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ACEN India secures Rs 7,517 million financing for 100 MW wind project
ACEN India has achieved financial closure for its 100 MW wind power project in Bijapur, securing long-term project financing of Rs 7,517 million (approximately $90 million) from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation. The project is now set to move into the construction phase, with commissioning targeted for 2027. The project has…
Husk Power to raise $400m for expansion in India, Africa
Husk Power Systems plans to raise $400 million in debt and equity in 2025 to expand its mini-grid operations across India and Africa. This capital raise, a mix of equity and debt, precedes a planned initial public offering (IPO) in 2027. The company more than doubled its staff and revenue in 2024, while increasing its…
NISE launches renewable energy start-up incubation programme
On June 27, 2025, the National Institute of Solar Energy (NISE), in partnership with the National Solar Energy Federation of India (NSEFI) and AIC IIT Delhi, launched a Call for Proposals to support start-ups in the renewable energy sector. The programme targets technologies in solar, green hydrogen, energy storage, AI/ML in energy, smart grids, and…
Constellation Energy orders $100m transformer for Three Mile Island reactor revival
Constellation Energy has placed a $100 million order for a main power transformer, marking a critical step in the revival of the Three Mile Island nuclear reactor in Pennsylvania, according to Reuters. The transformer is the largest single piece of equipment needed for the reactor’s restart. Constellation has committed to investing $1.6 billion by 2028…
Maharashtra approves Mahagenco-SJVN JV for 5,000 MW renewable projects
The Maharashtra cabinet has cleared the creation of a joint venture (JV) between Maharashtra State Power Generation Company Limited (Mahagenco) and SJVN Limited to develop 5,000 megawatts (MW) of renewable energy capacity. Under the agreement, SJVN will hold 51 percent equity and Mahagenco 49 percent. The projects will cover pumped storage hydro, solar-wind hybrid systems,…
WattPower partners with Solarium to boost solar rollout in MP and Maharashtra
WattPower has signed a strategic agreement with Solarium Green Energy Limited to expand solar deployment in Madhya Pradesh and Maharashtra. The collaboration focuses on supporting the central government’s Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme by advancing decentralised solar electrification in rural areas. Under the agreement, Solarium has been named WattPower’s Value Added Partner….
