Waaree Energies Limited has acquired 100 per cent equity in Kamath Transformers Private Limited and Green New Delhi Forever Energy Private Limited, expanding its footprint in both manufacturing and power project development. The acquisition of Kamath Transformers, valued at approximately Rs 2.93 billion, marks Waaree’s entry into the transformer manufacturing segment. Kamath Transformers was established…
The Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) will roll out rooftop solar installations on government-built properties using the renewable energy service company (RESCO) model. The initiative will begin with 3 MW of projects across identified sites, starting with a pilot at the Chandigarh Housing Board’s Sector 51 Housing Society. CREST has…
JSW Energy Limited has announced an investment of Rs 140 billion to expand the renewable energy capacity of its O2 Power platform. The company plans to scale up O2 Power’s portfolio to 4.7 GW by June 2027. O2 Power currently has 1.3 GW of installed capacity. An additional 2,259 MW is expected to become operational…
Inox Green Energy Services Limited has signed agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects owned by two major renewable energy developers in India. The projects are located across multiple sites. With these additions, Inox Green’s solar O&M portfolio has grown to nearly 1 GW, achieved within a month…
Premier Energies Limited (PEL) has signed a joint venture agreement with Nuevosol Energy Private Limited to invest in Premier-Green Aluminium Private Limited. The new entity will focus on manufacturing aluminium frames for solar photovoltaic (PV) modules. The joint venture will set up a facility for aluminium foundry and extrusion, targeting high-quality frame production to serve…
Reliance Power Limited has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI). DHI is the investment arm of the Royal Government of Bhutan. The agreement outlines a 50:50 joint venture between Reliance Power and DHI to…
SAEL Industries Limited has announced plans to establish a solar cell manufacturing facility in Greater Noida, Uttar Pradesh. The facility will have an annual production capacity of 5 GW and is expected to attract an investment of around Rs 50 billion. This marks SAEL’s entry into solar cell manufacturing. The company may also expand into…
At the World Hydrogen Summit 2025 in Rotterdam, the Ministry of New and Renewable Energy (MNRE) presented India’s roadmap for becoming a global green hydrogen leader. India has installed over 223 GW of renewable energy, 108 GW from solar and 51 GW from wind, making it one of the fastest-growing renewable markets globally. The Government…
The Ministry of Environment, Forest and Climate Change (MoEFCC) has granted initial approval to carry out an environmental impact assessment (EIA) study for the 1,000 MW Upper Bhavani Pumped Storage Hydro Power Project in Tamil Nadu. Located in the Nilgiris district, the project is designed to have a capacity of 1,000 MW (4×250 MW). It…
The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion…