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MP allots additional land to industrial area for RE manufacturing
The Madhya Pradesh government, led by Chief Minister Dr. Mohan Yadav, has allocated an additional 442.04 acres to the Mohasa-Babai Industrial Area in Narmadapuram, doubling its size to 884 acres. The expansion aims to boost manufacturing in electric and renewable energy equipment. The state Cabinet has also revised allotment processes and facilities for businesses in…
NLCIL wins 500 MWh battery storage project from Tamil Nadu
NLC India Renewables Limited (NIRL), a wholly owned arm of NLC India Limited (NLCIL), has secured a 500 MWh Battery Energy Storage System (BESS) project from Tamil Nadu Green Energy Corporation Limited (TNGECL). This is NLCIL’s first large-scale BESS project. The project includes three standalone BESS installations of 250 MW / 500 MWh capacity, to…
Insolation Energy to set up 3 GW solar manufacturing facility in Madhya Pradesh
Insolation Energy Limited has received 45 acres of land from the Madhya Pradesh government to establish a solar manufacturing facility. The proposed unit will have a production capacity of 3 GW for solar cells, 4 GW for solar modules, and 24,000 metric tonnes of aluminium frames. The project will be developed by Insolation Green Energy,…
POWERGRID and Montecarlo acquire transmission SPVs in Maharashtra
Power Grid Corporation of India Limited (POWERGRID) and Montecarlo Limited acquired two transmission Special Purpose Vehicles (SPVs) in Maharashtra on March 12, 2026. The transfers were completed by PFC Consulting Limited (PFCCL) under the Tariff-Based Competitive Bidding (TBCB) process. POWERGRID acquired NES Pune East New Transmission Limited (NPENTL), the SPV established to address transmission constraints…
Avaada secures financial closure for three renewable energy projects
Avaada Group has achieved financial closure for three utility-scale renewable energy projects, with total debt sanctions approaching USD 950 million. The portfolio includes what the company described as India’s largest financing transaction in the Firm and Dispatchable Renewable Energy (FDRE) segment. The projects include an FDRE project in Bikaner, Rajasthan, being developed under a long-term…
Jupiter Electric Mobility signs MoUs for 110 MWh BESS deployments
Jupiter Electric Mobility Pvt. Ltd. (JEM), a subsidiary of Jupiter Wagons Limited (JWL), has signed Memoranda of Understanding (MoUs) with renewable energy developers Chalukya Power and Pickrenew Energy for battery energy storage system (BESS) deployments with a combined capacity of 110 MWh. The agreements include both utility-scale and commercial and industrial (C&I) projects and will…
