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PFC Consulting forms SPV for 3 GW renewable power transmission in Gujarat
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) named Raghanesda RE Transmission Limited. The SPV will oversee the development of the “Transmission System for evacuation of renewable energy power from the Raghanesda area of Gujarat – 3 GW under Phase-I.” The project, with an estimated…
India identifies 10 old thermal sites for potential nuclear conversion
The Indian government has identified 10 retired or ageing thermal power plant sites across multiple states for potential conversion into nuclear power plants. This marks a preliminary step in a larger plan to scale up nuclear capacity by repurposing existing infrastructure. According to The Economic Times, the shortlisted sites include the Wanakbori thermal power plant…
Solarium commissions 1 GW solar module plant in Gujarat
Solarium Green Energy Limited has commissioned a 1 GW solar module manufacturing facility in Ahmedabad, Gujarat. The company confirmed in a regulatory filing dated March 18, 2026 that the plant, located at Survey No. 508/1 & 508/2 in Village Miroli, is ready for commercial production. Capacity and technology The facility has been developed as part…
NCLAT sets aside insolvency proceedings against Vikram Solar
The National Company Law Appellate Tribunal (NCLAT) has set aside the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited, overturning an earlier order of the National Company Law Tribunal (NCLT), Kolkata Bench. The appellate tribunal’s order, dated June 29, 2026, effectively terminates the insolvency proceedings initiated against the solar module manufacturer. Background of…
Europe’s wind power growth falls short of 2030 targets
Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to meet the EU’s 2030 climate and energy goals. Wind power currently provides 20% of Europe’s electricity. The EU…
Neuron Energy commissions 5 GWh BESS plant in Maharashtra
Neuron Energy has commissioned a containerised battery energy storage system (BESS) manufacturing facility in Talegaon, Maharashtra, marking its entry into the grid-scale energy storage segment. The facility spans seven acres and has been developed with an investment of Rs 100 crore. It is designed as a fully automated, robotic production unit with an annual manufacturing…
