The Indian Energy Exchange (IEX) recorded a total electricity trade volume of 11,233 million units (MU) in October 2025, up 16.5% year-on-year. The increase came amid improved power availability from hydro, solar, wind, and coal-based generation, which also led to a decline in market prices. The average price in the Day-Ahead Market (DAM) fell 32%…
The Maharashtra government has entered into an Rs 8,000 crore agreement with GSC PSP Maha Pvt Ltd of Haryana to develop the Panchmauli-Devalipada pumped storage hydroelectric project across Dhule and Nandurbar districts. The 1,500 MW project is expected to generate around 2,500 jobs and contribute over Rs 1,100 crore in annual revenue to the state….
The Hinduja Group has committed to invest Rs 20,000 crore in Andhra Pradesh in multiple phases after discussions with Chief Minister N. Chandrababu Naidu in London. The investment will focus on expanding power generation, renewable energy capacity, and electric vehicle manufacturing in the state. Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja,…
India’s renewable energy expansion is entering a new phase focused on grid integration, storage, and market reform. The Ministry of New and Renewable Energy (MNRE) has decided not to cancel Renewable Energy Implementing Agency (REIA) projects in bulk. Instead, it will assess each case individually to ensure a balanced approach between developers, DISCOMs, and grid…
The Ministry of Power has directed Renewable Energy Implementing Agencies (REIAs) to close long-pending renewable energy bids and cancel related Letters of Award (LoAs) by November 30, 2025, where signing Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) is not viable. The order follows a review meeting held on October 17, 2025, chaired by…
Germany and India have reaffirmed their commitment to renewable energy and sustainable growth, the German Embassy has said. The announcement followed Parliamentary State Secretary Johann Saathoff’s four-day visit to India, marking 25 years of the Indo-German strategic partnership. Saathoff opened the German Pavilion at the Renewable Energy India (REI) Expo 2025 in New Delhi, where…
Lubi Electronics has appointed Suraj Dhruv as Business Head to lead the company’s business growth, P&L management, and expansion into renewable energy. Based in Ahmedabad, he will oversee diversification into solar, solar-wind hybrid, green hydrogen (GH₂–NH₃), and battery energy storage systems (BESS). Suraj brings over a decade of experience in energy infrastructure, strategic leadership, and…
Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects with a combined capacity of 4.5 GW under the sixth phase of the National Renewable Energy Programme (NREP). Supervised by the Ministry of Energy, the projects include one wind and four solar plants, representing total investments of more than $2.4 billion. SPPC will…
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…
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…