Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited. The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Bolt.Earth has raised $5 million in a Series A+ funding round, led by Version One Ventures with participation from existing investors USV and Prime Venture Partners. The company plans to use the funds to scale its operations in India and develop fast charging stations for two-, three-, and four-wheelers. The company will deploy end-to-end EV charging solutions, including hardware, software, and maintenance, targeting apartment complexes, builders, enterprises, and fleets. Bolt.Earth is also working on next-generation…
Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, also rated at 585/590 Wp, for another renewable energy project in India.
Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries ensures improved safety, extended lifespan,…
Ravindra Energy Limited (REL) received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up 44 MW of decentralized solar power projects in Maharashtra on January 16, 2025. The project involves the development of 44 MW across 15 substations of MSEDCL for feeder-level solarization under MSKVY 2.0, part of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The power generated will be supplied to MSEDCL under…
Here are the update on the latest regulatory developments in India’s renewable sector: KERC passes order on non-levy of grid support charges on CPP including SRTPV plantsThe Karnataka Electricity Regulatory Commission (KERC) has issued an order stating that no grid support charges shall be levied on captive power plants (CPP), including solar rooftop photovoltaic (SRTPV) plants, that comply with the provisions of Section 9 of the Electricity Act, 2003, and the Electricity Rules, 2005. This…
Here are the latest updates on regulatory developments in India’s power generation sector: GERC rejects GUVNL’s petition for review of August 2023 order:The Gujarat Electricity Regulatory Commission (GERC) has rejected Gujarat Urja Vikas Nigam Limited’s (GUVNL) petition to review its August 10, 2023 order in Petition No. 1817 of 2019. GUVNL had claimed errors in the order, citing its counterclaim for compensation against Sipla Energy. However, GERC found no errors apparent on the record,…
KP Energy Limited commissioned 6.3 MW of wind power capacity under Phase XI of the 250.8 MW ISTS Connected Wind Power Project on January 17, 2025. The capacity includes three 2.1 MW wind turbine generators (WTGs) at the Sidhpur site in Devbhoomi Dwarka, completing the entire project. The project involved the development of a 250.8 MW ISTS-connected wind power project under Tranche VIII by Solar Energy Corporation of India (SECI) in Sidhpur, Gujarat. It was…
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, commenced commercial operations of 25 MW capacity under the 200 MW Gujarat Solar PV Project-Phase XI in Sadla on January 17, 2025. NTPC won the 200 MW capacity bid for GUVNL’s Phase-XI project in December 2020 at a tariff of Rs 1.99 per kWh. The project, part of GUVNL-I, involves the development of 200 MW grid-connected solar photovoltaic power projects in Gujarat. GUVNL has signed…