Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Koraam New Energie, a subsidiary of Kosol Energie, has secured an order worth Rs 1.86 billion for the supply of 5,500 solar pumps under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme. The order was placed by various nodal agencies. Of the total, 3,000 pumps have been allocated under…
Websol Energy System Limited reported a sharp increase in its audited financial results for the quarter and year ended March 31, 2026, supported by higher production and capacity utilisation. Revenue from operations in Q4FY26 rose 132.1% year-on-year to Rs 401 crore from Rs 173 crore. Profit after tax (PAT) increased 157.9% to Rs 125 crore…
ACME Cleantech Solutions Private Limited (ACME) has been declared the winner of Solar Energy Corporation of India’s (SECI) green ammonia auction under the Strategic Interventions for Green Hydrogen Transition Programme (Mode-2A–Tranche-I). The company will supply 25,000 tonnes per annum (TPA) of green ammonia to Paradeep Phosphates Limited, Zuarinagar (Goa), at a tariff of Rs 62.84…
The Union government approved coal allocation for Madhya Pradesh on 28 November 2024 to establish thermal power plants with a combined capacity of 4,100 MW. This was the first approval for coal allocation in five years, with the last granted in 2019 for plants totaling 1,360 MW. The new power plants are expected to attract…
In a press release dated December 9, 2025, NLC India Limited announced that Neyveli Uttar Pradesh Power Limited, its joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, has declared commercial operation for Unit 2 of the Ghatanpur Thermal Power Project. The 660 MW unit entered commercial operation at 00:00 hours on 09 December…
Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to…