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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…
Google signs offshore wind PPA with CIP in Taiwan
Google has signed a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) in Taiwan. Under the terms of the agreement, Google will buy renewable energy from the Fengmiao I offshore wind project, which is set to become operational in 2027. Located off the coast of Taiwan, the Fengmiao I offshore wind project is the…
Uttar Pradesh records India’s highest-ever peak power demand
Uttar Pradesh has recorded the highest peak electricity demand ever achieved by any state in India, with demand reaching 32,348 MW at 10:47 PM on June 21, 2026. According to data released by the Uttar Pradesh State Load Dispatch Centre (UPSLDC), the new peak surpassed Maharashtra’s previous record of 32,317 MW recorded on May 13,…
Reliance, Sembcorp, ACME, BluPine win SJVN’s 1.5 GW storage auction
SJVN has awarded 1,500 MW/6,000 MWh of assured peak power capacity from its interstate transmission system (ISTS)-connected renewable energy projects with storage. The auction aimed to secure firm renewable power supply during peak hours. Reliance NU Energies and Sembcorp Green Infra emerged as key winners, securing 750 MW/3,000 MWh and 150 MW/600 MWh, respectively. Both…
European clean energy stocks fall amid Trump’s victory and policy concerns
European clean energy stocks declined sharply following Donald Trump’s US presidential election victory, triggering investor concerns over potential setbacks in US renewable energy support and climate policy. Trump has signaled intentions to halt offshore wind projects and undo several climate regulations established by Joe Biden, including the Paris Agreement and the Inflation Reduction Act’s clean…
REC incorporates SPV for Rajgarh–Neemuch transmission project
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has incorporated Rajgarh Neemuch Power Transmission Limited as a new special purpose vehicle (SPV) for an inter-state transmission project in Madhya Pradesh. The new SPV was registered on June 17, 2025. The project is titled “Transmission system for Evacuation of Power…
