Telangana aims to add 20,000 MW to its existing renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka announced. The state will focus on Standalone Renewable Energy Projects, floating solar, Waste to...
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44...
Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit. The company recently...
Power Grid Corporation of India Limited (PGCIL) received the Letter of Intent (LoI) for two Interstate Transmission System (ISTS) projects under the Tariff Based Competitive Bidding (TBCB) route on January 6, 2025. These projects are on a Build...
Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the...
Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by...
Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating. Sasan Power operates the 3,960 MW...
Sahaj Solar has won a contract from the Tripura Renewable Energy Development Agency (TREDA) to solarise 2 HP grid-connected agricultural pumps under the PM-KUSUM scheme’s Component C. The project involves designing, surveying, manufacturing...
The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote...
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a...
Altra Xergi Power, a subsidiary of O2 Power, secured 200 MW in SECI’s auction for 8,000 MWh (2,000 MW x 4 hours) of peak renewable energy supply from ISTS-connected projects under tariff-based competitive bidding (FDRE-VI). The winning tariff...
Bharti Airtel has acquired a 26% stake in a special purpose vehicle of AMPIN Energy Transition to develop a 50 MW wind-solar hybrid power project in Barmer, Rajasthan. The Rs 378.9 million investment will enable Airtel to source green energy in a...
SJVN Limited and the Government of Bihar (GoB) signed an MoU on December 31, 2024, to develop the 1,000 MW Hathidah-Durgawati Pumped Storage Project and other similar projects in Bihar. The 1,000 MW (4×250 MW) Hathidah-Durgawati project will be...
CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote...
Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support...
The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Cross Border Trade of Electricity) (Second Amendment) Regulations, 2024, under the Electricity Act, 2003. The draft introduces updates to the 2019 regulations...
The Gujarat Electricity Regulatory Commission (GERC) has approved a power purchase agreement (PPA) between Jubilant Infrastructure, a subsidiary of Jubilant Ingrevia, and O2 Renewable Energy III, part of O2 Power, for 9 MW of wind-solar hybrid power...
Waaree Energies Limited has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, rated at 585/590 Wp. The modules will be delivered to a domestic renewable energy developer managing projects across India. Delivery...
Power Mech Projects has secured a Rs 29.4 billion order from Adani Power for services related to the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh. The contract involves overhauling, erection, testing, commissioning, and manpower...
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Lumax Greenfuel (Greenfuel Energy Solutions Pvt. Ltd.) has established itself as a prominent player...
Waaree Solar Americas, a subsidiary of Waaree Energies Limited, has secured an order for the supply...
Indosolar Limited, a subsidiary of Waaree Energies Limited, reported revenue from operations of Rs...
Indian Energy Exchange Limited (IEX) reported a consolidated profit after tax (PAT) of Rs 134.8...
NTPC Green Energy Limited (NGEL) has declared the commercial operation of 64.76 MW, the first part...
Adani Green Energy Limited (AGEL) reported a profit of Rs 983 crore for the quarter ended June 30...
The National Bank for Agriculture and Rural Development (NABARD) and Mahatma Phule Renewable Energy...
The Bihar State Power Generation Company Limited (BSPGCL) has invited Expressions of Interest (EOIs)...
Kalpataru Projects International Limited (KPIL) has completed the charging and energisation of the...
Shri Rajesh Pandey, IAS, assumed charge as the 51st Chairman of Damodar Valley Corporation (DVC) on...