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Three firms secure bids for solar projects under GUVNL Phase XXVI
Three firms have won bids to develop a cumulative 250 MW grid-connected solar photovoltaic (PV) power projects without energy storage system (ESS) anywhere in India. The bids were awarded under Phase XXVI of Gujarat Urja Vikas Nigam Limited (GUVNL) on March 6, 2025. Avaada Energy Private Limited (Avaada Power Private Limited) secured a 100 MW…
IREDA arm sanctions first overseas green energy loan
Indian Renewable Energy Development Agency Limited (IREDA) has announced that its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has sanctioned its first international green energy loan. The $22.5 million facility will support a 100 MW photovoltaic solar power project in Serenje District, Zambia. IREDA informed the stock exchanges through a regulatory…
IEX records 17.7% rise in November power trade and IGX clears IPO move
Indian Energy Exchange Limited reported a 17.7 per cent year-on-year rise in electricity trading volumes in November 2025, with total transactions reaching 11,409 MU. The company also confirmed that Indian Gas Exchange Limited has secured board approval to begin its IPO process. IEX saw varied performance across its market segments. The Day Ahead Market recorded…
PVV Infra expands clean energy project to Rs 1,250 crore
PVV Infra Limited has entered into a technology collaboration with ITC Services Company Limited, Taiwan, raising the value of its integrated clean energy manufacturing project in Andhra Pradesh to approximately Rs 1,250 crore. The company’s board approved a Memorandum of Understanding (MoU) with ITC Services Company Limited covering consultancy, customization and technology transfer for high-efficiency…
SWELECT Energy commissions 10 MW solar plant in Tamil Nadu
ESG Green Energy Private Limited, a subsidiary of SWELECT Energy Systems Limited, has commissioned a 10 MW solar power plant in Tiruvannamalai district, Tamil Nadu. The project, located at Nedumpirai Village in Cheyyar Taluk, was formally commissioned on August 24, 2026. The plant is interfaced at the 33 kV level with a 110/33 kV pooling…
Power Mech wins 13.66 MW solar contracts in Bihar
Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically…
