Shakti Pumps (India) Limited reported its highest-ever consolidated first-quarter revenue in Q1 FY27, supported by higher solar pump installations and continued execution of government-backed solar irrigation orders. Consolidated revenue from operations reached Rs 8,587 million, up 37.9% from Rs 6,225 million in Q1 FY26 and broadly unchanged from Rs 8,578 million in Q4 FY26. While…
Odisha Hydro Power Corporation Limited (OHPC) has awarded the Letter of Intent (LoI) to Megha Engineering & Infrastructures Limited (MEIL) for the Engineering, Procurement & Construction (EPC) of the 600 MW Upper Indravati Pumped Storage Project at Ranibahal in Kalahandi district, Odisha. The project, estimated to cost Rs 3,394 crore, will comprise four generating units…
Enerparc Energy has secured financing from PTC India Financial Services Limited to support the development of its renewable power projects in India. The funding will be used to develop renewable energy assets serving the Commercial & Industrial (C&I) segment, which continues to emerge as a key market for clean energy deployment in the country. Project…
The National Committee on Transmission (NCT) has approved a revised estimated cost of Rs 3,418 crore for Part-C of a transmission scheme designed to evacuate power from 14 GW of renewable energy capacity in Gujarat. The cost has increased by approximately Rs 655 crore, or 23.7%, from the earlier estimate of Rs 2,763 crore following…
LNK Energy has achieved financial closure with the State Bank of India (SBI) for Phase 1 of its planned 6 GW integrated solar manufacturing facility in Maharashtra. The project will establish manufacturing capacity across the solar value chain, covering ingots, wafers, cells and modules. The financial closure marks progress on LNK Energy’s plans to build…
Shri Shirdi Sainath Power Infratech Pvt. Ltd. will invest Rs 87.55 crore to establish a lithium-ion battery manufacturing plant at the Hathua Industrial Area in Gopalganj, Bihar. The facility will have a production capacity of 5,000 batteries per day and is expected to become operational by 2027. The project will manufacture batteries for applications across…
Rayzon Solar and Navitas Solar have separately entered into five-year partnerships with U.S.-based perovskite technology company Caelux to develop and manufacture a combined 10 GW of perovskite-silicon tandem solar modules in India. Each partnership covers 5 GW of manufacturing, with commercial production targeted to begin in 2028. The two Indian manufacturers will integrate Caelux’s perovskite-coated,…
Portugal and Spain are accelerating investment in pumped storage as rising renewable generation increases the need for large-scale, long-duration energy storage across the Iberian electricity system. Portugal has unveiled a National Energy Storage Strategy targeting approximately 3.9 GW of pumped storage capacity by 2030 and more than 5 GW by 2040, while Spain has awarded…
Meta has withdrawn from RE100, the global corporate renewable electricity initiative led by the Climate Group, as its investments in new natural gas generation no longer meet the initiative’s technical criteria. The company behind Facebook and Instagram joined RE100 in 2016. The initiative has 444 members, including Apple, Google and Microsoft, and encourages companies to…
Waaree Solar Americas, a subsidiary of Waaree Energies Limited, has secured an order for the supply of 125 MW of Heterojunction Technology (HJT) solar modules from an international customer. According to a regulatory filing, the order has been placed by an international entity engaged in owning and operating utility-scale renewable energy projects. The company will…