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Reliance signs PPA with SECI for 930 MW solar and BESS project
Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy…
Waaree solar cells added to MNRE ALMM List II
Waaree Energies announced that its solar photovoltaic cells have been included in the Ministry of New and Renewable Energy (MNRE) Approved List of Models and Manufacturers List II (ALMM List II) for solar photovoltaic cells. The inclusion was notified under the third revision of ALMM List II issued on 15 December 2025. According to the…
Reliance sees mixed Q1 in energy segments amid price volatility
Reliance Industries recorded a mixed financial performance in the first quarter of FY26. Its Oil-to-Chemicals (O2C) segment posted a 10.8 per cent year-on-year increase in EBITDA, supported by stronger fuel retail margins and higher transportation fuel cracks. However, segment revenue declined 1.5 per cent due to lower crude prices and planned shutdowns that reduced output….
REC PDCL incorporates SPVs for three transmission projects in Karnataka
REC Power Distribution Company Limited (REC PDCL) has incorporated three special purpose vehicles (SPVs) for transmission projects in Karnataka. The SPVs were established on May 21, 2025, to facilitate project development under the tariff-based competitive bidding (TBCB) route. Hampapura Power Transmission Limited will implement the project for establishing a 400 kV substation at Hampapura, along…
BlackSoil acquires Credit Fair’s solar financing business
BlackSoil has announced the acquisition of the solar financing business of Credit Fair, a B2B2C green energy financing platform focused on rooftop solar. The transaction, which is subject to necessary approvals, marks BlackSoil’s entry into India’s renewable energy financing sector. The acquisition includes Credit Fair’s solar financing business, management team, technology platform, brand and operating…
ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth
ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenues across its operating segments….
