NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited through NTPC Green Energy Limited, has commenced commercial operation of the second part capacity of its 200 MW Sadla Solar PV Project in Gujarat.
The additional 25 MW capacity became operational on January 17, 2025. Earlier, the first part capacity of 37.5 MW was commissioned on December 21, 2024.
Maharashtra State Electricity Distribution Company Ltd (MSEDCL) plans to launch its initial public offering (IPO) by December 2026 after carving out its agricultural load into a separate entity from April 1, 2026, Managing Director (MD) Lokesh Chandra said. The move aims to improve the discom’s balance sheet, which carries unpaid arrears of Rs 96,000 crore….
Hero Future Energies (HFE), through its special purpose vehicle Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 1,908 crore in funding from the State Bank of India (SBI) and Canara Bank to develop a 120 MW hybrid renewable energy project in Kurnool, Andhra Pradesh. The project, contracted with SJVN, will integrate wind, solar,…
Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the…
BlackSoil has announced the acquisition of the solar financing business of Credit Fair, a B2B2C green energy financing platform focused on rooftop solar. The transaction, which is subject to necessary approvals, marks BlackSoil’s entry into India’s renewable energy financing sector. The acquisition includes Credit Fair’s solar financing business, management team, technology platform, brand and operating…
Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with…
Alpex Solar Private Limited has secured a contract worth Rs 3,805.2 million for the supply of high-efficiency solar modules for a large-scale solar power project in India. The contract was awarded on April 23, 2025. The modules are scheduled to be delivered by March 2026. Alpex Solar manufactures photovoltaic (PV) modules using both monocrystalline and…