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…
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…
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…
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…
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…
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…
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…
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…
The Project Monitoring Group (PMG) has proposed a major transmission scheme to support solar power zones in Rajasthan and Gujarat. The plan was discussed in a meeting held on July 3, 2025. PMG functions under Invest India, which is housed within the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce. The…
The Central Electricity Authority (CEA) has issued revised guidelines for Automatic Weather Stations (AWS) in solar and wind power plants. The rules will improve the accuracy of real-time weather data, strengthen grid reliability, and support regulatory compliance for renewable energy developers. AWS units are to be installed within the boundaries of the project site. For…