I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…
Prime Minister Narendra Modi’s five-nation tour from May 15-20 resulted in multiple agreements linked to India’s clean energy, semiconductor, hydrogen, and offshore wind sectors, including a new Strategic Partnership with the Netherlands and five agreements with Norway. A hydrogen fuel cell collaboration between Advait Energy Transitions Limited and TECO Fuel Cell Technology AS was also…
The Central Electricity Regulatory Commission (CERC) has released the draft Central Electricity Regulatory Commission (Connectivity and General Network Access to the inter-State Transmission System) (Fourth Amendment) Regulations, 2026, proposing major changes to connectivity and General Network Access (GNA) rules. The draft was issued on May 20, 2026, and stakeholders may submit comments, suggestions, and objections…
The Ministry of New and Renewable Energy (MNRE) has added Zinc Aluminium Magnesium Alloy (ZAM) to the list of approved materials for Module Mounting Structures used in rooftop solar projects under the PM Surya Ghar: Muft Bijli Yojana. The change was notified through a government memorandum dated May 19, 2026. Module Mounting Structures are the…
The Central Electricity Authority (CEA) has issued an advisory directing central, state, and private transmission utilities to use Ester Oil as the insulating and cooling fluid in at least 10% of new transformers, reactors, and other electrical equipment for all voltage classes of 33 kV and above. The move has been linked to the ongoing…
KPI Green Energy Limited has announced that its subsidiary, Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited for a 120 MW / 240 MWh standalone Battery Energy Storage System (BESS) project in Gujarat. The agreement was awarded through a tariff-based competitive bidding process conducted…
Saatvik Green Energy Limited reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, recording its highest-ever annual revenue, EBITDA, and profit after tax (PAT). Revenue from operations for FY26 rose 111% year-on-year to Rs 4,548 crore, supported by manufacturing expansion and execution across solar business segments….
Solfin Sustainable Finance has raised Rs 280 crore in a recently closed funding round and reported profitability within its first full year of operations. The Gurugram-based non-banking financial company (NBFC) focuses on financing rooftop solar, commercial and industrial (C&I) renewable energy projects, solar supply chains, and distributed clean energy systems. The company was founded by…
Oyster Renewable Energy and Dalmia Cement (Bharat) Limited have announced plans to develop a 31.6 MW solar-wind hybrid renewable energy project in Kadapa district of Andhra Pradesh. The project will involve an investment of around Rs 270 crore and combine 21.6 MW of wind capacity with 10 MW of solar generation. The hybrid project is…
British International Investment and Copenhagen Infrastructure Partners have launched North Star, a $300 million platform aimed at developing utility-scale renewable energy projects in India. The platform was announced on Thursday at the Global Partnerships Conference in London. Under the arrangement, BII and CIP will each commit up to $150 million, with CIP investing through its…