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MNRE clarifies ALMM norms for solar cells, defines rules for PID variants
The Ministry of New and Renewable Energy (MNRE) has released detailed clarifications on the inclusion of solar cells in the Approved List of Models and Manufacturers (ALMM). The guidelines define how product families and minor changes will be handled during the enlistment process. Solar cells with and without potential induced degradation (PID) resistance will be…
India | Leadership | NewsIREDA appoints Bijay Kumar Mohanty as interim CMD
Indian Renewable Energy Development Agency Limited (IREDA) has entrusted Dr Bijay Kumar Mohanty, Director (Finance) and Chief Financial Officer (CFO), with the additional charge of Chairman and Managing Director (CMD), effective July 1, 2026. The appointment follows the superannuation of Shri Pradip Kumar Das, who ceased to serve as CMD on the same date after…
Axpo Nordic signs 10-year electricity contract with Hydro Energi
Axpo Nordic has entered a ten-year agreement with Norway-based Hydro Energi to supply 2.63 TWh of electricity between 2026 and 2035. The electricity will be delivered in the Swedish price area SE2, strengthening Hydro’s renewable energy portfolio. Mats Larsson, senior originator at Axpo Nordic, emphasized the companies’ 15-year partnership and Axpo’s expertise in delivering tailored…
Radiance Renewables raises $100 million equity from IFU and FMO
Radiance Renewables Private Limited has secured $100 million in equity investment from Impact Fund Denmark (IFU) and the Dutch entrepreneurial development bank FMO, with each institution committing $50 million. IFU’s investment has been made through the Danish SDG Investment Fund II, which is backed by five Danish pension funds. The company stated that the equity…
REC disburses Rs 546.92 billion in Q3 FY25
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled…
NHPC to commission Parbati-II hydroelectric project by March 2025
NHPC has announced that all four units of the Parbati-II Hydroelectric Project (800 MW) in Himachal Pradesh are expected to be operational by March 2025. This run-of-the-river project is designed to harness the hydro potential of the lower reaches of the Parbati River. With a cost estimate of Rs 39.2 billion, it will feature four…
