Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
NTPC Limited has awarded battery energy storage system (BESS) engineering, procurement and construction (EPC) contracts worth a combined Rs 1,185 crore to three listed companies. The awards, issued on March 30, 2026, are part of an ongoing procurement drive that saw the company allocate over Rs 1,391 crore in BESS orders to another set of…
The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion. This anticipated growth could rival the economic scale of the global oil market, marking a…
RenewSys India has inaugurated a 3 GW solar module manufacturing facility at IndoSpace Industrial Park in Khopoli, Khalapur district, Maharashtra, increasing its total module manufacturing capacity to 5.6 GW. The facility covers over 7 lakh square feet and operates as a fully automated unit with artificial intelligence (AI)-enabled production lines, real-time digital monitoring for quality…
The Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD) have signed a $100 million credit facility agreement aimed at enhancing green finance solutions for micro, small, and medium enterprises (MSMEs) in India. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which will be used to…
THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units…
QatarEnergy has partnered with TotalEnergies to develop a 1.25 GW (peak) solar photovoltaic (PV) project in Iraq’s Basra region. Awaiting regulatory approvals, QatarEnergy and TotalEnergies will each hold a 50% stake in the solar facility, which ranks among the world’s largest solar projects. Equipped with two million bifacial solar panels and single-axis trackers, the project…