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Glow raises USD 30 million to expand solar energy projects in India

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Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures.  The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power.  These facilities are located at Rays Power Experts’ site near Bikaner….

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Cyient DLM partners with Arcedo Systems for rooftop solar project in Mysore

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Cyient DLM has signed a memorandum of understanding (MoU) with Arcedo Systems to establish a 500 kWp rooftop solar power plant at its Mysore facility.  Arcedo Systems will handle the design, engineering, installation, and maintenance of the plant, which will operate under a long-term power purchase agreement (PPA).  Cyient DLM will source solar power directly from the facility, reducing its carbon footprint and enhancing energy efficiency. Cyient DLM CEO Anthony Montalbano highlighted the company’s focus…

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MP allots additional land to industrial area for RE manufacturing

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The Madhya Pradesh government, led by Chief Minister Dr. Mohan Yadav, has allocated an additional 442.04 acres to the Mohasa-Babai Industrial Area in Narmadapuram, doubling its size to 884 acres.  The expansion aims to boost manufacturing in electric and renewable energy equipment.  The state Cabinet has also revised allotment processes and facilities for businesses in the industrial park. Additionally, the Cabinet approved road infrastructure projects worth Rs 23.1 billion to enhance connectivity in Indore and…

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BII commits Rs 2.8 billion to boost India’s EV sector

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British International Investment (BII) will invest USD 33.5 million (approximately Rs 2.8 billion) in three companies within India’s electric vehicle (EV) ecosystem.  The investment includes USD 15 million in debt financing for Mumbai-based fleet operator Everest Fleet and USD 15 million in equity funding for EV manufacturer TI Clean Mobility, a subsidiary of Tube Investments India.  Additionally, USD 3.5 million will go to Delhi-based EV component maker Vecmocon to enhance R&D and expand its presence…

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Adani Energy Solutions wins Rs 250 billion power transmission bid in Rajasthan

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Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.”  The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III…