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Exus acquires Lightsource bp’s 130MWp Cibele solar farm in Portugal
Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp. Located in Rio Maior and Cadaval, the project is ready for construction, which is set to begin in early 2025, with operations expected in 2026. The acquisition supports Exus’ renewable energy strategy in the Iberian Peninsula and aligns with its hybridisation…
CleanMax raises Rs 400 crore in pre-IPO round
CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment…
India’s energy storage capacity to rise 12-fold: SBICAPS report
India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include storage, rising from 5% of projects in FY 2020 to 23% by FY 2024. Battery…
Tata Power-DDL among top 10 global power utilities in Smart Grid Index 2024
Tata Power Delhi Distribution Ltd (Tata Power-DDL), the distribution arm of Tata Power in the National Capital, has been ranked among the top 10 power utilities worldwide in the Smart Grid Index 2024. The Smart Grid Index, developed by Singapore Power Group (SP Group), measures the “smartness” of electricity grids globally. This year, the study…
Premier Energies partners with RENA Technologies for solar cell innovation
Premier Energies Limited, one of India’s top solar cell and module manufacturers, has announced a partnership with German technology leader RENA Technologies GmbH. The collaboration, unveiled in April 2025, is set to drive advancements in n-type solar cells and develop wet chemistry techniques for next-gen tandem solar technologies. This international alliance pairs Premier Energies’ large-scale…
CEA seeks power utilities’ inputs on quality infrastructure measures
The Central Electricity Authority (CEA) has requested all power sector utilities to submit inputs on improving equipment and installation quality. This follows a meeting on 15 July 2025 chaired by the Advisor to the Prime Minister, where the importance of monitoring, enforcement, and use of modern technology, including drones, was highlighted. CEA oversees standards for…
