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EESL partners with DVC to drive energy efficiency
Energy Efficiency Services Limited (EESL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to enhance energy efficiency and clean energy adoption. The collaboration aims to implement energy efficiency programs such as the street lights national programme, energy-efficient building solutions, and decentralised solar initiatives, including rooftop solar installations, solar carports, and hybrid…
IEA sees India investing $170 billion in energy sector in 2026
India is expected to invest a record $170 billion in its energy sector in 2026, according to the International Energy Agency’s (IEA) World Energy Investment 2026 report. The report states that India has recorded an average annual growth of 11% in energy investment over the past five years, making it the largest contributor to global…
End of ISTS charge waiver may impact 26 GW of renewable projects: Crisil
Around 26 gigawatt (GW) of under-construction renewable energy capacity could be affected by the expiry of the full waiver on inter-state transmission system (ISTS) charges for solar and wind projects, according to Crisil Ratings. The exemption period ended on June 30, 2025. The Ministry of Power introduced the ISTS charge waiver in 2016 to promote…
Amrut Energy raises Rs 1 billion to expand solar pump manufacturing
Amrut Energy has secured Rs 1 billion in funding from private equity investors to enhance its manufacturing capabilities and expand operations in underserved regions. The Ahmedabad-based company specializes in solar-powered water pump systems, which help farmers access free and reliable electricity for irrigation. The investment will be used to strengthen research and development, improve production…
Vayona Energy secures 64.8 MW wind turbine order in Andhra Pradesh
Vayona Energy has signed its first turbine supply agreement in India with Oyster Renewable Energy for a 64.8 MW wind power project in Kadapa district, Andhra Pradesh. The contract follows the company’s acquisition from Siemens Gamesa and marks its entry into the Indian market. Under the agreement, Vayona Energy will supply 18 SG 3.6-145 wind…
Apex Clean Energy secures financing for Prosperity Wind project
Apex Clean Energy has secured financing for the Prosperity Wind project, a 300MW wind farm under construction in Piatt County, Illinois, US. The project, featuring 50 Vestas turbines, is supported by White Construction and will generate 400 jobs. It marks Apex’s fifth commercial wind farm in Illinois. Financial closure followed tax equity commitments from lead…
