RENEWABLE ENERGY INDIA
India revokes grid access for 17 GW of clean energy projects, says source
India has cancelled grid access for 17 GW of delayed clean energy projects, prioritizing operational and near-completion projects amidst surging power demand. This action, impacting companies like Adani Green and ReNew Power, aims to streamline grid rules and ensure uninterrupted electricity supply. The country is striving to achieve its ambitious 500 GW non-fossil fuel target by 2030.
Vikram Solar bags 336 MW module supply order from L&T for Khavda solar project
Vikram Solar has secured a 336 MW module supply order from L&T Construction for the Khavda solar project in Gujarat. The company will supply its advanced Hypersol G12R modules, based on N-type technology, enhancing Balance-of-System efficiency and reducing the Levelized Cost of Energy. This project underscores Vikram Solar's commitment to excellence and harnessing the region's solar energy potential.
ACME Solar Holdings places order of 2 GWh Battery Energy Storage System
ACME Solar Holdings has ordered 2 GWh of Battery Energy Storage System (BESS) from Chuzhou Lishen New Energy Technology, facilitated by POSCO International and China FAW Group. This order, to be delivered over 6-10 months, will support ACME's FDRE and standalone BESS projects. With this purchase, ACME's total BESS procurement exceeds 5 GWh, ensuring timely project commissioning.
Vikram Solar shares zoom 7% after securing 336 MW module supply order from L&T
Vikram Solar's shares are set to gain attention following a significant 336 MW high-efficiency solar module order from Larsen & Toubro Construction. The modules, utilizing advanced Hypersol G12R N-type technology, will be deployed in Gujarat's Khavda Renewable Energy Park. This project is expected to improve efficiency and reduce the cost of solar energy.
GST cut to boost private investment in biogas sector
The Goods and Services Tax on biogas plants is now lower. The new rate is five percent. This change should bring more private investment. The Indian Biogas Association believes projects will become cheaper. They also think this will create jobs. The association hopes for more focus on the supply chain. This move can help biogas projects in India.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
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Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project will meet Bhutan's winter power demand and export surplus energy to India during summer.
Adani Power to set up 570 MW hydro power project in Bhutan in partnership with Druk Green Power
Adani Power and Druk Green Power Corporation Limited have signed an agreement for a 570 MW hydroelectric project in Bhutan. The Wangchhu project aims to meet Bhutan's winter power demand. It will also export surplus power to India during summer. Construction is expected to start in 2026. The project is targeted for completion within five years.
Clean energy just 6.1 pc of Himalayan nations' supply despite huge potential: ICIMOD
A new report highlights the untapped renewable energy potential in the Hindu Kush Himalaya region, particularly hydropower, despite climate change risks. While Bhutan and Nepal lead in renewable electricity, fossil fuels dominate in other countries like India and China. The region needs infrastructure investment and technology exchange to fully utilize its clean energy resources and achieve climate goals.
India's solar industry, aiming to compete with China, finds strength as US tariffs hit home
India is aggressively expanding its solar manufacturing capabilities to compete with China, driven by government support and growing domestic demand. ReNew's factory in Jaipur exemplifies this push, contributing significantly to India's clean energy transition. Despite challenges like U.S. tariffs and reliance on Chinese materials, India's solar industry is poised for growth, aiming for energy independence and ambitious renewable energy targets.
GST 2.0 can renew promise of renewables biz, cut power bills
The Goods and Services Tax (GST) Council decided to cut tax on renewable energy parts. Tax rate reduced from twelve percent to five percent. This will boost manufacturing and make renewable energy cheaper. Solar and wind power projects will cost less. Waaree Energies and Suzlon Group plan to pass on the benefits to consumers.
Nomura initiates coverage on Waaree Energies, Waaree Energies; predicts upside of up to 16%
Global brokerage Nomura has initiated coverage on Waaree Energies and Premier Energies, assigning a ‘Buy’ and ‘Neutral’ rating respectively. The brokerage cited India’s power demand, expected to grow at a 6% CAGR through FY30, as a key growth driver for potential upside in both stocks.
India's tax cut on solar and wind devices to lower clean energy tariff, experts say
India's reduction of the goods and services tax (GST) on solar and wind equipment to 5% from 12% is set to decrease costs for new renewable energy plants. Experts believe this tax cut will pressure existing project developers to lower tariffs, accelerating India's transition to renewable energy sources and potentially unlocking stalled projects.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
The energy transition is now a national security issue. Just ask India
India faces scrutiny over Russian oil imports, highlighting energy security concerns. The nation heavily relies on oil imports but is more self-sufficient in electricity, mainly from coal and renewables. While oil dependence seems strong, boosted by discounted Russian oil, India is pushing for electrification and renewable energy.
Coal India issues tenders to build 5 GW of renewable power capacity
Coal India, facing a production dip of 3.5% in the initial five months of this fiscal year, is diversifying its energy portfolio. The state-run mining giant has issued tenders for 3 GW of solar and 2 GW of wind power projects. This move aims to boost revenue sources and expand its renewable energy capacity to 9.5 GW by 2030.
Top Indian miner’s renewable plan looks at a future beyond coal
Coal India Ltd., the world's largest coal producer, is diversifying its portfolio by seeking bids for 5 gigawatts of renewable energy projects, including 3 GW of solar and 2 GW of wind. This move addresses concerns about declining coal demand due to growing renewable energy adoption and increased competition. The company aims to install 9.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
Waaree Energies shares in focus on Rs 192 crore acquisition of 64% stake in Kotson’s Pvt Ltd
Waaree Energies is set to acquire a 64% stake in Kotson’s Private Limited for ₹192 crore, aiming to bolster its position in the power value chain. The acquisition, expected to close by September 30, will grant Waaree Energies greater control over supply and product quality. Additionally, Waaree Energies will acquire 100% shareholding in Impactgrid Renewables for ₹1 lakh.
India now offers round-the-clock renewable energy at globally unmatched rates: Piyush Goyal
Piyush Goyal says India excels among G20 nations in sustainability. He highlights PM Modi's role in COP21 success. India aims for 500 GW renewable energy by 2030, using Make in India products. Goyal urges startups to innovate in water harvesting and energy efficiency. He notes India's resilient supply chains and commitment to sustainability.
About 83% green energy switch funded domestically, need to unlock international finance: WRI India CEO
WRI India emphasizes the need to unlock international finance for India's green energy transition, as domestic funding covers 83% of the costs. Sectors like green steel and aviation require foreign investment to meet climate goals. The organization signed MoUs to accelerate clean energy adoption and electric mobility, urging MSMEs to embrace resilience and green skilling.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
KNY Projects, Electrotech join hands to develop 200 MW solar power capacity
KNY Projects and Electrotech have signed an agreement to develop and commission up to 200 MW of solar power plants across Rajasthan, Uttar Pradesh, and Madhya Pradesh. Electrotech will supply core equipment, while KNY Projects will oversee project development and operations. The plants are expected to generate over 360 million kilowatt-hours annually, contributing to India's renewable energy goals.
India cuts fossil electricity output as clean generation hits new peak
India's clean electricity generation has surged by 20% in the first half of 2025, enabling a 4% reduction in fossil fuel-fired generation. This growth, driven by wind, solar, hydro, and nuclear power, is expected to push clean energy's share of the generation mix above 30% in the coming months, potentially peaking fossil fuel reliance.
Blackstone eyes clean energy foray with O2 Power cofounder
Blackstone may soon enter India's green energy sector. They are in talks with Parag Sharma to launch a renewable energy platform. Sharma previously sold O2 Power to JSW Energy. Blackstone plans to invest at least $500 mn in this venture. This move aligns with India's goal of 500 GW renewable energy by 2030.
Smallcap company with 6,000% return in 5 years announces 1:10 stock split. Check details
Websol Energy System announced a 1-for-10 stock split, making shares more affordable for retail investors after delivering 6,000% returns in 5 years. Alongside, the company unveiled a ₹3,000 crore expansion plan to boost solar cell and module capacity by 2028.
Hitachi Energy invests Rs 300 cr to expand Mysuru facility
Hitachi Energy is investing Rs 300 crore to expand its Mysuru plant, doubling the production of high-quality pressboard and laminated board. This investment is part of a larger Rs 2,000 crore plan to meet rising global demand for transformer insulation materials.
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