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Navitas Solar to invest Rs 1,500 crore in 3.6 GW solar cell plant
Navitas Solar has announced plans to invest around Rs 1,500 crore to establish a 3.6 GW solar cell manufacturing facility and a pilot wafer-and-ingot production line at its Ankleshwar campus in Gujarat. The project marks the company’s entry into solar cell manufacturing and expands its presence across the solar value chain. The expansion will be…
India | Generation | NewsDAE seeks tax relief and green status for nuclear power at par with renewables
The Department of Atomic Energy (DAE) has requested that the Ministry of Finance extend tax incentives and green policy benefits to the nuclear power sector, aiming to align it with renewable energy support frameworks. The proposal has been submitted as part of the ongoing budget preparation exercise, according to people familiar with the development. The…
Matrix Renewables secures €40 million financing for solar projects in Italy
Matrix Renewables has closed a €40 million non-recourse financing agreement with UniCredit to support the development and construction of six solar photovoltaic (PV) plants across Sicily, Campania, and Lombardia. The total capacity of the projects is 40 MW, with construction having begun in September 2024. Operations are expected to start in the first quarter of…
Fraunhofer ISE tests medium voltage solar plants to cut costs and materials
Researchers at Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) are developing the first medium voltage photovoltaic power plants. The initiative aims to lower material use, reduce costs, and streamline the deployment of large-scale solar projects, particularly in areas with grid constraints. Two pilot plants, each with a capacity of 135 kW, will be…
India | Leadership | NewsPOWERGRID promotes twelve officials to Executive Director roles
Power Grid Corporation of India Limited (POWERGRID) has informed the stock exchanges that it has promoted twelve senior officials to the position of Executive Director, effective 25 January 2026. The promoted officials are classified as Senior Management Personnel, one level below the Board. The appointments include Abhinav Verma, Executive Director for Rajasthan Projects; Vineeta Agarwal,…
PFCCL forms three new SPVs for interstate transmission projects
PFC Consulting Ltd (PFCCL) has incorporated three wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for upcoming interstate transmission system (ISTS) projects. These schemes are being developed under the tariff-based competitive bidding (TBCB) framework. Each SPV will be transferred to the selected transmission service provider after the bidding process. All three projects aim to…
