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PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat
Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology. The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build,…
Waaree Energies secures 360 MW solar module order
Waaree Energies Ltd. has received a new order to supply 360 MW of solar modules to a domestic developer engaged in utility-scale solar and energy storage projects. The agreement was finalised on November 11, 2025. In a filing to BSE Limited and the National Stock Exchange of India Limited, the company confirmed the contract, stating…
FAC clears forest diversion for Sawalkote hydro project in J&K
The Forest Advisory Committee (FAC) under the Ministry of Environment, Forest and Climate Change (MoEFCC) has granted in-principle approval to divert 847.17 hectares of forest land in Jammu & Kashmir for the Sawalkote Hydro Electric Project. The land spans across the Udhampur, Mahore, Batote, and Ramban forest divisions. The 1,856 MW project will be built…
ACWA Power secures financing for 1.1GW Suez wind farm in Egypt
ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez wind farm in Egypt’s Gulf of Suez region. The financing includes a $703.6m senior debt facility from a consortium of international banks and financial institutions, with the European Bank for Reconstruction and Development leading the deal. The $1.2bn project aims…
MCL to invest Rs 649 billion in clean and thermal energy
Mahanadi Coalfields Limited (MCL) is scaling up its presence in Odisha’s energy sector with a major investment plan of Rs 649 billion. The company aims to diversify beyond coal and enter both renewable and thermal power segments. At the core of this strategy is a 2,100 MW renewable energy expansion in Odisha. This includes 2,000…
Waaree says 126% US CVD has no material impact
Waaree Energies Limited stated that the US Department of Commerce’s preliminary countervailing duty (CVD) of 126% on solar modules using India-manufactured cells does not pose a material risk to its operations or financial guidance. The clarification was issued during a special analyst and institutional investor call held on February 25, 2026. Senior management, including Amit…
