Hinduja Group has outlined plans to expand its renewable energy capacity from the current 3 GW to over 10 GW by 2030. The company will invest between USD 3 billion and USD 4 billion across solar, wind, hybrid projects, and battery energy storage systems. The group said funding will be structured with a debt-to-equity ratio…
G R Infraprojects Limited has been awarded a transmission project by REC Power Development and Consultancy Limited for evacuating power from renewable energy projects in Madhya Pradesh. The project is titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE…
Clean Max Enviro Energy Solutions has submitted a Draft Red Herring Prospectus to the Securities and Exchange Board of India for a proposed Initial Public Offering worth Rs 5,200 crore. The issue will include a fresh share sale of up to Rs 1,500 crore and an offer-for-sale of up to Rs 3,700 crore by existing…
NTPC Green Energy Limited has announced that 212.5 MW from the 1,255 MW Khavda-I solar photovoltaic project developed by NTPC Renewable Energy Limited has commenced commercial operations from 20 August 2025. The Khavda-I project is being developed under the CPSU Scheme Phase-II Tranche-III. The company further reported that 52.8 MW of wind capacity from a…
ReNew Energy Global reported a sharp rise in profit for the first quarter of FY26. Net profit increased thirteen times to Rs 513.1 crore, compared with Rs 39.4 crore in the same quarter of the previous year. Adjusted Ebitda stood at Rs 2,722 crore, up from Rs 1,897.9 crore in Q1 FY25. Total income rose…
Germany’s Federal Network Agency has announced results of the 1 July 2025 solar auction for ground-mounted projects and installations on constructions other than buildings or noise barriers. The tendered capacity was 2,266 MW, while bids reached 2,820 MW. A total of 313 bids were submitted, with 258 awarded contracts for 2,271 MW. Thirty-six bids were…
Alpex Solar Ltd will establish a 1.2 GW solar module manufacturing plant in Mathura, Uttar Pradesh, as part of its capacity expansion. The board has approved the project, which will raise total manufacturing capacity to 3.6 GWs. The facility, with an investment of Rs 110 crore funded through internal resources and credit, is scheduled to…
The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India. According to AIIB, the financing will be used for renewable energy generation such as solar, wind,…
Global: Bahrain begins work on first large-scale solar power plant India: Inox Green signs deal for O&M of 182 MW wind projects Cabinet clears Arunachal’s Tato-II hydro project NLCIL and BARC partner to extract rare earth elements from fly ash Tata Power to build 700 MW wind project in Anantapur Adani Energy forms new wholly…
Bahrain’s Electricity and Water Authority (EWA) has started development of its first utility-scale solar power project, planned to generate up to 150 MW of electricity. The facility will be located near Bilaj Al Jazayer in the southern region and will cover about 1.2 square kilometres. EWA stated that the plant will use advanced solar technology…