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NLC India and RRVUNL to set up lignite-based thermal power plant in Rajasthan
NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a…
World Bank approves loan for Bosnia and Herzegovina’s energy transition
On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select…
Vikram Solar secures 336 MW module order from L&T
Vikram Solar has received an order to supply 336 megawatts (MW) of solar modules to L&T Construction. The modules will be deployed at Khavda, Gujarat, where the company has supplied earlier projects as well. For this order, Vikram Solar will provide its Hypersol G12R modules built on N-type technology. The modules are designed with up…
Iberdrola raises €5bn to fund grid investments in US and UK
Iberdrola has completed a €5 billion (USD 5.8 billion) capital raise to support its electricity grid investments in the United States and the United Kingdom. The company issued 331 million new shares through an accelerated bookbuilding process, with the offering 3.8 times oversubscribed. Shares were priced at €15.15 each. This marks Spain’s largest accelerated bookbuild…
SAEL to convert 2 million tonnes of paddy stubble into clean power
The Sustainable and Affordable Energy for Life Industries Limited (SAEL) plans to procure 2 million tonnes of paddy stubble in 2025 for conversion into clean electricity through its fuel aggregation network. The company operates 11 waste-to-energy plants across Punjab, Haryana, and Rajasthan with a combined capacity of 165 MW. The initiative is expected to cut…
Vikram Solar commissions 5 GW Vallam module plant in Tamil Nadu
Vikram Solar has commissioned its Vallam module manufacturing facility in Tamil Nadu, adding 5 GW of new capacity. With this expansion, the company’s total module manufacturing capacity has reached 9.5 GW. The Vallam plant spans 27,000 sq m and is built on TOPCon technology with provisions for HJT upgrades. It supports M10, G12 and G12R…
