Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through the issuance of privately placed subordinated tier-II bonds. The bonds have a 10-year tenure and carry an annual coupon rate of 7.74 […]
Power Grid Corporation of India Limited (Powergrid) has acquired Banaskantha Transco Limited (BTL), a special purpose vehicle, through the tariff-based competitive bidding route for transmission development on a build, own, operate, and transfer basis. The […]
REC Power Development and Consultancy Limited (RECPDCL) has transferred two special purpose vehicles: Kurnool-IV Transmission Limited and Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited (Powergrid) through a tariff-based competitive bidding […]
NHPC Limited has successfully completed the trial of Unit#2 (200 MW) of the 800 MW Parbati-II Hydro Electric Project (4×200 MW) in Himachal Pradesh. The trial runs for the remaining three units of the project […]
Syngene International Limited has increased its stake from 26 per cent to 33.79 per cent in O2 Renewable Energy Private Limited II to enhance renewable energy consumption and maintain captive power status. The investment pertains […]
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.66 billion. The orders comprise transmission and distribution (T&D) projects in both India and the overseas market, as well as […]
Airstream Renewables Corporation, a wholly owned subsidiary of NexGen Energy Corporation has secured the endorsement of the Philippine department of energy (DOE) for eight renewable energy projects. These projects, comprising offshore and onshore wind farms […]
Power Grid Corporation of India Limited (Powergrid) has acquired two special purpose vehicles (SPVs) Chitradurga Bellary REZ Transmission Limited and Fatehgarh II and Barmer I PS Transmission Limited through the tariff-based competitive bidding route for […]
Avaada Group has secured long-term power purchase agreements (PPAs) for 14 GW of renewable energy capacity, with plans to achieve full operational status by 2027. Under its subsidiary Avaada Energy, the company has already commissioned […]
Solarium Green Energy Limited has secured an additional work order worth approximately Rs 201.61 million from NTPC Vidyut Vyapar Nigam Limited (NVVNL). The contract pertains to the inclusion of an additional 650 kW capacity for […]
Reportedly, Borosil Renewables has planned invest Rs 9 billion to expand its solar glass manufacturing capacity from 6.5 GW to 10 GW at its existing facility in Bharuch, Gujarat, by July 2026. The company plans […]
Actis has invested approximately USD 600 million in Terra Solar Philippines, alongside SP New Energy Corporation, a subsidiary of MGEN Renewable Energy. The transaction marks the completion of the share subscription agreement between Terra Solar […]
The Ministry of Power (MoP) has instructed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This has been done to ensure the completion of […]
Bharat Heavy Electricals Limited (BHEL) has received a letter of intent (LoI) from Gujarat State Electricity Corporation Limited (GSECL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Ukai thermal power station […]
Adani Energy Solutions Limited (AESL) has secured a power transmission project in Gujarat to supply green electrons for green hydrogen and green ammonia manufacturing in Mundra, Gujarat. The project is worth Rs 28 billion and […]
Zelestra has secured a contract from SJVN Limited to supply firm and dispatchable renewable energy in Maharashtra. The project will integrate 250 MW DC solar, 180 MW wind power, and a 90 MWh battery energy […]
Adani Green Energy Limited (AGEL) has commissioned a 250 MW solar power project at Bhimsar, Rajasthan, through its step-down subsidiary, Adani Green Energy Twenty Four. The plant was commissioned following the necessary clearances, with operations […]
The Federal Government of Nigeria has disclosed its plans to boost the country’s power transmission capacity from 8,500 MW to 10,000 MW by the end of 2026. On March 4, 2025, Nigeria achieved its highest […]
The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds worth Rs 12.47 billion at an annual coupon rate of 8.40 per cent to optimise its capital structure and leverage favorable market […]
The Madhya Pradesh government has launched the Madhya Pradesh Renewable Energy Policy 2025, aiming to source 50 per cent of annual power consumption from renewable energy by 2030. The policy, valid for five years, applies […]
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