Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP).
The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
A meeting convened by the Central Electricity Authority (CEA) on December 15, 2025, reviewed the ongoing large-scale curtailment of renewable energy generation in Rajasthan. The meeting was chaired by CEA Chairperson Shri Ghanshyam Prasad and attended by representatives from Grid-India, Central Transmission Utility (CTUIL), and the Sustainable Projects Developers Association (SPDA), along with several renewable…
India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of…
Pele Green Energy (PGE) has achieved financial close for the 100 MW Sonvanger solar photovoltaic (PV) power plant in South Africa. Located 4 km southwest of Theunissen in the Masilonyana local municipality of Free State province, the plant will supply clean energy to Glencore Merafe Venture’s ferrochrome smelters. The Sonvanger project is the country’s first…
The Centre plans to install rooftop solar systems in one crore households by 2026–27 under the PM Surya Ghar: Muft Bijli Yojana, Union Minister for New and Renewable Energy Pralhad Joshi recently informed the Lok Sabha. According to the minister, the country has saved nearly Rs 4 lakh crore by reducing fossil fuel imports and…
Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary. This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various…
The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved investment proposals worth Rs 183.58 billion for setting up 2,087.6 MW of renewable energy projects across the state. The approved projects include: NSL Renewable CPP Private Limited: A 50 MW wind-solar hybrid power project with an investment of Rs 5.67 billion. Tata Power Renewable…