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India | News

PNC Infratech wins NHPC solar and storage project
By August 20, 2025August 20, 2025

PNC Infratech Limited has received a letter of award from NHPC Limited to develop a 300 MW interstate transmission system (ISTS)-connected solar project integrated with 150 MW/600 MWh of energy storage. The project was secured through tariff-based competitive bidding at a discovered tariff of ₹3.13 per kWh. NHPC will sign a 25-year power purchase agreement with PNC Infratech. Power supply from the project is scheduled to begin within 24 months from the effective date of…

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CleanMax files draft prospectus with SEBI to raise Rs 5,200 crore via IPO
By August 20, 2025August 20, 2025

Clean Max Enviro Energy Solutions has submitted a Draft Red Herring Prospectus to the Securities and Exchange Board of India for a proposed Initial Public Offering worth Rs 5,200 crore. The issue will include a fresh share sale of up to Rs 1,500 crore and an offer-for-sale of up to Rs 3,700 crore by existing shareholders. The offer has a face value of Rs 1 per equity share and includes a reserved portion for eligible…

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NTPC Green commissions solar and wind projects in Gujarat
By August 20, 2025August 20, 2025

NTPC Green Energy Limited has announced that 212.5 MW from the 1,255 MW Khavda-I solar photovoltaic project developed by NTPC Renewable Energy Limited has commenced commercial operations from 20 August 2025. The Khavda-I project is being developed under the CPSU Scheme Phase-II Tranche-III. The company further reported that 52.8 MW of wind capacity from a 100 MW hybrid project in Gujarat will be declared commercially operational with effect from 21 August 2025. The hybrid project,…

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Waaree Energies clarifies status of Enel Green acquisition
By August 20, 2025August 20, 2025

Waaree Energies has responded to reports on the possible collapse of its planned acquisition of Enel Green Power India, stating that the agreement remains under discussion. In a filing dated 19 August 2025, the company said it had signed a Share Purchase Agreement on 10 January 2025 with Enel Green Power Development S.r.l for the purchase of Enel Green Power India Private Limited. Waaree noted that while the agreement included standard terms and conditions, certain…

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ReNew, Suzlon, and Amara Raja report Q1 FY26 earnings
By August 19, 2025August 19, 2025

ReNew Energy Global reported a sharp rise in profit for the first quarter of FY26. Net profit increased thirteen times to Rs 513.1 crore, compared with Rs 39.4 crore in the same quarter of the previous year. Adjusted Ebitda stood at Rs 2,722 crore, up from Rs 1,897.9 crore in Q1 FY25. Total income rose to Rs 4,118.2 crore from Rs 2,490.3 crore. Revenue from power sales grew 14 per cent year-on-year to Rs 2,547.3…

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CEA issues draft revised guidelines on power equipment testing and quality assurance
By August 19, 2025August 19, 2025

The Central Electricity Authority (CEA) has released draft revised guidelines for type tests and quality assurance of major power sector equipment. The draft documents include the Guidelines for the Type Tests for Major Equipment of Power Sector (2025) and the Guidelines for Model Quality Assurance Plan (MQAP) for Major Equipment of Power Sector (2025). Both replace the earlier guidelines issued in March 2022, which were later made mandatory under the CEA (Technical Standards for Construction…

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India | News

SECI cancels 4.5 GW offshore wind tenders
By August 19, 2025August 19, 2025

The Solar Energy Corporation of India (SECI) has cancelled two offshore wind tenders with a combined capacity of 4.5 GW, citing low developer participation. The first was a Request for Selection (RfS) issued on 2 February 2024 for 4,000 MW of offshore wind projects through allocation of sea-bed lease rights. The second, issued on 13 September 2024, was a 500 MW project off the Gujarat coast, designed to receive Central Financial Assistance under the Viability…

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GAIL and TruAlt Bioenergy form JV for compressed biogas plants
By August 19, 2025August 19, 2025

GAIL (India) Limited has entered into a joint venture with TruAlt Bioenergy to expand the compressed biogas (CBG) sector. As part of the agreement, GAIL will acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a wholly owned subsidiary of TruAlt. The transaction is subject to conditions precedent and approval from the Department of Investment and Public Asset Management. The joint venture will set up multiple greenfield CBG plants in phases, beginning…

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L&T and ITOCHU to develop green ammonia project in Gujarat
By August 19, 2025August 19, 2025

L&T Energy GreenTech Limited (LTEG), a wholly owned subsidiary of Larsen & Toubro, has signed a joint development agreement with Japan’s ITOCHU Corporation to develop and commercialise a 300 kilo tonnes per annum (KTPA) green ammonia project at Kandla, Gujarat. Under the agreement, ITOCHU plans to offtake the product for bunkering applications in Singapore. L&T acquired land at Kandla last year for green hydrogen and ammonia projects. The partnership supports LTEG’s strategy to expand across…

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India | News

Juniper Green and ACME secure financing for renewable projects
By August 19, 2025August 19, 2025

Juniper Green Energy has received debt financing of Rs 17.39 billion from the Indian Renewable Energy Development Agency Limited (IREDA). The funding will support the company and its subsidiaries in scaling renewable energy projects and expanding operational capacity. This follows Juniper’s $1 billion debt raise earlier in 2024 from IREDA, Power Finance Corporation Limited, DBS Bank, and HSBC Bank. Separately, ACME Hybrid Urja Private Limited, a wholly owned subsidiary of ACME Solar Holding Limited, has…

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