The financing pacts will support critical power projects in Tripura, contributing to the expansion and modernisation of the state’s infrastructure. Power sector financier REC Ltd has signed two MoUs with the Government of Tripura to support power and renewable energy projects worth ₹150 billion. The agreements were formalised during the Destination Tripura Business Conclave 2026...
Category: Power & New and Renewable Energy
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El Niño Cuts 13 aGW Hydropower Across Asia, Forcing Coal and LNG Reliance
India and Vietnam drove over 80 per cent of Asia’s hydropower decline, triggering sharp thermal generation increases in both markets. Hydropower generation across key Asian markets declined sharply in June 2026, with combined output in Japan, South Korea, India, Bangladesh, Vietnam, the Philippines and Malaysia falling by about 13 adjusted gigawatts (aGW) year‑over‑year, consultancy S&P...
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CleanMax Achieves Record 530 MW Commissioning in Q1 FY2027, Expands Portfolio to 4.2 GW
The quarter’s largest capacity additions came from projects in Gujarat, Karnataka, and Maharashtra, complemented by new sites in Haryana and Chhattisgarh. Clean Max Enviro Energy Solutions Ltd has achieved its highest‑ever quarterly commissioning performance, delivering around 530 MW of renewable energy capacity in the first quarter of FY2027. The record addition has expanded the company’s...
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POWERGRID Secures Landmark ¥80 Billion JBIC Green Loan for Clean Energy Push
The green loan will support the Khavda-Nagpur HVDC transmission project, a critical link for integrating renewable energy into India’s grid. Power Grid Corp. of India Ltd (POWERGRID), the country’s leading power transmission utility, has secured a landmark green loan of ¥80 billion (₹470 billion) from the Japan Bank for International Cooperation (JBIC). The bilateral green...
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Vikram Solar Rolls Out First Module at Tamil Nadu Mega‑Facility
The facility is the cornerstone of the company’s strategy to build a fully integrated manufacturing ecosystem in India, strengthening supply chain resilience, enhancing quality control, reducing logistics costs, and increasing domestic value addition. Vikram Solar, one of India’s leading solar PV module manufacturers, has formally commissioned its new manufacturing plant at Gangaikondan, Tamil Nadu, with...
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Tata Power Commissions 100.8 MW Jewali Wind Project in Maharashtra
The project will supply nearly 299 million units of clean electricity each year to Tata Power Mumbai Distribution. Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Co. Ltd, has commissioned its 100.8 MW Jewali Wind Project in Dharashiv district, Maharashtra. The electricity generated will be supplied to Tata Power Mumbai Distribution,...
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India’s ACME Group Seals Landmark Green Ammonia, Methanol Deals with Japan
Under the agreements, ACME will supply 405,000 tonnes of green ammonia annually to IHI Corp. and 100,000 tonnes of green methanol each year to Mitsubishi Gas Chemical Co. ACME Cleantech Solutions has signed long‑term offtake agreements with Japan’s IHI Corporation and Mitsubishi Gas Chemical Co. (MGC), marking a major milestone under India’s National Green Hydrogen...
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Adar Poonawalla Family Office Invests ₹700 Crore in Inox Clean Energy
The investment comes as the Noida‑based company has completed ten acquisitions in the past ten months, highlighting its rapid expansion strategy. Rising Sun Holdings Pvt. Ltd., the Adar Poonawalla family office, has invested ₹7 billion in Inox Clean Energy Ltd, the integrated renewable energy platform of the INOXGFL Group, at a valuation of ₹700 billion....
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Suzlon’s Next‑Gen S175 Turbine Secures 105 MW Sunsure Order in Commercial Debut
This is Gurugram‑based Sunsure’s third order with Suzlon in under 14 months, lifting their cumulative partnership to 400.8 MW. Within two weeks of launching the S175 (5.0 MW)—India’s tallest and most powerful wind turbine—Suzlon has secured its first 105 MW order for the next‑generation model from Sunsure Energy. The order marks a strong commercial debut for the S175, the Pune‑headquartered full‑stack renewable...
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PFC-REC Merger Scheme Approved by Boards, Creating ₹11 Trillion Power Financing Giant
Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...