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…
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…
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…
The Competition Commission of India (CCI) has cleared the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. Vedanta, a subsidiary of Vedanta Resources Limited, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel,…
EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital investments in sustainable infrastructure and support India’s decarbonisation goals. The fund has a target size of…
Saatvik Green Energy Limited and its subsidiary Saatvik Solar Industries Private Limited have received solar photovoltaic (PV) module supply orders worth Rs 6.89 billion from independent power producers and engineering, procurement, and construction developers across India. Of the total, Saatvik Green Energy received Rs 0.51 billion in orders, scheduled for execution by November 2025. Its…
Inox Wind will set up a wind-blade and tower manufacturing facility in the Kyadigoppa Industrial Area, Kushtagi taluk, Koppal district, Karnataka, with a total investment of Rs 400 crore. The project will be executed in two phases, with Rs 300 crore allocated for the first phase and Rs 100 crore for the second. The Karnataka…
The Defence Research and Development Organisation (DRDO) has signed a Memorandum of Understanding with the Solar Energy Corporation of India (SECI) to jointly develop 300 MW of solar-based renewable energy projects. The projects will be set up across DRDO facilities nationwide. The collaboration aims to make all DRDO campuses in strategic locations net zero by…
SJVN has awarded 1,500 MW/6,000 MWh of assured peak power capacity from its interstate transmission system (ISTS)-connected renewable energy projects with storage. The auction aimed to secure firm renewable power supply during peak hours. Reliance NU Energies and Sembcorp Green Infra emerged as key winners, securing 750 MW/3,000 MWh and 150 MW/600 MWh, respectively. Both…
The Securities and Exchange Board of India (Sebi) has uncovered insider trading worth over Rs 173 crore in shares of the Indian Energy Exchange (IEX) and barred eight people from the market after search operations last month. Sebi found that confidential details from Central Electricity Regulatory Commission (CERC) meetings on market coupling were leaked and…