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Philippines launches $3.4 billion MTerra solar project
The Government of the Philippines has initiated the MTerra Solar Project in Nueva Ecija and Bulacan, with an investment of $3.4 billion. The project aims to generate 4,500 MWh of energy, supplying electricity to approximately 2.4 million homes by 2027. This initiative is a collaboration between Terra Solar Philippines, Meralco PowerGen Corporation (MGEN), and SP…
TARIL receives large transformer order from APTRANSCO
Transformers and Rectifiers (India) Limited (TARIL) has received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for the manufacturing of transformers and associated work. The order falls within the Rs 100 crore to Rs 500 crore range, excluding GST, under TARIL’s classification of “Large Order”. The company is required to…
Juniper Green commissions 60 MWh of merchant storage project in Bikaner
Juniper Green Energy Limited has started operations of 60 MWh of its 100 MWh Battery Energy Storage System (BESS) project in Bikaner, Rajasthan, marking the company’s entry into merchant energy storage operations. The BESS project has been developed through Juniper Green Energy’s subsidiary, Juniper Green Cosmic Private Limited. This is the company’s first operational merchant…
Germany awards 2.98 GW in wind and solar-storage auctions
Germany’s Federal Network Agency has announced the results of its May 1, 2026 auctions for onshore wind and innovative solar-plus-storage projects, with both tenders attracting bids well above the offered capacity. The onshore wind auction offered 2,495 MW and received 628 bids totalling 6,409 MW, nearly 2.6 times the auction volume. The agency awarded 270…
Sapher partners with Punjab government for solar farm development
Sapher has partnered with the Punjab government to develop solar farms in high-potential locations such as Fazilka and Ferozepur. This initiative is being executed in collaboration with Punjab Generation Company, a wholly-owned subsidiary of the Punjab Energy Development Agency. The goal is to boost the state’s renewable energy capacity while addressing challenges associated with canal-based…
PFC and REC boards approve merger proposal for presidential clearance
REC Limited and Power Finance Corporation Limited (PFC) have announced that their respective Boards of Directors have approved the proposal for the merger of REC into PFC, subject to the approval of the Hon’ble President of India in accordance with their Articles of Association. In separate exchange filings, both state-owned non-banking financial companies (NBFCs) said…
