Renewable Energy

India's ambitious energy stack takes shape, but faces legacy hurdles

The core of the India Energy Stack is to make energy pay for itself by a constant exchange of data between governments, the private sector, and consumers, but chronic problems of bad pricing remain

Siemens Energy Q2FY26 results: Net profit rises 36% to ₹246 crore

Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at Rs 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported Rs 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period. Revenues from transmission rose to Rs 1,013.8 crore from Rs 604.9 crore in January-March 2024. Revenue from generation grew to Rs 865.7 crore from Rs 591.7 crore. Expenses also shot up to Rs 1,548.6 crore from Rs 952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to Rs 477.8 crore from Rs 180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after th

ReNew Global's offer price raised to $8 apiece as valuation hits $3.2 bn

Nasdaq-listed ReNew Global Energy on Friday said a group of investors and three promoters intending to take the company private have increased the offer price to buy public shares at USD 8 apiece, raising the company's valuation to USD 3.2 billion (around Rs 27,000 crore). The offer price is USD 0.93 higher than their first offer made on December 10, 2024 - an increase of 13.2 per cent, the company said in a statement. This takes ReNew's valuation to USD 3.2 billion (around Rs 27,000 crore), it added. Three promoters and a new investor, Masdar, have offered USD 8 per share for a total of USD 880 million, up from USD 7.07 per share offered earlier. The revised offer has come from a consortium of investors, comprising Abu Dhabi's Masdar, Canada Pension Plan Investment Board (CPP Investments), Abu Dhabi Investment Authority (ADIA), and ReNew's founder and CEO Sumant Sinha. The group has offered to buy all outstanding shares of the company for USD 8.00 per share in cash, with the tot

Tata Power Renewables adds record 752 MW of solar capacity in Q1FY26

Tata Power Renewables on Thursday said it has commissioned a record 752 megawatt (MW) of solar projects in April-June 2025-26, following which its total utility-scale operational capacity stood at 5.6 GW. Tata Power Renewables, a subsidiary of Tata Power, had commissioned a total of 354 MW solar capacity in the same period of preceding 2024-25 financial year, the company said in a statement. For the timely execution of projects amid challenging environments, Tata Power Renewables attributed factors like advanced engineering practices, supply chain, execution model, and strong vendor partnerships. With the Q1 FY26 commissioning, the company said its total utility-scale operational capacity now stands at 5.6 GW, including 4.6 GW solar and 1 GW wind capacity. The company further plans to commission 1.7 GW of its utility owned capacity during FY26 apart from 1 GW of third-party projects. The company is a developer of renewable energy projects (including solar, wind, hybrid, ...

CCI approves British Int'l investment in ReNew Photovoltaics solar business

The Competition Commission of India (CCI) on Tuesday approved British International Investment's proposal to acquire a stake in solar manufacturing firm ReNew Photovoltaics. British International Investment plc is a development finance institution, wholly owned by the UK Government, which provides scarce and patient capital to private sector entrepreneurs in developing countries. "The proposed combination relates to an investment by the acquirer (British International Investment) in the target (ReNew Photovoltaics Pvt Ltd) through subscription to securities of the target," CCI said in a release. Renew Photovoltaics is engaged in the manufacturing of solar modules and cells in India. "CCI approves the proposed investment by British International Investment plc in ReNew Photovoltaics Pvt Ltd," the competition watchdog said in a post on X. Last month, ReNew Energy Global Plc announced that it has secured an investment of Rs 870 crore (around USD 100 million) from British Internationa

CleanMax, Toyota Tsusho India join hands to develop 300 MW green capacity

Renewable energy solutions provider CleanMax and Toyota Tsusho India have joined hands to develop 300 megawatt capacity of renewable energy projects in India. The new partnership aims to leverage synergies between both companies to develop and operate renewable energy projects for Japanese corporates in India, CleanMax said in a statement. The companies aim to set up the capacity by 2028. The partnership will provide comprehensive green energy solutions tailored to each company's needs, including rooftop solar projects, stand-alone ground-mount solar or wind projects, wind-solar hybrid projects and carbon credits. Kuldeep Jain, Founder & Managing Director, CleanMax, said, "The partnership...solidifies CleanMax's strategy around global collaborations focused on helping corporations reduce their carbon footprint, while enabling the company to achieve its growth targets in a more capital-efficient manner." Clean Max Enviro Energy Solutions Private Limited (CleanMax), a ...

Rajasthan bets big on solar power to emerge as a renewable energy leader

Due to Rajasthan's rising electricity demand, which is increasing by an estimated 8-10 per cent annually, the government's focus is to obtain 43 per cent of power consumption from solar energy by 2030

AMG acquires 17.5% stake in Greenko Energy Holdings for $1.4 billion

AMG will own 25 per cent stake, including AMG promoter's current share, in Greenko post-closing of this transaction in July

Fossil to future: ONGC charts a bold path; pivots to LNG, renewables

As oil loses ground and an era of energy transition dawns, ONGC, India's flagship producer, has accelerated plans for renewables, biofuels, and nuclear ventures

The times, they are a-changing: Anand Mahindra flags geopolitical flux

Mahindra likens global flux to Samudra Manthan and urges Indian industry to embrace innovation, invest in manufacturing, and act swiftly to capture supply chain realignment

MNRE revises norms for biomass programme to boost clean energy in India

The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for the biomass programme to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across India. The norms are revised under Phase-I of National Bioenergy Programme, applicable for the period FY 202122 to 202526. These amendments aim to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across the country, a ministry statement said. Under the new framework, the ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements, which will enable the industry, especially MSMEs to enhance their production. These changes align with improvement of stubble management and India's broader goal of reaching net-zero emissions by 2070. One of the major highlights of the revision is technological integration by enabling the use of IoT-based monitoring solution

Greenzo Energy receives order worth ₹320 crore from Oswal Energies

Clean-tech company Greenzo Energy on Wednesday said it has secured an order worth Rs 320 crore from Oswal Energies Limited for the supply of electrolysers and balance of plant equipment for a 20 MW green hydrogen facility in Gujarat, taking the company's total order book to Rs 1800 cr. As part of the order, Greenzo Energy will execute the Engineering, Procurement, and Construction (EPC) of project, which is to be completed over a period of next 12-15 months, the company said. "Greenzo Energy will manufacture and deliver its indigenously developed electrolysers and integrated balance of plant (BoP) systems, leveraging its expertise in scalable and high-efficiency hydrogen solutions," it said. Electrolysers and BoP equipment will be supplied to the upcoming green hydrogen facility in Kalol and Kutch. Balance of Plant (BoP) equipment comprises systems used across industries to support the main equipment. Sandeep Agarwal, Managing Director, Greenzo Energy India said, "Oswal's proven E

Transmission body seeks flexible ISTS waiver phase-out for RE sector

EPTA urges the government to provide relief for projects nearing completion and recommends phased withdrawal of the ISTS waiver to protect RE competitiveness

ACME Solar secures ₹1,072 cr refinancing for 250 MW project in Rajasthan

ACME Solar Holdings on Monday said it has secured a Rs 1,072-crore domestic project finance facility for its arm ACME Aklera Power Technology to refinance existing debt for its 250 MW operational project in Rajasthan. The project has an operational track record of 18 months and achieved an annual Capacity Utilisation Factor (CUF) of 29.3 per cent in FY25, a company statement said. ACME Solar Holdings has secured a domestic project finance facility of Rs 1,072 crore for its 100 per cent subsidiary ACME Aklera Power Technology Pvt Ltd to refinance existing debt and reduce financing cost by 95 basis points to 8.5 per cent per annum for its 250 MW operational project in Rajasthan, according to the statement. This refinancing of 18 years tenure has been secured from a consortium led by institutions, including Bank of America and Standard Chartered Bank, it stated. This refinancing adds to the Rs 4,575 crore of refinancing completed over the past six months, in line with the group's plan

NLC India receives Letter of Award from TN Green Energy Corporation

The NLC India Renewables Ltd, a subsidiary of NLC India, has received the Letter of Award (LoA) from the state government backed Tamil Nadu Green Energy Corporation Ltd for the development of three standalone Battery Energy Storage (BES) systems in the state. This is the first large-scale BES system project to be undertaken by NLCIL Group and marks a major milestone, the Tamil Nadu-based company said. The projects would be implemented under the Build-Own-Operate model with Viability Gap Funding support, NLC India said in a press release on Sunday. Each project with an aggregate capacity of 250MW/500MWh would be established at 400/230/110 kV Ottapidaram Sub Station, Tuticorin, 400/230/110 kV Anuppankulam Sub Station in Virudhunagar district and 400/230/110 kV Kayathar Sub Station, Tuticorin in the state. The company had bagged the projects through a 'competitive bidding process', it added.

Wind sector's biggest hurdle? Domestic equipment procuring mandate

The move to press the pedal on domestic sourcing of all wind turbine components comes amid heated opposition from developers

NITI Aayog works out road map to meet India's rising energy demand

This initiative also arises from India's need for a clear pathway to identify data trajectories in its net-zero exercise

Oil's lost decade is about to be repeated amid rising clean energy bets

Even looking forward to 2026, crude output is likely to remain below the production peak the world hit in 2018

Ireda raises over ₹2,000 crore via QIP from domestic, foreign investors

State-owned IREDA has raised over Rs 2,000 crore through the issuance of qualified institutions placement. The qualified institutions placement (QIP) issue, which was open from June 5-10, received an encouraging response from both domestic and foreign qualified institutional buyers (QIBs), including insurance companies, scheduled commercial banks and foreign portfolio investors. The board has approved the allotment of equity shares to eligible qualified institutional buyers in its meeting held on Wednesday. The QIP was oversubscribed with bids amounting to Rs 2,005.90 crore against the base issue size of Rs 1,500 crore, achieving a subscription of 1.34 times. The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share, which includes a premium of Rs 155.14 per share over the face value of Rs 10, IREDA said. The issue price of Rs 165.14 reflects a discount of 5 per cent to the floor price of Rs 173.83 per equity share. The capital raised through this issu

TP Solar crosses 4 GW of solar module production at its Tamil Nadu unit

The plant has cumulatively produced 4,049 megawatts (MW) of solar modules and 1,441 MW of solar cells up to May 2025