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India’s energy storage capacity to rise 12-fold: SBICAPS report
India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include storage, rising from 5% of projects in FY 2020 to 23% by FY 2024. Battery…
AIIB approves $52m loan for Sri Lanka’s Kerawalapitiya-Port L transmission line
The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction,…
Sterling and Wilson emerges L1 bidder for solar project in Gujarat
Sterling and Wilson Renewable Energy Limited (SWREL) has been declared the lowest (L1) bidder for a turn-key engineering, procurement, and construction (EPC) contract of 245 MW (AC) solar capacity in Gujarat. The company said its gross order inflows, including L1 positions, have crossed Rs 2,000 crore in 2025. SWREL added that domestic demand remains strong…
Juniper Green, Jakson Green, and RIH Renewables win 200 MW GUVNL wind project auction under Phase VIII
Juniper Green Energy, Jakson Green, and RIH Renewables (EDF Renewables) have won Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 200 MW of grid-connected wind power projects in India under Phase VIII. Originally launched in July 2024 for 500 MW, GUVNL later reduced the auction capacity to 200 MW. Juniper Green secured 50 MW…
Laser Power’s Rs 4.15 crore order marks India’s first AECC project
Laser Power & Infra Limited has received a Letter of Intent (LoI) from Himachal Pradesh State Electricity Board Limited (HPSEBL) for the supply and installation of High Temperature Low Sag (HTLS) conductors under a turnkey reconductoring project in the Nalagarh Electrical Division of Himachal Pradesh. The order is valued at approximately Rs 4.15 crore and…
POWERGRID acquires Mandsaur I RE Transmission project
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Mandsaur I RE Transmission Limited (MIRETL), a special purpose vehicle for the transmission project titled “Augmentation of transformation capacity and implementation of line bays at Mandsaur substation for RE interconnection” in Madhya Pradesh. The acquisition, finalised on October 8, 2025, follows POWERGRID’s selection…
