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ADB approves USD 460 million loan for Maharashtra’s agricultural solarisation
The Asian Development Bank (ADB) has approved a USD 460 million results-based loan to upgrade Maharashtra’s rural power infrastructure and promote distributed renewable energy. The initiative aims to provide farmers with reliable daytime solar electricity for irrigation, improving agricultural productivity and supporting the state’s clean energy goals. The Maharashtra Power Distribution Enhancement Program (MPDEP) for…
Rajasthan signs MoU with RMC Switchgears for 1,000 MW solar park
The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS). The project is slated for completion by 2026.
TPG Rise Climate in talks to acquire Altus Power
TPG Rise Climate, the climate investment arm of TPG, is in discussions to acquire US-based solar developer Altus Power, according to Reuters sources. The deal, which could be formalized in the coming weeks, is not yet finalized, and there is still a possibility of no transaction occurring. Altus Power, a leading clean energy provider for…
Tata Power EV arm and VECV sign MoU to advance EVs
Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles Limited (VECV) have entered into an agreement to expand the use of electric trucks and buses in India, with a specific focus on the recently launched Eicher Pro X range of small commercial vehicles. The memorandum of understanding, announced on September 29, 2025, outlines…
GE Vernova T&D India to supply power transformers for Khavda project
GE Vernova T&D India Limited has secured an order from Sterlite Power for the supply and supervision of 765 kV power transformers and reactors for the Khavda project. The contract, valued at approximately Rs 4 billion, is scheduled to be completed within two years.
Hellenic Cables secures contract for Leading Light Wind project in the US
Hellenic Cables, part of Cenergy Holdings, has won a contract to supply 65km of 132kV inter-array cables for the Leading Light Wind project, a 2.4GW offshore wind farm located over 40 miles off the New Jersey coast. Cable manufacturing will commence in autumn 2024 at the company’s Corinth facility in Greece, with delivery expected by…
