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Orient Green approves contract for 7 MW solar in Tamil Nadu

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The Board of Directors of Orient Green Power Company Limited has approved an engineering, procurement and construction (EPC) contract with Remon Solutions Private Limited. The contract covers 7 MW/9.8 MWp capacity under the first phase of its solar project in Tiruttani taluk, Thiruvallur district, Tamil Nadu. The approval was granted on June 10, 2025. This capacity is part of a larger 25 MW/35 MWp project being developed under Phase-I by Orient Green’s wholly-owned subsidiary, Delta…

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ACME commissions 75 MW solar in Bikaner

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ACME Sikar Solar Private Limited has commissioned 75 MW of solar capacity under Phase-III of its 300 MW project in Bikaner, Rajasthan. With this addition on June 9, 2025, the project’s cumulative commissioned capacity now stands at 240 MW. The project is being developed by ACME Solar Holdings Private Limited and is financed by Power Finance Corporation Limited (PFC). It was awarded under Tranche XVIII of the Solar Energy Corporation of India (SECI) auction at…

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CPCB issues draft solar waste guidelines under e-waste rules

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The Central Pollution Control Board (CPCB) has released draft guidelines for handling and storing waste solar photovoltaic (PV) modules, panels, or cells. These fall under the E-Waste (Management) Rules, 2022, which took effect on April 1, 2023. Solar waste is covered under Chapter V of the rules. Although excluded from extended producer responsibility (EPR) recycling targets, it must still be stored by producers and recyclers until 2034–35. Entities handling such waste are also required to…

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IREDA raises Rs 2,005 crore via QIP

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Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount on the floor price of Rs 173.83 per share. The QIP opened on June 5, 2025, and closed on June…

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IndiGrid to acquire ReNew solar and transmission assets

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IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under a 25-year power purchase agreement (PPA) with…

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RSTL and Onix form JV for decentralised solar in Maharashtra

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Rama Steel Tubes Ltd (RSTL) has entered a joint venture with Onix Renewable Ltd to establish 225 MW decentralised solar power projects across Maharashtra under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The new entity, Onix IPP, will execute the projects. Onix holds a 90 percent stake in the JV, while RSTL owns 10 percent. Onix Renewable received a Letter of Award (LoA) in September 2024 to develop the projects at a tariff of…

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U-Solar commissions solar project in Karnataka, plans expansion

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U-Solar Clean Energy Private Limited has commissioned a 20 MWp solar power plant under Phase-I at Ramasamundra village in Yadgir district, Karnataka. The company also plans to develop an additional 50 MW solar project at the same site as part of Phase-II. Electricity generated from both phases will be used to power co-working spaces across India, supporting clean energy adoption in commercial real estate.

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L&T secures transmission orders in India and Middle East

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Larsen & Toubro’s Power Transmission & Distribution (PT&D) business has won grid infrastructure orders in both domestic and international markets. In India, L&T has been awarded a contract to construct 765kV and 400kV transmission lines in Andhra Pradesh. These lines are critical for integrating a renewable energy zone (REZ) into the national grid. Internationally, the company has secured turnkey orders for 220kV and 132kV gas-insulated substations in the Middle East. These contracts come from major…

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PGCIL launches national network system project

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Power Grid Corporation of India Ltd (PGCIL) has cleared a Rs 131.68 crore project titled Establishment of State-of-the-Art National Unified Network Management System (N-UNMS). This will integrate all regional network management systems into a unified national platform. The decision was taken by PGCIL’s Committee of Directors on Investment on Projects during its June 10, 2025 meeting. The project is being executed under the RTM framework, with formal allocation from Central Transmission Utility of India Ltd…

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REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV

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REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches, with clearances from the competent authority. Second, REC has proposed striking off “Rajgarh III Power Transmission Ltd,” a wholly owned…