Renewable Energy

Global | News

Indonesia targets 10GW nuclear power by 2040
By May 5, 2025May 5, 2025

Indonesia is set to significantly expand its renewable energy capacity by 2040, with plans also to introduce 10GW of nuclear power, according to a Reuters report. In February 2025, the country announced plans to build nuclear power plants with a capacity of 4.3GW, aiming to diversify its energy mix and reduce reliance on fossil fuels. These developments are part of Indonesia’s broader strategy to achieve carbon neutrality by 2050. Hashim Djojohadikusumo, the special energy and…

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India | News

Kirloskar Solar wins Rs 483.85 million rooftop solar project from NVVN
By May 2, 2025May 3, 2025

Kirloskar Solar Technologies Private Limited has received a Letter of Award (LoA) worth Rs 483.85 million from NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC Limited, for setting up rooftop solar power projects across three Indian states. The cumulative capacity of 11.77 MW will be deployed at various sites under the Central Armed Police Forces (CAPFs) and departments of the Ministry of Home Affairs (MHA) in Rajasthan, Gujarat, and Maharashtra. The tender was…

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Global | News

Ireland launches National Offshore Renewable Energy Plan
By May 2, 2025May 3, 2025

Ireland’s Ministery for Climate, Environment, and Energy has launched the National Offshore Renewable Energy (ORE) Designated Maritime Area Plan (DMAP) as part of the country’s efforts to reach at least 5 GW of offshore wind capacity and 80% renewable electricity by 2030. The DMAP aims to support Ireland’s decarbonisation goals and will contribute to the nation’s offshore wind target of 20 GW by 2040. The plan will be completed by the end of 2027 and…

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India | News

India extends imported coal-based plant operation mandate till June 30
By May 2, 2025May 2, 2025

The Indian government has extended its directive requiring imported coal-based (ICB) power plants to operate at full capacity until 30 June 2025. This decision comes in response to the expected high electricity demand during the summer season. The mandate, which applies to ICB plants including those operated by Adani Power, Mundra Power, and Essar Power, has been extended multiple times. It was initially valid until 28 February 2025, then extended to the end of April,…

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India | News

IOCL approves Rs 10.86 billion equity in Terra Clean for 4.3 GW RE projects
By May 2, 2025May 2, 2025

Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE portfolio to 5,300 MW. Terra…

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India | News

Evren receives USD 100 million from ALTÉRRA for 11 GW renewables in India
By May 1, 2025May 1, 2025

Evren has received a USD 100 million investment from ALTÉRRA to develop around 11 GW of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh. The investment will support the development and construction of these large-scale renewable energy assets. This is ALTÉRRA’s first direct investment in the Global South. The funding comes through the ALTÉRRA acceleration fund, in partnership with the Brookfield Global Transition Fund II and other investors. It supports India’s goal…

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India | News

Avaada to build 3,650 MW pumped hydro projects in Maharashtra
By May 1, 2025May 1, 2025

Avaada Group has signed a memorandum of understanding (MoU) with the Water Resources Department of Maharashtra to develop two pumped storage hydro projects (PSHPs) with a combined capacity of 3,650 MW. The projects include the 2,400 MW Pawana Falyan pumped storage project and the 1,200 MW Sirsala project. Together, they are expected to attract investment worth Rs 151 billion and create over 3,800 direct jobs in the region. These pumped storage projects will support Maharashtra’s…

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India | News

PGCIL awards rooftop solar contracts worth Rs 87.63 million
By April 29, 2025April 29, 2025

Power Grid Corporation of India Ltd (PGCIL) has awarded contracts for rooftop solar installations across its buildings in the Eastern and Western Regions under the PM Surya Ghar (PMSGY) Scheme. In the Eastern Region, PGCIL awarded a contract worth Rs 50.82 million to Gourav EnerGen India Pvt Ltd, the lowest (L1) bidder among five participants. Other qualified bidders included Rajasthan Electronics & Instruments Limited and Suncraft Energy Pvt Ltd. In the Western Region, a consortium…

Read More PGCIL awards rooftop solar contracts worth Rs 87.63 million
India | News

Fortum exits India’s renewable energy market
By April 28, 2025April 28, 2025

Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio includes a 206 MW solar-wind hybrid project…

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India | News

CSE Development commissions solar projects at 100 MWp park in Maharashtra
By April 28, 2025April 29, 2025

CSE Development (India) Private Limited has commissioned several solar photovoltaic (PV) power projects at its 100 MWp solar park in Maharashtra on April 23, 2025. The power generated from these open access captive solar projects will be supplied to various clients, including fast-moving consumer goods (FMCG) companies and DRT-Anthea Aroma Chemicals Private Limited.

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