Hindustan Zinc will procure 530 MW of round-the-clock (RTC) power from Serentica Renewables’ projects under a group captive arrangement. Hindustan Zinc will invest Rs 3.27 billion in Serentica and its affiliates, to acquire a 26 per cent stake. Serentica will develop captive projects across India to provide renewable energy...
NTPC has declared the results of its 1.2 GW interstate transmission system (ISTS)-connected solar projects auction. The winners are SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar and Illuminate Hybren (Mahindra Susten). SEAL, Rays Power, and Refex Green secured a capacity of 300 MW, 100 MW, and 100 MW,...
Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to advance hydrogen mobility in Germany and Europe. Lhyfe is constructing a production plant in Schwäbisch Gmünd, near Stuttgart, Germany, which is expected to be operational by year-end. The facility will produce up to 4 tonnes of green hydrogen...
Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire 100 per cent stake in Deshraj Solar Energy Private Limited. After the acquisition, Deshraj Solar Energy will become a step-down subsidiary of CESC. The acquisition is part of...
TOYO has announced its plans to build an advanced solar cell manufacturing facility with an expected annual capacity of 2 GW. The company has secured a lease for the site in Hawassa, Ethiopia, leveraging the country’s favourable investment environment, tariff-free benefits, and abundant hydropower resources. The $60 million project will...
Huasun Energy has announced a partnership with ITRAMAS Corporation Sdn. Bhd., to advance 1.5 GW of photovoltaic projects. Under this agreement, starting in 2025, Huasun will gradually supply ITRAMAS with 700W+ high-efficiency heterojunction (HJT) modules for large-scale solar developments. This partnership is expected to bolster Malaysia’s solar supply chain...
Avaada Energy, an arm of Avaada Group, has successfully secured approximately Rs 5.97 billion in refinancing. These funds will be utilised for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra. The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL). These projects currently supply electricity...
JSW Renew Energy Thirteen Limited, a step-down subsidiary of JSW Energy Limited has signed a 700 MW power purchase agreement (PPA) with NTPC Limited for solar energy. The solar project will be connected through the Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks. It will supply power...
The Ministry of New and Renewable Energy (MNRE) has further increased the Approved List of Models and Manufacturers (ALMM) by 2,094 MW of solar module capacity. The total module manufacturing capacity under ALMM now stands at 58,422 MW. The new entrants include SAEL Solar P6 (SAEL Solar) with 2,065...
IBM has acquired Prescinto, a Bangalore-based provider of asset performance management (APM) software-as-a-service (SaaS) for renewables. Prescinto uses AI to enable advanced monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets. Prescinto is expected to enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s...