NLC India to infuse INR 1,631 crore into renewable energy arm
State-owned NLC India Ltd has approved an investment of up to INR 1,630.89 crore in its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), through equity infusion
IndiGrid, IFC partner to build 180 MW/360 MWh battery storage project in Gujarat
International Finance Corp. (IFC) has committed INR 4.6 billion (around $55 million) in long-term financing to IndiGrid to support the deployment of a 180 MW/360 MWh standalone battery energy storage system project in Gujarat.
Enfinity closes $245 million for 22 GW solar-storage portfolio
Enfinity Global has secured a $245 million credit facility expansion to fund development, construction, and operation of its 22 GW solar and energy storage pipeline across the United States.
VGF incentive cut may raise BESS tariffs by 10%, but impact likely temporary: SBICAPS
A new report by SBICAPS anticipates that the incentive cut under the second phase of the viability gap funding (VGF) scheme for standalone battery energy storage systems (BESS) could lead to a tariff increase of around 10%. However, it adds, this increase is manageable and could be absorbed in the coming months as capex costs continue to decline.
Policy uncertainty leads to $1.4 billion cancelled U.S. manufacturing investments in May
Republican districts are hit the hardest, with more than $9 billion in investments cancelled, delayed or closed so far in 2025, as businesses react to House and Senate bills that propose an early end or elimination of tax credits, according to E2.
John Cockerill Hydrogen raises €116 million to drive global growth
The amount covers nearly all the funding required to accelerate the development of John Cockerill’s hydrogen business, including the rollout of next-generation pressurized alkaline electrolyzer technologies and international expansion.
BluPine Energy secures INR 2,416 crore debt financing for 150 MW firm and dispatchable renewable energy project in Karnataka
BluPine Energy has secured an INR 2,416 crore debt sanction for its upcoming 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka.
Waaree Energies board approves change in 6 GW ingot-to-solar module fab location
Waaree Energies board of directors has approved a change in the location of its 6 GW ingot-to-solar module manufacturing project from Odisha to multiple sites across Gujarat, Maharashtra, and other potential states.
Monetizing hydrogen and green infrastructure in emerging markets – an EPC perspective
Emerging markets face significant obstacles in the production of green hydrogen, primarily high production costs and limited access to funding. It is crucial for firms to establish strong financial structures to ensure the success of their projects.
Avaana Capital draws first tranche of Green Climate Fund’s $24.5 million commitment
This marks Green Climate Fund’s first venture capital investment in India’s deep-tech ecosystem.
