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India’s renewable energy policy wrap 2025
The year 2025 witnessed a concerted push from the Ministry of New and Renewable Energy (MNRE) and allied ministries to address long-standing bottlenecks in deployment, manufacturing, and grid integration, while simultaneously laying the groundwork for the next phase of growth of India’s renewable energy sector centered on quality, security, and market-based mechanisms. The year began…
NTPC-CEB joint venture begins 50 MW solar project in Sri Lanka
Trincomalee Power Company Limited (TPCL), a 50:50 joint venture between NTPC Limited and Sri Lanka’s Ceylon Electricity Board (CEB), has started work on a 50 MW solar project in Sri Lanka’s eastern province. This marks a key step in cross-border energy cooperation. The project is part of a larger plan to develop 120 MW of…
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…
Websol signs MoU with Linton Crystal for PV ingot and wafer plan
Websol Energy System has entered an MoU with Linton Crystal Technologies to assess PV ingot and wafer manufacturing in India. The plan includes the purchase of ingot and wafer production equipment from Linton and the transfer of technical support and training to Websol’s team. The collaboration aims to lower dependence on imported ingots and wafers…
Rays Power Infra files DRHP with SEBI to raise Rs 11.5 billion
Rays Power Infra has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise up to Rs 11.5 billion through an initial public offering (IPO). The IPO will comprise a fresh equity issue of Rs 9 billion and an offer-for-sale of up to Rs 2.5 billion by…
ContourGlobal acquires hybrid solar plus storage project in US
ContourGlobal has acquired a solar plus storage project in the US with a total hybrid capacity of 888 MW. The project, in its advanced stage, will be developed in two phases, combining 567 MWp of solar photovoltaic (PV) and 321 MW/1.3 GWh of battery energy storage (BESS). Connected to Arizona’s WAPA grid, the project secures…
