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Insolation Green Energy wins Rs 360.1 million contract for solar modules supply

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Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy Limited, secured a Rs 360.1 million contract with Nexgen Energies Private Limited on April 13, 2025.  The contract is for the supply of Mono PERC solar photovoltaic (PV) modules, which will be used for a solar power project in India. The modules are expected to be supplied in FY 2026. Insolation Energy is known for manufacturing high-efficiency solar panels and modules in various sizes….

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Waaree Renewable Technologies lists on NSE

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Waaree Renewable Technologies Limited (WRTL) has been officially listed on the National Stock Exchange of India (NSE), marking a key milestone for the company. The NSE listing is expected to strengthen Waaree’s market presence, improve investor engagement, and support access to capital for future expansion. WRTL plans to scale its solar capacity, explore hybrid energy solutions, and expand its footprint in both Indian and global markets. A subsidiary of Waaree Energies Limited, WRTL benefits from…

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JSL Super Steel signs PPA with Sunsure Energy for 11 MWp solar power

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JSL Super Steel, a subsidiary of Jindal Stainless Limited (JSL), has signed a power purchase agreement with Sunsure Energy. The agreement is for the supply of 11 MWp solar power at its plant in Ghaziabad, Uttar Pradesh. The solar power will be sourced from Sunsure’s 49 MWp open access solar project located in Augasi, Banda district. This project has been developed under the “Uttar Pradesh State Power Banking Policy”. Through this agreement, JSL will meet…

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NTPC-CEB joint venture begins 50 MW solar project in Sri Lanka

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Trincomalee Power Company Limited (TPCL), a 50:50 joint venture between NTPC Limited and Sri Lanka’s Ceylon Electricity Board (CEB), has started work on a 50 MW solar project in Sri Lanka’s eastern province. This marks a key step in cross-border energy cooperation. The project is part of a larger plan to develop 120 MW of solar capacity in phases. Phase I, comprising the initial 50 MW, has secured both the power purchase agreement with CEB…

Latest Regulatory Developments in Renewable Sector: February 12, 2025

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MPERC approves Nahar Spinning Mills’ review petition on RPO compliance The Madhya Pradesh Electricity Regulatory Commission (MPERC) has approved Nahar Spinning Mills Limited’s petition for a review of the order dated October 4, 2024, in suo motu Petition No. 45 of 2024. The commission noted that in response to a notice requesting details of open access energy drawn from the energy exchange between FY 2010-11 and FY 2023-24, the petitioner submitted data on renewable energy…

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EIA forecasts solar power growth will drive US power generation up to 2027

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The US Energy Information Administration (EIA) projects that solar power will lead the growth in US power generation through 2027.  In its latest short-term energy outlook, the EIA estimates utilities and independent power producers will add 26GW of solar capacity in 2025 and 22GW in 2026, following a record 37GW added in 2024. Wind power is also expected to grow, with 8GW forecasted in 2025 and 9GW in 2026. Renewable generation will rise by 12%…

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Waaree Solar Americas starts commercial production of solar modules in Texas

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Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in localising solar module manufacturing in the United States, supporting job creation and reducing dependence on imported solar products.  The Texas plant will produce high-quality photovoltaic modules to meet the growing demand for renewable energy solutions in…

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CleanMax secures financing to develop solar projects in UAE

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CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.

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AboitizPower, UGEP sign solar PPA with Republic Cement in Bulacan

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AboitizPower and Upgrade Energy Philippines (UGEP) have signed a long-term solar power purchase agreement (PPA) with Republic Cement & Building Materials (RCBM).  Their joint venture, Aboitiz Upgrade Solar (AUSI), will develop, build, and operate a ground-mounted solar project at RCBM’s Bulacan facility. The project, slated for completion in the second half of 2025, aims to lower operational costs and carbon emissions for the cement manufacturer.

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Sembcorp inaugurates 588 MW solar project in Oman

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Sembcorp Industries has inaugurated the 588 MW Manah 2 Solar Independent Power Project in Manah, Oman, marking its first greenfield renewables development in the Middle East.  Backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company, the project began commercial operations on December 30, 2024, following successful acceptance tests. Spanning 6.8 million square meters in the Ad Dakhiliyah region, the project employs over 1 million bi-facial photovoltaic solar panels,…