Page 3 - Renewable Energy

Clean Max Enviro Energy IPO opens Feb 23; sets price band at ₹1,000-1,053

Clean Max Enviro aims to raise ₹3,100 crore through a combination of fresh issue of 11.4 million shares worth up to ₹1,200 crore and an OFS of 18 million shares worth up to ₹1,900 crore

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

Coal India doubles solar capex to ₹961 crore, surpassing FY26 targets

Coal India has more than doubled its solar capex to ₹961 crore this fiscal, exceeding full-year goals as it advances its 3,000 MW renewable capacity plan and scales up participation in solar auctions

Renewable energy accounts for 75% of total power capacity addition in FY26

Solar and wind led capacity growth as India added 52,537 MW between April and January, with renewable energy accounting for three-fourths of total additions

Rajasthan govt approves incentive packages for 10 ultra-mega projects

The Rajasthan government on Saturday approved customised incentive packages for 10 ultra mega projects involving an investment of about Rs 46,000 crore, officials said. The Board of Investment, in a meeting chaired by Chief Minister Bhajanlal Sharma, approved proposals related to solar module and cell manufacturing, renewable energy, cement, mines and minerals, automobile, chemical, textile and tourism sectors, an official statement said. The projects are expected to generate employment for more than 12,000 people in the state. The chief minister said the government's priority is to promote revenue growth along with job creation and directed officials to regularly monitor the progress of companies availing benefits under the Rajasthan Investment Promotion Scheme (RIPS). Sharma also instructed officials to review district-wise progress of MoUs signed during the Rising Rajasthan Global Investment Summit and to promote the "One District One Product" initiative. He further called for .

GREW Solar raises ₹1,050 crore to expand solar cell capacity to 8 GW

Chiripal Group-backed solar module maker to scale cell capacity from 3 GW to 8 GW, with fresh funds from Bay Capital and institutional investors

India's net-zero ambition is clear, but the climate finance gap looms

A NITI Aayog study flags a multi-trillion-dollar climate finance gap, urging institutional reform and new green funding mechanisms to keep India on track for net zero

Tata Power dips 3% post Q3 miss, renewables shine; brokerages retain 'Buy'

Tata Power reported a consolidated revenue from operations of ₹14,485 crore, down 4 per cent Y-o-Y compared to ₹15,118 crore in the year-ago quarter

Tata Power Q3 net profit drops 4%, scouting sites for nuclear SMRs

Mundra thermal plant shutdown drags earnings as Tata Power explores small modular nuclear reactors with state governments

Tata Power Renewable Energy commissions 198 MW wind project in TN

Tata Power Renewable Energy has commissioned a 198 MW group captive wind project for Tata Steel in Tamil Nadu, boosting clean power supply and decarbonisation efforts

Coal India production, offtake fall as power sector demand weakens

Coal India has reported lower production and offtake in April-January FY26, with analysts linking decline to reduced coal consumption by thermal power plants amid muted power demand, rising renewables

Gujarat leads India in renewable energy, contributes 16.5% of total

As of Dec 31, 2025, Gujarat had become the first largest contributor to the country's renewable energy capacity, with cumulative installations reaching 42.583 GW

Bid to address material intensity in renewables, cross-subsidy in power

Cross-subsidisation involves charging higher tariffs to industrial and commercial power consumers to offset lower tariffs for domestic and agricultural users

Eco Survey flags need to end power cross-subsidy, cut material intensity

Cross-subsidisation involves charging higher tariffs to industrial and commercial power consumers to offset lower tariffs for domestic and agricultural users

PRAGATI in Gujarat: Accelerating the growth engine via proactive governance

PRAGATI has functioned not only as a review platform but also as anticipatory governance

Earnings headwinds persist for JSW Energy after weak Q3 performance

The thermal portfolio has rising contracted offtake, with long-term power purchase agreements (PPAs) accounting for 82 per cent of total power sales and volumes up 63 per cent Y-o-Y

Waaree Renewable to buy 55% in Associated Power Structures for ₹1,225 crore

In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore

India plans ₹5.8 trn investment in 100 Gw hydro pumped storage projects

India plans ₹5.8 lakh crore investment to build 100 GW of hydro pumped storage projects by 2035-36 to support large-scale renewable energy expansion

Tamil Nadu amends wind power policy to extend life of old projects

Tamil Nadu amends its wind repowering policy, easing rules on life extension, banking and charges to revive ageing wind projects and boost renewable capacity

RPSG Group to invest ₹10.5K cr in Vijayapura, Ballari districts of K'taka

RPSG Group to invest ₹10,500 crore in Karnataka's Vijayapura and Ballari districts over three years, boosting the state's renewable energy ecosystem