Page 12 - Renewable Energy

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

Investments in renewables, roads & realty to hit ₹17.5 tn in 2 yrs: Crisil

Renewables to benefit from hybrid capacity push, roads from monetisation, and real estate from premiumisation and demand from global capability centres

Solar federation to govt: Extend transmission waiver charges by a year

NSEFI has requested an ISTS charge waiver extension for renewable projects set to be commissioned by June 2026 to safeguard viability and meet clean energy targets

JSW Energy commissions 281 MW renewable energy project in Maharashtra

JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in the overall capacity to 55 per cent. Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.65/KWh. The project is located in Maharashtra and is expected to be commissioned in the next 24 months. JSW Energy has total locked-in generation capacity of 29.9 GW comprising 12.5 GW ...

Serentica Renewables gets $100 mn debt funding from Rabobank, Socit Gnrale

Serentica Renewables on Thursday said it has secured USD 100 million in debt financing from global financial institutions Rabobank and Socit Gnrale to support the development of a 300 MW solar power project in Rajasthan. Serentica Renewables, a leading Commercial & Industrial (C&I) focused renewable energy company in India, has announced the financial close of its second External Commercial Borrowing (ECB) financing, according to a company statement. This strategic project has been designed to supply green energy to Bharat Aluminium Company Limited (BALCO), one of India's leading aluminum producers and a subsidiary of the Vedanta Group, marking another significant step in decarbonising India's industrial sector, it stated. Akshay Hiranandani, CEO of Serentica Renewables, said, "It's a crucial step in our mission to provide reliable, clean energy solutions that empower industrial giants like BALCO to decarbonise, driving a greener and more sustainable future for the nation. "We

Darkness to Disruption: This CEO is Lighting Up Rural India and Africa

In this episode of Manager’s Mantra, Manoj Sinha, CEO of Husk Power Systems and TIME100 Climate Leader, shares how renewable energy and AI are lighting up rural India.

India coal-fired power output falls at fastest pace in five years in May

India's coal-fired power generation fell 9.5 per cent in May on an annual basis to 113.3 billion kilowatt-hours (kWh)

India's energy transition, grid security hinge on strategic diversification

Regulatory frameworks must evolve to recognise both 'strategic premium' and 'cybersecurity premium' as legitimate components in tariff determination

Sharmistha Panoli's accuser booked for hate speech, missing: Kolkata Police

Kolkata Police have filed an FIR against Wajahat Khan Qadri, who filed a case against influencer Sharmistha Panoli. Qadri is now absconding over allegations of posting hate content online

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

Vedanta has increased its clean energy capacity to 1.03 GW and aims to achieve 2.5 GW by 2030 as part of its strategy to reach net zero carbon emissions by 2050 or earlier

Waaree Renewable Technologies bags Rs 345 cr solar project in Rajasthan

Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth Rs 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than Rs 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement