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Three Indian entrepreneurs on Monday came together here to launch a next-generation integrated clean energy platform, LNK Energy, with an initial investment of Rs 10,000 crore over the next five years. It will begin operations with a 6 GW solar cell and module with an integrated ingot and wafer plant in Maharashtra, the organisers said during the launch on the sidelines of the World Economic Forum Annual Meeting 2026. LNK Energy's areas of operation would include advanced manufacturing, green fuels, and renewable energy generation. The company said its first project will be spread over 60 acres at Chhatrapati Sambhaji Nagar, Maharashtra, and will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices. It has signed an agreement with the Maharashtra government for setting up the project. Its co-founders are Paritosh Ladhani, Joint Managing Director of SLMG Beverages, the largest bottler of Coca-Cola in India; Kushagra Nandan, ...
Waaree Renewable Technologies Ltd (WRTL) net profit more than doubled to Rs 120.19 crore in December quarter compared to a year ago mainly on the back of higher revenues. The company had a net profit of Rs 53.48 crore in the quarter ended on December 31, 2024, a statement said. "PAT stood at Rs 120.19 crore as compared to Rs 53.48 crore in Q3FY25 representing a growth of 124.74 per cent YoY," it said. According to the statement, revenue in the quarter stood at Rs 851.06 crore representing a growth of 136.18 per cent YoY (year on year) as compared to Rs 360.35 crores in Q3FY25. Its unexecuted order book stands at 2.92 GWp to be executed between 12-15 months and the bidding pipeline remains robust at 29 GWp. The board has approved the capex budget for setting up of 120 MWp Solar Power Park in Buldhana, Maharashtra. "Looking ahead, we will continue to strengthen capabilities, invest in innovation, and expand partnerships to capture emerging opportunities in the renewable ecosystem,
Renewable energy developers in Rajasthan continue to face severe power curtailment risks, with more than 4 GW of commissioned capacity seeing near-total shutdown during peak solar hours despite the recent commissioning of the 765 kV Khetri-Narela transmission line. The issue was reviewed at a stakeholder meeting on December 15, 2025 which flagged that renewable projects operating under the Temporary General Network Access (T-GNA) mechanism are facing almost 100 per cent curtailment between 11 am and 2 pm, according to people briefed on the meeting. Curtailments have intensified since the Khetri-Narela line was operationalised on December 12, contrary to expectations that the line would ease congestion. Grid India informed the meeting that prior to the commissioning of the Khetri-Narela line, around 3.8 GW of renewable capacity was permitted injection during peak solar hours under T-GNA. Following the line's commissioning, connectivity approvals for about 4.8 GW of renewable capacit
Juniper Green Energy on Monday said it has raised Rs 2,039 crore in debt financing from marquee global and national financial institutions such as NaBFID, HSBC, DBS, Barclays and Aseem Infrastructure. In addition, Juniper Green Energy has expanded its non-fund-based limits with Federal Bank and Axis Bank, a company statement said. According to the statement, Juniper Green Energy Ltd on Tuesday announced it has successfully secured Rs 2,039 crore in debt financing from marquee global and national financial institutions such as NaBFID, HSBC, DBS, Barclays and Aseem Infrastructure for growth and development of upcoming renewable projects of Juniper Green Energy and its subsidiaries. This round of financing follows Juniper Green Energy's successful Rs 1,739 crores debt raise in August 2025 from the Indian Renewable Energy Development Agency Ltd (IREDA). The National Bank for Financing Infrastructure and Development (NaBFID) has provided debt financing of Rs 566 crore for the company's
Long-term policy frameworks, particularly for hybrid renewables energy, along with a thrust on adoption of technologies and incentive-driven manufacturing, will help the country meet its renewable energy goals, experts said. Experts also believed decarbonisation will continue to be a priority for the industry. Sharing his views, Piyush Goyal, CEO and Co-founder of Volks Energie, said there are certain areas which are essential not only for meeting climate commitments, but also for powering India's industrial growth, enhancing energy security, and ensuring affordable electricity for consumers. "Accelerating grid upgrades and storage adoption must be treated as national priorities as India's future energy mix depends on both. Further, incentivising domestic manufacturing of inverters, batteries, and critical components will reduce import dependencies and build supply-chain resilience," Goyal said. Manish Dabkara, CMD of carbon credits firm EKI Energy Services, said emerging ...