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COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall
The Institute for Energy Economics and Financial Analysis (IEEFA) has urged global action at the 29th Conference of Parties (COP29), emphasizing a $400 billion annual investment gap to meet renewable energy targets by 2030. Labelling COP29 as the “climate finance COP,” IEEFA’s new briefing highlights the need for policies incentivizing banks to redirect lending toward…
Bajel Projects secures mega GIS substation EPC order in Mumbai
Bajel Projects Limited has secured a mega engineering, procurement and construction (EPC) order for a 400/220/33 kV gas-insulated switchgear (GIS) substation for a data centre project in Mumbai. According to the company’s stock exchange filing, the contract has been awarded by a domestic data centre client and falls under the company’s “Mega” project classification category,…
ACME Sun Power secures Rs 37.53 billion loan from REC
ACME Sun Power, a subsidiary of ACME Solar Holdings, has secured a Rs 37.53 billion term loan from REC Limited to develop a 320 MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN. The project aims to provide round-the-clock power, assisting distribution companies in meeting renewable purchase and energy storage obligations. Solar…
SEC to build publicly owned renewable energy park in Horsham, Australia
The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean…
Blykalla and ABB partner to develop SMR pilot facility in Sweden for nuclear innovation
Swedish nuclear power company Blykalla has joined forces with engineering giant ABB to develop an electric small modular reactor (SMR) pilot facility in Oskarshamn, southern Sweden. The companies signed a Memorandum of Understanding (MOU) to collaborate on SMR technology that aligns with Sweden’s clean energy and decarbonisation goals. This initial project will focus on constructing…
Lucknow tops India in rooftop solar, overtakes Surat
Lucknow has surpassed Surat to become the leading Indian city in rooftop solar installations, based on data released in mid-April 2026 by the Uttar Pradesh New and Renewable Energy Development Agency. The city now records the highest level of residential solar deployment in the country. The rise is linked to the PM Surya Ghar Muft…
