Climate Fund Managers and Ampyr Energy have announced the commissioning of the Somasamudra Phase 1 solar photovoltaic (PV) plant in Karnataka, marking the fourth project delivered under the Ampyr Renewable Energy platform in India. Located in Ballari district, the 67.5 MWp (50 MWac) open access solar PV project supplies renewable electricity to commercial and industrial…
India and the European Union (EU) have expanded their clean energy collaboration with the launch of a joint funding call focused on electric vehicle (EV) battery recycling technologies. Announced on May 5, 2026, the third coordinated call under the India-EU Trade and Technology Council’s Working Group 2 on Green and Clean Energy Technologies will provide…
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has granted or recommended Terms of Reference (ToR) for four hydroelectric and pumped storage projects across Maharashtra, Bihar, and Arunachal Pradesh during its 53rd meeting held virtually on April 29–30, 2026. The projects together represent more than 5,100 MW of planned capacity. The proposals…
Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle (SPV) has been formed for the installation of two Synchronous Condenser (SynCon) units at the 765/400/220 kV Fatehgarh-II…
Pace Digitek Limited has received a Letter of Award from Damodar Valley Corporation (DVC) for a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon in Jharkhand. The total contract value is Rs 7,019.54 million, including Goods and Services Tax (GST). The award includes three separate contracts. The supply contract, valued…
Apple Inc. and CleanMax Enviro Energy Solutions Limited have announced a strategic co-investment of around Rs 100 crore to support the expansion of renewable energy projects for India’s commercial and industrial (C&I) sector. The move builds on an earlier partnership between the two companies focused on supplying renewable energy for Apple’s operations in India. Kuldeep…
Ceigall India Limited has reported consolidated revenue of Rs 40,224 million for FY26, registering a 17.1% year-on-year increase. The company’s order book stood at Rs 185,543 million as of March 31, 2026, supported by fresh order inflows worth Rs 60,142 million during the fourth quarter. For Q4 FY26, consolidated revenue increased 37.1% year-on-year to Rs…
REC Limited has appointed Shri Rajesh Kumar Agarwal, Director (Finance) at Power Finance Corporation Limited (PFC), as PFC’s Nominee Director on its Board with effect from May 1, 2026. The appointment was approved by the Ministry of Power, Government of India, through an Office Order dated May 6, 2026. The induction has been made under…
Indonesian state-owned electric utility company PLN has launched a tender for the 1,225 MW Mentari Nusantara I solar power project, which will be developed across multiple regions of Indonesia. The procurement process began on April 30 under an integrated tender scheme called ‘Giga One’, with the projects targeted to begin commercial operations in 2029. The…
Waaree Renewable Technologies Limited (WRTL) has signed definitive agreements to acquire a 55% stake in Associated Power Structures Private Limited (APSPL), formerly known as Associated Power Structures Limited, in a transaction valued at Rs 1,225 crore. Upon completion of the deal, APSPL will become a subsidiary of WRTL. The acquisition will be executed through a…