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Toyota Tsusho and CleanMax to jointly develop 300 MW RE project

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Toyota Tsusho India Private Limited (TTIPL) and CleanMax Enviro Energy Solutions Private Limited have signed an agreement to jointly develop a 300 MW renewable energy (RE) project in India. The agreement was signed on June 30, 2025. The project will be executed by a joint venture (JV) formed between TTIPL and CleanMax and is scheduled for commissioning by March 2028. The JV aims to offer customised RE solutions, including rooftop solar installations, ground-mounted solar or…

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DSSL to set up 1,800 MW solar module plant in Maharashtra

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Dynamic Services and Security Limited (DSSL) has secured an order from the Maharashtra government to establish a 1,800 MW solar module manufacturing facility in MIDC Villebhagad, Tal-Mangaon, Raigad district.  The project, involving an investment of Rs 10.8 billion, falls under the Maharashtra Package Scheme of Incentives (PSI) 2019, which promotes industrial growth in underdeveloped regions through incentives. Projects with a minimum capital investment of Rs 10 billion under the PSI scheme are classified as mega…

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Refex Green Power establishes SPV for 100 MW solar project

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Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited. Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.  The project will operate under a 25-year power purchase agreement with NTPC.

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PM Surya Ghar scheme achieves 630,000 rooftop solar installations

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The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) has achieved 630,000 rooftop solar installations, averaging 70,000 installations per month. The initiative aims to surpass 1 million installations by March 2025 and reach 10 million by 2027. Key states such as Gujarat, Maharashtra, Kerala, and Uttar Pradesh have shown significant progress due to robust infrastructure and effective coordination. Early resolution of challenges like load enhancements and regulatory approvals has ensured smooth implementation. By November 2024, Rs…

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West Bengal invests Rs 24.5 billion in thermal plant upgrades and renewables

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The West Bengal government is investing Rs 24.5 billion to modernize three thermal power plants, Power Minister Aroop Biswas announced.  The Sagardighi plant upgrade will cost Rs 16.1 billion, Bandel Rs 6.5 billion, and Kolaghat Rs 1.9 billion. Plans include adding two 800 MW super-critical units at Sagardighi (1,600 MW total), a 660 MW unit at Bakreswar, and another 660 MW unit at Santaldih. Renewable energy projects include a 12.5 MW solar unit in Purulia…

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UJVN approves civil and H&M works for hydro project in Uttarakhand

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The Board of Directors of Uttarakhand Jal Vidyut Nigam Limited (UJVN) has approved civil and hydro-mechanical (H&M) works for the 120 MW Sirkari Bhyol-Rupsiabagar Hydro Electric Project.  The project, comprising three units of 40 MW each, will be developed on the Goriganga River in Munsiyari, Pithoragarh district, with an investment of Rs 8.79 billion. In addition, UJVN has sanctioned Renovation, Modernization, and Uprating (RMU) works for the 30 MW Kulhal Hydro Electric Project. The RMU…

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Sembcorp to build 300-MW wind-solar hybrid project for NTPC

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Singapore-based Sembcorp Industries has been awarded the contract to build, own, and operate a 300-MW wind-solar hybrid power project for NTPC, as part of NTPC’s 1.2-GW renewable energy bid.  The project will connect to India’s inter-state transmission system and is scheduled to commence commercial operations within 24 months. This project will boost Sembcorp’s renewable capacity in India to 5.4 GW. Globally, Sembcorp’s renewable energy capacity has reached 16 GW, including 49 MW from an acquisition…

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Apollo Green Energy targets Rs 100 billion project portfolio, IPO on horizon

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Apollo Green Energy Limited (AGEL), part of Apollo International Group, has announced plans to build a Rs 100 billion project portfolio by 2025.  Currently, its order book stands at Rs 35 billion, with active solar projects valued at Rs 25 billion under development across India. AGEL is preparing for a public listing in 2025 to support its expansion in renewable energy. The company reported significant revenue growth from Rs 3.25 billion in FY 2021-22 to…

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AVVNL invites bids for 269 MW solar projects under PM KUSUM

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Ajmer Vidyut Vitran Nigam Limited (AVVNL) has issued a bid invitation for 269 MW of grid-connected solar projects under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme. The submission deadline is set for November 29, 2024. This project includes the design, supply, installation, testing, commissioning, and a 25-year operations and maintenance plan, with provisions for connecting the systems to 33/11 kV substations.

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Waaree Energies secures 180 MWp solar module supply order

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Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India.  Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025.  This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.