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Waaree Energies to invest Rs 5.51 billion in 300 MW electrolyser and 3.5 GWh lithium-ion plant
Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project will be implemented under Waaree Clean Energy Solutions, a subsidiary of Waaree Energies, with a capital expenditure (CAPEX) of Rs 5.51 billion and an investment of…
Citicore partners with Trinasolar for solar module supply in Philippines
Citicore Renewable Energy Corporation (CREC) has entered into a contract with Trinasolar to procure 2 GW of Vertex N 720W solar modules. Under the contract, Trinasolar will supply its Vertex N 720W Series solar modules for CREC’s rollout of 2 GW solar capacity, aligning with the Philippines government’s renewable energy programs, including the Green Energy…
POWERGRID expands subsidiary merger plan to 28 SPVs
Power Grid Corporation of India Limited (POWERGRID) has approved an expanded consolidation of its subsidiaries, with 28 wholly owned subsidiaries to be merged into two existing wholly owned entities. The decision was taken at a board meeting on March 19, 2026, replacing an earlier, smaller proposal. The consolidation programme began in December 2025, when the…
Bondada secures Rs 470 crore solar BOS orders from Adani Group
Bondada Engineering Limited has received multiple orders aggregating to Rs 469.52 crore from the Adani Group for supply of goods and onsite services related to the Balance of System (BOS) package for a 250 MW solar power project at Khavda in Kutch, Gujarat. The orders have been awarded by Adani Green Energy Ltd and Adani…
Actis explores sale of Athena Renewable Energy platform
Global investor Actis is reportedly exploring a potential sale of its Indian renewable energy platform, Athena Renewable Energy, at a valuation of around Rs 3,000 crore, according to The Economic Times. The United Kingdom-based sustainable infrastructure investor has appointed Kotak Mahindra Capital as its financial advisor for the potential transaction. The 550 MW solar platform…
CERC proposes one-time exit for stranded RE transmission connectivity
The Central Electricity Regulatory Commission (CERC) has issued a draft order proposing a one-time mechanism to address inter-state transmission system connectivity granted to renewable energy projects that have not signed power purchase agreements (PPAs) within the stipulated period. The proposal aims to release blocked transmission capacity and reallocate it to projects ready for execution. The…
