Page 4 - Renewable Enrgy

Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW

Nxtra by Airtel on Monday said it will source additional 125.65 megawatt renewable energy from Ampin Energy under a fresh agreement signed between the two companies. With this, the total renewable energy partnership between the two companies has crossed over 200 MW (megawatt). "Nxtra by Airtel and AMPIN Energy Transition have strengthened their partnership with a new, power-wheeling agreement involving 125.65 MW of solar-wind hybrid energy through Inter-State Transmission System (ISTS) connected plants," Nxtra said in a statement. Earlier, the company had signed two deals for sourcing around 75 MW renewable energy from Ampin. The additional capacity will be delivered to Nxtra in two phases, each through captive solar-wind power projects in Rajasthan and Karnataka, respectively, the statement said. "This achievement highlights our leadership in using ISTS-backed clean energy to power our facilities sustainably, boosting reliability and ensuring tangible climate impact," Nxtra by ..

NLC India arm NIRL to go public in Q2FY27; raise ₹4,000 crore: CMD

NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. The company plans to file draft papers with markets regulator SEBI in the first quarter of 2026-27. "We are targeting Rs 4,000 crore through IPO route...So by September we will be in a position to ramp up our renewable assets through NIRL and by March 2026 we will be able to complete the legal and the financial due diligence and in the first quarter of 2026-27 we will be going for DRHP through the SEBI," the CMD explained. N

NLC India to invest ₹1.25 trn capex by 2030, bets big on renewable energy

NLC India Ltd, a public sector enterprise, is planning to invest Rs 1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 crores for mining. The official elaborated that out of the Rs 65,000 crore capex on renewables, around Rs 15,000 crore will be on the battery storage system. We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around 1.25 lakh crore by 2030, Kumar told PTI Videos. NLCIL is arranging finance for the planned capex of Rs 1.25 lakh crore through internal

Adani Green Energy's operational renewable capacity rises 45% to 15,816 MW

Adani Green Energy Ltd on Friday said its operational renewable energy generation capacity rose 45 per cent to 15,816 MW during June quarter as compared to the year-ago period. It had an operational RE capacity of 10,934 MW in April-June 2024, a regulatory filing said. The 15,816 MW RE capacity includes 11,156 MW solar, 1,986 MW wind and 2,674 MW hybrid renewables. The sale of renewable energy rose 42 per cent to 10,479 million units (MUs) in the quarter from 7,356 MUs in the same period a year ago. The company has already met the 31 per cent or 6,138 MUs of its total committed generation of 19,667 MW (annual commitment as per power purchase agreements) in June quarter only. It operationalised 3,763 MW of solar, 585 MW wind and 534 MW hybrid renewable capacity and added greenfield RE capacity of 1.6 GW in the quarter. The company is aiming 50 GW renewable portfolio by 2030.

Aligning RE with development goals can lift 193 mn from poverty: UNDP study

A new study by the United Nations Development Programme (UNDP) has revealed that aligning renewable energy goals with broader development policies could lift 193 million people out of extreme poverty by 2060, while unlocking USD 20.4 trillion in cumulative savings for the global economy. The study, conducted by the United Nations Development Programme (UNDP), University of Denver's Pardee Institute and Octopus Energy, was set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms, could unlock triple wins: cutting emissions, boosting economies and delivering real social benefits. The report simulated three scenarios to assess outcomes for emissions, economic growth, and social progress. In a business-as-usual scenario, the global energy system remains dependent on fossil fuels, accounting for over 50 per cent of primary energy by 2060. This trajectory would push global warming to 2.6C, exacerbating poverty, malnutrition and lack

Reliance Industries' solar leap prompts Nuvama's highest-ever target price

Nuvama forecasts that the company's 10GW module & cell capacity, to be fully operational by early CY26, could contribute an incremental ₹3,800 cr to consolidated PAT, equivalent to 6% of FY25 earnings

India's renewable energy capacity rises 17% to 227 CW in May: Joshi

India's total renewable energy capacity grew 17.13 per cent year-on-year to 226.74 gigawatts (GW) in May, Union Minister Pralhad Joshi said on Wednesday. "India's #RenewableEnergy sector has witnessed unprecedented growth under the visionary leadership of Hon'ble PM Shri @narendramodi ji. From solar to wind energy, our nation is paving the way for a brighter and more sustainable future!," the Minister for New and Renewable Energy (MNRE) said in a post on X. The renewable energy capacity has surged 17.13 per cent year-on-year to 226.74 GW in May from 193.58 GW in the same month last year, as per the data shared by the minister in his post. Of the total, solar power capacity expanded 31.49 per cent to 110.83 GW from 84.28 GW in May 2024. Wind capacity witnessed a rise of 10.49 per cent to 51.29 GW against 46.42 GW last year. In a separate post, Joshi said clean energy is shaping India's journey of progress and pride. "Guided by @narendramodi ji's leadership, it has become a powerfu

India's renewable energy capacity in total energy mix rises to 49% in Apr

India's renewable energy share in the total installed power capacity has increased to 49 per cent in April 2025 from 32 per cent in 2014, Union Power Minister Manohar Lal said on Friday. Addressing the Regional Conference for the Northern Region States/UTs in Chandigarh, the minister said states should also work on having an adequate power generation mix, including the addition of nuclear generation capacity while meeting their resource adequacy plan. He also pointed out that states should complete the installation of prepaid smart metres in government establishments and colonies by August 2025 and for all commercial, industrial and high-load consumers by November 2025. States should work towards listing power sector utilities to generate additional resources and improve transparency and governance, the minister noted. "We successfully met a peak demand of 250 GW in May 2024 and India has transformed from power-deficit to a power-sufficient nation and as of today, peak demand short

Here's why KPI Green share price is buzzing in trade on June 6; details

KPI Green Energy shares surged after its parent, KP Group, announced the signing of three strategic MoUs with Delta Electronics India, aimed at accelerating clean energy and technology deployment.

Waaree Renewable share price pops 4% on securing order worth ₹346 crore

Waaree Renewable shares popped after it bagged a Letter of Award (LOA) from a renewable generation company for the execution of EPC works of a solar power project of 300 MW AC/435 MW DC capacity.

SWREL Global CEO announces 225 MW solar project in Gujarat region

Sterling and Wilson Renewable Energy on Thursday said it has secured a 225 MW solar project in Gujarat. Sterling and Wilson Renewable Energy Limited (SWREL), a domestic renewable energy EPC company, emerged as the L1 bidder in a tender issued by a leading PSU developer for a turnkey EPC package to develop a 225 MW (AC) grid-connected solar PV project in Gujarat, according to a company statement. SWREL Global CEO Chandra Kishore Thakur said, "We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market." SWREL provides engineering, procurement, and construction (EPC) services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 22.6 GWp (including projects commissioned and under various stages of construction). It also manages an operation and maintenance (O&M) portfolio of 8.7 GWp solar power projects, including ...

Sanjay Banga named President-Renewables, to lead Tata Power's green unit

Tata Power on Wednesday redesignated Sanjay Banga, President-Transmission & Distribution as President-Renewables with effect from June 1, following the resignation of Deepesh Nanda from the post. Nanda has submitted his resignation due to personal commitments and will be relieved from his services with effect from the close of business hours on May 31, 2025, a regulatory filing said. According to the filing, pursuant to an internal reorganization Sanjay Banga, PresidentTransmission & Distribution has been re-designated as President Renewables and appointed as CEO & Managing Director of Tata Power Renewable Energy Ltd from June 1, 2025. Banga heads the Transmission and Distribution Vertical at Tata Power which includes Mumbai, Delhi, Ajmer Distribution and Powerlinks Transmission. Prior to this, he was Chief Executive Officer of Tata Power Delhi Distribution Limited (Tata Power-DDL), a Public Private Partnership (JV) of Tata Power and Government of National Capital ...

ReNew Power to build Rs 22,000 crore RE facility in Andhra Pradesh

A government source said State Industries Minister Nara Lokesh would attend the groundbreaking ceremony on May 16

Epigral Q4 results: Net profit rises 13% YoY to Rs 87 cr in March quarter

Integrated chemical manufacturer Epigral on Monday reported a 13 per cent increase in net profit to Rs 87 crore for the fourth quarter of the last fiscal. The company had posted a net profit of Rs 77 crore in the year-ago period. Its total revenue rose 20 per cent in the fourth quarter to Rs 631 crore from Rs 526 crore a year ago. For the full fiscal 2024-25, the company reported a 33 per cent year-on-year increase in revenue to Rs 2,565 crore. Epigral Chairman and Managing Director Maulik Patel said the company reported "the highest ever revenue" in 2024-25. "This growth is on account of a volume rise of 11 per cent, majorly from high-value products. Derivatives and Specialty business volume grew by around 24 per cent in FY2025 and its contribution to revenue touched 54 per cent compared to 45 per cent in FY24," he said in a statement. The company announced expanding its CPVC and Epichlorohydrin capacity, which are expected to be commissioned in the 1st half of FY2027. The integ

Wind sector investing in tech, workforce to reach 100 GW by 2030: IWTMA

India's wind energy sectors is investing in capacity, technology innovation, and workforce development to help the country reach 100 GW of production by 2030, industry body IWTMA has said. At present, the country has an installed wind energy capacity of over 50 GW, as per the latest report of March 2025 of Central Electricity Authority. "The Indian wind industry is fully aligned with the government's clean energy vision. We are investing in capacity, technology innovation, and workforce development to achieve 100 GW of wind energy by 2030," said Aditya Pyasi, CEO, Indian Wind Turbine Manufacturers Association (IWTMA). At a high-level meeting with the Ministry of New and Renewable Energy (MNRE) recently, IWTMA outlined the industry's readiness to scale up manufacturing, generate employment, and advance the 'Make in India' mission, the industry body said in a statement. India currently has over 18 GW of annual domestic manufacturing capacity for wind turbines and components, it ...

Delay in Greenko stake sale as weak markets, low valuations weigh

RE projects valuations take a hit due to volatile stock markets

Amaravati set to become world's first fully renewable-powered city

Amaravati, the planned capital of Andhra Pradesh, is set to create history as it targets to become the world's first city to be powered entirely by renewable energy as town planners look to build an ultra-modern yet environmentally sustainable 'people's capital'. With an ambitious plan to harness 2,700 megawatts (MW) of green energy, the city aims to meet all its electricity needs through sustainable sources like solar, wind, and hydropower, officials said. Andhra Pradesh chief Minister N Chandrababu Naidu's dream new capital city project firmly aligns with India's broader commitment to clean energy and climate action. The foundation stone for the greenfield capital city on the banks of Krishna river is expected to be laid by Prime Minister Narendra Modi sometime this month. The Rs 65,000-crore project is spread across 217 square kilometers, with Andhra Pradesh Capital Region spanning an area of 8,352 sq km. The country's newest capital coming up between Vijayawada and Guntur will

Zelestra India appoints Prashant Kumar as chief financial officer

Renewable energy solution provider Zelestra India on Thursday announced the appointment of Prashant Kumar as Chief Financial Officer (CFO) with immediate effect. Kumar will report to Sajay K V, the CEO, and will oversee all financial operations for India with a focus on strengthening financial governance, driving strategic planning, and optimizing capital efficiency to support business expansion, the company said in a statement. The appointment comes as Zelestra continues to strengthen its market position, the CEO said. "The company is growing every day. We now have a pipeline of wind, solar and BESS technology of over 5 GW in total, with three major projects in construction this year. This accelerated growth means we need a top senior leadership team to ensure we rise to all of the challenges ahead. Therefore we welcome Prashant to Zelestra India team," he said. Kumar has a post-graduate degree in Management from XIMB (Xavier Institute of Management, Bhubaneswar) and more than two

DLF Camellias flat for ₹43 cr, ₹6.2 cr to mother: Where Gensol funds went

Sebi accuses Gensol promoters of siphoning sanctioned EV loan funds to luxury purchases, stock trading, and unrelated ventures through circular transactions and connected firms

India targets 160 GW solar module capacity by 2030: NSEFI CEO

This leap would represent a doubling of the current module capacity of approximately 80 GW in 2025 and a significant rise in cell production capacity - set to increase eightfold