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ADB approves USD 460 million loan for Maharashtra’s agricultural solarisation
The Asian Development Bank (ADB) has approved a USD 460 million results-based loan to upgrade Maharashtra’s rural power infrastructure and promote distributed renewable energy. The initiative aims to provide farmers with reliable daytime solar electricity for irrigation, improving agricultural productivity and supporting the state’s clean energy goals. The Maharashtra Power Distribution Enhancement Program (MPDEP) for…
MIGA issues $197.67 million guarantee for SBI rooftop solar refinancing
The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group (WBG), has issued a $197.67 million guarantee to support refinancing of a $500 million World Bank loan extended to State Bank of India (SBI) for grid-connected rooftop solar projects. The five-year guarantee aims to accelerate the deployment of solar systems for commercial and…
NTPC Green Energy and MAHAGENCO form JV for renewable energy parks
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra…
Bondada Engineering signs framework deal with Adani for RE projects
Bondada Engineering has entered a framework agreement with the Adani Group that establishes a long-term partnership for design and construction work in renewable energy. The agreement outlines a five-year collaboration. As the first project under this framework, Adani Green Energy has awarded Bondada Engineering a 650 MW solar work order. The company also received a…
Oriana Power incorporates three wholly owned subsidiaries
Oriana Power Limited has incorporated three wholly owned subsidiaries within two days. The newly incorporated entities are Brightera Solar Private Limited, Sunpeak Solutions Private Limited, and Prime Energy Solutions Private Limited. Brightera Solar Private Limited and Sunpeak Solutions Private Limited were incorporated on March 11, 2026, while Prime Energy Solutions Private Limited was incorporated on…
Hinduja Renewables signs solar PPAs with Lloyd Metals
HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp)…
