This marks the fifth consecutive year that the state-owned NBFC has earned an ‘Excellent’ rating, reflecting its sustained focus on efficiency, discipline, and governance. Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi has commended the Indian Renewable Energy Development Agency (IREDA) for securing an ‘Excellent’ rating for the fifth consecutive year in its...
Category: POWER & RENEWABLE ENERGY
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Inox Clean Energy Secures ₹31 Billion Equity at ₹500 Billion Valuation
Inox Clean intends to utilise the funds to expand capacity in both its IPP and solar manufacturing operations. Inox Clean Energy Ltd, an INOXGFL Group company, has announced that it, along with its subsidiary Inox Solar Ltd, has tied up equity totalling approximately ₹31 billion. The equity round was closed at a pre-money valuation of...
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India Stays the Course as Combative Trump Exits International Solar Alliance
The US, a late entrant to ISA in 2021, remained a symbolic member with a minimal role in funding, projects, policy, and geopolitics. Following the US withdrawal from the International Solar Alliance (ISA) on Thursday, an unfazed India has said that the body will continue working on its stated objective of scaling up solar energy...
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With Joshi at the Wheel, Gadkari Joins Hydrogen Car Drive to Signal India’s Clean Mobility Push
Joshi’s drive from Bharat Mandapam to Gadkari’s residence spotlights the government’s push for hydrogen adoption and clean mobility. Union Ministers Pralhad Venkatesh Joshi and Nitin Jairam Gadkari showcased India’s commitment to clean mobility by taking a joint ride in the Toyota Mirai hydrogen fuel cell electric vehicle (FCEV) in New Delhi on Tuesday. Joshi, Minister...
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Power Minister Manohar Lal Reviews Strategic Hydropower Projects in J&K
Union Power wrapped up a two‑day visit to Jammu & Kashmir, reviewing NHPC’s key hydroelectric projects. Union Power Minister Manohar Lal concluded his two‑day visit to Jammu & Kashmir on Monday after reviewing several key hydroelectric projects of NHPC. He was accompanied by Pankaj Agarwal, Secretary, Power, during the visit. Bhupendra Gupta, Chairman & Managing...
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Inox Clean Energy Acquires 300 MWp SunSource Portfolio to Power Growth
Spread across 13 states, the portfolio runs via special‑purpose vehicles, supplying power under long‑term contracts to high‑rated commercial and industrial customers. Inox Clean Energy Ltd announced on Monday that its renewables independent power producer (IPP) arm, Inox Neo Energies Ltd, has acquired approximately 250 MWp of operational solar projects from SunSource Energy. The INOXGFL group...
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Accelerating Sustainable Energy Sector Growth with the Power of AI
As the leading Maharatna non-banking financial company (NBFC), REC Ltd is harnessing the potential of AI and Big Data to unlock a new era of enhanced efficiency and service excellence. Artificial intelligence (AI) and machine learning (ML)—the imitation by computers and robots of the intelligence inherent in humans for planning, decision-making, improved communication and processing...
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Clean Leap: Manohar Lal Inaugurates First Unit of 2,000 MW Subansiri Hydropower Project
The commissioning of Unit‑2 sets the pace for Subansiri’s next three units, with full capacity by FY2026‑27. Union Minister for Power Manohar Lal has hailed the Subansiri Lower Hydroelectric Project as a testament to India’s clean energy commitment. Virtually inaugurating the commercial operation of the 250 MW first unit (Unit‑2) of the 2,000 MW Subansiri...
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PM Surya Ghar Rooftop Solar Scheme Crosses 1.95 Million Installations, Delivers 770,000 Zero Bills
Since its inception, more than 2.43 million households have benefitted from the scheme, with over 830,000 loan applications sanctioned and ₹139.26 billion in subsidies extended. Around 1.95 million residential rooftop solar (RTS) systems have been installed, with over 770,000 households having received zero or near‑zero electricity bills under the PM Surya Ghar Muft Bijli Yojana...
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Waaree Gets ALMM-II Nod for 5.25 GW Solar Cells
The company said it will leverage this milestone to deepen partnerships with Indian and global developers, accelerate exports, and strengthen a more resilient, high‑performance solar value chain. Waaree Energies Ltd, India’s largest solar PV module manufacturer, has secured approval for its high‑efficiency solar photovoltaic (PV) cells under the Ministry of New & Renewable Energy’s (MNRE)...