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MNRE revises ALMM rules for co-branded solar PV modules
The Ministry of New and Renewable Energy (MNRE) has updated its guidelines for listing co-branded solar photovoltaic (PV) modules under the Approved Models and Manufacturers (ALMM) Order, 2019. The amendments introduce expanded eligibility, longer validity, and stricter transparency norms. Under the revised framework, co-branding is now allowed in two cases. In Case I, both the…
Indian Oil and EverEnviro form JV for CBG production
Indian Oil Corporation (IOCL) has partnered with EverEnviro Resource Management to establish a joint venture (JV) focused on converting organic waste into compressed biogas (CBG). The two companies will share equal ownership in the JV, which will integrate advanced biogas technologies to promote biofuels and support the national deployment of CBG plants. This initiative aligns…
Ørsted sells 50% stake in US solar and battery projects
Ørsted has divested a 50% equity stake in three US solar and battery projects to Energy Capital Partners (ECP) for $572m. The projects include Mockingbird Solar (468MW) and Sparta Solar (250MW) in Texas, as well as the Eleven Mile Solar Center in Arizona, which combines 300MW of solar power with 300MW/1,200MWh battery storage. Details of…
India | Generation | NewsEvonith Steel acquires 85 MW IPPL power plant via IBC route
Nagpur-based Evonith Steel has acquired Wardha-based Indrajit Power Pvt Ltd (IPPL), an 85 MW coal-based power producer, for Rs 232 crore through the Insolvency and Bankruptcy Code (IBC) process. The National Company Law Tribunal (NCLT) approved Evonith Steel as the successful resolution applicant on April 20. IPPL is located adjacent to Evonith Steel’s integrated steel…
Monthly electricity futures make strong debut on NSE
The National Stock Exchange (NSE) successfully launched its Monthly Electricity Futures (ELECMBL) contracts on 14 July 2025, recording a total turnover of Rs 177.24 crore by the end of the first trading day. More than 8,100 contracts were traded, reflecting strong early interest in India’s newest power market instrument. By 2:00 PM on Monday, over…
Bahrain launches tender for 150 MW solar power plant
Bahrain’s Electricity and Water Authority (EWA) has issued a tender for the Kingdom’s first solar power plant, aiming to expand renewable energy adoption and support its goal of carbon neutrality by 2060. The project, planned at 150 MW, will be developed in partnership with the private sector. The plant will cover 1.2 square kilometres near…
