Inox Wind Limited has divested a stake worth about Rs 175 crore in its engineering, procurement, and construction subsidiary, Inox Renewable Solutions Limited, at a valuation of nearly Rs 7,400 crore. The transaction comes after the stock exchanges cleared the demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions….
SAEL Industries Limited has entered into two long-term power purchase agreements with state utilities in Gujarat and Punjab, covering a combined solar capacity of 880 MW. SAEL Solar P Sixteen and SAEL Solar P Seventeen, both subsidiaries of SAEL, signed an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) for 480 MW. This includes 240…
Tata Power Delhi Distribution Limited (TPDDL) has allocated 250 MW of firm and dispatchable renewable energy (FDRE) projects with storage to four developers. The tender, floated in April 2025, concluded after four months with tariff discovery in the range of Rs 4.76–Rs 4.77/kWh. Juniper Green Energy secured 70 MW at Rs 4.76/kWh, while Navayuga Engineering…
British Car Auctions (BCA) reports that used electric vehicle (EV) activity in the UK reached record levels in August, with EVs outperforming petrol and diesel models. BCA said EVs showed the highest rate of first-time conversions and the best performance in both monthly and live CAP evaluations. The firm noted this trend despite industry concern…
The Ministry of Power has issued a notification revising the capital expenditure limit for hydro power projects that require clearance from the Central Electricity Authority (CEA). According to the notification, hydro generating schemes with an estimated cost exceeding Rs 3,000 crore will now require CEA concurrence. This replaces the earlier threshold notified in April 2006….
The Ministry of New and Renewable Energy (MNRE) has confirmed that solar generation is being curtailed during periods of low demand to maintain grid stability and ease transmission congestion. The ministry told Reuters that output cuts have been caused by some plants starting operations earlier than scheduled, while transmission projects faced delays. The practice, known…
Reliance Infrastructure Limited has received a Letter of Award from NHPC for developing a 390 MW interstate transmission system-connected solar project with a Battery Energy Storage System. The project will add 700 MWp of solar direct current capacity and 780 MWh of storage once commissioned. The winning tariff was discovered at Rs 3.13 per unit,…
Gentari has partnered with UltraTech Cement Limited to commission a 7.5 MW hybrid round-the-clock (RTC) renewable energy project at Sewagram Cement Works in Gujarat. The facility combines solar, wind, and battery energy storage systems within the cement plant premises, making it the first of its kind in the country. The project has been designed to…
Hinduja Group has outlined plans to expand its renewable energy capacity from the current 3 GW to over 10 GW by 2030. The company will invest between USD 3 billion and USD 4 billion across solar, wind, hybrid projects, and battery energy storage systems. The group said funding will be structured with a debt-to-equity ratio…
G R Infraprojects Limited has been awarded a transmission project by REC Power Development and Consultancy Limited for evacuating power from renewable energy projects in Madhya Pradesh. The project is titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE…