Page 6 - Renewable Energy

Avaada Group plans to add 5GW renewable projects in FY27: Chairman

Avaada Group is looking to add renewable energy projects totalling 5 gigawatt (GW) in the current financial year as the company has signed PPAs and received connectivity approvals for the upcoming capacities, a company executive said. The group was able to add 2 GW of renewable energy projects during the last financial year, said Chairman Vineet Mittal. Another 1-2 GW capacity could have been added in FY26 but due to issues related to signing of PPAs and transmission infrastructure , the company was unable to do so, he noted. "Last year we could have brought 1-2 gigawatts more, but due to delays in the signing of PPAs and delays in full readiness of the transmission system, we had to align our commissioning schedule with the readiness transmission system," Mittal said in reply to a question if his company had to push timelines for planned capacities due to transmission and grid connectivity issues. With addition of 5GW, the company's overall operational capacity will reach 12GW by

Best of BS Opinion: Water stress, IIP reforms, and the Quad's quandary

Today's BS Opinion examines India's deepening water stress, the revised IIP framework, Middle East-linked growth risks, the Quad's evolving strategy, and a review of The Liver Doctor

India's energy investment likely to reach $170 billion in 2026, says IEA

The IEA said India's energy investment growth has been driven by solar, coal, transmission and battery storage infrastructure expansion

Power stocks surge on strong order books, demand outlook and earnings

Shares of power companies surged as investors cheered strong order books, renewable energy demand and robust earnings visibility across the sector

Power index hits new high, zooms 24% in 2 mths; BHEL, CG Power at new peaks

Siemens Energy, CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, ABB India, Hitachi Energy India, Siemens and Adani Green Energy were up in the range of 4-8% in Wednesday's trade.

Worsening climate change main culprit behind India's extreme heat: UN

The ongoing extreme heat across large parts of India is primarily driven by worsening climate change caused by the massive burning of coal, oil, and gas, UN climate chief Simon Stiell said on Wednesday. He also highlighted the severe human and economic impact of the heatwave, particularly on people living in homes without cooling facilities and those working long hours outdoors. "These extremes drive home the importance of measures to adapt to climate impacts, globally," said Stiell, the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), in a statement. His remarks came as the India Meteorological Department (IMD) on Wednesday said heatwave to severe heatwave conditions were likely to persist over central and northwest India for the next two to three days. The soaring temperatures have also led to a record-breaking power demand across the country. Peak power demand touched 257.3 GW on May 18, 260.4 GW on May 19, 265 GW on May 20, and a record

Karnataka plans sops for data centre cooling solution providers

The Karnataka government is considering incentives for firms developing sustainable data centre technologies, including low-water cooling systems and renewable energy integration

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

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

No blanket extension of ALMM list for solar cells beyond June 1, says MNRE

Under the existing framework for ALMM List-II for solar PV cells, net-metering projects and open-access projects commissioned before June 1, 2026, are exempt

Karnataka may offer sops for innovative data centre cooling solutions

Karnataka's upcoming data centre policy may incentivise firms developing innovative cooling, renewable energy and cable landing station solutions

India eyes next leap in power transmission with 1,150 kV UHV integration

India is planning to integrate a 1,150 kV ultra high voltage transmission system into its power grid to support large-scale renewable energy expansion and long-distance power transfer

Rajasthan govt installs over 200K rooftop solar plants under PMSG

Aims to double monthly installations by December 2026

IMFA bets on ferro chrome expansion, renewables for next growth phase

IMFA is expanding ferro chrome capacity, scaling renewable energy use, and exploring critical minerals as it prepares for the next phase of growth

Tighter DSM rules for grid stability raise concerns over RE viability

India's tighter DSM rules aim to improve grid discipline amid rising renewable energy penetration, but industry experts say wider reforms are needed to balance stability and project viability

BII, CIP launch $300 million platform to support India's energy transition

British International Investment and Copenhagen Infrastructure Partners have launched a $300 million renewable energy platform focused on India's clean energy transition

Inox Clean acquires US solar manufacturer Boviet Solar for $750 million

Acquisition gives Inox Clean 3 GW each of module and cell manufacturing capacity in the US amid rising demand for renewable energy

Geothermal energy has 450 GW power potential in India, says report

CEEW and Project InnerSpace report highlights vast geothermal potential for electricity, cooling and industrial applications across several Indian states

CERC floats idea of capacity market for electricity, calls for comments

Suggested reforms aim to ensure power availability during system stress

Govt discusses faster BESS rollout, transmission push for RE integration

Ministries review energy storage deployment, transmission projects and time-of-day tariffs to strengthen renewable energy integration and grid stability