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MoEFCC rejects forest clearance for Sharavathi pumped storage project
The Ministry of Environment, Forest and Climate Change (MoEFCC) has denied forest clearance for the proposed 2,000 MW Sharavathi Pumped Storage Hydel Project in Karnataka. The decision was based on environmental concerns, including risks of landslides and inadequate compensatory afforestation land. The project, proposed by Karnataka Power Corporation Limited (KPCL), is planned in the Shivamogga…
ADB and AIIB back Caspian green energy corridor project
The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have signed a memorandum of understanding (MoU) with the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. The agreement supports the feasibility study for the Caspian Green Energy Corridor Project. This MoU outlines a joint effort to create the legal and institutional setup needed…
Denmark’s largest offshore wind farm tender in the North Sea receives no bids
Denmark’s largest offshore wind farm tender, launched in April 2024, received no bids, marking a setback for the global offshore wind industry. The tender offered six sites with a combined capacity of up to 10GW, including three in the North Sea and three in the Baltic and Kattegat. The Danish Energy Agency plans to engage…
Sri Lanka to renegotiate wind PPA with Adani Green Energy
The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI). The previous government had signed a 20-year PPA for the project at 8.2 US…
SnapE Cabs raises $2.5 million funding for EV expansion
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also…
GAIL approves 178.2 MW wind project in Maharashtra
GAIL (India) Limited has approved the development of a 178.2 MW greenfield wind power project in Maharashtra, with an estimated investment of Rs 1,736.25 crore. The decision was taken at a board meeting held on February 27, 2026. The proposed capacity will add to GAIL’s existing wind portfolio of 117.95 MW, which is currently operating…
