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Kovalam Investment approves solar projects in Madhya Pradesh
The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh. The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas…
IndiGrid completes Gujarat BESS acquisition for Rs 573 crore
IndiGrid Infrastructure Trust has completed the acquisition of Gujarat Battery Energy Storage System (BESS) Private Limited from British International Investment PLC (BII) and Norfund, which invested through its vehicle KNI India AS. The transaction was executed at an enterprise value of approximately Rs 573 crore, subject to closing adjustments under the definitive agreements. The project…
Non-fossil sources account for 53.6% of India’s installed power capacity
India’s total installed power generation capacity reached 537,264 MW as of April 30, 2026, according to the latest data released by the Central Electricity Authority (CEA). Non-fossil fuel-based sources, including renewable energy and nuclear power, now account for 53.61% of the country’s total installed capacity. Capacity mix The data shows that fossil fuel-based capacity stood…
QatarEnergy and TotalEnergies partner for solar project in Iraq
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…
India seeks critical minerals agreement with the US to counter China
India and the US are working together to bolster their critical minerals supply chains, aiming to reduce dependency on China. As part of this effort, the two countries plan to jointly explore third-country sources for securing critical minerals, with India seeking to transform the current Memorandum of Understanding (MoU) into a more comprehensive partnership agreement….
NCT backs HVDC over battery storage for Barmer solar evacuation
At its 30th meeting, the National Committee on Transmission (NCT) approved high-voltage direct current (HVDC) technology to evacuate 6 GW of solar power from Barmer in Rajasthan to South Kalamb in Maharashtra. The committee rejected battery energy storage system (BESS) as an alternative following a cost analysis by the Central Transmission Utility of India Ltd…
