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Renewable energy projects awarded via TBCB qualify as PPP projects, SEBI clarifies
The Securities and Exchange Board of India (SEBI) has clarified that renewable energy projects awarded through tariff-based competitive bidding (TBCB) or other open competitive bidding mechanisms to special purpose vehicles (SPVs) of infrastructure investment trusts (InvITs) will be treated as Public-Private Partnership (PPP) projects under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The clarification was…
GE Vernova unveils advanced containerized solution for energy storage
GE Vernova Inc. has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS) with a capacity of 5 MWh and an operational duration of 2-8 hours. Designed for utility-scale renewable and energy storage projects, the solution enhances grid reliability by storing excess energy during high-generation periods and releasing it…
LCCC signs three contracts under UK hydrogen round
The Low Carbon Contracts Company (LCCC) has signed three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1), part of the UK government’s Hydrogen Production Business Model. These initial agreements include the Cromarty, Whitelee, and West Wales projects, with a combined capacity of 31.8 megawatts (MW). The Hydrogen Production Business Model offers long-term revenue support…
Adani, Dioxycle to build India’s first renewable-powered formic acid plant
Adani Enterprises Limited (AEL) has announced a long-term partnership with French clean-technology company Dioxycle to develop and scale low-carbon chemical manufacturing in India. The media release was submitted to stock exchanges on July 10, 2026. The collaboration will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon…
National Grid Renewables begins construction of 100MW Apple River Solar project
National Grid Renewables has started construction on the 100MW Apple River Solar project in Polk County, Wisconsin. Scheduled to commence operations in late 2025, the project will generate clean energy sufficient to power approximately 26,000 homes annually. The solar farm will use First Solar Series 6 Plus bifacial modules. Construction is being handled by The…
PGCIL secures LoIs for two ISTS schemes in Rajasthan
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two…
