Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has received a Letter of Intent (LoI) to develop a 105 MWp solar power project on an engineering, procurement, and construction (EPC) basis in India.
The LoI, valued at Rs 2,772 million, was awarded on January 20, 2025. The project is scheduled for completion in the financial year 2026.
First Solar has started production at its new $1.1 billion manufacturing facility in Iberia Parish, Louisiana. The 2.4-million-square-foot plant is fully vertically integrated and uses AI systems to flag defects during panel production. Operations began in July 2025, ahead of schedule. The company linked the early launch to the One Big Beautiful Bill Act and…
State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion…
Adani Power Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to acquire Vidarbha Industries Power Limited (VIPL). The acquisition is valued at Rs 40 billion and is expected to close by July 17, 2025. Adani Power received the letter of intent (LoI) for the deal from the resolution professional on…
Delhi has initiated two grid infrastructure projects, including the foundation laying for four utility-scale Battery Energy Storage Systems (BESS) with a combined capacity of 55.5 MW / 111 MWh, and the launch of an underground cabling project in Chandni Chowk. The BESS installations will be developed at Shivalik, Dwarka and Goyala Khurd in South and…
Rays Power Infra Ltd. has commissioned a 300 MWp solar power project in Rajasthan along with two 400/33 kV pooling substations and a 16.6 km, 400 kV transmission line connected to the Fatehgarh substation. The integrated solar and transmission development has been executed on a turnkey Engineering, Procurement and Construction (EPC) basis. The evacuation infrastructure…
Indian Energy Exchange (IEX) reported a 16.6% year-on-year (YoY) increase in electricity traded volume to 12,341 million units (MU) in April 2026, supported by strong growth in the Real-Time Market (RTM). India’s total energy consumption reached 154 billion units (BUs) in April, up 4% YoY. Demand was influenced by variable weather conditions, including unseasonal rainfall…