Godrej Enterprises targets over 20% growth for its power infra business
Godrej Enterprises’ Energy Solutions business aims to grow annually at over 20% in the next 3-5 years, driven by its growing portfolio of extra high voltage power transmission projects up to 765kV and strategic investments in solar power and green energy infrastructure.
Union Budget 2025-26: What India’s green industry expects from the upcoming budget
The 2025-26 Union Budget has the potential to be a defining moment in India’s journey toward a net-zero economy. By addressing key areas such as renewable energy, green hydrogen, sustainable mobility, and community-level projects, the government can create a robust framework for decarbonization.
Saatvik Green secures EPC contract for 23 MW of solar projects from HPPCL
Saatvik Green Energy has secured EPC (engineering, procurement, and construction) contracts for an 11 MW solar project in Lamlehri Upperli and a 12 MW solar project in Gondpur Bulla in Himachal Pradesh.
BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
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).
