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Karnataka signs MoU with Paschim Renewables for 30 MW solar project
The Government of Karnataka (GoK) has signed a Memorandum of Understanding (MoU) with Paschim Renewables Private Limited (PRPL) to develop a 30 MW solar power project in Raichur district. The project, expected to be completed in 2025, will require an investment of around Rs 1.5 billion and is projected to generate approximately 45 million units…
ADB commits $5 billion for ASEAN Power Grid
Asian Development Bank (ADB) has committed to mobilise $30 billion for the Association of Southeast Asian Nations (ASEAN) by 2030, including $5 billion dedicated to accelerating development of the ASEAN Power Grid. ADB President Masato Kanda announced the commitment during the 48th ASEAN Summit held in Cebu on May 8, 2026, where he participated as…
India | Generation | NewsHimachal signs agreements for 19 hydropower projects worth Rs 3,336 crore
The Himachal Pradesh government has signed implementation agreements for 19 hydropower projects with a combined capacity of 278 MW during the current year. The projects represent an estimated investment of approximately Rs 3,336 crore and form part of the state’s efforts to accelerate hydropower development. The projects include the 9 MW Soyal Dashal, 6 MW…
Matrix Renewables signs contract with Tesla for 500 MW BESS in the UK
On 22 December 2025, Matrix Renewables said it had signed a full Engineering, Procurement, and Construction (EPC) agreement with Tesla for a standalone battery energy storage system. The project has a capacity of 500 MW with a two hour duration, equivalent to 1 GWh, and is located in Eccles, Scotland. This is Matrix Renewables’ first…
ACME Solar secures 50 MW FDRE project in Tata Power-D auction
ACME Solar Holdings Ltd has received a letter of award for developing a 50 MW firm and dispatchable renewable energy (FDRE) project at a tariff of Rs 4.43 per unit. The award came under Tata Power Company Limited’s 250 MW FDRE tender conducted by its distribution arm Tata Power-D. The FDRE tender was carried out…
DOE closes loan guarantee for Montana Renewables’ biofuels expansion
The Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a $1.67 billion loan guarantee to Montana Renewables, LLC (MRL), including $1.44 billion in principal and $233 million in capitalized interest. The loan will support the expansion of MRL’s renewable fuels facility in Montana, which produces sustainable aviation fuel (SAF), renewable diesel, and renewable…
