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Honda Motor acquires stake in OMC Power
Honda Motor Company has acquired an equity stake in India-based OMC Power to jointly develop clean energy storage solutions using repurposed electric vehicle batteries. The collaboration aims to extend the lifecycle of Honda’s detachable batteries and deploy them for distributed energy storage across rural and semi-urban areas. OMC Power, backed by Mitsui & Co. and…
UK shifts inflation indexation for legacy renewable subsidies
The UK Department for Energy Security and Net Zero (DESNZ) has confirmed it will move ahead with changes to how inflation is applied to two legacy renewable energy subsidy schemes. The decision is expected to reduce payments to generators while lowering costs for electricity billpayers. From April, subsidy payments under the Renewables Obligation (RO) and…
REC forms SPV for Vizag green hydrogen transmission project
REC Limited has incorporated Vizag Power Transmission Limited as a wholly owned subsidiary through REC Power Development and Consultancy Limited (RECPDCL). The special purpose vehicle was established on February 16, 2026 for the project titled “Transmission system for proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I).” The incorporation follows a…
Power Mech Projects wins Rs 29.4 billion order for Korba thermal project
Power Mech Projects has secured a Rs 29.4 billion order from Adani Power for services related to the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh. The contract involves overhauling, erection, testing, commissioning, and manpower support for performance guarantee tests of steam generators (SG) for Units 3 and 4. These activities are essential to…
Borosil calls for anti-dumping duty on Chinese solar glass
Borosil Renewables, a leading solar glass manufacturer in India, has called on the government to impose an anti-dumping duty on Chinese solar glass imports to safeguard domestic producers. Shreevar Kheruka, Vice Chairman of Borosil Renewables, alleged that Chinese companies are exporting solar glass to India at prices significantly below their production costs, harming Indian manufacturers….
PGCIL signs green loan agreement with SMBC for RE integration
Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat. The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and…
