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IEX, Adani Power, ACME Solar, NTPC Green and REC report Q3 results
Major Indian power sector players show mixed Q3 FY26 results, reflecting varied market dynamics. Adani Power Limited posted a decline in performance for the third quarter of FY26. Net profit fell 18.9% year on year to Rs 2,479 crore, compared with Rs 3,057 crore in the same quarter last year. Revenue declined 8.9% to Rs…
UPPCL to levy 10% fuel surcharge on June 2026 electricity bills
Uttar Pradesh Power Corporation Limited (UPPCL) will impose a Fuel and Power Purchase Adjustment Surcharge (FPPAS) of 10% on electricity bills in June 2026 for all categories of consumers. The surcharge has been introduced in line with the Uttar Pradesh Electricity Regulatory Commission (UPERC) Multi Year Tariff (MYT) for Distribution Regulations, 2025. In a circular…
Goldi Solar secures Rs 14.22 billion funding to boost manufacturing capacity
Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors. The consortium includes Ambit Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment…
UK and US collaborate on advanced nuclear technologies at COP29
The UK and US have announced a partnership at COP29 in Baku, Azerbaijan, to advance nuclear technologies aimed at industrial decarbonisation and energy security. UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed an agreement to fund billions of pounds in nuclear research and development, engaging leading academic institutions and…
SEFE and Höegh Evi to develop clean hydrogen supply chains in Europe
Securing Energy For Europe (SEFE) and marine infrastructure provider Höegh Evi have signed an MoU to establish international supply chains for clean hydrogen, with a focus on ammonia-based transportation. The collaboration will encompass sourcing ammonia, shipping it to floating import terminals, and converting it into hydrogen using Höegh Evi’s ammonia-to-hydrogen cracker. SEFE will manage global…
Rajasthan allocates 4,000 hectares for 2,000 MW solar project
Rajasthan Chief Minister Bhajan Lal Sharma has approved the allocation of 4,000 hectares in Bodana village, Jaisalmer district, to the Rajasthan Solar Park Development Company for establishing a 2,000 MW solar power project. This initiative aligns with the state’s commitment to advancing renewable energy and supporting clean energy goals.
