Page 11 - Renewable Energy

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

Rooftop solar plant to be installed in 10 mn households by 2026-27: Govt

Rooftop solar plants will be installed in one crore households across the country by 2026-27 under the PM Surya Ghar Muft Bijli Yojana (PM-SGMBY), Union Minister of New and Renewable Energy Pralhad Joshi informed the Lok Sabha on Wednesday. Joshi also said that the central government has taken several initiatives and has been implementing various schemes and programmes for promotion and development of renewable energy in the country. "The government launched PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) in February, 2024 for installing rooftop solar for one crore households by 2026-27 across all states and UTs in the country," he said during the Question House. The minister said the government has also been implementing Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme across all states and UTs of the country. Under the scheme, capacities are allocated based on demand received and progress shown by the states and UTs, he said. Joshi said as per study on ...

NTPC Q1FY26 results: Profit rises 11% to ₹6,108.46 crore in April-June

State-owned power giant NTPC Ltd on Tuesday said its consolidated net profit increased 11 per cent to Rs 6,108.46 crore in June quarter. NTPC, the country's largest power generation company, had recorded a net profit of Rs 5,506.07 crore in the April-June period of preceding 2024-25 financial year. The company's revenues from operations came down to Rs 47,065.36 crore in the first quarter from Rs 48,528.88 crore in the same period a year ago. However, other income increased to Rs 755.75 crore from Rs 452.80 crore year-on-year. Total expenses were at Rs 42,539.94 crore as against Rs 41,844.18 crore in the corresponding quarter of FY25. However, NTPC brought down its fuel cost (a major component in power generation) to Rs 24,973.04 crore from Rs 27,844.82 crore in the year-ago quarter. Revenue from operations for the quarter ended June 2025 included Rs 2,331.44 crore on account of sale of energy through trading. Sale of energy through trading also includes exports amounting to Rs

ICRA downgrades NIIF backed Radiance Renewables' long term rating

ICRA lowers long-term rating to A- and outlook to negative citing delayed capacity additions and increased reliance on mezzanine debt by NIIF-backed RRPL

Turning used cooking oil into diesel blending feedstock remains a challenge

India's biodiesel blending rate was at a mere 0.60 per cent in FY25, against a target of 5 per cent by 2030, largely because of limited investments and challenges in collection of used cooking oil

Serentica to source wind turbines from SANY for 336 MW Karnataka project

Renewable energy firm Serentica Renewables on Tuesday said it will procure Wind Turbine Generators for its 336 MW Wind Project in Karnataka from SANY Renewable. Delivery for the project is expected to commence by December 2025, a company statement said. Serentica Renewables has selected SANY Renewable, a leading enterprise of high-end equipment manufacturing, to supply the Wind Turbine Generators (WTGs) for its 336 MW Wind Project in Karnataka, according to the statement The project will feature advanced SANY WTGs, each with a rated capacity of 4 MW. Akshay Hiranandani, CEO, Serentica Renewables, said in the statement, "336 MW wind project in Karnataka will play a pivotal role in reducing carbon emissions while providing a reliable, renewable energy source to industrial consumers." Gaurav Amdekar, COO, SANY Wind Energy India, said, "This partnership demonstrates our shared commitment to driving the transition to a low-carbon economy and contributing to India's renewable energy ..

Tata Power RE bags 30 MW/120MWh battery energy storage project from NHPC

Tata Power Renewable Energy Ltd (TPREL) has bagged a 30 MW/120 MWh battery energy storage project from state-owned NHPC. The project has been secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Ltd -- the end-user of the Battery Energy Storage System (BESS) asset, TPREL said in a statement on Friday. The project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Kerala. This means 30 MW of storage can provide back up of up to four hours. This is its first Battery Energy Storage Purchase Agreement (BESPA), TPREL said. It will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's

Govt allows NTPC to invest up to ₹20,000 cr in renewable energy

The government on Wednesday permitted state-run NTPC to invest up to Rs 20,000 crore for renewable energy capacity addition to achieve 60 GW capacity by 2032. I&B Minister Ashwini Vaishnaw shared details about the decision taken at the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The CCEA has enhanced delegation of power to NTPC Ltd to invest in NTPC Green Energy Ltd (NGEL) and subsequently, NGEL investing in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries up to Rs 20,000 crore for Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032. The earlier approved prescribed limit for NTPC was Rs 7,500 crore. The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country, an official release said. The move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock ...

Cabinet approves ₹7,000 crore NLCIL investment in renewables push

Centre eases investment restrictions for NLCIL, enabling 10 GW renewable energy target by 2030 and transfer of existing assets to new clean energy subsidiary NIRL

NTPC gets approval to invest up to ₹20,000 crore in renewable energy push

Centre raises NTPC's investment ceiling via NGEL to accelerate renewable energy capacity addition, supporting India's goal of 500 GW non-fossil power by 2030

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