Page 3 - Renewable Energy Policy

India's stranded renewable projects surge past 50 GW amid delays: Report

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters

SECI inks power sale pacts for 60 GW of renewable energy over 14 years

State-owned Solar Energy Corporation of India (SECI) on Tuesday said it has achieved the milestone of executing over 60 Gigawatts (GW) of power sale agreements of renewable energy (RE) capacity in 14 years. The Power Sale Agreements (PSAs) cover a diverse portfolio of solar, wind, and hybrid energy projects, collectively representing a significant share of India's rising RE capacity, SECI said in a statement. Through these agreements, SECI guarantees long-term purchase of power generated, providing payment security to developers and investors while demonstrating the viability of renewable energy ventures in the country. Such long-term arrangements are critical to unlocking the full potential of India's RE sector, it said. "The signing of 60 GW worth of Power Sale Agreements within just fourteen years of establishment marks a pivotal moment for SECI's journey. SECI continues to be at the forefront of ensuring that India stays on track to meet its ambitious clean energy targets. We a

India enters SDG global top 100, driven by clean energy and health gains

Driven by progress in clean energy, health and housing, India climbs to 99th rank in the 2025 global SDG index, ahead of Bangladesh and Pakistan

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

HPCL to invest $231 million to build 24 compressed biogas plants in India

Since April, India has mandated mixing gas used to run automobiles and cooking gas with 1 per cent of CBG

Rama Steel jumps 13% on renewable energy foray; stock up 25% in 3 days

Rama Steel Tubes shares soared nearly 13 per cent after it entered the renewable energy sector through a joint venture partnership

Suzlon Energy shares soar 13% in best session in 2 years after Q4 results

Shares of Suzlon Energy surged over 13 per cent after its profit rose multifold in the fourth quarter of the previous financial year

Not a dream, a destination: Building the new Bharat with power of the sun

The truth: Solar already powers metro trains, steel plants, and data centres. And it creates more jobs per megawatt than coal ever did

Focus on exports, diversification to boost revenue growth: RITES CMD

Proactive efforts to secure export orders for rolling stock and diversify the client base have helped improve our revenue outlook for the coming years, RITES Ltd Chairman and Managing Director Rahul Mithal said. A Navratna public sector undertaking and leading transport and engineering consultancy company, RITES this week reported a 4.3 per cent decline in its consolidated operating revenue in the March quarter to Rs 615 crore compared to Rs 643 crore in the year-ago quarter. Net profit rose by 3.4 per cent year-on-year to Rs 141 crore in the quarter. Mithal told PTI that the company's rolling stock export business was impacted due to a lack of fresh orders from many of its erstwhile African and South Asian clients during the pandemic and post-pandemic periods. He added that the Quality Assurance segment also faced challenges as Indian Railways fixed four entities, for the first time, for the Quality Assurance work through an open tendering process, impacting both the volume and ...

Waaree Renewable Technologies secures Rs 114 cr solar project order

Waaree Renewable Technologies on Friday said it has received a letter of award for setting up a solar power project under Mukhyamantri Saur Krushi Vahini Yojana-2.0 for Rs 114.23 crore from a leading renewable energy firm. The project is scheduled to be completed in 2025-26 as per the terms of the order, a regulatory filing said. The company has been awarded the Letter of Award for the execution of engineering, procurement and construction works of the solar power project including operation and maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. The order value is approximately Rs 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0.

Built on Reliability, Growing with Integrity: SSE's Enduring Mission in a Changing World

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ReNew Power to build Rs 22,000 crore RE facility in Andhra Pradesh

A government source said State Industries Minister Nara Lokesh would attend the groundbreaking ceremony on May 16

Andhra Pradesh govt reboots power sector with management overhaul

State has appointed 16 new directors in one go to revamp finances, operations of five state power utilities

IEX reports 19% rise in trade volume at 121 billion units in FY25

The Indian Energy Exchange (IEX) registered 19 per cent year-on-year rise in trade volume to 121 billion units (BUs) in FY25, a company statement said on Friday. A total of 178 lakh renewable energy certificates (REC) were traded during the year, marking twofold rise as compared to the previous year, it said. The next REC trading sessions at the exchange are scheduled for April 9 and April 30. In March 2025, IEX achieved the highest-ever monthly electricity traded volume of 11,215 million units (MUs), posting 29 per cent increase year-on-year. A total of 13 lakh RECs were traded during the month, up 18 per cent over March 2024. In the electricity market, the day-ahead market (DAM) achieved 61,311 MU in FY25, as compared to 53,353 MU in FY24, a rise of 15 per cent. In March, the DAM volume increased by 19 per cent to 5,547 MU from 4,654 MU in the same month last financial year. The real-time electricity market (RTM) volume increased by 29 per cent to 38,898 MU in FY25 from 30,125

CleanMax, Osaka Gas partner in JV to develop 300MW renewable portfolio

Brookfield-backed firm CleanMax on Monday announced a joint venture partnership with Osaka Gas Group to develop a 300MW renewable energy portfolio entailing an investment of Rs 1,500 crore. The joint venture entity will be called 'Clean Max Osaka Gas Renewable Energy Private Limited' (CORE), according to a statement. Under the joint venture, a total investment value of Rs 1,500 crore for the 300 MW renewable energy portfolio, which will be developed in due course of time, a revised statement said. The remaining 100 MW will be developed in about next two years, it added. CleanMax and Osaka Gas are forging a partnership to help corporate clients transition to a low-carbon economy, the statement said, adding that the association with CleanMax marks Osaka Gas' entry into the green energy market in India. CleanMax, one of Asia's leading renewable energy providers in the Commercial and Industrial (C&I) sectors, announced a long-term strategic joint venture with Osaka Gas Co. Ltd., a ...

India's renewable energy leaders call for localisation to sustain growth

Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan

Phillips 66 Q4 loss softened by renewable fuels as refining margins fall

On an adjusted basis, the company reported a loss of 15 cents per share in the quarter, compared with the analysts' average estimate of 23 cents loss per share, according to data compiled by LSEG

Govt revises quality control order to promote high-quality PV products

The government has notified a revised Quality Control Order (QCO) to promote high-quality and efficient solar photovoltaic (PV) products, an official statement said on Wednesday. The Union Ministry of New and Renewable Energy (MNRE) has notified the Solar Systems, Devices, and Components Goods Order, 2025, which revises and supersedes the existing Solar Photovoltaics, Systems, Devices, and Components Goods (Requirements for Compulsory Registration) Order, 2017. "The order aligns with the government's commitment to promoting high-quality and efficient solar photovoltaic (PV) products for sustainable energy development. It aims to enhance product reliability, ensure safety, and support India's ambitious renewable energy targets," the MNRE statement said. The revised order will come into effect 180 days from the date of publication. The order covers Solar PV modules, Inverters to be used in solar PV applications and storage batteries.

Essar Renewables signs agreement to invest Rs 8,000 cr in Maharashtra

Company will invest in renewable energy capacity for state's green mobility initiative

Renewables' share in India's energy mix to be stable at 21% in FY25: Ind-Ra

The share of renewables including large hydro in the country's overall energy mix is expected to remain stable at nearly 21 per cent in FY25, India Ratings and Research (Ind-Ra) said on Tuesday. The balance will be largely contributed by thermal capacity, the agency said in a report. "The share of renewables (including large hydro) in the overall energy mix is expected to remain stable at nearly 21 per cent in FY25, with the balance largely contributed by thermal," it said. As per official data, as of December 2024, India's overall power generation capacity was at 462 GW, of which 209.444 GW was renewables including hydro. The agency further said that it expects all-India energy requirement to grow 5-5.5 per cent year-on-year (yoy) during FY25, with incremental capacity additions of 30-35GW, largely led by renewables. Ind-Ra said it has also maintained a stable rating outlook for solar and wind projects for FY26, based on the historical generation profile (factoring volatility), .