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ACME Solar to invest Rs 170 billion in renewable expansion, eyes nuclear energy
ACME Solar Holdings Limited plans to invest Rs 170 billion in capital expenditure in the calendar year 2026 to expand its renewable energy capacity to 5,000 MW by 2027, focusing on hybrid and firm dispatchable renewable energy (FDRE) projects. The company aims to triple its capacity to 7,000 MW by 2028, rolling out expansion in…
Hindustan Power secures SECI contract for solar and storage project
Hindustan Power has won a contract from the Solar Energy Corporation of India for a solar and battery energy storage system project with a contracted capacity of 150 MW. The award was made through SECI’s competitive bidding process. The project will combine about 300 MWp of solar photovoltaic capacity with a 300 MWh BESS. The…
EAAIF commits USD 20 million to CME Solar in Vietnam
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has committed USD 20 million to CME Solarin Vietnam to develop a pipeline of rooftop solar projects, potentially scaling to over 260 MWp. This investment supports Vietnam’s green growth goals and accelerates the energy transition in key industries like electronics, textiles, and manufacturing. …
HG Infra subsidiary signs BESPA with GUVNL for 300 MW BESS project
H.G. Choraniya Bess, a subsidiary of HG Infra Engineering, has signed a battery energy storage purchase agreement with Gujarat Urja Vikas Nigam Limited for a 300 MW/600 MWh BESS project. The company secured this capacity in GUVNL’s Phase VI auction for 500 MW/1,000 MWh of BESS held in April 2025. The project will be executed…
Maharashtra approves renewable energy and storage policy 2025-2035
The Maharashtra state cabinet has approved the Maharashtra Renewable Energy and Energy Storage Policy 2025-2035, establishing a framework to integrate energy storage with renewable generation to manage intermittency and strengthen grid reliability. The policy introduces Battery Energy Storage Systems (BESS) capable of storing generated energy for up to four hours for later use. The measure…
Swelect Energy and Waaree Renewable win solar contracts
Swelect Energy Systems Limited has won a contract to supply its high-efficiency TOPCon bi-facial solar photovoltaic (PV) modules for a 150 MW solar power project in India. The contract was awarded on March 12, 2025. In addition, the company has raised Rs 2.9 billion through Non-Convertible Debentures (NCDs) via a private placement with India Infradebt…
