates. <\/p>\r\n\r\n We invite you to learn more about Vibrant by visiting our website www.vibrantenergy. in and follow us on social media channels:<\/p>\r\n\r\n India, May 17, 2023: Saint-Gobain India and Vibrant Energy have entered a long-term PPA to deliver round-the-clock wind-solar hybrid energy to Saint-Gobain’s facilities in India.<\/p>\r\n\r\n As a part of the PPA, Vibrant Energy a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) will set up 75 MWac \/100 MWdc Interstate Transmission System (ISTS) connected wind-solar hybrid project in Madhya Pradesh. With the addition of this project, Saint-Gobain will achieve a renewable energy footprint of 65% across its facilities in India by the end of 2025.<\/p>\r\n\r\n Speaking on the partnership, Mr. B. Santhanam, CEO – Asia Pacific and India Region, Chairman at Saint-Gobain India, said, “The PPA is a significant step forward to not only meet the country’s 500GW renewable energy target but also increase the use of renewable energy sources in the manufacturing sector. Our commitment towards sustainability is at the core of our business strategy, and this partnership is a significant step towards achieving our goal of 100% renewable energy by 2030.”<\/p>\r\n\r\n Mr. Srinivasan Viswanathan, CEO, Vibrant Energy, said, "Vibrant Energy is excited to support Saint-Gobain in its efforts to be carbon neutral and be a strong partner in achieving Saint-Gobain’s 100% sustainability goals. Saint-Gobain’s proactive green initiatives will encourage other industry players to accelerate their net-zero plans."<\/p>\r\n\r\n Aligning with India’s goals for a Sustainable Economy, Saint-Gobain India has focused its expansion and development goals in line with sustainable and renewable energy targets. Through various initiatives like shifting of high carbon fossil fuels to natural gas, migration of solid fuels to biomass, waste heat recovery & reuse and circularity actions, the Group in India has attained its mid-term goals set for 2025 much ahead of time. By the end of 2023, the renewable power will replace close to 170 MIL units of electricity required. By 2025, Saint-Gobain India will have 65% of its electricity consumption coming from renewables. Rainwater harvesting, development of urban forest and bio-diversity actions continue to remain key focus areas under climate actions.<\/p>\r\n\r\n ABOUT SAINT-GOBAIN:<\/p>\r\n\r\n Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures, and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction, and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.<\/p>\r\n\r\n ABOUT VIBRANT ENERGY:<\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is operating and delivering c. 2GW of renewable energy solutions for corporates. We invite you to learn more about Vibrant by visiting our website www.vibrantenergy.in and follow us on social media channels.<\/p>\r\n","publish_date":"2023-05-18","url":"","is_visible":"1"},{"created_at":"2023-09-08 16:43:03","id":"3","thumbnail":"Envision Signing.jpg","banner":"Envision Signing.jpg","title":"Vibrant Energy places an order for c.149 MW with Envision Energy","description":" India, May 15, 2023:<\/strong> Vibrant Energy (Vibrant), a leading corporate renewable energy solutions provider has placed an order totalling c.149 MW with Envision Energy (Envision). The order consists of 45 wind turbines with a capacity of 3.3 MW each, with delivery expected to commence from Q3FY24 onwards.<\/p>\r\n\r\n Mr. Srinivasan Viswanathan, CEO, Vibrant Energy,<\/strong> said, "We are pleased to announce our partnership with Envision Energy for our upcoming wind-solar hybrid project. We look forward to delivering on our mission to decarbonize corporate customers through active support from Envision Energy for our future pipeline of projects.”<\/p>\r\n\r\n Mr. Kane Xu, Global Vice President of Envision Energy and Chairman of Envision Energy India<\/strong>, said, “Vibrant Energy is taking actions to help its clients attain a sustainable and low-cost energy future. We are very happy to have a partnership with Vibrant Energy, with aligned goals. Envision is both a builder of a new green energy system and an enabler of a new green industrial system. In 2022, Envision achieved global operational carbon neutrality. I believe this collaboration will make a significant impact to the regions’ decarbonisation.”<\/p>\r\n\r\n Mr. RPV Prasad, CEO, Envision Wind Power Technologies India<\/strong> said, “We are honoured to have been selected by Vibrant Energy as a trusted Net Zero Tech Partner for their forthcoming renewable energy project. As an organisation we have been dedicated to push the boundaries of renewable energy in India by accelerating adoption of wind energy in the country. We take pride in manufacturing 45 state-of-the-art wind turbine generators for this prestigious project in India and contributing to Vibrant Energy's visionary pursuit of creating a sustainable future for all.”<\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is currently operating and delivering c. 2GW of renewable energy solutions for corporates.<\/p>\r\n\r\n We invite you to learn more about Vibrant by visiting our website www.vibrantenergy.in and follow us on social media channels:<\/p>\r\n\r\n • https:\/\/in.linkedin.com\/company\/vibrantenergy<\/a> About Envision Energy:<\/strong><\/p>\r\n\r\n Envision Energy is a world-leading company, designing, manufacturing and operating smart wind turbines and energy storage systems, also providing green hydrogen solutions. According to the report of 2022 Global Wind Turbine Market Shares by BloombergNEF, Envision Energy ranked 4th globally. According to the latest data, the number of existing orders for Envision’s energy storage systems have exceeded 15GWh. In 2022, Envision Energy achieved global operational carbon neutrality certified by Carbon Trust, according to the PAS2060 standard.<\/p>\r\n\r\n For more information, please visit www.envision-group.com<\/strong><\/a><\/p>\r\n","publish_date":"2023-05-16","url":"","is_visible":"1"},{"created_at":"2023-09-08 15:34:57","id":"2","thumbnail":"Press release-06-April-2023.jpg","banner":"Press release-06-April-2023.jpg","title":"Vibrant Energy secures the financing of over INR 2,200 crores from Power Finance Corporation for delivering 300 MWac Wind-Solar Hybrid projects","description":" India, April 6, 2023:<\/strong> Vibrant Energy (Vibrant), a leading owner and developer of corporate renewable energy solutions has secured over INR 2,200 crores of project financing from Power Finance Corporation Ltd. (PFC) for the construction of 300 MWac of Wind-Solar Hybrid projects in Madhya Pradesh and Karnataka. This financing will stand out as one of the largest project financing deals in the Indian Renewables Industry in 2023.<\/p>\r\n\r\n Mr. Srinivasan Viswanathan, CEO, Vibrant Energy,<\/strong> said, "We are excited to partner with Power Finance Corporation in building one of India's biggest corporate renewable energy projects. This partnership will bring us closer to achieving India's vision of realizing 500 GW by 2030. We look forward to continuing this partnership and enabling more green energy solutions for Corporate India.<\/p>\r\n\r\n PFC is an Indian central public sector undertaking and a leading non-banking financial institution, under the ownership of the Ministry of Power, Government of India. It is India’s largest NBFC by Net-worth (all reserves). Established in 1986, it is the financial backbone of the Indian power sector with a vision to provide affordable and competitive financial products and solutions across the Indian power and allied infrastructure sectors.<\/p>\r\n\r\n https:\/\/www.pfcindia.com\/<\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is currently operating and delivering more than 2GW of renewable energy solutions for corporates.<\/p>\r\n\r\n We invite you to learn more about Vibrant by visiting our website www.vibrantenergy.in and follow us on social media channels:<\/p>\r\n\r\n https:\/\/in.linkedin.com\/company\/vibrantenergy<\/a> Vestas and Vibrant Energy have signed a deal for two wind projects in India. As part of the order, Vestas will supply and supervise installation of a total of 36 V155-3.6 MW turbines.<\/p>\r\n\r\n This is Vestas’ second order from Vibrant in India in less than a year, following a 54 MW order for a project in Maharashtra signed in 2022. With this, Vestas continues to solidify its position as a reliable and trusted partner in sustainable energy solutions in India.<\/p>\r\n\r\n “Vestas has been our key partner in delivering our wind projects, and we are glad to announce the second order for V155-3.6 MW turbines. With this order of 36 turbines totaling 130 MW, we can strengthen our product offering for wind-solar hybrid power projects for our corporate customers. We look forward to expanding this partnership and delivering our shared vision of a sustainable-energy driven future.", said Srini Viswanathan, CEO – Vibrant Energy<\/p>\r\n\r\n “Vibrant Energy is one of India’s fastest growing renewable energy companies. We have worked closely with them over the last one year over the execution of their current project in Maharashtra and I am confident that this second order will only be another steppingstone to a long and mutually fruitful partnership between the two companies. I would like to thank them for once again trusting in Vestas’ ability to deliver reliable and efficient solutions.”, says Purvin Patel, CEO & President, Vestas Asia Pacific<\/p>\r\n\r\n Deliveries of the turbines are expected to begin in the fourth quarter of 2023, while commissioning of all turbines is expected to completed by second quarter of 2024.<\/p>\r\n\r\n For more information, please contact: <\/p>\r\n\r\n Ankush Gupta<\/p>\r\n\r\n Marketing & Communications Manager, Vestas (India and SEA)<\/p>\r\n\r\n akhgu@vestas.com<\/a><\/p>\r\n\r\n About Vestas<\/strong><\/p>\r\n\r\n Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 164 GW of wind turbines in 87 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 144 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 28,000 employees are bringing the world sustainable energy solutions to power a bright future.<\/p>\r\n\r\n For updated Vestas photographs and videos, please visit our media images page on: <\/p>\r\n\r\n https:\/\/www.vestas.com\/en\/media\/images<\/p>\r\n\r\n We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:<\/p>\r\n\r\n www.twitter.com\/vestas<\/a> About Vibrant Energy<\/strong><\/p>\r\n\r\n Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonization initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. Vibrant is operating and delivering more than 2GW of renewable energy solutions for corporates.<\/p>\r\n\r\n We invite you to learn more about Vibrant by visiting our website www.vibrantenergy.in and follow us on social media channels:<\/p>\r\n\r\n https:\/\/in.linkedin.com\/company\/vibrantenergy<\/a> • The two hybrid projects located in Madhya Pradesh and Karnataka represent 300 megawatts (MW) of renewable energy capacity combined<\/p>\r\n\r\n • Amazon has announced 720MW of renewable energy capacity in India across five utility-scale projects within a year<\/p>\r\n\r\n “As the largest corporate purchaser of renewable energy globally, we continue to build momentum for our renewable energy investments in India. The two new projects represent Amazon's first wind-solar hybrid projects globally,” said Abhinav Singh, Director – Customer Fulfilment, Supply Chain and Global Specialty Fulfilment, Amazon India. “We are on a path to powering our operations globally with 100% renewable energy by 2025 and have worked with government and industry stakeholders in India to unlock more corporate renewable energy procurement in the country. This year, we have reached over 720MW of renewable energy capacity through utility-scale projects in India.”<\/p>\r\n\r\n According McKinsey & Company, renewable hybrid energy systems can play a key role in helping India accelerate the decarbonization of power generation, lowering the cost of electricity in the medium term. These renewable hybrid energy systems maximize clean energy use on the grid by combining two technologies with different generation profiles. The new Amazon projects support India's Ministry of New and Renewable Energy's (MNRE) wind-solar hybrid policy, which aims to enable more such hybrid projects to efficiently utilize transmission infrastructure and land, and reduce variability in renewable generation, which improves grid stability.<\/p>\r\n\r\n “This collaboration between Vibrant and Amazon will encourage the adoption of renewable energy by corporates in India. We expect India to be one of the earliest markets in the world to deliver renewable energy through similar hybrid projects. We are honored to collaborate with Amazon on its path to powering its operations with 100% renewable energy by 2025,” said Srinivasan Viswanathan, CEO, Vibrant Energy.<\/p>\r\n\r\n 1. S. No 1, 5, 9 https:\/\/www.seci.co.in\/Bidder\/view\/tender\/results\/all-award\/list\/bidder<\/a><\/p>\r\n\r\n 2. According to the Center for Policy Research India,<\/u> an electrified household in New Delhi consumes approximately 250-270 units or kilowatt hours (kWh) of electricity per month on average. These two wind plus solar hybrid projects have the capacity to generate 1,163,000 megawatt hours (MWh) of renewable energy per year. Based on these data points, these projects represent enough capacity to power over 380,000 average-sized households in New Delhi annually.<\/p>\r\n\r\n Amazon is committed to reaching net-zero carbon across its business by 2040 and is on a path to powering its operations with 100% renewable energy by 2025. Amazon is the world’s largest corporate buyer of renewable energy with over 380 projects across 22 countries around the world. Once operational, these projects will have the capacity to generate over 50,000 gigawatt hours (GWh) of clean energy annually. These projects have the capacity to supply renewable energy for a variety of Amazon facilities, including corporate offices, fulfillment centers, data centers, and physical stores, which collectively serve millions of customers globally. At the end of 2021, Amazon reached 85% renewable energy across its business. In Asia, Amazon has now invested in 17 utility-scale renewable energy projects with a total capacity of more than 1,600 MW across Australia, China, India, Indonesia, Japan, and Singapore.<\/p>\r\n\r\n About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com\/about and follow @AmazonNews.<\/p>\r\n\r\n About Vibrant Energy Vibrant Energy’s mission is to lead the transition of corporate & industrial (C&I) customers to a more sustainable, resilient, and low-cost energy future. The platform has been delivering on this mission through its extensive project portfolio which currently contains 132MW of operational projects, delivering 1.6GW projects and an active development pipeline of 2GW+. Vibrant Energy is a majority-owned subsidiary of Blueleaf Energy. Blueleaf Energy is a portfolio company owned by Macquarie’s Green Investment Group, operating on a standalone basis. <\/p>\r\n\r\n
\r\nhttps:\/\/www.facebook.com\/VEHrenewables<\/a>
\r\nhttps:\/\/twitter.com\/VEHrenewables<\/a>
\r\nhttps:\/\/www.instagram.com\/vibrantenergy.global\/<\/a><\/p>\r\n","publish_date":"2023-10-31","url":"","is_visible":"1"},{"created_at":"2023-09-09 00:44:18","id":"12","thumbnail":"PR30-Aug.jpg","banner":"PR30-Aug.jpg","title":"Vibrant Energy signs a PPA with UltraTech Cement Limited for delivering 21.60 MW Renewable Energy Project","description":"\r\n\t
\r\nAbout Vibrant Energy:<\/strong><\/p>\r\n\r\n
\r\n• https:\/\/www.facebook.com\/VEHrenewables<\/a>
\r\n• https:\/\/twitter.com\/VEHrenewables<\/a>
\r\n• https:\/\/www.instagram.com\/vibrantenergy.global<\/a>
\r\n <\/p>\r\n\r\n
\r\nAbout PFC:<\/strong><\/p>\r\n\r\n
\r\nAbout Vibrant Energy:<\/strong><\/p>\r\n\r\n
\r\nhttps:\/\/www.facebook.com\/VEHrenewables<\/a>
\r\nhttps:\/\/twitter.com\/VEHrenewables<\/a>
\r\nhttps:\/\/www.instagram.com\/vibrantenergy.global<\/a><\/p>\r\n","publish_date":"2023-04-06","url":"","is_visible":"1"},{"created_at":"2023-09-08 16:50:05","id":"4","thumbnail":"Vestas secures 130 MW order in India.jpg","banner":"Vestas secures 130 MW order in India.jpg","title":"Vestas secures 130 MW order in India with Vibrant Energy","description":"
\r\nwww.linkedin.com\/company\/vestas<\/a>
\r\nwww.facebook.com\/vestas<\/a>
\r\nwww.instagram.com\/vestas<\/a>
\r\nwww.youtube.com\/vestas<\/a><\/p>\r\n\r\n
\r\nhttps:\/\/www.facebook.com\/VEHrenewables<\/a>
\r\nhttps:\/\/twitter.com\/VEHrenewables<\/a>
\r\nhttps:\/\/www.instagram.com\/vibrantenergy.global<\/a><\/p>\r\n","publish_date":"2023-03-31","url":"","is_visible":"1"},{"created_at":"2023-09-08 16:56:00","id":"5","thumbnail":"VibrantEnergyAmazonPartner.jpg","banner":"VibrantEnergyAmazonPartner.jpg","title":"Amazon announces its first two Wind-Solar Hybrid projects in India with Vibrant Energy","description":"
\r\nNEW DELHI, INDIA – 1 December 2022<\/strong> – Amazon today announced its first wind-solar hybrid projects with Vibrant Energy, a subsidiary of portfolio company of Macquarie's Green Investment Group (GIG), to be located in India. These two projects represent a total of 300 megawatts (MW) of renewable energy capacity and will be based in the states of Madhya Pradesh and Karnataka. This is considered to be one of the largest wind-solar hybrid corporate power purchase agreements (PPA) by a technology company in India1. Once operational these projects are expected to generate 1,163,000 megawatt hours (MWh) of clean energy, which is the equivalent amount of electricity needed to power 380,000 average-sized households in New Delhi each year2. Combined with three solar farms in Rajasthan, Amazon now has five utility-scale renewable energy projects in India, representing more than 720MW of renewable energy capacity.<\/p>\r\n\r\n