Rajasthan has launched the country’s largest integrated solar and battery storage project in the Pugal region of Bikaner, marking a major milestone in India’s renewable energy expansion. The Pugal Solar Park has been developed by Rajasthan Renewable Energy Corporation Limited (RRECL) through its subsidiary, Rajasthan Solar Park Development Company. The park will generate about 2,450…
Reliance NU Energies, the renewable energy subsidiary of Reliance Power, has seen major leadership changes with the resignation of Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop. Their departure comes less than a year after the company’s establishment in December 2024. Bansal and Swaroop, both of whom previously held senior positions at…
The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore. According to the ED, Kolkata resident Amar Nath Dutta was taken into custody under the Prevention of Money Laundering…
Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, an increase of 2.06% from Rs 43.70 billion in the same quarter last year. Revenue rose 11.82% year-on-year to Rs 147.60 billion, compared to Rs 132.00 billion in Q2 FY2024-25. The results were approved by the company’s Board of…
Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award from NTPC Limited for executing the 1×800 MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha’s Sundargarh district. The engineering, procurement, and construction (EPC) contract is valued at over Rs 6,650 crore, excluding GST. The order was issued on November 6, 2025, following an…
Pahal Solar Private Limited has confirmed an order for 112 MW of 600 Wp NDCR (Non-Domestic Content Requirement) solar modules from a South India-based client. The announcement was made on the opening day of the Renewable Energy India (REI) Expo in October 2025. The company said the deal reflects growing demand for its high-efficiency products,…
SJVN Limited announced the successful completion of the 72-hour trial run of Unit-1 (660 MW) of its 1,320 MW Buxar Thermal Power Project in Bihar on November 5, 2025. With this milestone, the company is set to begin commercial operations of the unit. SJVN Chairman and Managing Director Bhupender Gupta congratulated the project team, noting…
Global corporate funding in the energy storage sector fell 36% year-over-year to $11.2 billion across 85 deals in the first nine months of 2025, down from $17.6 billion in 2024, according to Mercom Capital Group. Venture capital (VC) investment rose slightly to $2.8 billion across 56 deals, led by $1.1 billion in funding for materials…
The United Kingdom has surpassed 20 GW of installed solar capacity, adding 1.4 GW since January 2025, according to provisional data from the Department of Energy Security and Net Zero (DESNZ). The 373 MW Cleve Hill project, commissioned in July, became the country’s largest solar plant. Ground-mounted and standalone systems now account for about 40%…
Inox Wind Limited (IWL) has announced new wind turbine orders totalling 229 MW. The company has received a 160 MW order from a leading independent power producer (IPP), including a firm order of 112 MW with an option to extend by another 48 MW. The project will use Inox Wind’s 3.3 MW turbine generators and…