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.
The Government of Odisha has sought Rs 62.84 billion as central financial assistance under the Revamped Distribution Sector Scheme (RDSS). The request was placed before the Union Government on June 24, 2025. The proposed funding breakdown includes Rs 42.48 billion for cyclone-resilient power infrastructure, Rs 15.1 billion for upgrading distribution systems, Rs 4.28 billion for…
The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a threefold increase in revenue over the past decade and underscores carbon pricing’s fiscal and climate relevance. As of 2025,…
Lignite-to-power producer NLC India Ltd (NLCIL) plans to invest approximately Rs 500 billion to increase its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, has been established to focus on renewable energy generation. The company aims to achieve a 50% renewable energy (RE)…
Adani Green Energy Limited (AGEL) has commissioned a new 185 MW wind power project at Khavda, Gujarat, through its wholly-owned stepdown subsidiary, Adani Green Energy Twenty Five C Limited (AGE25CL), bringing the company’s total operational renewable energy capacity to 17,472.2 MW. The decision to operationalise the facility was made at 11:46 a.m. on February 28,…
IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) project with a capacity of 20 MW/40 MWh. The project is located in Delhi and operated by Kilokari BESS Pvt Ltd (KBPL). This marks IndiGrid’s first commercial battery storage project and a significant step in India’s push for cleaner, more resilient power…
Meta Platforms has signed four environmental attribute purchase agreements (EAPAs) with Chicago-based energy company Invenergy, securing 760 MW of renewable energy. This brings Meta’s total clean energy procurement from Invenergy to over 1 GW. Meta’s head of global energy, Urvi Parekh, highlighted the company’s commitment to clean energy, stating that surpassing the 1GW milestone demonstrates…