Adani Energy Solutions Limited (AESL) established Adani Energy Solutions Step-Eleven Limited (AESSEL), a special purpose vehicle (SPV), on December 17, 2024.
The SPV will focus on transmission, distribution, power supply, and other infrastructure services.
The Asian Development Bank has cleared a $470 million results based loan for Indonesia’s state utility PLN under the Accelerating Indonesia’s Clean Energy Transition Program. The plan supports new renewable capacity, grid upgrades and institutional strengthening. Aslan Energy Capital has also confirmed a separate $2.3 billion investment for a green energy hub in Karimun. The…
Vikran Engineering Limited (VEL) has commissioned a 5 MW solar power plant at Ambijalgaon in Ahilyanagar district, Maharashtra. The project has been developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme to supply reliable daytime electricity for agricultural irrigation. It is intended to reduce dependence on inconsistent grid supply and diesel-based…
Adani Wind, the wind energy manufacturing arm of Adani New Industries Limited, has received a 165 MW order from Fourth Partner Energy Limited (FPEL) for wind turbine supply. The turbines will be deployed across projects in Tamil Nadu, Maharashtra, Karnataka, and Gujarat. The order includes 50 wind turbine generators from Adani’s 3.3 MW platform. Each…
Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the demerger of the Power Evacuation Business of Inox Green Energy Services Limited (IGESL) into Inox Renewable Solutions Limited (IRSL). The order was pronounced on March 13, 2026, and IGESL informed the stock exchanges of the development on March 14, 2026. The scheme has an…
NTPC Limited has awarded battery energy storage system (BESS) engineering, procurement and construction (EPC) contracts worth a combined Rs 1,185 crore to three listed companies. The awards, issued on March 30, 2026, are part of an ongoing procurement drive that saw the company allocate over Rs 1,391 crore in BESS orders to another set of…