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Greenko’s new pumped storage projects in Assam, MP, Odisha

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Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs in the state. In Odisha, Greenko signed an MoU in January 2025 to develop a 1,200 MW off-stream closed-loop pumped…

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Renewable energy cannibalization lowers solar market revenues in Europe

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Photovoltaics (PV) and wind now dominate Europe’s power generation, surpassing fossil fuels, according to the latest Enervis report. However, increasing cannibalization of renewable energy is reducing market revenues for solar and wind power producers. Cannibalization occurs when high solar and wind generation floods the electricity market, driving down prices, sometimes even turning negative. In 2024, this effect was particularly strong in Germany, where PV capture rates dropped to just 59%, the lowest in Europe. In…

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TP Solar secures 292.5 MWp module supply contract from SECI

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TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), has secured a contract from the Solar Energy Corporation of India Limited (SECI) to supply 292.5 MWp of Domestic Content Requirement (DCR) solar modules.  The contract, valued at Rs 6.32 billion, is part of SECI’s 400 MWp tender under the CPSU Scheme Tranche-III. The modules will be delivered to Ramagiri, Andhra Pradesh, between October 2025 and January 2026. Tata Power, a leading integrated…

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Servotech and CIMSME to install 100,000 solar rooftops

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Servotech Renewable Power System Ltd. and the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) have signed a Memorandum of Understanding (MoU) to promote solar energy adoption across India.  Under the initiative, 100,000 solar rooftop systems will be installed in homes by 2026 in support of the PM Surya Ghar Muft Bijli Yojana. A mobile application, developed by CIMSME in collaboration with Servotech, will streamline the solar installation process from roof inspection and documentation…

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Shakti Pumps invests Rs 600 million in EV mobility subsidiary

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Shakti Pumps Limited has invested Rs 600 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 6 million equity shares with a face value of Rs 10 each. Last week, Shakti Pumps invested Rs 390 million in the subsidiary by subscribing to 4 million equity shares.  Shakti EV Mobility is engaged in manufacturing, processing, trading, and distributing EV motors and charger controllers.   Established in December 2021, Shakti EV…

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KP Energy fully commissions 28.6 MW wind power project in Gujarat

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KP Energy Limited has commissioned a 2.8 MW wind turbine generator (WTG) under its 28.6 MW wind power project at Vagra in Bharuch, Gujarat, on February 22, 2025, marking the full completion of the project. The project, developed under the Independent Power Producer (IPP) segment, will supply power to Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of Rs 2.43 per kWh. Earlier this month, KP Energy commissioned a 25.8 MW wind power project…

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Adani Green and Madhav Infra commission solar projects in Gujarat

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Adani Green Energy Twenty Six B Limited, a subsidiary of Adani Green Energy Limited (AGEL), has commenced commercial operations for a 67 MW solar power project under the 30,000 MW Khavda Wind-Solar Hybrid Power Park in Gujarat’s Rann of Kutch on February 24, 2025. The Khavda project includes 26,000 MW of solar and 4,000 MW of wind power, with Gujarat Industries Power Company Limited (GIPCL) as the nodal agency. Adani Green is developing the project,…

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Madhya Pradesh secures MoUs for RE projects at Global Investors Summit

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Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four Square Green Energy Private Limited signed an MoU worth Rs 50.05 billion for solar, wind, and BESS projects. OPG Power…

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Waaree and Bhagyanagar secure solar contracts

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Waaree Renewable Energy Technologies Limited has secured a contract from ABREL EPC Limited, a subsidiary of Aditya Birla Renewables Limited, for supplying solar photovoltaic (PV) modules for a 410 MWp solar power project in India. The module supply is expected to begin in FY 2026. Bhagyanagar India Limited has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 53 MW decentralized solar power projects under the Mukhyamantri Saur…

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Adani Green wins 1,250 MW pumped storage project in Uttar Pradesh

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Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy Limited (AGEL), has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for energy storage capacity from the 1,250 MW Pumped Storage Project in the Sonbhadra district. The annual fixed cost payable under the LoA is Rs 76.53 million per MW per year, excluding taxes, for a 40-year period from the Commercial Operation Date (COD). The project will be developed…