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IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance
The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion. This anticipated growth could rival the economic scale of the global oil market, marking a…
EIB backs Bay of Biscay power link with €1.6bn investment
The European Investment Bank (EIB) has committed €1.6 billion (around $1 billion) to the Bay of Biscay electricity interconnection project, which will significantly expand electricity exchange between Spain and France. Led by Inelfe—a joint venture of Spain’s Red Eléctrica and France’s Réseau Transport d’Électricité—the project involves building a submarine direct current line between the two…
Transrail sees strong T&D growth backed by Rs 16,361 crore order book
Transrail Lighting Limited has outlined its growth plans for the power transmission and distribution (T&D) segment, which contributes around 90% of the company’s total revenue. During its earnings call held on May 27, 2026, the company projected revenue growth of 20% to 22% for FY27, supported by an unexecuted order book of approximately Rs 16,361…
Maharashtra clears MSEDCL split, Mahavitaran IPO plan
The Maharashtra state cabinet has approved a restructuring of Maharashtra State Electricity Distribution Company Limited (MSEDCL), paving the way for its bifurcation and a planned stock market listing. The move positions the utility to potentially become the first state-owned power distribution company in India to go public. Under the plan, MSEDCL will be divided into…
Hindustan Power secures SECI contract for solar and storage project
Hindustan Power has won a contract from the Solar Energy Corporation of India for a solar and battery energy storage system project with a contracted capacity of 150 MW. The award was made through SECI’s competitive bidding process. The project will combine about 300 MWp of solar photovoltaic capacity with a 300 MWh BESS. The…
ACME Solar commissions BESS phases in Bikaner and Jaisalmer
ACME Solar Holdings Limited (ASHL) has commissioned new phases of its Battery Energy Storage System (BESS) projects at two locations in Rajasthan, with both achieving commercial operation date (COD) on March 25, 2026. At Bikaner, ASHL commissioned the first phase of 60 MW / 269.606 MWh through its wholly owned subsidiary ACME Surya Power Private…
