The Solar Energy Corporation of India Limited (SECI) and MahaGenco Renewable Energy Limited (MahaGenco REL), a wholly owned subsidiary of Maharashtra State Power Generation Company Limited (MAHAGENCO), have signed a Memorandum of Understanding (MoU) to jointly explore and develop renewable energy and clean energy projects in Maharashtra and across India. The partnership envisages a potential…
The Central Electricity Regulatory Commission (CERC) has dismissed a petition filed by Betam Wind Energy Private Limited (BWEPL), a subsidiary of the Engie Group, seeking discharge from its obligation to execute a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for a 200 MW wind power project. The Commission held…
The Ministry of New and Renewable Energy (MNRE) has issued final guidelines for quantifying greenhouse gas (GHG) emissions associated with offsite water drawal and treatment under the Green Hydrogen Certification Scheme of India (GHCI). Issued on June 18, 2026, the guidelines establish a framework for calculating emissions linked to water used in hydrogen production through…
The Tata Power Company Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for the acquisition and development of a transmission project in Karnataka under the Tariff-Based Competitive Bidding (TBCB) route. The project will be implemented through a special purpose vehicle (SPV), Ryapte Power Transmission Limited, on a…
Domestic solar cells are expected to meet around half of India’s total solar cell demand in fiscal 2027, up from about one-fourth in the previous fiscal, driven by the implementation of the Approved List of Cell Manufacturers (ALCM) and rapid capacity expansion, according to Crisil Ratings. The agency said the shift will reduce dependence on…
ABB has launched its Proteus photovoltaic (PV) and Battery Energy Storage System (BESS) portfolio, targeting the growing demand for power conversion and grid integration solutions as utility-scale renewable energy deployment accelerates globally. The company said the portfolio is designed for utilities, power producers and renewable energy developers, with solutions aimed at improving energy yield, grid…
Waaree Renewable Technologies Limited (WRTL) has completed the acquisition of a 55% equity stake in Associated Power Structures Private Limited (APSPL), formerly known as Associated Power Structures Limited, resulting in APSPL becoming its subsidiary. In a regulatory filing, the company said the acquisition was executed through a combination of primary allotment and secondary transfer of…
MSP Steel and Power Limited has signed a long-term Power Purchase Agreement (PPA) with Elevate Solar Energy Private Limited to procure solar power under the Group Captive Open Access mechanism. The agreement was executed on June 18, 2026, and will remain in force for 25 years. Under the agreement, Elevate Solar Energy will supply a…
Diamond Power Infrastructure Limited has approved a proposal to raise up to Rs 2,000 crore through a Qualified Institutions Placement (QIP), doubling its earlier fundraising limit of Rs 1,000 crore. The decision was taken by the company’s Board of Directors at its meeting held yesterday. The proposed fundraising will be carried out through the issuance…
The competition for transmission projects under the Tariff-Based Competitive Bidding (TBCB) framework is intensifying, with Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), Resonia Limited and several new entrants shortlisted for key schemes in Maharashtra and Karnataka. Maharashtra scheme PFC Consulting Limited (PFCCL) has shortlisted seven bidders for the “Establishment of…