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India and UK launch second phase of ASPIRE programme for clean energy

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India and the UK have launched the second phase of the Accelerating Smart Power and Renewable Energy in India (ASPIRE) programme during the Fourth India-UK Energy Dialogue in New Delhi. The initiative aims to enhance technical collaboration for round-the-clock power supply, expand renewable energy adoption, and accelerate industrial energy efficiency and decarbonisation. It will be implemented in partnership with India’s Ministry of Power and Ministry of New and Renewable Energy. A UK-India offshore wind taskforce…

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Gautam Solar sets up new solar module facility in Haryana

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Gautam Solar has launched a new solar module manufacturing facility in Bhiwani, Haryana, achieving full-scale operations within a year.  Spanning 60 acres, the fully automated plant has already surpassed a 2 GW production capacity, with plans for further expansion.  The facility is currently installing two high-speed production lines sourced from Tier-1 suppliers, set to increase capacity to 3.2 GWp by March 2025. The company aims to scale up to a total capacity of 5 GW…

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Shakti Pumps establishes EV subsidiary

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Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.

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BHEL and Reliance Power report earnings growth in Q3 FY25

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Bharat Heavy Electricals Limited (BHEL) posted a net profit of Rs 1.35 billion for the quarter ending December 2024, marking a 125 per cent increase from Rs 0.60 billion in the same quarter last year.  The company’s total income rose by 31.87 per cent to Rs 73.85 billion, compared to Rs 56 billion in the corresponding period of the previous year. Reliance Power Limited reported a net profit of Rs 0.42 billion for the quarter,…

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Waaree Group starts electrolyser plant construction in Gujarat, expands solar cell capacity

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Waaree Group has started the construction of its alkaline electrolyser manufacturing facility in Valsad, Gujarat, with an initial production capacity of 300 MW.  The plant will support industries like steel, refining, transportation, fertilizers, chemicals, food, and power generation in their transition to decarbonised processes.  The factory will produce high-efficiency, durable electrolysers for large-scale green hydrogen production, featuring low power consumption and flexible operations, along with automated assembly lines for electrolyser stacks. The facility has been…

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Australian Premium India wins contracts for solar equipment

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Australian Premium Solar (India) Limited has secured contracts worth Rs 1,498.27 million for the supply of solar panels, photovoltaic (PV) modules, and solar inverters. The contracts include Rs 910.84 million for supplying 540 Wp bifacial solar panels (both Domestic Content Requirement (DCR) and non-DCR), solar inverters ranging from 3.3 kW to 500 Wp, and monocrystalline solar PV modules of 500 Wp, 520 Wp, and 535 Wp. These orders are expected to be delivered by May…

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Juniper Green secures financing for RE projects

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Juniper Green Energy Limited has secured Rs 86.82 billion in phased debt financing to develop renewable energy (RE) projects in India, including wind-solar hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The financing has been arranged from multiple institutions, including Power Finance Corporation Limited (PFC), DBS Bank, Hongkong and Shanghai Banking Corporation (HSBC), and the Indian Renewable Energy Development Agency Limited (IREDA).  This financing will enhance the company’s operational capacity and facilitate large-scale renewable…

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Sahaj Solar and Teerth Gopicon form subsidiaries for solar projects

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Sahaj Solar Limited has established a wholly-owned subsidiary, Veracity Renewable Energy Private Limited, to develop solar power projects in India.  The new entity will generate, accumulate, distribute, and supply solar power for its use or sale to governments, state electricity boards, power transmission and distribution intermediaries, industrial units, and consumers. Similarly, Teerth Gopicon Private Limited has incorporated a wholly-owned subsidiary, Teerth RE 1 Private Limited, to implement rooftop solar power projects in Rajasthan.  The subsidiary…

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THDC invites bids to prepare DPR for 1,500 MW Varahi PSP

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THDC Limited has invited bids for hiring a consultant to prepare a detailed project report (DPR) for the Varahi Pumped Storage Project (PSP) in Karnataka. The bidding process began on February 6, 2025, with the last date for submission set for February 24, 2025. The Government of Karnataka has allotted the project to Karnataka Power Corporation Limited (KPCL), which has completed preliminary studies and prepared a pre-feasibility report (PFR).  Located in Shivamogga and Udupi districts,…

MERC notifies draft MERC (Transaction of Business and Fees and Charges) (Second Amendment) Regulations, 2025

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The Maharashtra Electricity Regulatory Commission (MERC) has notified the draft MERC (Transaction of Business and Fees and Charges) (Second Amendment) Regulations, 2025. Amendment to Schedule of Fees and Charges of the Principal Regulations: A new entry, Sr. No. 18, has been added to the schedule of fees and charges, addressing the fees for in-principle or post facto approval of capital investment schemes as per Regulation 4.21 of the MERC (Approval of Capital Investment Schemes) Regulations,…