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Uttar Pradesh targets 14,000 MW solar power
Uttar Pradesh is advancing its renewable energy goals by partnering with energy firms to establish floating solar power plants, aiming to reach 14,000 MW of solar power generation by 2027. Under the ‘PM Surya Ghar Yojana’, the state targets connecting 2.5 million households to solar energy. Floating solar projects are planned for seven reservoirs, in collaboration with NTPC, Tehri Hydro Development Corporation (THDC), and Satluj Jal Vidyut Nigam (SJVN), according to a government official. The…
Orb Energy surpasses Rs 3 billion in financing for MSMEs’ solar transition
Orb Energy, a vertically integrated solar energy solutions provider, has crossed Rs 3 billion in financing disbursements through its zero-collateral, zero-down-payment in-house finance facility. This milestone underscores the company’s commitment to enabling Indian micro, small, and medium enterprises (MSMEs) and small- and medium-sized businesses (SMBs) to transition to solar energy. Orb Energy’s financing solutions address the high upfront costs that often deter solar adoption among SMEs. The company aims to disburse an additional Rs 10…
Jakson Green signs SECI pact for 85,000 tpa green ammonia supply
Jakson Green Ltd’s consortium partner Ocior Energy has signed a green ammonia supply agreement with Solar Energy Corporation of India Ltd, committing to supply 85,000 metric tonnes per annum (MTPA) of green ammonia. The consortium secured the capacity under SECI’s sixth green ammonia auction at a tariff of Rs 50.75 per kg under Mode-2A of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, which provides assured offtake. The supplied ammonia will be delivered to…
India | Leadership | NewsIndosolar appoints Dr Jignesh Rathod as CEO, posts strong Q3 FY26 results
Indosolar Limited, a subsidiary of Waaree Energies Limited, has announced changes in its senior leadership following a recent Board meeting. The Board approved the appointment of Dr Jignesh Devchandbhai Rathod as an Additional Director in a Non-Executive capacity and as Chief Executive Officer (CEO), effective January 16, 2026. His appointment as Director is subject to shareholder approval. At the same meeting, the Board accepted the resignation of Mr Amit Ashok Paithankar from his positions as…
Supreme Court orders states to clear Rs 1.5 lakh crore Discom dues
Electricity tariffs are likely to increase across India following a Supreme Court order directing all states and Union Territories to recover pending dues owed to power distribution companies over the next four years. These liabilities, known as regulatory assets, have accumulated to over ₹1.5 lakh crore. They stem from the gap between actual electricity supply costs and the lower tariffs approved by state regulators. To keep tariffs low, payments to distribution companies were deferred over…
Generation | India | NewsSJVN invites bids for 2 GW pumped storage projects
SJVN Limited has issued a tender to develop 2 GW of energy storage capacity through pumped storage projects across India. The projects will be set up on a build-own-operate model and will provide eight hours of discharge, including up to five hours of continuous discharge. The tender states that bidders will be responsible for the financing, development, design and engineering of the energy storage system. The scope also includes procurement, construction and commissioning. Developers will…
