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Waaree Renewable wins LoA for 40 MWh BESS project in Gujarat
Waaree Renewable Technologies Limited has received a Letter of Award (LoA) from Continuum Green Energy Limited for the engineering, procurement, and construction (EPC) of a 40 MWh battery energy storage system (BESS) at wind-solar hybrid sites in Gujarat. The total cost of the project is estimated at Rs 400 million. The project will utilize lithium…
GERC proposes extension of green open access banking charges till August 2026
The Gujarat Electricity Regulatory Commission (GERC) has released a draft explanatory memorandum and draft fifth amendment regulations to the GERC (Terms and Conditions for Green Energy Open Access) Regulations, 2024, proposing extension of the existing banking charge of Rs 1.50 per unit until August 31, 2026, or until revised charges are notified separately. The Principal…
Suzlon targets 100 per cent renewable power for all units by 2030
Suzlon Group has pledged to run all 15 of its manufacturing facilities entirely on renewable energy by 2030. The company has also become the first from India to join the RE100 Initiative, a global program led by Climate Group in partnership with the Carbon Disclosure Project. The initiative is part of Suzlon’s wider decarbonization strategy….
IREDA raises Rs 2,005 crore via QIP
Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount…
Lords Mark wins 300 MW rooftop solar project contract from UPNEDA
Lords Mark Industries Private Limited has won a contract from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to set up 300 MW of grid-connected rooftop solar power plants under the Renewable Energy Service Company (RESCO) model. The firm secured the contract at a tariff of Rs 4.8 per kWh. The contract is…
Serentica signs 75 MW hybrid power deal with Inox Airproducts
Serentica Renewables India Private Limited (SRIPL) has signed a power supply and consumption agreement (PSCA) with Inox Airproducts Private Limited for 75 MW of wind-solar hybrid power. The agreement was formalised on May 5, 2025. Under the deal, SRIPL will supply hybrid renewable energy to four Inox manufacturing sites across four different states in India. …
