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Saatvik Solar wins Rs 2.99 billion domestic solar module orders
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has secured domestic orders worth approximately Rs 2.99 billion for the supply of solar photovoltaic modules. The contracts were awarded by three independent power producers (IPPs) and engineering, procurement, and construction (EPC) companies. Deliveries are scheduled between December 2025 and March 2026….
MNRE revises CFA guidelines under PM-Surya Ghar Yojana
The Ministry of New and Renewable Energy (MNRE) has amended guidelines for central financial assistance (CFA) under the PM-Surya Ghar: Muft Bijli Yojana. The changes apply to residential rooftop solar installations. State and union territory governments can now provide an additional subsidy over the CFA given by the central government. Under the revised structure: Residential…
Ireland launches National Offshore Renewable Energy Plan
Ireland’s Ministery for Climate, Environment, and Energy has launched the National Offshore Renewable Energy (ORE) Designated Maritime Area Plan (DMAP) as part of the country’s efforts to reach at least 5 GW of offshore wind capacity and 80% renewable electricity by 2030. The DMAP aims to support Ireland’s decarbonisation goals and will contribute to the…
REC signs loan agreement for Pakal Dul Hydro Electric Project
REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The loan will be used to fund the development, construction, and operation of the project, including part funding of the…
SWELECT enters Kerala with 26.6 MWp solar asset acquisition
Swelect Energy Systems Limited has expanded its renewable energy portfolio in Kerala through the acquisition of a 26.6 MWp solar independent power producer (IPP) asset, marking its first group captive project in the state. The acquisition includes U Solar 4 Asset Co. along with its associated power purchase agreement (PPA). The company said the transaction…
India and Denmark renew energy cooperation MoU
India and Denmark have signed a renewed Memorandum of Understanding (MoU) to strengthen their partnership on clean energy. This move builds on five years of collaboration and supports India’s goal of achieving net-zero emissions by 2070. The original MoU, signed on June 5, 2020, was set to end in 2025. By renewing it early, both…
