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Sunsure Energy raises Rs 606 crore debt, adds RBL Bank as lender
Sunsure Energy has secured Rs 606.22 crore in debt financing for solar projects across Maharashtra and Uttar Pradesh, with RBL Bank entering as a new lender alongside existing financier Aseem Infrastructure Finance Limited. RBL Bank has extended Rs 144.46 crore to refinance Sunsure’s solar project in Augasi, Uttar Pradesh, marking its first exposure to the…
PGCIL commissions Khavda Phase IV Part E4 transmission project
Power Grid Corporation of India Limited (PGCIL) has commissioned the “Transmission System for Evacuation of Power from potential RE zone in Khavda Area of Gujarat under Phase IV (7 GW) – Part E4” with effect from June 21, 2026. The company received the Declaration of Commercial Operation (DOCO) dated July 13, 2026, through email on…
ACME Urja One signs PPA with SECI for 190 MW hybrid project
ACME Urja One Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 190 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid project with assured peak power supply. The 25-year PPA was executed on February 18, 2026. The…
IEX electricity trade rises 18.9% in August 2025
Indian Energy Exchange (IEX) traded 11,803 million units (MU) of electricity in August 2025, up 18.9 per cent year-on-year. The month also saw 21.68 lakh Renewable Energy Certificates (RECs) traded. National energy use stood at 150.47 billion units, 4.4 per cent higher than last year. Prices declined with better supply liquidity. The Day-Ahead Market averaged…
Mitsubishi Electric invests $86 million in US switchgear production
Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas…
Insolation Energy secures Rs 714 million order for solar PV modules
Insolation Energy Ltd., via its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Rs 714 million purchase order from ACME Cleantech Solutions Private Limited. The order is for the supply of solar PV modules. Recently, Insolation Energy won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to…
