Prime Minister Narendra Modi has announced that the government will open the nuclear power sector to private participation. The proposal will be introduced through the Atomic Energy Bill, 2025, which is scheduled for the coming winter session of Parliament. The reform is positioned as a step to improve long-term energy security. In a video message,…
Navitas Solar has received an investment of Rs 404.8 million from Parishi Capital to expand its solar module manufacturing facility in Ahmedabad, Gujarat. The funding was completed in two tranches, with the first round raised in 2023. The investment will support capacity expansion from 1.7 gigawatts (GW) to 2.5 GW. A third round of funding…
Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an…