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Bhutan’s DGPC ties up with Indian firm for solar and hydro projects
Druk Green Power Corporation (DGPC), Bhutan’s state owned renewable energy utility, has signed a Memorandum of Understanding (MoU) with Kolkata based Carbon Resources Private Limited (CRPL) to jointly develop new solar and hydropower projects in the country. The partnership signals faster progress in Bhutan’s renewable energy expansion plans. The MoU was signed in the presence…
Waaree Energies incorporates new IPP subsidiary
Waaree Energies Limited has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about the incorporation of a new step down subsidiary, Eco Flux Renewables Private Limited. According to the regulatory filing dated 15 December 2025, the Certificate of Incorporation for Eco Flux Renewables Private Limited was received on the…
Tata Power and ONGC sign MoU to explore BESS
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the Battery Energy Storage System (BESS) sector. The MoU was signed at India Energy Week 2025 in the presence of Union…
Vikran Engineering closes Rs 49 crore Onix loan, acquires NOPL Solar
Vikran Engineering Limited has closed a Rs 49.15 crore loan arrangement extended to Onix Renewable Limited following execution of a Composite Amendment and Supplement Agreement on May 20, 2026. The company disclosed the development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR)…
WBERC clears WBSETCL capex for JSW Salboni transmission link
The West Bengal Electricity Regulatory Commission (WBERC) has granted in principle approval for capital expenditure of Rs 49,600.04 lakh, about Rs 496 crore, to West Bengal State Electricity Transmission Company Limited (WBSETCL) for transmission schemes linked to the upcoming JSW Salboni Thermal Power Plant. The order, dated April 2, 2026, covers the first phase of…
Renewable energy projects face up to 12-month delay in signing of PPAs
India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between…
