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Evren receives USD 100 million from ALTÉRRA for 11 GW renewables in India

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Evren has received a USD 100 million investment from ALTÉRRA to develop around 11 GW of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh. The investment will support the development and construction of these large-scale renewable energy assets. This is ALTÉRRA’s first direct investment in the Global South. The funding comes through the ALTÉRRA acceleration fund, in partnership with the Brookfield Global Transition Fund II and other investors. It supports India’s goal…

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Jupiter International secures Rs 5 billion to boost solar manufacturing

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Jupiter International Limited has raised Rs 5 billion from ValueQuest SCALE Fund and its affiliates to expand its solar manufacturing business. This is the second round of investment from ValueQuest in the company. The funds, combined with internal accruals, will go toward an ongoing capital expenditure program. The goal is to increase production capacity to 5.6 GW for solar cells and 2.4 GW for solar modules. Jupiter aims to become a key player across the…

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Madhya Pradesh secures MoUs for RE projects at Global Investors Summit

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Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four Square Green Energy Private Limited signed an MoU worth Rs 50.05 billion for solar, wind, and BESS projects. OPG Power…

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Telawne Power receives investment from Ramesh Jaisinghani and Mastermind JPIN

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Telawne Power Equipments Pvt Ltd secured a Rs 200 million equity infusion to accelerate growth and technological innovation. The investment came from Ramesh Jaisinghani, Promoter of Polycab India Ltd, through his family office Vyom, and Mastermind JPIN. Both investors contributed Rs 100 million each. Managing Director Rakesh Telawne highlighted that this partnership strengthens the company’s financial position and supports its vision of adopting advanced technologies in the transformer manufacturing industry. Director Aboli Telawne added that…

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Odisha approves 7 renewable energy projects worth Rs 13.86 billion

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The Odisha government has approved seven renewable energy projects with a combined investment of Rs 13.86 billion to enhance the state’s sustainable energy infrastructure.  The projects, totaling 192.41 MW in capacity, include a 99 MW wind power project, five ground-mounted solar projects totaling 91.77 MW, and a 1.64 MW rooftop solar project.  These initiatives align with the Odisha Renewable Energy Policy 2022, which aims to leverage the state’s natural resources for clean energy generation.

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Rajasthan signs agreement with BrightKnight for wind-solar hybrid projects

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The Government of Rajasthan (GoR) has signed an agreement with BrightKnight to establish wind-solar hybrid power projects in the state.  As part of the agreement, BrightKnight has committed to investing Rs 150 billion to set up over 2,000 MW of wind-solar hybrid capacity in Rajasthan.

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Tata Power to invest Rs 1.46 trillion to double capacity by 2030

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Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha.  As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from renewable energy. The company also focuses on expanding its transmission and distribution segments. Tata Power plans to increase its transmission…

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India leads in clean-tech funding, surpassing China in Q3 2024

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India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total.  This marks the second-highest funding globally, following the US.  About a quarter of seed-stage investments in climate-related startups are now directed towards India.  However, challenges remain, as the country needs significantly more capital to meet long-term climate goals.  Despite this, the market is expected to boom as more solutions…

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Serentica Renewables to invest Rs 500 billion in renewable energy in Rajasthan

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Serentica Renewables plans to invest Rs 500 billion to develop 10,000 MW of renewable energy capacity in Rajasthan, as part of its efforts to position the state as a renewable energy hub.  This investment aligns with the company’s participation in Rising Rajasthan 2024.  Currently, Serentica has 3,000 MWp of renewable energy under construction in the state, focused on serving India’s commercial and industrial sectors, with over 400 MWp already operational.  The company aims to use…

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UK seeks new investors for Sizewell C nuclear project

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The UK government is exploring new investor interest for the Sizewell C nuclear plant, as negotiations continue to secure funding for the project.  These discussions come at a crucial time, with the UK aiming to modernise its power infrastructure by 2030.  However, the project’s funding timeline has been delayed, with a final investment decision now expected no earlier than spring 2025, pushing back the initial target of a 2024 decision. Securing investors for Sizewell C…