India

News | India | Renewable Energy

India’s non-fossil electricity capacity reaches 250 GW
By September 15, 2025October 28, 2025

India’s non-fossil fuel power generation capacity has reached 250 gigawatts (GW) in 2025, rising from 81 GW in 2014, according to Union Minister for New and Renewable Energy Pralhad Joshi. Joshi stated that India’s installed non-fossil capacity has grown more than three times over the past decade. He said the expansion reflects steady progress across renewable and clean energy sources. The minister noted that the 250 GW capacity comprises 123.13 GW solar, 52.68 GW wind,…

Read More India’s non-fossil electricity capacity reaches 250 GW
India | News | Renewable Energy

Inox Neo Energies to acquire 640 MW wind-solar hybrid from Evergreen
By September 12, 2025October 28, 2025

Inox Neo Energies Limited, a wholly owned subsidiary of Inox Clean Energy Limited, has signed definitive agreements with Evergreen Power Mauritius Private Limited and Evergreen Renewables Private Limited to acquire a wind-solar hybrid portfolio of 640 MW contracted capacity, equivalent to about 850 MW DC. The portfolio consists of five greenfield hybrid projects in Maharashtra awarded under tenders by NTPC Limited and SJVN Limited. These include NTPC Hybrid 01 (200 MW), NTPC Hybrid 02 (200…

Read More Inox Neo Energies to acquire 640 MW wind-solar hybrid from Evergreen
News | Finance | India

IREDA raises Rs 4.53 billion through second perpetual bond issue
By September 12, 2025October 28, 2025

The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion, resulting in an oversubscription of 2.69 times. Proceeds will be used to strengthen IREDA’s capital base and finance renewable energy projects across India….

Read More IREDA raises Rs 4.53 billion through second perpetual bond issue
News | Finance | India

SnapE Cabs raises $2.5 million funding for EV expansion
By September 12, 2025October 28, 2025

SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also achieved Rs 1.2 billion in gross revenue. SnapE Cabs is owned by EC Wheels India Private Limited, a subsidiary of…

Read More SnapE Cabs raises $2.5 million funding for EV expansion
News | India | T&D

Kalpataru Projects secures Rs 27.2 billion orders
By September 12, 2025October 28, 2025

Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 27.2 billion across its power transmission and distribution (T&D) business. The contracts include T&D projects in both domestic and international markets, along with orders in the buildings and factories segment in India. For the first quarter of FY 2025-26, KPIL reported revenue of Rs 6,187.52 crore. Net profit stood at Rs 213.59 crore, while EBITDA was Rs 541.40 crore. Revenue rose 34.2 percent year-on-year…

Read More Kalpataru Projects secures Rs 27.2 billion orders
News | India | Renewable Energy

Prostarm sets up SPV for 150 MW/300 MWh BESS project in Karnataka
By September 12, 2025October 28, 2025

Prostarm Info Systems Limited has incorporated a wholly owned subsidiary, Prostarm Karnataka BESS Private Limited, as a special purpose vehicle (SPV) to develop a 150 MW/300 MWh standalone battery energy storage system (BESS) at the 400 kV Doni substation in Karnataka. The project will be implemented under the tariff-based competitive bidding route on a build-own-operate basis. The SPV is headquartered in Maharashtra. In August 2025, Prostarm won Karnataka Power Transmission Corporation Limited’s (KPTCL) auction for…

Read More Prostarm sets up SPV for 150 MW/300 MWh BESS project in Karnataka
News | India | T&D

Rajesh Power wins contract for underground power works
By September 12, 2025October 28, 2025

Rajesh Power Services Limited has secured a turnkey contract worth Rs 1.43 billion from Dakshin Gujarat Vij Company Limited (DGVCL) for underground power infrastructure in Gujarat. The project involves converting the existing 11 kV and 22 kV high-tension overhead network into an underground cable and multi-volt concentric cable system. The work will be carried out under the system improvement scheme across Valsad City, Valsad Rural, and Surat Rural regions. This follows a Rs 2.20 billion…

Read More Rajesh Power wins contract for underground power works
News | India | Renewable Energy

Centre plans Rs 38,900 crore carbon capture programme
By September 12, 2025October 28, 2025

The central government is preparing a carbon capture, utilisation, and storage (CCUS) programme estimated at Rs 38,900 crore, with Rs 19,500 crore to be committed from public funds. The balance is expected to be raised through bank loans and multilateral financing. According to officials, the programme will be structured into multiple sub-schemes. Research and development projects may receive full government support, while other initiatives could be funded between 40 and 50 percent. Semi-commercial projects may…

Read More Centre plans Rs 38,900 crore carbon capture programme
India | News | T&D

RECPDCL invites fresh bids for Himachal hydropower evacuation scheme
By September 12, 2025October 28, 2025

REC Power Development and Consultancy Limited (RECPDCL) has launched a tariff-based competitive bidding (TBCB) process to select a transmission service provider for evacuating power from the 450 MW Shongtong Karcham hydroelectric project (HEP) and the 150 MW Tidong HEP in Himachal Pradesh. The project, being developed by Himachal Pradesh Power Corporation Limited (HPPCL), is scheduled to be commissioned by July 2026. The transmission scheme will be housed under the special purpose vehicle (SPV) Shongtong Power…

Read More RECPDCL invites fresh bids for Himachal hydropower evacuation scheme
News | India | Policy & Programmes

CEA issues procedure for captive unit identification by SPVs for 2025-26
By September 12, 2025October 28, 2025

The Central Electricity Authority (CEA) has issued a circular detailing the procedure for Special Purpose Vehicles (SPVs) to formally identify generating units designated for captive use. The notification is mandatory for entities seeking captive status verification for the financial year 2025-26. According to the circular, SPVs that own a generating station and wish to verify its captive status must provide the details of the identified captive units. This communication has to be sent to the…

Read More CEA issues procedure for captive unit identification by SPVs for 2025-26