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BP considers selling minority stake in offshore wind division
BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has…
POWERGRID clears HVDC refurbishment spend, commissions WRES XXV
Power Grid Corporation of India Limited (POWERGRID) announced two developments on 17 December 2025. The company’s Board of Directors approved an investment of Rs 1,226.93 crore for the refurbishment of the Bhadrawati Chandrapur high voltage direct current (HVDC) back to back system. POWERGRID also confirmed the commissioning of the Western Region Expansion Scheme Twenty Five…
NTPC to expand capacity to 130 GW by 2032
NTPC aims to increase its installed capacity from 76 GW to 130 GW by 2032, presenting significant growth prospects for micro, small, and medium enterprises (MSMEs). The company’s procurement value is expected to rise from Rs 190.75 billion in FY24 to Rs 325 billion by 2032, with MSMEs contributing over 52 per cent of FY24…
MNRE extends timelines for RE projects delayed by GIB case
The Ministry of New and Renewable Energy (MNRE) has issued an order granting time extensions to renewable energy projects delayed due to the Supreme Court case related to the Great Indian Bustard (GIB). The relief applies to projects located in Rajasthan and Gujarat that were affected by delays in securing statutory approvals for overhead power…
Meta signs agreements for 760 MW of renewable energy with Invenergy
Meta Platforms has signed four environmental attribute purchase agreements (EAPAs) with Chicago-based energy company Invenergy, securing 760 MW of renewable energy. This brings Meta’s total clean energy procurement from Invenergy to over 1 GW. Meta’s head of global energy, Urvi Parekh, highlighted the company’s commitment to clean energy, stating that surpassing the 1GW milestone demonstrates…
UltraTech to acquire 26.18% stake in Sunsure solar SPV
UltraTech Cement Limited has agreed to acquire a 26.18% equity stake in Sunsure Solarpark Seven Private Limited, which is developing a 60 MWp DC / 40 MW AC solar project with integrated battery storage in Charkhari, Uttar Pradesh. The company will invest up to Rs 19.20 crore in cash for the stake. The acquisition was…
