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NTPC commissions 3 MWh vanadium flow battery system
Union Power Minister Manohar Lal has inaugurated NTPC’s 3 MWh vanadium redox flow battery project. The system has been developed through NTPC’s in-house research and development programme and commissioned at the NTPC Energy Technology Research Alliance in Greater Noida, Uttar Pradesh. The project advances India’s long-duration storage capability and supports better integration of renewable power…
Huawei signs deal to supply 4.5GWh battery storage in Philippines
Huawei has signed an agreement with the Meralco Terra Solar project in the Philippines to supply a 4.5GWh battery energy storage system. This marks Huawei’s largest energy storage project, integrating containerized batteries, fire suppression systems, and advanced energy management solutions. The project, developed by SPNEC’s Terra Solar Philippines, includes a 3.5 GWp solar power facility…
PFC board approves in-principle merger with REC, exits PTC India board
Power Finance Corporation Limited (PFC) has initiated a major restructuring following the Union Budget 2026–27, with its Board approving in-principle a merger with its subsidiary, REC Limited. The Board has also approved the withdrawal of PFC’s nominee director from the board of PTC India Limited, along with the surrender of all related promoter rights. In…
Websol raises Rs 48 crore via promoter warrant conversion
Websol Energy System Limited has completed a promoter-led capital raise of Rs 48.09 crore through the conversion of previously issued warrants into equity shares. The allotment was approved at a board meeting held on March 13, 2026. The shares were allotted to Websol Green Projects Private Limited, a promoter group entity led by Chairman Sohan…
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Bhutan’s Kholongchhu Hydro signs Rs 4,829 crore loan deal with PFC
Kholongchhu Hydro Power Ltd (KHPL) has signed a Rs 4,829 crore term loan agreement with Power Finance Corporation (PFC) to fund the 600-megawatt Khorlochhu Hydropower Project in Bhutan. KHPL is a joint venture with Druk Green Power Corporation Ltd (DGPC) holding 60 per cent and Tata Power Company Ltd holding 40 per cent. Located in…
Planning application submitted for 2GW Caledonia offshore wind farm in Scotland
Ocean Winds has submitted a planning application to the Scottish government’s Marine Directorate for the 2GW Caledonia offshore wind farm in the outer Moray Firth. This milestone follows three years of extensive development work since the site was awarded through the ScotWind process in 2022. The Caledonia wind farm, located east of the operational Moray…
