Renewable Energy

India | News

Torrent Power outlines Rs 500 bn investment in renewables and grid infrastructure
By July 23, 2025July 23, 2025

Torrent Power plans to invest Rs 50,000 crore over the next three to four years to increase its renewable energy (RE) capacity to 10 GW by 2030, up from 1.75 GW currently. The capex will be divided across three segments. Around Rs 20,000 crore will support renewable energy projects, Rs 14,000 crore is allocated to 3,000 MW of pumped storage hydro capacity, and Rs 16,000 crore will go toward expanding transmission and distribution (T&D) networks,…

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India | News

NTPC REL signs MoU with GEDA for 300 MW RE projects
By July 23, 2025July 23, 2025

NTPC Renewable Energy Limited (NTPC REL) has signed a Memorandum of Understanding (MoU) with the Goa Energy Development Agency to develop solar and hybrid power projects in the state. The projects are expected to have a combined capacity of at least 300 MW, with the possibility of integrating energy storage systems in future phases. NTPC REL is a subsidiary of NTPC Green Energy Limited, which leads NTPC’s renewable energy initiatives. This move follows another recent…

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Gorbea Solar Project inaugurated in Rajasthan
By July 21, 2025July 21, 2025

Union Minister for New and Renewable Energy, Pralhad Joshi, on 19 July, inaugurated the 435 MW Gorbea Solar Power Project in Rajasthan. Developed by Zelestra India, the project was completed in under eight months. Spread across 1,250 acres, the Gorbea facility is backed by a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). It is expected to generate 755 GWh of electricity annually and help avoid approximately 705,000 tonnes of…

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India | News

Tata Power and ACME win NHPC-backed BESS projects
By July 21, 2025July 21, 2025

India’s battery storage sector saw a major boost as Tata Power Renewable Energy Limited (TPREL) and ACME Solar Holdings secured Battery Energy Storage Purchase Agreements (BESPAs) with NHPC Limited for projects in Kerala and Andhra Pradesh, respectively. As per exchange filings on 18 July 2025, Tata Power’s subsidiary TPREL has won a contract to set up a 30 MW / 120 MWh standalone battery energy storage system (BESS) at KSEB’s substation in Mulleria, Kasaragod, Kerala….

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India | News

Envision Energy to set up third wind turbine unit in Gujarat
By July 21, 2025July 21, 2025

Envision Energy India will set up a third manufacturing facility in Gujarat and expand its workforce to over 7,000 by FY28. The company also plans to localise key wind turbine components and scale up domestic production, according to RPV Prasad, Managing Director, in an interview with Moneycontrol. The Gujarat unit will be a 2 GW blade facility, joining its 3 GW blade plant in Tiruchirappalli and nacelle and hub unit in Pune. The Gujarat unit…

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NLC India Renewables eyes Rs 40 billion IPO in FY26–27
By July 18, 2025July 18, 2025

NLC India Renewables is likely to launch an initial public offering (IPO) worth Rs 40 billion in the first half of FY26–27, according to sources cited by Zee Business. The company may file its draft papers with the Securities and Exchange Board of India (SEBI) by March 2026. The IPO plan comes as part of NLC India’s broader strategy to scale up renewable energy operations through its wholly owned subsidiary. The subsidiary is set to…

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Cabinet clears investment flexibility for NLCIL and NTPC
By July 17, 2025July 17, 2025

The Cabinet Committee on Economic Affairs (CCEA) has approved key exemptions and enhanced investment powers for NLC India Limited (NLCIL) and NTPC Limited to accelerate renewable energy capacity addition. NLCIL has been granted exemption from existing Navratna CPSE investment limits, enabling it to invest Rs 7,000 crore in its wholly owned subsidiary, NLC India Renewables Limited (NIRL). This includes further investments by NIRL in renewable energy projects directly or via joint ventures, without requiring prior…

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India’s solar capacity jumps 4000% in a decade: Goyal
By July 14, 2025July 14, 2025

India’s installed solar capacity has grown 4000% over the last decade, Union Minister of Commerce and Industry Piyush Goyal said at the 11th India Energy Storage Week (IESW) 2025 held in New Delhi. Mr. Goyal said India’s total renewable energy capacity has reached 227 GW. He also claimed that India is likely the first G20 country to have met its Nationally Determined Contributions under the Paris Agreement. The Minister highlighted Jammu and Kashmir’s Palli village…

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CBDT grants IREDA bonds tax-exempt status
By July 14, 2025July 14, 2025

The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has notified that bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) will be treated as ‘long-term specified assets’ under section 54EC of the Income-tax Act, 1961. The notification took effect on July 9, 2025. As per the notification, IREDA bonds that are redeemable after five years and issued on or after the effective date will qualify for capital gains tax exemption…

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RECPDCL incorporates new SPVs for RE-linked transmission projects
By July 10, 2025July 16, 2025

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has set up three new Special Purpose Vehicles (SPVs) to implement upcoming transmission infrastructure projects. The three newly incorporated SPVs are: Ananthapuram II Power Transmission Limited, for the Transmission System for Integration of Ananthapuram-II REZ – Phase-II (3 GW). Davanagere Power Transmission Limited, for Transmission system strengthening at Davanagere to integrate RE generation. Jalna Power Transmission Limited, for the…

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