Renewable Energy Sector

Inox completes ₹6,000 cr acquisition of BlackRock-owned GIP's Vena Energy

Inox Clean Energy on Tuesday said it has completed the acquisition of BlackRock-owned GIP's Vena Energy India Holdings Pte Ltd, Vena Group's India renewable energy platform, for a total transaction value of about Rs 6,000 crore. The transaction represents one of the fastest signing-to-execution deals in the renewable energy sector, having been completed within two months, despite involving multiple stakeholders and financing partners, according to a company statement. The entire transaction value has been secured through internal equity and refinancing, highlighting Inox Clean's strong financing capabilities and ability to execute complex transactions at speed. Vena Energy India's renewable portfolio comprises about 1 GW of operational capacity, 1.7 GW of solar and wind and 1.2 GWh of BESS assets at advanced stages, along with an additional 2.7 GW of solar and wind and 1.3 GWh of BESS development pipeline. Following completion, Inox Clean's operating and near-operational portfolio

Solar met over 20% of peak power demand in June quarter: CREA report

Solar generation rose 37 per cent year-on-year in Q1FY27 and met more than one-fifth of peak electricity demand as renewable energy's role in India's power mix expanded

India's emission record improved in 2025: Global climate consultants

India recorded its slowest rise in carbon emissions since the pandemic, aided by slower fossil fuel use and rapid renewable energy growth, a global report shows

Suzlon Energy soars 7%, trades at 7-month high; what's driving stock?

Suzlon Energy quoted higher for the third straight trading day, rallying 11 per cent to ₹59.25, its highest level since November 7, 2025.

Suzlon 2.0: Why the renewable energy giant's strategic shift matters

The company's 'Suzlon 2.0' strategy signals a shift towards integrated clean energy solutions as India prepares for its next phase of renewable growth

Premier Energies promoters divest 5.3% stake; JM launches pvt credit fund

The appointments of Saurabh Shukla and Gopalan S Raghavan as executive directors (ED) at BSE come after a regulatory mandate to strengthen governance of exchanges and other market institutions

What is driving the volatility in India's spot power prices?

Rising renewable energy generation, erratic weather patterns and supply-demand mismatches are triggering sharp swings in India's spot electricity prices across market segments

India's renewable energy industry calls for state-specific bids

Smart meters are a solution to many issues in the power sector and the use of its data should be made compulsory so that the ACS-ARR gap of discoms can be reduced further, Mishra said

Emmvee Photovoltaic hits 52-week high on Q4 beat; JM Fin eyes 25% upside

Emmvee reported revenue from operations of ₹1,738.8 crore, up 62 per cent Y-o-Y from ₹1,071.7 crore in the year-ago period

Discom appetite for vanilla solar has weakened, says MNRE secretary

Santosh Kumar Sarangi outlines focus on transmission upgrades, distributed renewables and offshore wind as India tackles grid stress and stranded green capacity

HSBC Global bets on renewables; initiates 'Buy' on ACME Solar, Clean Max

The brokerage initiated 'Buy' on ACME Solar with a target price of ₹350. Similarly, Clean Max is rated 'Buy' as well with a target price of ₹1,150.

India must overhaul its electricity model to reduce energy vulnerability

A tenfold increase in the share of renewables in the total energy supply is needed

ALMM II may give investment opportunity, says Fujiyama Power Systems

Mandatory domestic sourcing of solar cells under ALMM II from June may create supply shortages, prompting fresh investments and capacity expansion by Indian manufacturers

ReNew Energy set to secure $800 million refinancing loan this year

The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change

'Electro' states will prevail over 'petro' states: ReNew CEO at BS Manthan

At Business Standard's Manthan Summit, ReNew Chairman and CEO Sumant Sinha said countries like India, which are driving electrification, hold a technological edge over nations pushing for fossil fuels

Lower consumer power costs key to AI-renewable success: MNRE Joint Secy

The success of artificial intelligence and renewable energy convergence will be when the overall power cost comes down, and industrial competitiveness goes up, a government official said on Monday. India has been significantly adding renewable energy capacity, and the country's total capacity is around 520 GW. Also, there is around 35 GW of distributed renewable energy capacity. JVN Subramanyam, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), said Artificial Intelligence (AI) is going to be a game changer, especially for distributed renewable energy. He was participating in a session on 'Global Mission on AI for Energy Scaling through citizen-centric India Energy Stack' at the AI Impact Summit in the national capital. "I think in the next two to three years' time, success in AI and the renewable energy convergence would be where the overall cost of power to the consumers goes down, our industrial competitiveness goes up, and consumer empowerment becomes prosume

Renewable energy industry seeks sops for green finance in FY27 Budget

The renewable energy industry has sought incentives for research and development as well as for the manufacturing of ingots and wafers in the FY27 Union budget, as the sector looks to transition from capacity additions to execution certainty. The industry has also asked for measures to ramp up transmission infrastructure and long-term green finance. Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for the financial year 2026-27 in Parliament on February 1. Industry stakeholders said sustained growth in renewables would depend on policy clarity, financially sound utilities and bankable power purchase agreements, along with targeted interventions to support distributed solar, storage-linked solutions and hybrid systems. Jakson Group Chairman Sameer Gupta said the FY27 budget offers an opportunity to shift the focus from headline capacity announcements to ensuring execution across the renewable energy ecosystem. A clear policy push towards distributed energy

Nuvama upgrades Suzlon to 'Buy' as wind outlook improves, capacity ramps up

Suzlon Energy stock: The brokerage has trimmed its target price to ₹60 from ₹66, reflecting a lower valuation multiple due to a temporary slowdown in central tendering activity.

Centre denies issuing advisory to halt new clean energy financing

The clean energy ministry's letter rattled solar manufacturers in the country, with many raising concerns that the move could choke financing for the entire sector

India to become fastest-growing renewable energy market by 2030: WEF

A World Economic Forum report says India will lead global growth in renewable capacity and generation through 2030, driven by higher clean-energy investment and policy support such as PLI schemes