Power Sector News Roundup for June 9, 2025

By

Global: Neoen inaugurates Portugal’s largest solar park in Azambuja Global energy investment to rise to USD 3.3 trillion in 2025: IEA India: Sembcorp wins 150 MW solar plus storage project from SJVN Delta Electronics signs wind power deal for Tamil Nadu facilities Vedanta expands RTC renewable energy capacity to 1.03 GW Oyster Renewable and Jindal Stainless to build hybrid project Vikram Solar receives SEBI nod for Rs 15 billion IPO States discuss power reforms at…

|

FACTS devices in modern power systems

By

Flexible AC transmission system (FACTS) devices use power electronics to dynamically control voltage, impedance and phase angle in AC networks. They improve stability, boost transfer capacity, and enhance power quality in heavily loaded grids and those with high renewable penetration. Traditional transmission systems are rigid and slow to respond. FACTS devices solve this by adding voltage or current in a controlled way, either in series or parallel with the line. This real-time control helps reduce…

|

Global energy investment to rise to USD 3.3 trillion in 2025: IEA

By

Global energy investment is set to reach USD 3.3 trillion in 2025, up 2% from 2024, according to a report from the International Energy Agency (IEA), World Energy Investment 2025. Around USD 2.2 trillion will go to clean energy, double the USD 1.1 trillion set for fossil fuels. China, Europe, the US, and India drove most of the clean energy growth over the past five years. While emissions cuts are a factor, energy security, industrial…

|

Neoen inaugurates Portugal’s largest solar park in Azambuja

By

French renewable energy firm Neoen has inaugurated Portugal’s largest solar park, located in Azambuja, 70 km north of Lisbon. The facility began supplying electricity to the grid in late 2024 and is now fully operational. The park includes the 204 MWp Rio Maior and the 68 MWp Torre Bela solar farms, which together will generate over 500 GWh of electricity annually—enough to power 110,000 homes. The site connects to the Portuguese national grid through a…

|

India’s clean energy rise continues, but investment needs remain high

By

India is making rapid progress in expanding clean power, with 83% of power sector investment in 2024 going to renewables and a rising share of non-fossil capacity. However, a June 2025 report from the International Energy Agency (IEA), titled “World Energy Investment 2025,” highlights that current policies still fall short of the funding needed to meet long-term goals. While foreign and domestic investment is growing, key risks—like discom payment delays, land issues, and transmission gaps—continue…

|

Power Ministry allows ISBs and POIs for transmission bid security

By

The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a Bid Bond to include three instruments: unconditional bank guarantees, ISBs issued by IRDAI-authorised insurers, and POIs issued solely by IREDA,…

|

Reliance, Avaada, SASA among new additions to ALMM solar module list

By

The Ministry of New and Renewable Energy (MNRE) has released the 39th revision of the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic (PV) modules.   Reliance Industries Limited has officially joined the ALMM list. Its new bifacial hetero-junction monocrystalline silicon (HJT) modules are now registered, with efficiencies reaching up to 23.12%. The listed capacity for its manufacturing facility in Jamnagar, Gujarat, stands at 1716 MW/year. Avaada Electro Private Limited also made its debut….

|

MCX gets SEBI nod to launch electricity derivatives contracts

By

The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong push from regulators to deepen and modernise India’s power markets. Electricity derivatives are financial contracts linked to electricity prices. They…

|

States discuss power reforms at northern region conference

By

The Regional Conference for Northern States and Union Territories was held on 6 June in Chandigarh. Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs, chaired the meeting.  With peak demand expected to rise to 446 GW by 2034–35, Shri Manohar Lal called for a balanced mix that includes nuclear generation. The Minister asked States to resolve issues delaying intra-state transmission projects and to consider multilateral funding sources.   On grid security, he…

|

Vikram Solar receives SEBI nod for Rs 15 billion IPO

By

Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company plans to allocate Rs 7.93 billion from…