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IGREL Renewables raises Rs 3 billion, targets 2 GW renewable capacity by FY27
IGREL Renewables, the IPP platform of INOXGFL Group, has secured Rs 3 billion in equity funding from prominent investors. The company aims to reach 2 GW of installed renewable capacity, focusing on wind and solar energy, by FY27. With a planned investment of Rs 12 billion over the next three years, IGREL is positioning itself as a leading C&I renewable power generation platform. The company has already secured power purchase agreements and letters of intent…
CERC moves forward with NERES XVI transmission licence approval
The Central Electricity Regulatory Commission (CERC) has reviewed the petition by NERES XVI Power Transmission Ltd for granting an interstate transmission licence. In its order, CERC found that NERES XVI meets all necessary conditions for the licence. The commission has directed NERES XVI to issue a public notice seeking comments and suggestions regarding the licence grant. NERES XVI Power Transmission Ltd, a wholly-owned subsidiary of Techno Electric Engineering Company Ltd, was awarded the “Transmission Scheme…
IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects
India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced a partnership with British International…
Indian Oil and EverEnviro form JV for CBG production
Indian Oil Corporation (IOCL) has partnered with EverEnviro Resource Management to establish a joint venture (JV) focused on converting organic waste into compressed biogas (CBG). The two companies will share equal ownership in the JV, which will integrate advanced biogas technologies to promote biofuels and support the national deployment of CBG plants. This initiative aligns with IOCL’s long-term low-carbon strategy and its goal of achieving operational net-zero emissions by 2046. In addition to the CBG…
Envision secures 116 MW turbine order from Blueleaf for Madhya Pradesh project
Envision Wind Power Technologies India has secured a 116 MW wind turbine supply order from Blueleaf Energy for a co-located wind-solar hybrid power project in Madhya Pradesh. The project, set to begin construction in 2024 and complete by 2025, supports India’s renewable energy goals. The agreement involves the supply of EN-156 3.3 MW turbines. The project, part of Blueleaf Energy’s goal to deploy over 5 GW of renewable capacity in India by 2030, aims to…
Masdar, EMSTEEL complete MENA’s first green hydrogen steel pilot project
Masdar and UAE steelmaker EMSTEEL have announced the successful completion of a pilot project using green hydrogen to produce low-carbon steel at EMSTEEL’s Abu Dhabi facility. The project employs green hydrogen to reduce iron ore in the steelmaking process, a method that can lower carbon dioxide (CO₂) emissions by up to 95%. Now fully operational, the renewable hydrogen produced has been certified by Advance Labs per ISO 19870 standards for hydrogen, established during COP28. Additionally,…