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EIB grants €225 million loan for Prologis solar energy project
The European Investment Bank (EIB) has approved a €225 million framework loan to Prologis to support its initiative to generate electricity from low-carbon sources. The project involves installing rooftop solar panels and battery storage systems at Prologis logistics centers across Western and Central Europe, including Germany, Belgium, Italy, France, Spain, the Netherlands, and Poland. The…
EnBW to install 100MW battery storage system in Marbach, Germany
Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project…
NHPC net profit falls 14.68% to Rs 34.12 billion in FY25
NHPC Limited reported a standalone net profit of Rs 34.12 billion in 2024-25, down 14.68% from Rs 39.99 billion in the previous year. The decline was partly due to one-time provisions and arbitration-related expenses. Total income rose 6.69% to Rs 117.29 billion, up from Rs 109.94 billion in 2023-24. Revenue from operations stood at Rs…
GVK Power lists potential bidders for energy and related assets under CIRP
GVK Power and Infrastructure Limited, which is undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a provisional list of prospective resolution applicants for its assets, categorised into five groups, according to a filing with the stock exchanges. The categories include the corporate debtor as a going concern, its full ownership in GVK Perambalur SEZ…
Maharashtra clears Rs 12,303 crore MAGESTIC clean energy programme
The Maharashtra government has approved a Rs 12,303 crore clean energy programme to expand renewable power, strengthen grid infrastructure, and improve long-term energy security. The decision was taken at a state cabinet meeting chaired by Chief Minister Devendra Fadnavis. The programme, titled Maharashtra: Accelerating Green Energy and Storage Technologies Integration in Connected Grid (MAGESTIC), targets…
SAEL commissions 50 MW solar project in Maharashtra
SAEL Industries Limited has commissioned a 50 MW ground-mounted solar power plant in Beed, Maharashtra, through its subsidiary Solar RE Power. The project features bifacial TOPCon modules and is backed by a 25-year power purchase agreement with the Maharashtra State Electricity Distribution Company Limited. It is expected to generate over 100 million kilowatt-hours of clean…
