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IndiGrid, BII, and Norfund launch $300 million platform
IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next…
Nagaland to receive Rs 6.67 billion to upgrade power distribution
The Union Government has sanctioned Rs 6.67 billion under the Revamped Distribution Sector Scheme (RDSS) to improve Nagaland’s power distribution infrastructure. Nagaland has one of the highest Aggregate Technical and Commercial (AT&C) losses in India, standing at 45.8% in FY23. Under RDSS, the government is focusing on reducing these losses by upgrading substations, replacing bare…
BASF and AM Green partner to explore low-carbon chemical production in India
BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent…
Waaree Energies secures orders for 330 MW of solar modules
Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150…
Sahaj Solar and Teerth Gopicon form subsidiaries for solar projects
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…
WBSEDCL invites bids to set up 245 EV charging and battery swapping stations
The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has invited bids for the supply, installation, operation, and management of electric vehicle (EV) charging and battery-swapping stations across the state. The tender aims to establish 245 stations at key locations, including Kolkata and major national and state highways, under a revenue-sharing model. According to the…
