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Battery storage costs decline sharply as policy support expands
The cost of battery energy storage systems discovered through competitive bidding has fallen steeply over the past two years, supported by viability gap funding schemes and transmission charge waivers, according to information presented in Parliament. The cost of Battery Energy Storage System (BESS) capacity discovered through tariff based competitive bidding during 2022 to 2023 was…
Waaree adds 1.5 GW module capacity at Samakhiali
Waaree Energies Limited has reported that its wholly owned subsidiary, Sangam Solar One Private Limited, has started operations at a new solar module manufacturing facility in Samakhiali, Kutch, Gujarat. The plant has an annual production capacity of 1,500 MW through two lines of 750 MW each. The company stated that the facility began operations on…
Envision Energy secures record wind contract in the Philippines
Envision Energy has signed a 344.5MW wind turbine supply agreement for the Quezon North Wind project, making it the Philippines’ largest single wind power contract. ACEN, the Ayala Group’s renewable energy platform, awarded it. The Quezon North Wind project will be the largest onshore wind initiative in the Philippines. It marks the second collaboration between…
Bondada Engineering sets up GreenBond RE Park to expand in renewables
Bondada Engineering Limited has incorporated a new wholly owned subsidiary, GreenBond RE Park Private Limited, to strengthen its presence in the renewable energy sector. The new entity was registered on June 24, 2025, with the Ministry of Corporate Affairs (MCA). It has an authorised and paid-up capital of Rs 100 million.  GreenBond RE Park will…
Maharashtra signs MoUs worth Rs 15,600 crore for renewable energy projects
The Maharashtra government has signed a series of investment agreements to strengthen its renewable energy and digital infrastructure sectors. A key highlight is the commitment of Rs 15,600 crore towards solar manufacturing. Jupiter International will invest Rs 10,900 crore to set up facilities for solar wafer, cell, and module production at Butibori in Nagpur district….
REC sanctions Rs 7,500 crore for Brookfield’s hybrid project
REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector project. The project, undertaken through Evren, a clean energy platform formed by Brookfield and Axis…
