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EU targets 90% emissions cut by 2040, launches Hydrogen Mechanism for clean industry
The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission…
MEIL to invest Rs 103 billion in pumped storage project in AP
Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and…
MNRE extends ALMM framework to include solar wafers
The Ministry of New & Renewable Energy (MNRE) has amended the Approved Models and Manufacturers (ALMM) Order to expand domestic sourcing requirements to silicon wafers. The amendment introduces a new compliance layer under ALMM, aimed at strengthening India’s end-to-end solar manufacturing ecosystem. The requirement will take effect from June 1, 2028. Expanded ALMM compliance chain…
SnapE Cabs raises $2.5 million funding for EV expansion
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also…
India-UK trade deal opens zero-tariff market for Indian renewable exporters
The Free Trade Agreement (FTA) signed between India and the United Kingdom on July 24 will allow Indian renewable energy manufacturers to export products such as solar modules and wind turbines to the UK at zero tariffs. The move is expected to create new export opportunities for Indian firms amid slowing demand in the United…
RPSL subsidiary signs 65 MW BESS agreement with GUVNL
Rajesh Power Projects Private Limited, a wholly owned subsidiary of Rajesh Power Services Limited (RPSL), has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat. The agreement marks…
