The equal joint venture will focus on developing, financing, building, and operating utilityāscale 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
Post
Post
Tata Power Odisha Discoms Secure Top National Rankings for Third Consecutive Year
Improved billing efficiency and financial discipline helped Indian discoms drive the sectorās firstāever profitability milestone in FY2025. For the third year in a row, Tata Powerāled Odisha distribution companies (discoms) have achieved topātier rankings in the Fourteenth Integrated Ratings and Rankings Report of Power Distribution Utilities for FY2025. Released by the Ministry of Power, the...
Post
Indiaās Energy Transition Sets Global Pace: Pralhad Joshi at Davos
Indiaās 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...
Post
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 Bhutanās Druk Green Power Corp. (DGPC) and Indiaās Tata Power, has secured USD 815 million (ā¹68 billion) in longāterm financing from the World Bank Groupās Board of Executive Directors....
Post
Power Minister Calls for Financially Strong Discoms to Drive Indiaās Energy Future
Manohar Lal urged State Electricity Regulatory Commissions to move towards costāreflective 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 Indiaās power sector set to expand beyond what can be imagined today, distribution companies (discoms) must become...
Post
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 preāSeries B round reinforces global investor confidence in Indiaās distributed solar story. Aerem Solutions, Indiaās leading fullāstack platform for distributed solar, has raised $15 million (ā¹1.36 billion) in a preāSeries B round led by SMBC Asia Rising Fund, the...
Post
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 soughtāafter voice as India crossed 267 GW of nonāfossil fuel capacity by December 2025, keeping the country firmly on track to meet its 2030 targets. At the World Economic Forumās annual meeting in Davos, Union Minister for New...
Post
ABB Dispatches First India-Made Wind Converter After Gamesa Acquisition
The converter was produced at ABBās 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 Electricās power electronics business in December 2025 for...
Post
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. Itās good news that was longāawaited. Indiaās power distribution utilities have collectively recorded a positive profit after tax (PAT) of ā¹27.01 billion in FY2024ā25, marking a turnaround for the sector. The worldās thirdālargest energy consumerās distribution...
Post
Transition to Bioenergy Requires Cohesive Effort Across Entire Value Chain: Naik
With MSMEs at the heart of Indiaās 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 Indiaās transition to bioenergy, calling for close collaboration across the entire value chain. This...