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ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth
ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenues across its operating segments….
Waaree solar cells added to MNRE ALMM List II
Waaree Energies announced that its solar photovoltaic cells have been included in the Ministry of New and Renewable Energy (MNRE) Approved List of Models and Manufacturers List II (ALMM List II) for solar photovoltaic cells. The inclusion was notified under the third revision of ALMM List II issued on 15 December 2025. According to the…
Centre prepares rules for private sector entry into nuclear power projects
The Indian government is working on a legal framework to enable private participation in nuclear power generation. Opening the sector to private companies would require amendments to key legislations, including the Atomic Energy Act and the Civil Liability for Nuclear Damage Act. Both laws were originally drafted to support only public sector-led development. Currently, nuclear…
ACME signs PPA with SECI for 300 MW solar-plus-storage project
ACME Sikar Solar Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Private Limited, signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on June 25, 2025. The agreement covers a 300 MW solar power project with energy storage in Bikaner, Rajasthan, developed under SECI’s scheme. The Tranche-XVIII auction was launched…
EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power…
Navitas Solar to invest Rs 1,500 crore in 3.6 GW solar cell plant
Navitas Solar has announced plans to invest around Rs 1,500 crore to establish a 3.6 GW solar cell manufacturing facility and a pilot wafer-and-ingot production line at its Ankleshwar campus in Gujarat. The project marks the company’s entry into solar cell manufacturing and expands its presence across the solar value chain. The expansion will be…
