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IEA’s Fatih Birol: Fossil fuel demand to peak as world enters “age of electricity”
Fatih Birol, executive director of the International Energy Agency (IEA), stated that with fossil fuel demand expected to peak within the next five years, the world is approaching a new “age of electricity.” In a recent press release, the Turkish economist highlighted that the surplus in oil and gas supplies could drive significant investments in…
MNRE clarifies prototype wind turbine guideline for NIWE approvals
The Ministry of New and Renewable Energy (MNRE) issued a clarification on 6 August 2025 regarding its revised guidelines for prototype wind turbine installations. The clarification pertains to clause 1(ii)(e) of the guidelines released on 12 June 2025. MNRE stated that the National Institute of Wind Energy (NIWE) may issue revised grid synchronisation recommendation letters…
Havells to invest Rs 6 billion in Goldi Solar
Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in…
BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date
BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio sale in BayWa r.e.’s history. The projects are expected to be operational by the end of 2025. Situated in the PJM (Pennsylvania, New…
India retains 15.5% equity return norm for nuclear power plants till FY28
The Department of Atomic Energy (DAE) has finalised tariff norms for nuclear power projects for the five years beginning FY23. The return on equity remains fixed at 15.5 per cent, in line with norms for thermal plants. Plants commissioned before April 1, 2022, will follow a constant 15.5 per cent RoE. New projects can choose…
Sorigin RE Services wins 250 MW / 500 MWh BESS EPC order in Rajasthan
Sorigin RE Services, a Pune-based energy solutions firm, has secured its first standalone battery energy storage system (BESS) contract in Rajasthan. The project, awarded by an independent power producer, has a total capacity of 250 MW / 500 MWh. The order comprises two installations of 125 MW / 250 MWh each at Giral and Suratgarh….
