Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan.
The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program,…
Over 35 GW of renewable energy capacity in India faces a high risk of grid curtailment in the upcoming fiscal year, according to an analysis by Crisil Ratings. The issue stems from a mismatch between rapid additions in solar and wind capacity and slower progress in interstate transmission system (ISTS) development. Access risk The report…
Power Finance Corporation Limited (PFC) and REC Limited have informed the stock exchanges that they are proceeding with a proposed merger after the PFC board granted in-principle approval on February 6, 2026. In a joint filing dated February 12, 2026, the two state-owned non-banking financial companies (NBFCs) set out the rationale, structural aspects, and expected…
Sunsure Energy has signed a 15-year battery energy discharge purchase agreement with NTPC Vidyut Vyapar Nigam Limited (NVVN) for a capacity of 125 MW/500 MWh. Under the arrangement, the company will establish a standalone battery energy storage system (BESS) at the Garautha substation in Jhansi, Uttar Pradesh, on a build, own, operate basis. The agreement…
Global energy investment is set to reach USD 3.3 trillion in 2025, up 2% from 2024, according to a report from the International Energy Agency (IEA), World Energy Investment 2025. Around USD 2.2 trillion will go to clean energy, double the USD 1.1 trillion set for fossil fuels. China, Europe, the US, and India drove…
Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion. KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.