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MNRE releases national policy on geothermal energy
The Ministry of New and Renewable Energy (MNRE) on 15 September 2025 issued the National Policy on Geothermal Energy to guide exploration, development, and deployment of geothermal resources in the country. The vision is to establish geothermal energy as a central part of India’s renewable portfolio. The policy outlines goals to expand research, improve exploration…
Statera Energy acquires 680 MW BESS project in UK
Statera Energy has acquired a 680 MW battery energy storage system (BESS) project at Trafford Low Carbon Energy Park in Greater Manchester, known as Carrington Storage. The project is expected to be fully energised by 2026 and will be more than twice the size of Statera’s upcoming 300 MW Thurrock Storage project. Carrington Storage will…
DSSL to set up 1,800 MW solar module plant in Maharashtra
Dynamic Services and Security Limited (DSSL) has secured an order from the Maharashtra government to establish a 1,800 MW solar module manufacturing facility in MIDC Villebhagad, Tal-Mangaon, Raigad district. The project, involving an investment of Rs 10.8 billion, falls under the Maharashtra Package Scheme of Incentives (PSI) 2019, which promotes industrial growth in underdeveloped regions…
BlackRock trims stake in PTC India via open market sale
BlackRock, Inc. has marginally reduced its shareholding in PTC India Limited through an open market transaction, according to a regulatory disclosure. In filings submitted to the Bombay Stock Exchange and the National Stock Exchange on April 29, 2026, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, BlackRock, acting on behalf of its…
NHPC to invest Rs 840 billion in 20 GW pumped storage project
NHPC Ltd, a state-owned hydropower company, has announced a major investment of Rs 840 billion to develop 20 GW of pumped storage capacity. This project is part of a larger capital expenditure plan estimated at Rs 12,000 billion, with most investments to be made through joint ventures (JVs). Currently, NHPC has an installed capacity of…
India signs MoU with IEA for critical minerals cooperation
The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The…
