Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
ACEN Corporation has signed an agreement to sell up to a 49% stake in its 100 MW wind power project in Karnataka to Dutch investor Diamond India Renewables One B.V. (DIRO). The transaction will be executed through Unlimited Renewables Holdings B.V. (URH), ACEN’s wholly owned subsidiary. Stake acquisition in phases Under the securities sale and…
Coal India Limited (CIL) and U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) have signed a joint venture (JV) agreement to develop renewable energy projects in Uttar Pradesh, according to a regulatory filing made on July 5, 2026. The agreement was executed on July 3, 2026. The filing did not disclose details of the planned project…
The Ministry of New and Renewable Energy (MNRE) has released the first revision of the Approved List of Models and Manufacturers (ALMM) List-II for solar PV cells, along with a set of frequently asked questions (FAQs) to clarify its implementation. Both documents were issued on 23 September 2025. The revision adds two manufacturers to List-II,…
The Global Energy Alliance for People and Planet (GEAPP) has launched the India Grids of the Future Accelerator at Mumbai Climate Week 2026, committing up to $25 million to modernise power distribution infrastructure. The platform aims to help utilities integrate renewable energy and storage while preparing grids for rising electricity demand. GEAPP signed memoranda of…
Schneider Electric has entered into a partnership with TP Western Odisha Distribution Ltd (TPWODL), a Tata Power group company, to upgrade and digitize electricity distribution infrastructure across Western Odisha. Under the agreement, Schneider Electric has equipped 75 substations with its EcoStruxure™ Grid architecture, giving operators end-to-end visibility and automated control across the distribution network. TPWODL…
Emmvee Photovoltaic Power Limited has commenced operations at a new solar module manufacturing line through its wholly owned subsidiary Emmvee Energy Private Limited (EEPL). The 2.5 GW solar module line has been commissioned at EEPL’s Unit VI facility located at Sulibele in Hoskote Taluk, Bengaluru, Karnataka. Commercial production began on 20 December 2025. The company…