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JSW Neo acquires 4.7 GW renewable energy platform from O2 Power

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JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has acquired a 4.7 GW renewable energy platform from O2 Power Pooling Pte Limited. O2 Power is a joint venture between global investors EQT and Temasek. The acquisition, valued at Rs 124.68 billion, includes a mix of operational and under-construction renewable assets. Of the total capacity, 2,259 MW is expected to become operational by June 2025. Once commissioned, this portion is projected to…

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TNIDB invites bids for consultant services on 1,800 MW Aliyar pumped storage project

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The Tamil Nadu Infrastructure Development Board (TNIDB) has issued a Request for Proposal (RfP) for selecting a technical consultant for the 1,800 MW Aliyar Coimbatore Pumped Storage Hydro Electric Project. The notice was released on April 4, 2025. The last date for bid submission is April 23, 2025. The selected consultant will be responsible for conducting surveys, preparing technical reports and drawings, and supporting the bid process. These tasks are part of the project preparation…

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MNRE reports record 29.52 GW renewable capacity addition in FY 2024–25

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The Ministry of New and Renewable Energy (MNRE) has reported strong progress in India’s clean energy sector for the Financial Year 2024–25. A record 29.52 GW of renewable energy capacity was added during the year, taking the total installed renewable capacity to 220.10 GW as of 31 March 2025.   Solar energy was the main driver of this increase, with 23.83 GW added in FY 2024–25. This is a notable jump from the 15.03 GW added…

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ADB and AIIB back Caspian green energy corridor project

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The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have signed a memorandum of understanding (MoU) with the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. The agreement supports the feasibility study for the Caspian Green Energy Corridor Project. This MoU outlines a joint effort to create the legal and institutional setup needed for cross-border electricity trade among the three Central Asian nations. The project aims to boost regional energy ties and promote…

Power Sector News Roundup for April 10, 2025

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Global: Egypt and France sign €7 billion deal for green hydrogen and ammonia complex India: Coal Ministry awards Marwatola-II and Namchik West blocks in latest auction Inox Solar secures land in Odisha for 4.8 GW solar manufacturing plant Eastman Auto and Power to invest up to Rs 10 billion by FY27 Waaree Renewable Technologies lists on NSE JSL Super Steel signs PPA with Sunsure Energy for 11 MWp solar power