IESA projects over $500 million investment in Indian battery, mobility startup ecosystem within a year
Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, saw participation of one hundred startups. Many of these startups are seeking funding from major conglomerates and investment firms.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
CleanMax secures financing for onsite solar projects in UAE
CleanMax has secured AED 99 million ($27 million) long-term credit facility from HSBC to develop and finance its onsite solar portfolio in the United Arab Emirates.
Essar Renewables to develop 2 GW of renewable energy projects for its green mobility initiative in Maharashtra
Essar Renewables will invest around INR 8,000 crore in a mix of round-the-clock renewable energy projects, primarily aimed at supporting the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline.
Kerala launches 125 MW/500 MWh battery storage tender
NHPC is accepting proposals to set up 125 MW/500 MWh of standalone battery energy storage systems on a build-own-operate basis in Kerala. The projects will be eligible for central financial assistance in the form of viability gap funding.
Renewable energy plus storage auctions to gain traction
India Ratings expects renewable energy plus storage tenders to gain further traction in the coming years, considering the storage requirement of around 74 GW/411 GWh as per National Electricity Plan (2023-2032).
NTPC-CEB JV finalizes landmark tariff for large-scale solar project in Sri Lanka
Trincomalee Power Co. Ltd, a 50:50 JV company between NTPC and Ceylon Electricity Board, has finalized a 5.97 US cents per unit tariff for its 50 MW project in Sampoor, Trincomalee, after rounds of deliberations with various stakeholders in Sri Lanka
Waaree Energies supplies 132.5 MWp of solar modules to Radiance Renewables
Waaree Energies manufactured and supplied 132.5 MWp of n-type TOPCon solar modules for a commercial and industrial project by Radiance Renewables.
Jupiter International secures INR 3-crore rooftop solar project in West Bengal
Jupiter International will deploy rooftop grid-connected solar PV power plants across West Bengal Khadi & Village Industries Board’s 23 locations in West Bengal.
The Hydrogen Stream: SECI awards LoAs for electrolyser production-linked incentives
Solar Energy Corp. of India Ltd (SECI) has issued Letters of Award for incentives to set up electrolyzer manufacturing capacities under tranche II of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme.
