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India leads in clean-tech funding, surpassing China in Q3 2024
India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total. This marks the second-highest funding globally, following the US. About a quarter of seed-stage investments in climate-related startups are now directed towards India. However, challenges remain, as the country…
I Squared Capital launches $1 billion India transmission platform
I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…
IndiGrid completes Gujarat BESS acquisition for Rs 573 crore
IndiGrid Infrastructure Trust has completed the acquisition of Gujarat Battery Energy Storage System (BESS) Private Limited from British International Investment PLC (BII) and Norfund, which invested through its vehicle KNI India AS. The transaction was executed at an enterprise value of approximately Rs 573 crore, subject to closing adjustments under the definitive agreements. The project…
PNC Infratech secures 300 MW solar plus storage project in NHPC auction
PNC Infratech Ltd has been selected as one of the lowest (L1) bidders in NHPC’s Tranche-XI auction to develop an interstate transmission system (ISTS)-connected solar power project with integrated energy storage. The company secured 300 MW of solar capacity and 150 MW/600 MWh of energy storage, quoting a tariff of Rs 3.13 per kWh. The…
India | Generation | NewsEAC backs FGD exemptions for two thermal power plants
The Expert Appraisal Committee (EAC) for Thermal Power projects has recommended exemptions from mandatory Flue Gas Desulphurization (FGD) installation for two thermal power plants, while deferring similar requests from two others due to environmental compliance issues. The reviews were conducted under the Ministry of Environment, Forest and Climate Change’s July 2025 notification, which permits reassessment…
Octopus Energy and Skyborn prequalified for French offshore wind tender
Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm…
