Spain is set to become a leader in renewable energy with the construction of the continent’s largest pumped storage power plant. Managed by Iberdrola, the Conso II project will be located in Ourense, Galicia, and will involve an investment of over 1.5 billion euros. The Conso II facility will feature an innovative design that connects…
Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount…
The Electricity Department of Goa is planning to develop three new substations at Verna, Tuem, and Kundaim over the next five years. The estimated investment across these projects is Rs 11 billion. The substations are expected to be built at a cost of Rs 4 billion each in Verna and Tuem, and Rs 3 billion…
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Davanagere Power Transmission Limited (DPTL). POWERGRID was declared the successful bidder for the “Transmission system strengthening at Davanagere for integration of renewable energy generation” project under the TBCB route. The company received the Letter of Intent on 27 August 2025.  The acquisition of…
Sterling and Wilson Renewable Energy Limited has reported major new orders and a strategic partnership with Adani Green Energy Limited. The company shared the update through a press release on 01 December 2025 and said the development strengthens its position in India’s renewable energy EPC market. SWREL stated that it has received orders worth about…
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has appointed Smt. Sushuma Kumari as Chief General Manager (CGM), RE-Asset Management Group, with effect from June 30, 2026. The position is one level below the Chief Executive Officer, making her part of the company’s senior management. According to the company, Sushuma Kumari has more…