India’s renewable energy companies reported solid financial performance for FY 2025-26, driven by higher earnings and improved margins. NTPC Green Energy reported a net profit of Rs 88 crore, up from Rs 38 crore the previous year. Revenue grew 21.5% to Rs 612.3 crore, and EBITDA rose 26% to Rs 529.6 crore. Margins improved to 86.5% from 83.4%. Adani Green Energy reported a 25% rise in net profit to Rs 644 crore compared with Rs…
KPI Green Energy Limited has received a Letter of Intent from UAE-based FVE Lifecare General Trading LLC, part of the F Plus Group, for a 600 MW Round-the-Clock (RTC) Green Power Project valued at about Rs 1,050 crore. The agreement follows an earlier MoU with F Plus Healthcare Technologies. The project will supply captive and group-captive renewable power for F Plus facilities worldwide and may be structured through a Power Purchase Agreement, Joint Venture, or…
Serentica Renewables has appointed Anil Kumar Singh as Director – Operations. He will report to Chief Executive Officer Akshay Hiranandani and be based in Mumbai. Anil has over 33 years of experience across ports, cement, petrochemicals, thermal power, electricity distribution, telecom, and renewables. He holds Bachelor’s and Master’s degrees in Engineering from IIT Roorkee and an MBA in Finance from FMS, Delhi. Before joining Serentica, Anil served as Chief Project Officer at Adani Green Energy…
The Ministry of New and Renewable Energy (MNRE), in a memorandum dated October 24, 2025, has operationalised the Renewable Energy Equipment Import Monitoring System (REEIMS). This follows the Directorate General of Foreign Trade (DGFT) notification on October 10, 2025, which revised the import policy for items under Chapters 70, 73, 84, and 85 of the ITC (HS) 2022 schedule. While these components remain under the “Free” import category, importers must now obtain a registration certificate…
Waaree Energies Limited has received new solar module orders totalling 692 MW from domestic and international customers, as per a regulatory filing dated October 24, 2025. The company informed that its domestic division secured three orders of 220 MW, 210 MW, and 140 MW from leading players in India’s renewable energy sector. Its wholly owned subsidiary, Waaree Solar Americas, also received an order for 122 MW from a developer and owner-operator of utility-scale solar and…
Vikram Solar has received an order to supply 148.9 MW of high-efficiency solar modules to Sunsure Energy. The 595 Wp modules will be installed across Maharashtra and Uttar Pradesh. Vikram Solar will provide its advanced Ml0R N-Type TOPCon modules, noted for high efficiency, reliability, and energy yield. This order adds to a series of recent wins for Vikram Solar, including 200 MW from AB Energia, 336 MW from L&T Construction, 250 MW from Bondada Group,…
European alternative asset manager EQT has decided to retain its India operations of renewable developer Zelestra, transferring the business to its Asia Pacific infrastructure team led by Hong Kong-based partner Ken Wong, according to a report by Mint. This marks a shift from its earlier plan to sell Zelestra India. As part of the new strategy, EQT will invest around $600 million to expand and develop Zelestra India’s renewable energy portfolio. The approach follows a…
Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar in a deal that could be valued at approximately USD400 million. Cleantech Solar, through its holding company Cleantech Renewable Assets Pte. Ltd, manages a 1.2 GW portfolio of solar and wind assets across India, Singapore,…
India’s renewable energy sector is approaching a major milestone. According to the Ministry of New and Renewable Energy (MNRE), the country’s non-fossil fuel-based power generation capacity is expected to reach around 300 gigawatts (GW) soon. Over 40 GW of renewable energy projects are in advanced stages of securing power purchase agreements (PPAs) and transmission connectivity, reflecting a robust pipeline of committed investment. As of September 30, India’s non-fossil capacity stood at 256 GW, including 50…
ACME Solar Holdings Limited has expanded its renewable portfolio with two major milestones, the signing of a 25-year Power Purchase Agreement (PPA) for a firm renewable energy project and the commissioning of the first phase of a 100 MW wind project in Gujarat. Through its special purpose vehicle (SPV), ACME Solar signed the PPA with Tata Power Company Limited (Tata Power-D) on October 16, 2025, for a 50 MW Firm and Dispatchable Renewable Energy (FDRE)…