Cummins India has received board approval to acquire an 8.78 per cent equity stake in Clean Max for a total consideration of Rs 27 million. The transaction marks Cummins India’s entry into the renewable energy sector through a minority investment. The board has formally cleared the acquisition, under which Cummins India will purchase the stake…
A.P. Moller Capital has announced plans to invest up to Rs 13.5 billion in renewable energy projects being developed by Rays Power Infra Limited. The investment will be made through project-specific special-purpose vehicles. The funding is expected to catalyse at least Rs 52 billion in total project capital expenditure. According to the company, the investment…
The International Finance Corporation (IFC), AMEA Power, and Kyuden International Corporation have announced a $571.8 million debt financing package for the Abydos II project in Egypt, positioned as one of Africa’s largest integrated solar and battery energy storage facilities. The financing, led by IFC, will support the development of a 1,000 MW solar photovoltaic power…
In a regulatory filing dated 23 December 2025, Waaree Energies Limited stated that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), had received certificates of incorporation for ten new step-down subsidiaries. The entities have been set up as Independent Power Producers (IPPs) to hold specific power projects under the IPP framework. The subsidiaries,…
In a regulatory filing dated 23 December 2025, NTPC Limited stated that its board of directors granted in principle approval to form a 50:50 joint venture in India with EDF Power Solutions India Private Limited. The proposed joint venture will focus on the development of Pumped Storage Plants (PSP), which support large scale energy storage…
China has requested consultations with India at the World Trade Organisation (WTO) over measures affecting trade in solar cells, solar modules, and information technology products. The request is dated 19 December 2025 and was circulated on 23 December 2025. The request challenges India’s tariff treatment of certain technology products and incentive conditions that, according to…
Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) announced the results of its 4.3 GW solar auction held under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme, with 4.01 GW of capacity awarded to 82 companies. Among the key winners, Dilip Buildcon Limited secured 1,363.54 MW at a tariff…
ACME Solar Holdings Limited today announced that it has received a Letter of Award (LOA) from REMC Limited for a 130 MW renewable energy round-the-clock power project. The project has been awarded to a domestic entity at a tariff of Rs. 4.35 per kWh. The tariff will remain fixed for the entire 25-year project period….
A meeting convened by the Central Electricity Authority (CEA) on December 15, 2025, reviewed the ongoing large-scale curtailment of renewable energy generation in Rajasthan. The meeting was chaired by CEA Chairperson Shri Ghanshyam Prasad and attended by representatives from Grid-India, Central Transmission Utility (CTUIL), and the Sustainable Projects Developers Association (SPDA), along with several renewable…
Exide Industries Limited has announced a leadership change and a fresh capital infusion in its wholly owned subsidiary, Exide Energy Solutions Limited, through regulatory filings dated 23 December 2025. Mandar V Deo resigned as Managing Director and Chief Executive Officer of EESL on 22 December 2025. The EESL board accepted his resignation on the same…