Uttar Pradesh Power Corporation Limited (UPPCL) has awarded bids for setting up 1,000 MW of Inter-State Transmission System (ISTS)-connected solar power projects across India. The bidding results were announced on March 28, 2025, with three firms...
NTPC Limited has commissioned 245 MW of solar power as part of the 735 MW Nokh Ultra Mega Solar Park Project in Jaisalmer, Rajasthan. The project became commercially operational from midnight on March 26, 2025, following successful commissioning and...
Tamil Nadu Green Energy Corporation Limited (TNGECL) is set to upgrade its renewable energy infrastructure by replacing aging windmills with a new 40 MW wind-solar hybrid power project. The initiative focuses on boosting clean energy generation in...
India’s transition to clean energy and sustainable financing gained momentum today with three significant developments across the solar, electric vehicle (EV), and renewable power sectors. Luminous Power Technologies partnered with the State Bank of...
REC Power Distribution Company Limited (REC PDCL) has transferred Mahan Transmission Limited, a special purpose vehicle (SPV), to Adani Energy Solutions Limited (AESL). The handover, completed on March 26, 2025, follows a tariff-based competitive...
TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s...
AMPIN Energy Transition has secured a $50 million equity investment from Siemens Financial Services, the financing arm of Siemens AG. The funding will support AMPIN’s expansion in commercial and industrial (C&I) and utility-scale renewable...
Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power...
Diamond Power Infrastructure Limited has received multiple Letters of Intent (LoIs) for transmission and cable supply projects in Gujarat. The company secured an LoI worth Rs 231.68 million for the 220 kV D/C Maglana – Pachham line (80.01 km)...
BAJEL Projects Limited (formerly Bajaj Electricals Limited) has received a Notification of Award (NoA) from Madhya Pradesh Power Transmission Company Limited (MPPTCL) for the construction of overhead and underground transmission lines in Bhopal. The...
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.66 billion. The contracts include transmission and distribution (T&D) projects in India and overseas, along with a building...
NHPC Limited has completed the trial run of Unit 2 and 3 at the 800 MW Parbati-II Hydro Electric Project in Himachal Pradesh. The remaining two units are expected to undergo trial runs by March 31, 2025. Once fully operational, the project will...
Coal India Limited (CIL) and GAIL (India) Limited have joined forces to establish Coal Gas India Limited, a joint venture aimed at developing a coal-to-synthetic natural gas (SNG) project at Eastern Coalfields. The project leverages CIL’s coal...
K2 Infragen Limited has won an engineering, procurement, and construction (EPC) contract from KPI Green Energy Limited for the 67.61 MWp capacity under the 300 MW Khavda Solar PV Project – Phase XXI in Gujarat. The contract, awarded on March 25...
Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 2,323 million from Waaree Energies Limited for engineering, procurement, and construction (EPC) works. The contract is for setting up 170 MW/255 MWp capacity...
NTPC Renewable Energy Limited, a subsidiary of NTPC Limited, has commissioned its entire 470 MW solar power project in Rajasthan. The final phase, 100 MW from the 320 MW Bhainsara solar project in Jaisalmer, began commercial operations on March 20...
PFC Consulting Limited (PFCCL) has incorporated two special purpose vehicles (SPVs) for the development of transmission projects in Maharashtra. The SPVs were established on March 21, 2025, to facilitate network expansion for renewable energy...
REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects...
Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will...
BluPine Energy has secured Rs 17.87 billion in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funds will be used to optimize financial structuring and support the company’s renewable energy...
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