Similar Posts
Actis acquires Stride Climate’s 371 MW solar portfolio in India
Actis, a global investor in sustainable infrastructure, has acquired the entire operating portfolio of Stride Climate Investments, consisting of 371 MW (414 MWp) of solar power projects in India. The deal was finalized with Macquarie Asset Management, which previously managed the portfolio. The portfolio includes 21 solar projects spread across seven states, with a significant…
GE Vernova wins PGCIL order for Chandrapur HVDC upgrade
GE Vernova T&D India Limited announced on 17 December 2025 that it has received a Letter of Award from Power Grid Corporation of India Limited (PGCIL) for the refurbishment of the 2 x 500 MW high voltage direct current (HVDC) Chandrapur back to back link. The project is a key interconnection between the Northern and…
Delhi HC upholds Rs 1.15 billion arbitration award for BHEL in RattanIndia dispute
The Delhi High Court has upheld a Rs 1.15 billion arbitration award in favor of Bharat Heavy Electricals Limited (BHEL) in a dispute with RattanIndia Power Limited over the Nasik Thermal Power Project Phase I. The ruling, delivered on March 6, 2025, reinforces BHEL’s claim, including an 18% annual interest from 30 days after the…
REC Limited posts 17% revenue growth, Rs 74.88 billion net profit in Q2 FY25
REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion….
Bridge and Roof wins contract for 100 MW solar project in Rajasthan
Bridge and Roof Company (India) Limited secured an engineering, procurement, and construction (EPC) contract worth Rs 3.51 billion for the development of a 100 MW solar photovoltaic (PV) project at Nawa in Didwana Kuchaman district, Rajasthan, on January 21, 2025. The project was originally bid by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of…
Renewable energy projects face up to 12-month delay in signing of PPAs
India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between…
