Renewable Energy

Revenue rises 26% to ₹19,886 crore in Q2FY27; board approves investment in 1,800 MW pumped storage project in Maharashtra, while renewable capacity reaches 8.6 GW

Renewable power generation helped India avoid over $100 billion in coal and gas imports during 2011-2025; cumulative savings could reach $240 billion, according to the IEA

The project is estimated to cost nearly ₹68,800 crore ($7.34 billion) and take about six years to complete

China had 2.337 billion kilowatts of installed renewable power capacity at the end of 2025, accounting for 60.1% of its total power capacity and 63.6% of new renewable installations globally

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

Union Minister Pralhad Joshi said the government had secured $400 billion in long-term investment commitments and was targeting another ₹21 lakh crore in renewable energy investment by 2030

The renewable energy company has signed an MoU with the Odisha government for a 1,500 MW pumped hydro storage project in Ganjam district, part of its ₹45,000 crore investment plan

Speaking at the Bharat Renewable Energy Summit, PM Modi said the sector had attracted over ₹15 trillion in investments in the past decade, underscoring India's clean energy push

Raising electricity's share in energy consumption to 35 per cent by 2035 may look attractive. But is it the right ambition for India?

Batteries will power the future economy. India must seize the opportunity to build a globally competitive industry that goes beyond lithium-ion

Addressing the Bharat Renewable Energy Summit, Modi said India was among the world's top three countries in the solar and renewable energy sector

Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said. Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd. Nayak has over three decades of rich and diverse experience, the statement said. He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC. Earlier in his career, he has worked with NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd. His experience spans over the power sector and resource-intensive industries, including mining and metals. He also brings substantial expertise in domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation and legal affairs, project appraisal and monitoring, lending operations, loan recovery, and stressed asset management. Nayak holds a Master's degree in .

Twenty-three contracts covering over 550,000 tonnes per annum of green hydrogen equivalent have been signed since 2023, with more than 70 per cent earmarked for exports

The investment roadmap covers solar, wind, energy storage, manufacturing, green hydrogen and transmission, with the government seeking to mobilise funds over the next four to five years.

A new central government scheme seeks to strengthen renewable energy transmission within states

The proposed policy will allow farming alongside solar power generation, ensure 90 per cent of project land remains cultivated and offer farmers new income opportunities

Finance ministry clears proposed scheme in principle; Cabinet nod awaited

India's power sector faces a growing gap between rising electricity demand and investment in conventional generation and grid infrastructure, risking supply shortages during peak hours

State-owned Ireda has posted a marginal rise in its standalone net profit to Rs 554 crore for the September quarter, the company said on Monday. It earned a net profit of Rs 549 crore in the second quarter of the preceding financial year, the Indian Renewable Energy Development Agency (Ireda) said in a statement. In July-September, the company's revenue from operations rose 14 per cent to Rs 2,345 crore from Rs 2,057 crore a year ago. Loan disbursement increased 31 per cent to Rs 10,579 crore against Rs 8,062 crore in the year-ago quarter. Loan book grew 15 per cent to Rs 97,411 crore from Rs 84,477 crore in Q2 FY26. The company's net worth grew 11 per cent to Rs 14,337 crore during the quarter compared to Rs 12,920 crore a year earlier. "Our Q2 FY27 performance reflects the continued strength of Ireda's business fundamentals and focus on quality growth. 31 per cent rise in loan disbursements, along with 15 per cent growth in the loan book, underscores the sustained demand for ..

Waaree Renewable Technologies' Q2FY27 net profit fell over 29% to ₹81.48 crore as higher expenses weighed on earnings, even as revenue rose to ₹1,057.84 crore.