Envision Energy has begun production at its blade manufacturing plant in Kalyangadh, Bavla Taluka, Gujarat, with an annual capacity of 2 GW. The facility will be able to produce up to 1,500 blades each year using six moulds. The plant will supply blades for 3.3 MW and 5 MW wind turbine platforms. It is expected to support more than 4 GW of wind projects across over 10 sites in five districts of Gujarat. By mid-2027,…
Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including some with existing exposure to the renewable energy sector. Alpex Solar plans to increase its solar cell capacity to 1.6…
KPI Green Energy Limited has received a sanction of Rs 3,200 crore from the State Bank of India to support its solar and hybrid power projects in Gujarat with a combined capacity of over 1 GWp. The sanctioned amount includes both fund-based and non-fund-based facilities. It will part-finance the company’s 250 MW solar project and 370 MW hybrid project, which together add over 1 GWp to its independent power producer portfolio. The solar project will…
Venwind Refex Power Limited, part of the Refex Group, has received a contract to deliver wind turbine generators and tubular towers for power projects in Gujarat. The total order is worth Rs 4.74 billion. It was awarded by an independent power producer through a domestic tender process. The contract covers supply, testing, pre-commissioning, and commissioning of the wind turbine generators. It also includes technical support for foundation casting and erection. The work will be carried…
NTPC Limited and NTPC Green Energy Limited have declared new solar capacities operational in Rajasthan and Gujarat, respectively. NTPC has commissioned 167 megawatts (MW) out of 245 MW at Plot-1 of its Nokh Solar PV Project (3×245 MW) in Rajasthan, effective 26 September 2025, 00:00 hours. The project is implemented under the Central Public Sector Undertaking (CPSU) Scheme Phase-II, Tranche-III. Following this addition, NTPC’s total installed and commercial capacity rises to 60,705 MW on a…
REC Limited and Power Finance Corporation Limited (PFC) have incorporated wholly-owned subsidiaries to develop transmission infrastructure for additional renewable energy (RE) capacity in Karnataka. Both companies will serve as Bid Process Coordinators (BPCs) under the Tariff Based Competitive Bidding (TBCB) framework. REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC, has formed Bellary Davanagere Power Transmission Limited. The project, titled “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW)…
Waaree Forever Energies Private Limited, a wholly-owned unit of Waaree Energies Limited, has incorporated Waaree Forever Energies Three Private Limited. The incorporation took place on September 24, 2025, and the certificate of incorporation was received on September 25, 2025. This follows earlier incorporations of three step-down subsidiaries this month. Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree Forever…
Continuum Green Energy Holdings will acquire the remaining 26% stake in Continuum Green Energy from Clean Energy Investing (CEIL), giving it full ownership ahead of a planned initial public offering (IPO). The share purchase agreement was signed on September 23. With this acquisition, founders Vikash Saraf and Arvind Bansal will have 100% control of the company. CEIL, backed by Morgan Stanley Infrastructure Partners, has been a shareholder since 2012 and will exit entirely following this…
CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September 26, 2025, with redemption on September 26,…
Bharat Heavy Electricals Limited (BHEL) has informed that the Department of Investment and Public Asset Management (DIPAM) did not approve the proposed joint venture (JV) with REC Power Development and Consultancy Limited (RECPDCL). The board communicated this decision in its meeting on September 25, 2025, following a previous clarification issued on May 10, 2025. The JV, initially announced in March 2024, was intended to develop utility-scale renewable energy projects across India through a special purpose…