The Ministry of New and Renewable Energy (MNRE) has reported strong progress in India’s clean energy sector for the Financial Year 2024–25. A record 29.52 GW of renewable energy capacity was added during the year, taking the total installed renewable capacity to 220.10 GW as of 31 March 2025. Solar energy was the main driver of this increase, with 23.83 GW added in FY 2024–25. This is a notable jump from the 15.03 GW added…
Hero Future Energies (HFE) has signed a power purchase agreement (PPA) with SJVN Limited to supply 120 MW of firm and dispatchable power. The power will come from a renewable energy project integrated with energy storage. HFE secured this capacity at a tariff of Rs 4.25 per kWh in SJVN’s 1,200 MW auction. The project will follow a build-own-operate model. It can be set up anywhere in India, as long as it connects to the…
Kundan Green Energy has taken over an 11.5 MW operational waste-to-energy plant in Jabalpur, Madhya Pradesh. The acquisition was made through insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The process was initiated by the State Bank of India and completed via the National Company Law Tribunal. The acquired facility, previously operated by the Essel Group under Jabalpur MSW Private Limited, processes about 450 tonnes of municipal solid waste each day. The electricity it…
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited (SGHIPL), a wholly owned subsidiary of Sembcorp Energy India Limited (SEIL), signed a Joint Venture Agreement (JVA) on April 3, 2025. The agreement marks the formation of a 50:50 joint venture (JV) to develop renewable energy and green hydrogen projects in India. The JV will focus on setting up renewable power, green hydrogen, and green ammonia production facilities. It will also explore opportunities…
TotalEnergies has completed the acquisition of multiple renewable energy projects across Europe, Africa, and Canada. These include wind, solar, and hydropower assets in partnership with VSB Group, SN Power, and RES. In Europe, the acquisition of VSB Group adds 500 MW of capacity that is either installed or under construction, along with a development pipeline of over 15 GW in wind and solar. In Africa, TotalEnergies has acquired SN Power’s assets, gaining a 28.3 per…
IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) project with a capacity of 20 MW/40 MWh. The project is located in Delhi and operated by Kilokari BESS Pvt Ltd (KBPL). This marks IndiGrid’s first commercial battery storage project and a significant step in India’s push for cleaner, more resilient power infrastructure. KBPL is designed to support grid stability, manage peak demand, and integrate renewable energy at the distribution level. IndiGrid…
Adyant Enersol Private Limited, a subsidiary of Datta Power Infra Private Limited, has secured a 112 MW wind power project under the 600 MW Inter State Transmission System (ISTS)-Connected Wind Power Project (Tranche-II) by SJVN. The company won the bid with a tariff of Rs 3.81 per kWh. SJVN invited bids in April 2024 to select wind power developers for setting up ISTS-connected wind projects across India under Tranche-II. The total capacity under this tranche…
Sapher has partnered with the Punjab government to develop solar farms in high-potential locations such as Fazilka and Ferozepur. This initiative is being executed in collaboration with Punjab Generation Company, a wholly-owned subsidiary of the Punjab Energy Development Agency. The goal is to boost the state’s renewable energy capacity while addressing challenges associated with canal-based hydropower. We have been closely following Punjab’s renewable energy initiatives. This year, Solidus Techno Power Private Limited has signed an…
Photovoltaics (PV) and wind now dominate Europe’s power generation, surpassing fossil fuels, according to the latest Enervis report. However, increasing cannibalization of renewable energy is reducing market revenues for solar and wind power producers. Cannibalization occurs when high solar and wind generation floods the electricity market, driving down prices, sometimes even turning negative. In 2024, this effect was particularly strong in Germany, where PV capture rates dropped to just 59%, the lowest in Europe. In…
KP Energy Limited has commissioned a 2.8 MW wind turbine generator (WTG) under its 28.6 MW wind power project at Vagra in Bharuch, Gujarat, on February 22, 2025, marking the full completion of the project. The project, developed under the Independent Power Producer (IPP) segment, will supply power to Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of Rs 2.43 per kWh. Earlier this month, KP Energy commissioned a 25.8 MW wind power project…