Solar Power

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Actis explores sale of Athena Renewable Energy platform
By January 23, 2026January 23, 2026

Global investor Actis is reportedly exploring a potential sale of its Indian renewable energy platform, Athena Renewable Energy, at a valuation of around Rs 3,000 crore, according to The Economic Times. The United Kingdom-based sustainable infrastructure investor has appointed Kotak Mahindra Capital as its financial advisor for the potential transaction. The 550 MW solar platform has been showcased to a limited set of potential buyers. These reportedly include Hexa Climate Solutions, KKR backed IndiGrid Infrastructure…

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India | News | Renewable Energy

SAEL commissions 1 GWp solar project at Khavda park
By January 23, 2026January 23, 2026

SAEL Industries Ltd has commissioned a 1 GWp solar power project with 800 MW alternating current capacity at the Khavda Renewable Energy Park in Gujarat. The project was developed through its subsidiaries, SAEL Solar P4 Private Limited and SAEL Solar P5 Private Limited. The project will supply electricity under 25 year power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL), providing long term revenue visibility. The plant has been developed over around 3,600…

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India | News | Renewable Energy

Rays Power Infra secures Rs 1,912 crore 300 MW renewable project
By January 22, 2026January 22, 2026

Rays Power Infra Ltd has won a 300 MW renewable energy project valued at Rs 1,912 crore from a state-owned entity. The award increases the company’s total order book to over Rs 8,000 crore, as it moves ahead with preparations for a potential public listing. The project will be developed at an upcoming renewable energy park in Karnataka and is scheduled for completion within three years. It will be implemented under the company’s co-development model….

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India | News | Renewable Energy

NGEL commissions 37.5 MW phase of Bhuj solar project
By January 19, 2026January 19, 2026

NTPC Green Energy Limited (NGEL) has commenced commercial operations of a 37.5 MW segment of a solar power project located in Bhuj, Gujarat. In a regulatory disclosure to the stock exchanges, NGEL stated that the third phase of the 150 MW solar project achieved commercial operation on January 17, 2026. The project is owned by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Private Limited, which is a wholly owned subsidiary…

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India | Finance | News

IREDA arm sanctions first overseas green energy loan
By January 19, 2026January 19, 2026

Indian Renewable Energy Development Agency Limited (IREDA) has announced that its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has sanctioned its first international green energy loan. The $22.5 million facility will support a 100 MW photovoltaic solar power project in Serenje District, Zambia. IREDA informed the stock exchanges through a regulatory filing dated 16 January 2026. The loan was approved at a Board meeting of IGGEFIL held in New Delhi and…

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India | News | Renewable Energy

Assam inaugurates 70 MW Dhubri solar project by SJVN Green
By January 16, 2026January 16, 2026

The Chief Minister of Assam, Mr. Himanta Biswa Sarma, inaugurated the 70 MW Dhubri Solar Power Project developed by SJVN Green Energy Limited (SGEL) on January 15, 2026. The project marks the first large-scale solar power facility to become operational in the state. The inauguration event was attended by Assam Power Minister Mr. Prasanta Phukan, SJVN Chairman and Managing Director Mr. Bhupendra Gupta, along with senior officials from the Assam government and SJVN. Mr. Gupta…

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India | News | Renewable Energy

NGEL clears GAIL JV, commissions 300 MW Bhadla solar project
By January 16, 2026January 16, 2026

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has announced the approval of a new joint venture with GAIL (India) Limited and the commissioning of a large solar power project in Rajasthan, marking two additions to its renewable energy portfolio. At a board meeting held on January 15, 2026, NGEL approved the formation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Limited. The proposed joint venture is subject to the receipt…

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India | News | Renewable Energy

SECI, NDMC sign MoU to solarise 244 civic buildings in Delhi
By January 16, 2026January 16, 2026

The Solar Energy Corporation of India (SECI) and the New Delhi Municipal Council (NDMC) have signed a Memorandum of Understanding (MoU) to install solar power systems on around 244 civic buildings in Delhi. The announcement came alongside SECI confirming that it has commissioned over 25 GW of solar photovoltaic capacity across India. The MoU was formally exchanged in the presence of NDMC Chairman Sh. Keshav Chandra, IAS. The agreement was signed by Sh. Manas Ranjan…

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India | Finance | News

Waaree Renewable posts record Q3 revenue, strong profit growth
By January 15, 2026January 15, 2026

Waaree Renewable Technologies Limited (WRTL), the Engineering, Procurement, and Construction (EPC) subsidiary of the Waaree Group, has reported its highest-ever quarterly revenue in its unaudited financial results for the third quarter and nine months ended December 31, 2025. For the third quarter of fiscal year 2026 (Q3 FY26), revenue from operations stood at Rs 851.06 crore, up 136.18% from Rs 360.35 crore in the corresponding quarter last year. Profit After Tax (PAT) rose 124.74% year…

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India | News | Renewable Energy

Pace Digitek wins Rs 3,757 crore solar BOS order
By January 15, 2026January 15, 2026

Pace Digitek Limited has secured a domestic order worth Rs 3,757.25 crore (including GST) from Bondada Engineering Limited (BEL). The contract covers Balance of System (BOS) works for a 300 MW AC solar power project to be executed under an Engineering, Procurement, and Construction (EPC) framework, along with three years of Operations and Maintenance (O&M) services. The company informed the stock exchanges of the order on 14 January 2026 under the Securities and Exchange Board…

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