US-based Type One Energy has released the physics design basis for its Infinity Two stellarator fusion power plant, marking a critical step in advancing fusion energy. The published design, the first of its kind, outlines the operational parameters necessary for a practical fusion pilot plant and provides a foundation for external review and collaboration within…
India’s transition to clean energy and sustainable financing gained momentum today with three significant developments across the solar, electric vehicle (EV), and renewable power sectors. Luminous Power Technologies partnered with the State Bank of India (SBI) to enhance solar financing access, Shriram Finance Limited secured a $150 million loan from the Asian Development Bank (ADB)…
REC Power Distribution Company Limited (REC PDCL) has transferred Mahan Transmission Limited, a special purpose vehicle (SPV), to Adani Energy Solutions Limited (AESL). The handover, completed on March 26, 2025, follows a tariff-based competitive bidding (TBCB) process for selecting a transmission service provider (TSP). The project will be developed under the build, own, operate, and…
TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity…
AMPIN Energy Transition has secured a $50 million equity investment from Siemens Financial Services, the financing arm of Siemens AG. The funding will support AMPIN’s expansion in commercial and industrial (C&I) and utility-scale renewable energy projects, along with its broader energy transition initiatives. Beyond financial backing, the partnership provides AMPIN access to Siemens’ energy technology…
Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power requirements under the Electricity Act. The investment supports O2 Renewable Energy’s 201.2 MW wind-solar hybrid power plant in Kudligi Taluk, Bellary…
Diamond Power Infrastructure Limited has received multiple Letters of Intent (LoIs) for transmission and cable supply projects in Gujarat. The company secured an LoI worth Rs 231.68 million for the 220 kV D/C Maglana – Pachham line (80.01 km) under the Gujarat Green Energy Corridor-II. The project, awarded by Gujarat Energy Transmission Corporation Limited (GETCO),…
BAJEL Projects Limited (formerly Bajaj Electricals Limited) has received a Notification of Award (NoA) from Madhya Pradesh Power Transmission Company Limited (MPPTCL) for the construction of overhead and underground transmission lines in Bhopal. The project, awarded on March 25, 2025, involves power supply infrastructure for the Bhopal Metro Rail Project. The scope includes the supply…
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.66 billion. The contracts include transmission and distribution (T&D) projects in India and overseas, along with a building and factory (B&F) project in India. KPIL’s Managing Director & CEO, Manish Mohnot, highlighted the significance of winning prestigious orders in the…
NHPC Limited has completed the trial run of Unit 2 and 3 at the 800 MW Parbati-II Hydro Electric Project in Himachal Pradesh. The remaining two units are expected to undergo trial runs by March 31, 2025. Once fully operational, the project will significantly enhance NHPC’s hydropower capacity. The Parbati-II project, a run-of-the-river (RoR) initiative,…