The equal joint venture will focus on developing, financing, building, and operating utility‑scale solar projects, with a pipeline across Zambia, Zimbabwe, and the Democratic Republic of Congo. Inox Clean Energy Ltd has announced a major foray into the African renewable energy market through an equal joint venture with RJ Corp Ltd. Inox Clean Energy is...
Category: POWER & RENEWABLE ENERGY
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Tata Power Odisha Discoms Secure Top National Rankings for Third Consecutive Year
Improved billing efficiency and financial discipline helped Indian discoms drive the sector’s first‑ever profitability milestone in FY2025. For the third year in a row, Tata Power‑led Odisha distribution companies (discoms) have achieved top‑tier rankings in the Fourteenth Integrated Ratings and Rankings Report of Power Distribution Utilities for FY2025. Released by the Ministry of Power, the...
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India’s Energy Transition Sets Global Pace: Pralhad Joshi at Davos
India’s clean energy transition provides lessons for emerging economies on growth, jobs and competitiveness, according to Union Minister Pralhad Joshi. Even as a BloombergNEF report confirms that India is transitioning to new and renewable sources of energy faster than the US or China, Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi emerged as...
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World Bank Approves $815 Million Financing for Tata Power-DGPC Dorjilung Hydropower Project in Bhutan
The remaining funding will be raised from market participants, reinforcing a robust capital structure for the project. The Dorjilung Hydropower Project Ltd (DHPL), jointly owned by Bhutan’s Druk Green Power Corp. (DGPC) and India’s Tata Power, has secured USD 815 million (₹68 billion) in long‑term financing from the World Bank Group’s Board of Executive Directors....
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Power Minister Calls for Financially Strong Discoms to Drive India’s Energy Future
Manohar Lal urged State Electricity Regulatory Commissions to move towards cost‑reflective tariffs while ensuring targeted subsidies for needy consumers, in line with the provisions of the Electricity Act. Union Minister for Power, Manohar Lal, has said that with India’s power sector set to expand beyond what can be imagined today, distribution companies (discoms) must become...
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Aerem Solutions Secures $15 Million to Drive Distributed Solar Adoption Across India
Led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corp., the pre‑Series B round reinforces global investor confidence in India’s distributed solar story. Aerem Solutions, India’s leading full‑stack platform for distributed solar, has raised $15 million (₹1.36 billion) in a pre‑Series B round led by SMBC Asia Rising Fund, the...
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India Showcases Energy Transition at Davos: Joshi Calls for Global Collaboration
The cynosure of all eyes at Davos this year, Union Minister Pralhad Venkatesh Joshi emerged as a sought‑after voice as India crossed 267 GW of non‑fossil fuel capacity by December 2025, keeping the country firmly on track to meet its 2030 targets. At the World Economic Forum’s annual meeting in Davos, Union Minister for New...
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ABB Dispatches First India-Made Wind Converter After Gamesa Acquisition
The converter was produced at ABB’s state-of-the-art Nelamangala facility in Bengaluru and shipped to a wind turbine original equipment manufacturer (OEM). Global electrification and automation major ABB on Monday announced the dispatch of its first locally manufactured wind power converter in India, following its acquisition of Gamesa Electric’s power electronics business in December 2025 for...
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Discoms Spark Turnaround: Power Utilities Post First Profit in Several Years
The turnaround in distribution utilities is matched by improvements in other critical performance indicators, highlighting the depth of reforms. It’s good news that was long‑awaited. India’s power distribution utilities have collectively recorded a positive profit after tax (PAT) of ₹27.01 billion in FY2024‑25, marking a turnaround for the sector. The world’s third‑largest energy consumer’s distribution...
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Transition to Bioenergy Requires Cohesive Effort Across Entire Value Chain: Naik
With MSMEs at the heart of India’s industrial output, he emphasised that their transition to renewable thermal energy is critical. Shripad Yesso Naik, Union Minister of State for New and Renewable Energy and Power, has emphasised that technology alone cannot drive India’s transition to bioenergy, calling for close collaboration across the entire value chain. This...