Stay updated with the latest news & trends in the power sector.
India’s renewable energy IPO landscape in 2025
India’s renewable energy sector saw strong activity in the public markets through 2025. Many companies filed draft papers, secured approval from the Securities and Exchange Board of India (SEBI), or closed successful public issues. Solar manufacturing companies lead the filing momentum The first part of the year saw many companies in solar manufacturing prepare for large capacity additions. Vikram Solar received approval for a public issue of up to Rs 15 billion through a fresh...
CEA issues guidelines for tariff bidding in WTE projects
The Central Electricity Authority has issued guidelines under Section 63 of the Electricity Act, 2003 for tariff-based competitive bidding to procure power from grid-connected Waste to Energy projects. The guidelines set out a uniform process for procurement and seek to support new plants that use municipal solid waste as fuel. The guidelines apply to new WTE projects based on commercially proven technologies. They assign clear roles to the implementing agency, the WTE developer, and the...
Power ministry directs REIAs to resolve 42 GW backlog of unsigned PPAs and PSAs
The Ministry of Power has asked the Renewable Energy Implementing Agencies to address the bottleneck around nearly 42 GW of awarded renewable energy projects that still lack Power Purchase Agreements and Power Sale Agreements. The directive, issued on November 13, 2025, seeks to release transmission capacity that has been blocked due to stalled contracting. The guidance follows a review meeting held on October 17, 2025 and subsequent clarifications from the Ministry of New and Renewable...
MNRE launches CfP for biomass based green hydrogen pilots
The New and Renewable Energy (MNRE) Minister Pralhad Joshi has launched a call for proposals for pilot projects that aim to produce green hydrogen from biomass and waste materials. The government has set aside Rs 1 billion for these projects, in addition to Rs 1 billion already assigned to start-up initiatives under the National Green Hydrogen Mission. The Biotechnology Industry Research Assistance Council will run the programme and invite participation from industry, start-ups, and research...
NTPC commissions 3 MWh vanadium flow battery system
Union Power Minister Manohar Lal has inaugurated NTPC’s 3 MWh vanadium redox flow battery project. The system has been developed through NTPC’s in-house research and development programme and commissioned at the NTPC Energy Technology Research Alliance in Greater Noida, Uttar Pradesh. The project advances India’s long-duration storage capability and supports better integration of renewable power into the grid. The vanadium redox flow battery uses vanadium ions in different oxidation states to store energy for extended...
India and Bhutan inaugurate Punatsangchhu II hydropower project
India and Bhutan have commissioned the 1,020 MW Punatsangchhu II hydroelectric project, increasing Bhutan’s hydropower capacity by almost 40 per cent. India has also extended a Rs 40 billion concessional line of credit for Bhutan’s energy projects, reflecting deeper cooperation in the power sector. Prime Minister Narendra Modi visited Bhutan from 11 to 12 November 2025 at the invitation of King Jigme Khesar Namgyel Wangchuck. Prime Minister Modi and the King jointly inaugurated Punatsangchhu II...
Inox Wind secures 100 MW turbine order in Gujarat
Inox Wind Limited has received a 100 MW order from a leading green energy transition platform for wind projects planned in Gujarat. The contract includes the supply of 3.3 MW turbines, along with limited EPC services and multi-year operations and maintenance support after commissioning. Chief Executive Officer Sanjeev Agarwal said the company is pleased to add a new customer and expects more orders in the near future. He said this follows recent wins of 229...
NTPC explores new nuclear sites across 16 states
Reportedly, NTPC Ltd has begun identifying land across 16 states for future nuclear projects. The company is in discussions with state governments in Bihar, Andhra Pradesh, Madhya Pradesh, Jharkhand, Chhattisgarh, Haryana, Gujarat, and others to secure suitable locations for its operations. NTPC’s outreach aligns with its long-term plan to develop 30 GW of nuclear capacity by 2047, contributing to the national target of 100 GW set by the Centre. The company created a dedicated subsidiary,...
India to launch new weather satellite for renewable grid stability
India plans to launch a weather satellite and upgrade its forecasting systems as climate variability disrupts solar and wind output, reported the Mint. The Ministries of New and Renewable Energy and Earth Sciences are developing a joint prediction system to improve the modelling of weather patterns that affect renewable generation. Recent drops in wind speed and sudden weather changes have strained the grid and raised concerns about supply security. The grid operator has asked power...
IEA says nuclear power enters revival phase with 70GW under construction
Fatih Birol, executive director of the International Energy Agency (IEA), said “nuclear is back” during his keynote at the World Nuclear Exhibition in Paris. He cited IEA data showing 2025 nuclear generation at its highest level and 70GW of new construction under way. The IEA report, commissioned in June 2024, finds 40 nuclear newcomer nations exploring power plants. Birol identified three primary drivers for the renewed interest: energy security, climate mitigation, and a fast-growing demand...
ACME Solar wins 450 MW peak power project from SJVN
ACME Solar Holdings Limited has secured a 450 MW (1,800 MWh) Firm and Dispatchable Renewable Energy (FDRE-IV) project from SJVN Limited at a tariff of Rs 6.75 per unit for 25 years. The project was awarded on November 10, 2025, following an e-reverse auction held on October 9, 2025, under the Tariff-Based Competitive Bidding (TBCB) guidelines. The project will supply power equivalent to 4 MWh per MW of capacity during any four-hour window each day...
India may delay 5 MMT green hydrogen goal amid global headwinds
India is likely to miss its goal of producing 5 million metric tonnes (MMT) of green hydrogen annually by 2030 due to global uncertainties, said Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE), at the 3rd International Green Hydrogen Conference. Launched in 2023, the National Green Hydrogen Mission (NGHM) targets 5 MMT of annual production by 2030 to support India’s clean energy transition. The Mission is expected to attract over Rs 8...
Sembcorp wins 150 MW firm renewable project from SJVN
Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited, has been awarded a 150 MW Firm and Dispatchable Renewable Energy (FDRE) project by SJVN Limited. The project follows a build-own-operate framework and forms part of SJVN’s 6,000 MWh (1,500 MW x 4 hours) tender designed to supply reliable peak power through renewable energy integrated with energy storage systems connected to the Inter-State Transmission System (ISTS). To meet its supply obligations, Sembcorp plans to develop...
Tata Power to set up 10 GW wafer and ingot facility
Tata Power plans to establish a 10 GW wafer and ingot manufacturing facility as part of its ongoing backward integration in the solar value chain. Chief Executive Officer and Managing Director Praveer Sinha confirmed the plan during the company’s Q2 FY26 earnings call on Tuesday, adding that the firm is finalizing the plant’s location and technology selection. This will be Tata Power’s first entry into wafer and ingot manufacturing. The company currently operates 4.9 GW...
Reliance Power subsidiary wins 750 MW FDRE project from SJVN
Reliance Power Limited’s wholly-owned subsidiary, Reliance NU Energies Private Limited, has received a Letter of Award from SJVN Limited for a 750 MW / 3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project. The award, issued on November 10, 2025, marks the largest single allocation under SJVN’s 1,500 MW / 6,000 MWh FDRE tender. The project was secured through a competitive online auction and will integrate around 900 MWp of solar capacity with over 3,000...
JSW Energy raises Rs 250 crore through issue of unsecured NCDs
JSW Energy Limited has completed the allotment of Rs 250 crore in unsecured, listed Non-Convertible Debentures (NCDs). The Finance Committee approved the issuance on November 12, 2025, as part of a board-approved plan to raise up to Rs 3,000 crore. The issue includes 25,000 debentures with a face value of Rs 1,00,000 each. The NCDs carry a fixed coupon rate of 8.05% per annum and have a tenure of three years, maturing on November 10,...
SJVN to raise Rs 1,000 crore through revenue securitization of Nathpa Jhakri project
SJVN Limited’s Board of Directors has approved a proposal to raise up to Rs 1,000 crore and released its financial results for the quarter ended September 30, 2025. The decisions were taken during the board meeting held on November 10, 2025, and disclosed in line with SEBI listing regulations. The company plans to raise the funds by securitising future revenue from the 1,500 MW Nathpa Jhakri Hydro Electric Project. The move aligns with SJVN’s targets...
Waaree Energies secures 360 MW solar module order
Waaree Energies Ltd. has received a new order to supply 360 MW of solar modules to a domestic developer engaged in utility-scale solar and energy storage projects. The agreement was finalised on November 11, 2025. In a filing to BSE Limited and the National Stock Exchange of India Limited, the company confirmed the contract, stating that the disclosure was made under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015....
PXIL appoints Vivek Singla as Managing Director and CEO
Power Exchange India Limited (PXIL) has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla brings over 35 years of experience across the power sector, including generation, transmission, distribution, renewable energy, and green hydrogen. An alumnus of the Delhi Institute of Technology, Faculty of Management Studies (FMS) at Delhi University, and the Indian School of Business (ISB) Hyderabad, Singla is known for his strategic leadership and business turnaround expertise. His professional experience...
JSW Energy commissions India’s largest green hydrogen plant
JSW Energy has commissioned India’s largest green hydrogen manufacturing plant, marking its entry into commercial-scale hydrogen production. The facility, located next to the JSW Steel plant in Vijayanagar, Karnataka, has been developed under Tranche I of the Production Linked Incentive (PLI) scheme. The plant will supply green hydrogen directly to JSW Steel’s direct reduced iron (DRI) unit, enabling low-carbon steel production. Under a seven-year offtake agreement, JSW Energy will supply 3,800 tons per annum (tpa)...
Daily snapshot of key news and trends in the power sector.
Power Sector News Roundup for November 14, 2025
India CEA issues guidelines for tariff bidding in WTE projects The Central Electricity Authority has released guidelines under Section 63 of the Electricity Act 2003 for tariff-based competitive bidding to procure power from new grid-connected Waste to Energy projects. The rules set a uniform process for procurement and apply only to projects that use commercially proven technologies. They define the responsibilities of the implementing agency, the developer, and the procurer. The bidding process will follow...
Power Sector News Roundup for November 13, 2025
India PXIL appoints Vivek Singla as Managing Director and CEO Power Exchange India Limited has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla has over 35 years of experience in the power sector, covering generation, transmission, distribution, renewables, and green hydrogen. An alumnus of Delhi Institute of Technology, FMS Delhi University, and ISB Hyderabad, he is known for leadership in business transformation and deal structuring. Before joining PXIL, he served as...
Power Sector News Roundup for November 12, 2025
India ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth ReNew Energy reported a 5.3% year-on-year decline in consolidated net profit to Rs 467.5 crore for Q2 FY26, compared to Rs 493.9 crore a year earlier, even as total income increased to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenue across segments. The company’s solar module and cell manufacturing business contributed Rs 1,012.8 crore during the quarter....
Power Sector News Roundup for November 11, 2025
India Waaree Renewable Technologies expands EPC contract by Rs 27.22 crore Waaree Renewable Technologies Ltd. has expanded the value of its existing engineering, procurement, and construction (EPC) contract for a 980 MWp / 700 MWac solar project by Rs 27.22 crore. The company received formal confirmation of the enhancement on November 10, 2025. With this revision, the total contract value now stands at Rs 1,017.82 crore, including taxes. The scope expansion applies to an ongoing...
Power Sector News Roundup for November 10, 2025
India PFC, Schneider Electric, and KPI Green announce Q2 FY2025-26 results Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, up 2.06% from Rs 43.70 billion a year earlier. Revenue rose 11.82% to Rs 147.60 billion, supported by loan book expansion and cost efficiency. The results were approved by the board on November 7, 2025. Schneider Electric India’s net profit declined 3.5% year-on-year to Rs 52.3 crore, though...
Power Sector News Roundup for November 7, 2025
India BHEL secures Rs 6,650 crore EPC order for Darlipali Stage-II project Bharat Heavy Electricals Limited (BHEL) has secured an engineering, procurement, and construction (EPC) order worth over Rs 6,650 crore from NTPC Limited for the 1×800 MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha. The contract, awarded through international competitive bidding, covers design, engineering, equipment supply, erection, commissioning, and civil works. Completion is scheduled within 48 months. Pahal Solar announces 112 MW solar...
Power Sector News Roundup for November 6, 2025
India INOX India, Suzlon Energy, and ACME Solar report Q2 FY26 results INOX India Ltd reported a 16% year-on-year revenue increase to Rs 371 crore in Q2 FY26, with EBITDA rising 18% to Rs 92 crore and profit after tax up 22.9% to Rs 62 crore. Export revenue stood at Rs 211 crore, contributing 57% to total income. For the first half of FY26, revenue reached Rs 723 crore, up 16.3%, with EBITDA at Rs...
Power Sector News Roundup for November 5, 2025
India MNRE takes case-by-case approach on REIA bids The Ministry of New and Renewable Energy (MNRE) has decided against cancelling Renewable Energy Implementing Agency (REIA) projects in bulk and will assess each case individually. It aims to balance developer, DISCOM, and grid concerns as India moves toward storage-integrated renewable growth. REIAs have issued Letters of Award (LoAs) for 43,942 MW with unsigned Power Sale Agreements (PSAs), while 24,928 MW of PSAs have been finalized since...
Power Sector News Roundup for November 4, 2025
India 93 GW renewable backlog triggers government action on unsigned PPAs and PSAs The Ministry of Power has instructed Renewable Energy Implementing Agencies (REIAs) to close or cancel pending renewable energy bids and Letters of Award (LoAs) by November 30, 2025, where Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) cannot be signed. The move follows a review chaired by Secretary (Power) Pankaj Agarwal on October 17, 2025. Since FY 2023-24, REIAs have tendered...
Power Sector News Roundup for November 3, 2025
India NTPC posts marginal rise in Q2 profit despite lower revenue NTPC Limited posted a marginal 0.11% increase in consolidated net profit at Rs 4,653 crore for Q2 FY25, compared to Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% year-on-year to Rs 39,166 crore. Earnings before interest, tax, depreciation, and amortisation rose 3.4% to Rs 10,019 crore. Operating margin improved to 25.6% from 24% a year earlier. ADB approves...
Power Sector News Roundup for October 31, 2025
India India and Nepal advance cross-border power transmission projects India and Nepal have signed agreements to develop two high-capacity cross-border transmission corridors to strengthen electricity trade and regional energy cooperation. Power Grid Corporation of India Limited (POWERGRID) and Nepal Electricity Authority (NEA) will form two joint venture entities, one in each country, to implement the projects. The transmission lines include the 400 kV Inaruwa–New Purnea and 400 kV Lamki Dododhara–Bareilly double circuit (quad moose) links....
Power Sector News Roundup for October 30, 2025
India MNRE issues new SOP for wind turbine and component certification The Ministry of New and Renewable Energy (MNRE) has released a new Standard Operating Procedure (SOP) for the Approved List of Models and Manufacturers for Wind (ALMM-Wind) and the Wind Turbine Components list (ALMM-WTC), replacing the earlier Revised List of Models and Manufacturers (RLMM). The SOP sets a two-tier certification system covering turbines and their major components such as blades, towers, and gearboxes. Each...
Power Sector News Roundup for October 29, 2025
India Shree Cement commissions 20 MWp solar plant in Uttar Pradesh Shree Cement has commissioned a 20 MWp solar power plant in Chitrakoot, Uttar Pradesh, to supply electricity to its Etah grinding unit. Phase 1 has achieved commercial operation after approval from the Uttar Pradesh State Load Dispatch Centre. Phase 2 will be completed by Q4 FY2025–26. The project will offset about 22,000 tonnes of CO₂ annually and has created 30–40 local jobs. With this...
Power Sector News Roundup for October 28, 2025
Global: Saft wins 356 MWh BESS contract with Foxwell Power in Taiwan India: Inox Solar signs Rs 70 billion supply deal with China’s LONGi Ministry of Coal issues vesting orders for three commercial coal blocks NTPC Green, Paradip Port sign MoU on green hydrogen Pace Digitek wins SECI order for 1,200 MWh BESS in Andhra Pradesh Rayzon Solar secures SEBI approval for Rs 15 billion IPO Crompton wins Rs 4.45 billion rooftop solar project in...
Power Sector News Roundup for October 27, 2025
Global: Japan to fast-track nuclear restarts to cut fuel costs Pakistan’s Balakot hydropower project completes river diversion India: MNRE launches REEIMS for monitoring renewable energy equipment imports RREC withdraws wind and hybrid project procedure NHPC begins wet commissioning of first unit at Subansiri Lower HEP SRPC allocates 50 MW from KKNPP Unit 1 for startup of Units 3 and 4 JSW Energy to start 5-GWh battery plant in Pune Opposition grows to Rs 20,000 crore...
Power Sector News Roundup for October 24, 2025
Global: Rondo Energy commissions world’s largest industrial heat battery India: India supports 10 Pacific nations with solar power under UN partnership Juniper Green commissions 64 MW renewable projects Vikram Solar secures 149 MW module order from Sunsure Energy Bondada Engineering awarded Rs 1,050 crore Adani solar project in Gujarat EQT retains Zelestra India, appoints Parag Sharma as new CEO Keppel gains full control of Cleantech Solar, eyes $400 million sale Kalpataru Projects secures Rs 2,332...
Power Sector News Roundup for October 23, 2025
Global: Bahrain launches tender for 150 MW solar power plant India: KPI Green Energy wins Rs 696.5 crore solar EPC project from SJVN REC completes transfer of two power transmission subsidiaries NHPC declares full commercial operation of Karnisar Solar Project NTPC Renewable adds 133.7 MW solar capacity at Khavda MPIDC seeks EoI for wind tunnel facility in Madhya Pradesh MNRE clarifies scope of Quality Control Order for solar storage batteries
Power Sector News Roundup for October 22, 2025
Global: Germany introduces hydrogen capacity reservation framework from 2026 India: Uttar Pradesh plans 22 GW solar capacity with Rs 35,000 crore investment Avaada Electro files confidential papers with SEBI for IPO ACME Solar signs 50 MW FDRE PPA with Tata Power and commissions 28 MW wind project in Gujarat Mines Ministry revises mineral auction rules to speed up mine development Adani Power and Druk Green form JV for Wangchhu hydro project Vena Energy expands renewable...
Power Sector News Roundup for October 17, 2025
India: SECI auction discovers lowest tariff for 2 GW solar with 1 GW/4 GWh storage Blueleaf and Jakson achieve financial close for 840 MWp Rajasthan solar projects CCI approves Vedanta’s acquisition of Jaiprakash Associates EIB Global to invest $60 million in India Energy Transition Fund Saatvik secures Rs 6.89 billion solar module orders across India Inox Wind to invest Rs 400 crore in Karnataka wind manufacturing unit DRDO and SECI to develop 300 MW solar...
Power Sector News Roundup for October 16, 2025
India: Sebi uncovers Rs 173 crore insider trading in IEX shares China files WTO complaint against India over EV and battery subsidies Envision Energy secures 502 MW wind turbine order from Evren Power Mech Projects wins Rs 2,500 crore BoP order for Singareni project Adani Green commissions 50 MW solar unit at Khavda, forms five new subsidiaries KEC International wins Rs 1,038 crore substation order in Saudi Arabia NTPC Green adds 12.5 MW solar capacity...
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