Power Sector News Roundup for August 1, 2025

Author: PPD Team Date: September 12, 2025 Global: Eco Wave Power launches first onshore wave energy project in US India: Inox Neo Energies to acquire 640 MW wind-solar hybrid from Evergreen IREDA raises Rs 4.53 billion through second perpetual bond issue SnapE Cabs raises $2.5 million funding for EV expansion Kalpataru Projects secures Rs 27.2 billion orders Prostarm sets up SPV for 150 MW/300 MWh BESS project in Karnataka Rajesh Power wins contract for underground…

Author: PPD Team Date: September 3, 2025 Global: Finland commissions world’s largest sand battery for thermal storage India: Kerala explores thorium-based power, rules out conventional nuclear option IGL forms JV with RVUNL to set up solar project in Rajasthan GH2 Solar and AHES to set up electrolyzer plant in Madhya Pradesh Tata Power Odisha discoms launch 1 kW rooftop solar scheme Adani Green operationalises 125 MW solar project at Khavda NTPC Green brings 25 MW…

Author: PPD Team Date: June 26, 2025 Global: DGPC signs MoU with B.Grimm to develop renewable energy in Bhutan India: Servotech and Solarium secure rooftop solar contracts India opens EV manufacturing scheme portal to attract global players Adani to invest up to USD 20 billion yearly for 100 GW by 2030 L&T raises Rs 5 billion via India’s first ESG bonds, wins USD 50 million contract Maharashtra to cut electricity tariffs by 26% over five…

Author: PPD Team Date: November 12, 2025 India ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth ReNew Energy reported a 5.3% year-on-year decline in consolidated net profit to Rs 467.5 crore for Q2 FY26, compared to Rs 493.9 crore a year earlier, even as total income increased to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenue across segments. The company’s solar module and cell manufacturing business…

Author: PPD Team Date: July 3, 2025 India: NTPC REL commissions over 97 MW solar capacity in Khavda park Toyota Tsusho and CleanMax to jointly develop 300 MW RE project SGEL begins operations of 100.25 MW solar capacity in Bikaner EAC reviews hydro and pumped storage projects worth over Rs 37.5 billion NHPC starts operations of 53.57 MW solar capacity in Bikaner Solex Green secures solar contracts for 24.1 MW World Bank may fund Rs…