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Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects
Masdar, the Abu Dhabi Future Energy Company, and China’s Silk Road Fund have signed a memorandum of understanding (MoU) to co-invest up to 20 billion yuan ($2.8 billion) in renewable energy projects. The agreement, signed at the COP29 climate conference in Baku, Azerbaijan, focuses on Belt and Road Initiative (BRI) countries and the global south….
RREC withdraws wind and hybrid project procedure
The Rajasthan Renewable Energy Corporation Limited (RREC) has withdrawn its procedure for implementing wind and hybrid projects and will no longer register or verify wind turbine generator (WTG) coordinates on private land. Developers will now be solely responsible for maintaining mandatory spacing between turbines. The order, issued on October 15, 2025, revokes the “Procedure-cum-Guidelines for…
ADB, GRE sign $350 million loan for solar-plus-BESS projects in Thailand
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited (GRE), a subsidiary of Gulf Development Public Company Limited (GULF), have signed a $350 million loan agreement to expand renewable energy generation in Thailand. The financing will support construction of three projects combining solar power with battery energy storage systems (BESS). The loan will…
Jindal Saw to acquire 31.2% stake in ReNew Green MHH One
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company. RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be…
Four firms receive LoIs for 127 MW decentralised solar projects in Gujarat
Dakshin Gujarat Vij Company Limited (DGVCL) has issued Letters of Intent (LoIs) to four firms for the development of 127 MW decentralised solar power projects under component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program in Gujarat. Details of the firms and their respective projects: KPI Green Energy Limited: 51…
Global coal power additions fall to 20-year low
Global coal power additions in 2024 dropped to their lowest level in two decades, according to a new report by US-based think tank Global Energy Monitor (GEM). Despite the slowdown, the overall coal fleet still grew, driven mainly by new capacity in China and India. GEM’s Global Coal Plant Tracker found that 44.1 gigawatts (GW)…
