The Hinduja Group has committed to invest Rs 20,000 crore in Andhra Pradesh in multiple phases after discussions with Chief Minister N. Chandrababu Naidu in London. The investment will focus on expanding power generation, renewable energy capacity...
India’s renewable energy expansion is entering a new phase focused on grid integration, storage, and market reform. The Ministry of New and Renewable Energy (MNRE) has decided not to cancel Renewable Energy Implementing Agency (REIA) projects in...
The Ministry of Power has directed Renewable Energy Implementing Agencies (REIAs) to close long-pending renewable energy bids and cancel related Letters of Award (LoAs) by November 30, 2025, where signing Power Purchase Agreements (PPAs) or Power...
CSIR-Structural Engineering Research Centre (CSIR-SERC) in Chennai has developed a hybrid floating platform that generates both wind and solar power from a single structure. The system can be deployed in offshore and inland water bodies, unlocking...
Dharan Infra-EPC Ltd has announced that its wholly-owned subsidiary, Dharan Infra Solar Pvt Ltd, has signed a Rs 215 crore agreement with Skymax Infrapower to develop a 75 MW solar power plant in Maharashtra. The contract covers the full scope of...
Rajasthan has cancelled over 100 Kusum-A solar projects after developers failed to sign power purchase agreements (PPAs) within the stipulated timelines. Many of these bidders had initially offered very low tariffs to win contracts, but later...
Adani Solar has reached a major manufacturing milestone, with total module shipments surpassing 15,000 MW across domestic and international markets. The company announced that it is the first and fastest Indian solar manufacturer to achieve this...
Germany and India have reaffirmed their commitment to renewable energy and sustainable growth, the German Embassy has said. The announcement followed Parliamentary State Secretary Johann Saathoff’s four-day visit to India, marking 25 years of the...
Power Grid Corporation of India Ltd (PGCIL) reported a net profit of Rs 3,566 crore for the quarter, down 6% from Rs 3,793 crore in the same period last year. Revenue rose 1.8% to Rs 11,476 crore from Rs 11,277 crore, while EBITDA declined 6.1% to Rs...
REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector...
Lubi Electronics has appointed Suraj Dhruv as Business Head to lead the company’s business growth, P&L management, and expansion into renewable energy. Based in Ahmedabad, he will oversee diversification into solar, solar-wind hybrid, green...
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with CtrlS Datacenter Limited to develop renewable energy projects of 2 GW or more for supplying round-the-clock (RTC) renewable power to...
NLC India Limited (NLCIL) has announced the commissioning of the second phase of its 300 MW solar power project at Barsingsar in Bikaner, Rajasthan, and the transfer of seven renewable assets to its subsidiary as part of a structural reorganisation...
Adani Green Energy Limited (AGEL) announced that its subsidiaries have signed Investment Agreements with RSWM Limited to develop two captive power projects. The agreements were executed on October 31, 2025. The first agreement involves Adani...
Ingka Investments, the investment arm of Ingka Group, has acquired a 100% stake in a 210 MWp solar project in Rajasthan, its first renewable energy investment in India. The subsidy-free project is ready for construction, with operations expected to...
MEIL Energy Private Limited, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has completed the acquisition of a 250 MW lignite-fired power plant in Neyveli, Tamil Nadu. With this addition, MEIL’s total power generation...
Alpex Solar Limited has approved the expansion of its proposed solar cell manufacturing facility in Kosi Kotwan, Uttar Pradesh, from 1.6 GW to 2.2 GW. The company will also adopt advanced G12R tunnel oxide passivated contact (TOPCon) technology as...
The Asian Development Bank (ADB) has approved a USD 460 million results-based loan to upgrade Maharashtra’s rural power infrastructure and promote distributed renewable energy. The initiative aims to provide farmers with reliable daytime solar...
NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same...
British International Investment (BII) is deepening its presence in India’s renewable energy sector through a series of strategic investments spanning generation, transmission, and manufacturing. In its latest move, BII has committed a USD 75 million...
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Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...