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Sterling and Wilson reports record Rs 1,050 billion order book
Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book, exceeding Rs 1,050 billion as of October 14, 2024.  In Q2 FY25 (July to September), SWREL recorded an order inflow of approximately Rs 205 billion, including an Rs 82.3 billion order received on October 14. All orders were from the domestic…
SECI invites bids for 1 GW excess renewable supply and 1 GW pumped storage
The Solar Energy Corporation of India (SECI) has invited bids under two separate tenders totalling 2,000 MW. One tender seeks 1,000 MW of surplus power from renewable energy projects. The other seeks developers for 1,000 MW of grid-scale pumped-storage capacity. The first tender is through a Request for Selection (RfS). It covers the supply of…
Andhra Pradesh unveils policy to attract Rs 10 trillion investment for clean energy
The Andhra Pradesh government aims to secure Rs 10 trillion in investments through its newly launched AP Integrated Clean Energy (ICE) Policy, focusing on solar, wind, and round-the-clock renewable energy projects to achieve net-zero carbon emissions by 2047. Chief Minister N Chandrababu Naidu announced the policy, which offers incentives such as affordable land acquisition and…
Waaree Renewable Technologies doubles revenue, profit in FY26
Waaree Renewable Technologies Limited (WRTL), the engineering, procurement, and construction (EPC) arm of the Waaree Group, reported strong financial results for the financial year ended March 31, 2026. The company more than doubled its revenue and profit on a year-on-year (YoY) basis, supported by execution gains and favourable solar market conditions. For FY26, WRTL recorded…
Masdar to develop 1GW renewable energy projects in Philippines
Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines Department of Energy (DoE) and the Board of Investments, support the country’s energy transition programme. This initiative aims to…
BluPine Energy secures Rs 5,400 crore refinancing facility from Axis Bank
BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has…
