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JSW, Tata Power, Avaada, Juniper win MSEDCL’s 1,650 MW wind-solar auction
Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar hybrid auction. These companies will supply power on a long-term basis from grid-connected intrastate projects. JSW Neo secured 600 MW, including 400 MW under…
Adani to invest up to USD 20 billion yearly for 100 GW by 2030
Adani Group has announced plans to invest between USD 15–20 billion annually over the next five years to expand its total power generation capacity to 100 GW by 2030. The company is pursuing a diversified mix of thermal, renewable, and pumped hydro energy sources to meet this goal. In 2024–25, Adani Group invested over USD…
JSW signs PPA with UPPCL for 1,500 MW pumped hydro storage
JSW Neo Energy Limited, a subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,500 MW/12,000 MWh of pumped hydro storage projects (PHSPs) in Sonbhadra district, Uttar Pradesh. The agreement spans 40 years with a fixed annual capacity charge of Rs 7.72 million per MW….
EQT and GIC acquire majority stake in UK company Calisen
EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company. Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs,…
Sunshine Capital announces solar energy finance products
Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options. Additionally, the Board…
Adani Green crosses 12 GW; inks captive power deal
Adani Renewable Energy Holding Nine Limited (AREH9L), a subsidiary of the Adani Group, has signed a share subscription and shareholders’ agreement (SSSHA) with Adani Renewables Energy Three Limited and DC Development Noida Limited to facilitate a captive power arrangement. As part of the agreement, DC Development Noida Limited will acquire a 26 per cent stake…
