India

News | India | Renewable Energy

Uttar Pradesh plans 22 GW solar capacity with Rs 35,000 crore investment
By October 22, 2025October 28, 2025

Uttar Pradesh is set to boost its renewable energy capacity with solar projects worth around Rs 35,000 crore. The state aims to reach 22,000 MW by 2027–28, including seven solar parks totaling 3,700 MW. Leading developers such as NHPC, THDC, and Avaada Group are driving these projects. Of the target, 8,000 MW is already operational or under development, with the remaining 14,000 MW planned through solar parks, rooftop systems, floating plants, and standalone projects. Rooftop…

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News | Finance | India

Avaada Electro files confidential papers with SEBI for IPO
By October 22, 2025October 28, 2025

Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering (IPO). The proposed IPO is expected to include both fresh equity issuance and an offer for sale by existing shareholders. According to market sources, the company is targeting a valuation in the range of Rs 1.10–1.30 trillion. Funds raised will…

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India | News | Renewable Energy

ACME Solar signs 50 MW FDRE PPA with Tata Power and commissions 28 MW wind project in Gujarat
By October 22, 2025October 28, 2025

ACME Solar Holdings Limited has expanded its renewable portfolio with two major milestones, the signing of a 25-year Power Purchase Agreement (PPA) for a firm renewable energy project and the commissioning of the first phase of a 100 MW wind project in Gujarat. Through its special purpose vehicle (SPV), ACME Solar signed the PPA with Tata Power Company Limited (Tata Power-D) on October 16, 2025, for a 50 MW Firm and Dispatchable Renewable Energy (FDRE)…

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India | News | Policy & Programmes

Mines Ministry revises mineral auction rules to speed up mine development
By October 22, 2025October 28, 2025

The Ministry of Mines has amended the Mineral (Auction) Rules, 2015 to introduce intermediary timelines between the issuance of the letter of intent (LoI) and the execution of mining leases. The changes are aimed at reducing delays and ensuring faster operationalisation of auctioned mineral blocks. The revised framework sets milestone-based deadlines and allows corrective measures during implementation. For mining leases (ML), the mining plan must be approved within six months, environment clearance obtained within 18…

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Features | Leadership

Key leadership changes in India’s power sector
By October 22, 2025October 28, 2025

The past year witnessed several leadership transitions across the power sector, both at the ministerial level and within major companies. New ministers have taken charge at the central and state levels, while several public and private sector organisations have also announced senior management appointments. Among public sector undertakings, leadership changes were seen in the Ministry of New and Renewable Energy, NTPC, Solar Energy Corporation of India (SECI), and Energy Efficiency Services Limited (EESL). Prominent private…

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India | Generation | News

Adani Power and Druk Green form JV for Wangchhu hydro project
By October 22, 2025October 28, 2025

Adani Power Limited (APL) and Bhutan’s state-owned Druk Green Power Corporation Ltd (DGPC) have formed a joint venture company to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The new entity, Wangchhu Hydroelectric Power Limited (WHPL), was incorporated in Bhutan on October 15, 2025. The joint venture follows a shareholders’ agreement signed in September 2025. DGPC holds a 51% controlling stake, while Adani Power owns the remaining 49%. The project will be developed at…

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India | News | Renewable Energy

Vena Energy expands renewable and storage portfolio
By October 22, 2025October 28, 2025

Vena Energy India operates 957 MW of renewable assets across the country and is building an additional 59 MW of capacity. Its development pipeline includes about 1.25 GW of solar and wind projects, underscoring steady portfolio growth. The company also manages 752 MWh of battery energy storage systems (BESS) and is developing another 100 MWh. Projects at early to mid stages add 1.46 GW of capacity, positioning the firm for further expansion in renewable generation…

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India | Global | News | T&D

POWERGRID acquires SPV for two transmission projects
By October 22, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission scheme to reduce the loading on the existing 765 kV Vindhyachal–Varanasi double-circuit line. The project involves building a 765 kV…

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India | News | Renewable Energy

SECI auction discovers lowest tariff for 2 GW solar with 1 GW/4 GWh storage
By October 17, 2025October 28, 2025

The Solar Energy Corporation of India Ltd (SECI) has concluded a tender for 2 GW of solar PV projects paired with a 1 GW/4 GWh energy storage system (ESS), discovering a lowest tariff of Rs 2.86/kWh. Falling battery costs and competitive bidding, including participation from new entrants, contributed to the record low price. Shivalaya Construction Ltd won 600 MW at Rs 2.86/kWh, followed by Purvah Green Power (300 MW), Welspun Renewable Energy (200 MW), MB…

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India | News | Renewable Energy

Blueleaf and Jakson achieve financial close for 840 MWp Rajasthan solar projects
By October 17, 2025October 28, 2025

Blueleaf Energy and Jakson Green have achieved financial close for their 840 MWp Bikaner solar projects in Rajasthan, marking the completion of funding for the partners’ 1 GWp Rajasthan Solar Portfolio. The financing was secured with Axis Bank. The portfolio includes two ground-mounted solar plants of 280 MWp and 560 MWp capacity. These projects are supported by 25-year power purchase agreements (PPAs) with the Solar Energy Corporation of India (SECI) and NHPC Limited, respectively. With…

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