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Six firms win bids for 1,200 MW ISTS solar and storage projects
On May 9, 2025, six firms secured bids to develop 1,200 MW of Inter-State Transmission System (ISTS)-connected solar power projects along with 600 MW/2,400 MWh energy storage systems (ESS) anywhere in India. The tender was issued by SJVN in August 2024 under a build-own-operate (BOO) model. The winners and their awarded capacities are: SAEL Industries…
L&T raises Rs 5 billion via India’s first ESG bonds, wins USD 50 million contract
Larsen & Toubro (L&T) has raised Rs 5 billion through India’s first environmental, social, and governance (ESG) bonds. The funds were mobilised via non-convertible debentures (NCDs) at a 6.35% coupon rate with a three-year maturity. The bonds were listed on the National Stock Exchange (NSE) and issued under the Securities and Exchange Board of India’s…
NCLT approves JSW’s acquisition of 3,600 MW KSK Mahanadi project
The National Company Law Tribunal (NCLT) has approved JSW Energy Limited’s acquisition of KSK Mahanadi for the 3,600 MW Akaltara (Nariyara) Thermal Power Project. The approval was granted on February 13, 2025. The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, is partly operational with 1,800 MW in service. It was developed…
ACME Solar, ReNew Power receive LoA for 550 MW Solar Power Projects
ACME Solar Holdings Private Limited and ReNew Solar Power Private Limited, a wholly-owned subsidiary of ReNew Power Ventures Private Limited, have received Letters of Award (LoAs) for setting up a total of 550 MW Inter-State Transmission System (ISTS)-connected solar power projects with energy storage systems (ESS) under Tranche-XVIII of Solar Energy Corporation of India (SECI)….
Apple, CleanMax to invest Rs 100 crore in C&I renewable energy
Apple Inc. and CleanMax Enviro Energy Solutions Limited have announced a strategic co-investment of around Rs 100 crore to support the expansion of renewable energy projects for India’s commercial and industrial (C&I) sector. The move builds on an earlier partnership between the two companies focused on supplying renewable energy for Apple’s operations in India. Kuldeep…
New biomass co-firing policy for all coal plants from 2025
The Ministry of Power has approved a new policy that requires every coal-based TPP in India to co-fire biomass pellets from the 2025-26 financial year. The policy replaces earlier guidelines and adds torrefied charcoal made from MSW as an eligible fuel. The aim is to cut emissions and support the management of crop residue and…
