India

Jakson Engineers Limited and the State Bank of India (SBI) have signed a Memorandum of Understanding (MOU) under the Surya Shakti Solar Finance programme to promote solar energy adoption across India. The partnership aims to increase solar power use in institutional, commercial, and industrial sectors. SBI will provide up to Rs 100 million in credit to commercial and industrial users, accelerating the rollout of rooftop solar projects. This collaboration supports the Prime Minister’s goal of…

The construction of a 60 MW solar power plant in Khargone, Madhya Pradesh, is expected to be completed by the end of this year, according to an official from the Indore Municipal Corporation (IMC). The project, estimated to cost Rs 3.08 billion, is being built on 220 acres in Jalud village. Of the total project cost, Rs 2.44 billion was raised by IMC through green bonds issued to the public in February last year. The…

The PM KUSUM scheme, launched in 2019 to promote solar energy in agriculture, has achieved just 30% of its targets, according to a Centre for Science and Environment (CSE) report. The scheme, aimed at helping farmers switch to solar power, is struggling as the 2026 deadline approaches. Progress has been slow, particularly in installing mini-grids and replacing electric pumps with solar-powered ones, with most efforts focused on replacing diesel pumps. States like Haryana and Rajasthan…

GAIL (India) Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have signed a memorandum of understanding (MoU) to explore the development of 1 GW solar and wind projects in Rajasthan, as well as the joint operation of gas-based power plants in the state. The non-binding MoU includes the potential transfer of RRVUNL’s gas-based power plants in Dholpur and Ramgarh to a proposed joint venture company between GAIL and RRVUNL. The partnership will focus on…

Power Finance Corporation (PFC) has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC) under its ‘Global Action for Reconciling Economic Growth and Environmental Preservation’ (“GREEN”) initiative. The loan, co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks, will support a 300.3 MW wind energy project by Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India. JBIC will also provide a guarantee for the portion of the…

The government is developing a policy framework to implement Carbon Capture, Utilisation, and Storage (CCUS) technology, aiming to help the country meet its net-zero targets by 2070. The forthcoming CCUS mission will focus on capturing carbon dioxide from large-point sources, particularly fossil fuel power generation units. The mission is expected to include financial incentives, such as viability gap funding, carbon pricing mechanisms, carbon trading, and production-linked incentives (PLI) to attract private sector investment. The mission…

JSW MG Motor India introduced several groundbreaking EV technologies at the DriEV.Bharat event in New Delhi. The highlights include: eHUB by MG: The industry’s first OEM-backed EV charging platform, offering a seamless experience with access to a wide network of charging stations across India. Project REVIVE: An initiative to repurpose EV batteries for use beyond cars, supporting sustainable energy solutions for communities. EVPEDIA: India’s first dedicated educational platform for electric vehicle users, providing reliable information…

The Energy Department in Karnataka has announced that residents can now delink their old Revenue Register (RR) number and link a new one to continue enjoying the benefits of the Gruha Jyoti scheme, which offers free electricity up to 200 units for domestic users. This update, marking the scheme’s first anniversary, ensures uninterrupted support for beneficiaries, even when they move to a new home. The Gruha Jyoti scheme is one of the five key promises…

The Punjab government plans to set up 66 solar power plants, each with a 4 MW capacity, totalling 264 MW, to reduce reliance on fossil fuels and lower the state’s annual power subsidy. The project is expected to generate approximately 390 million units (MU) of electricity annually. The initiative, which includes feeder-level solarisation, is projected to save around Rs 1.36 billion annually and will be scaled up in the future. The project is set to…

Hygenco Green Energies and Mitsubishi Power have signed an MoU to develop and deploy green hydrogen and ammonia-fired gas turbine combined cycle (GTCC) power plants. Hygenco will supply green fuel, while Mitsubishi Power will handle the development and management of production facilities, aiming to scale up green hydrogen for commercial viability. Mitsubishi Power is also working on converting existing GTCC plants from natural gas to hydrogen and ammonia, driving the transition to cleaner energy. This…