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ADB approves USD 241.3 million for electricity distribution in West Bengal
The Asian Development Bank (ADB) has approved a USD 241.3 million financing package to enhance electricity distribution in West Bengal, ensuring a reliable and sustainable power supply. This program aligns with the revamped distribution sector scheme (RDSS) to strengthen operational efficiency in power distribution companies. The West Bengal Distribution System Strengthening Program will cover seven…
RWE acquires majority stake in R3 Renewables
German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners. The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25%…
SAEL and Shakti Pumps announce new solar manufacturing investments
SAEL Industries Limited and Shakti Pumps (India) Limited have separately announced new investments aimed at expanding domestic solar manufacturing capacity, with a focus on meeting future demand and aligning with domestic content requirement (DCR) norms. SAEL Industries, through its subsidiary SAEL Solar P6 Private Limited, plans to set up an integrated solar manufacturing facility in…
Adani Green incorporates UAE subsidiary AREMEL
Adani Green Energy Limited has expanded its international presence with the incorporation of a wholly owned subsidiary, Adani Renewable Energy Middle East Ltd (AREMEL), established in the United Arab Emirates (UAE) on February 25, 2026. The entity has been incorporated in the UAE with an authorised capital of AED 10,000. AREMEL will undertake power generation…
Jakson Green achieves milestone for methanol production for NTPC
Jakson Green, in collaboration with NTPC, has synthesized methanol from carbon dioxide captured at NTPC’s Vindhyachal Thermal Power Plant in Madhya Pradesh. The project, led by NTPC’s R&D unit, NETRA, captures CO2 directly from flue gas emissions and converts it into methanol, a clean fuel for power generation and transportation. This achievement marks the first…
Orb Energy commissions 800 kW rooftop solar system at Esteem Industries
Orb Energy has installed an 800-kW rooftop solar system at Esteem Industries in Alonde, Wada, Maharashtra. The system is set to generate over 1 million units of electricity annually, meeting approximately 80% of Esteem Industries’ daytime electricity needs and reducing carbon emissions by around 1,000 tonnes per year. The installation is expected to produce around…
