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IEX records highest ever annual electricity trade at 141 BU in FY’26
Indian Energy Exchange (IEX) reported its highest ever annual traded electricity volume of 141 billion units (BU) for the fiscal year 2025–2026, marking a 17% increase over the previous year. The growth was supported by improved supply liquidity and lower power prices on the exchange. In a media release issued April 6, 2026, IEX stated…
Teerth Gopicon wins 109.29 MW solar projects in Rajasthan
Teerth Gopicon Private Limited has received Letters of Award (LoAs) from Rajasthan Renewable Energy Corporation Limited (RRECL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up a total of 109.29 MW of solar power projects across Rajasthan. The company secured an LoA worth Rs 4,085.39 million from RRECL to develop 63 MW rooftop solar…
COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall
The Institute for Energy Economics and Financial Analysis (IEEFA) has urged global action at the 29th Conference of Parties (COP29), emphasizing a $400 billion annual investment gap to meet renewable energy targets by 2030. Labelling COP29 as the “climate finance COP,” IEEFA’s new briefing highlights the need for policies incentivizing banks to redirect lending toward…
Ørsted begins sale of 50% stake in £8.5bn Hornsea 3 wind farm
Danish energy company Ørsted has started the process of divesting a 50% stake in its 2.9 GW Hornsea 3 offshore wind farm, located 120 km from the UK coast, according to Bloomberg. The sale, part of Ørsted’s broader divestment strategy led by CEO Mads Nipper, is expected to attract buyers willing to contribute to the…
MNRE revises wind turbine prototype rules to support safer innovation
The Ministry of New and Renewable Energy (MNRE) has introduced new rules to guide the installation and testing of prototype wind turbines. The guidelines allow limited grid access to test turbines while enforcing clear safety, certification, and maintenance requirements. The goal is to support innovation in wind technology without compromising reliability. Issued on June 12,…
Japan eyes manufacturing and solar energy partnerships in Rajasthan
Japan has identified manufacturing and renewable energy, particularly solar energy, as key sectors for collaboration with Rajasthan. This focus was highlighted during the Japan Country Session titled “Versatility of Industries: Manufacturing and Beyond” at the Rising Rajasthan Global Investors Summit in Jaipur on December 9, 2024. The session emphasized leveraging Japan’s advanced technologies, sustainability initiatives,…
