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Last edition
January-February 2025

Govt. Approves 8 Different Methodologies Under Offset Mechanism to Advance Carbon Market

The Indian government has approved detailed procedures for the offset mechanism and eight different methodologies under offset mechanism to advance Indian Carbon Market. It includes methodologies for renewable energy (including hydro and pumped storage), green hydrogen production, industrial energy efficiency, among others.

Policies & Regulations | 31/03/2025 | By Mrinmoy Dey

Waaree Energies Inaugurates its 5.4 GW Solar Cell Gigafactory Facility in Chikhli, Gujarat

Waaree Energies Ltd. celebrated the grand inauguration of its advanced 5.4 GW solar cell gigafactory facility in Chikhli, Gujarat. Spread across 150 acres, with a built-up area of 101 acres, this facility stands as a testament to our commitment to a sustainable energy future for the nation.

Renewable energy / Solar PV | 31/03/2025 | By News Bureau

Himachal Pradesh, Telangana Sign INR 6200 Cr MoU for 520 MW Hydropower Projects in Lahaul-Spiti

Himachal Pradesh has signed an MoU with the Telangana government for the development of 400 MW Seli and 120 MW Miar hydroelectric projects in Lahaul-Spiti, with an estimated cost of INR 6,200 crore. Himachal will receive 12 percent, 18 percent and 30 percent free power for the first 12 years, the next 18 years and the remaining 10 years, respectively.

Renewable energy / Hydropower | 29/03/2025 | By Mrinmoy Dey

ONGC Approves INR 3,300 Crore for Ayana Renewable Power Acquisition

ONGC approved an investment of INR 3,300 crore in ONGC Green for the 100 percent acquisition of Ayana Renewable Power. The shareholding will be through ONGC NTPC Green Pvt. Ltd., a 50:50 joint venture between ONGC Green and NTPC Green Energy Ltd.

Business | 27/03/2025 | By EI News Network

Nagaland to Implement PM Surya Ghar Muft Bijli Yojana

Nagaland will implement the PM Surya Ghar: Muft Bijli Yojana under the Nagaland Solar Mission, offering 96 percent subsidy for up to 2 kW and 85 percent for up to 3 kW, including central financial assistance (CFA), for rooftop solar systems. An INR 10 crore budget is allocated for FY 2025-26.

Policies & Regulations | 26/03/2025 | By Mrinmoy Dey

Ameresco Completes Solar-Integrated Covered Parking Project at Killeen Regional Airport

Ameresco, Inc. announced the successful completion of Killeen Regional Airport’s solar-integrated covered parking project.

Renewable energy / Solar PV | 03/04/2025 | By News Bureau

IGL Board Approves INR 382 Crore Equity Investment for 500 MWp Solar Project in Rajasthan

Indraprastha Gas Ltd. (IGL) has approved an INR 382 crore equity investment for a 500 MWp solar plant in Rajasthan, developed through a JV with RVUNL as part of its renewable energy expansion strategy.

Investment & Trading | 03/04/2025 | By Mrinmoy Dey

Energy Vault Signs Licensing Agreement with SPML Infra to Accelerate B-VAULT BESS Deployment in India

Energy Vault announced that it has signed a new licensing and royalty agreement with SPML Infra Limited. The agreement is expected to accelerate the manufacturing and deployment of Energy Vault’s B-VAULT BESS technology alongside the Company’s VaultOS EMS software, in the Indian market.

Energy Storage | 03/04/2025 | By News Bureau

Dubai’s Highways to Power Up with E2SOL Solar-Powered Median Barriers

E2SOL introduces Smart Solar Highway, integrating solar modules on median barriers across Dubai’s highways. Generating 612,337 MWh annually, this microgrid enhances EV infrastructure, grid resilience, and sustainability, supporting Dubai’s Clean Energy Strategy 2050 and Net Zero Carbon Emissions Strategy 2050.

Middle East Market | 03/04/2025 | By EI News Network

Pace Digitek Files DRHP with SEBI for INR 900 Crore IPO, Plans Investment in BESS Projects

Pace Digitek has filed the draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 900 crore through an initial public offering (IPO). About INR 630 crore from IPO proceeds will be used for the company’s 750 MW/1,500 MWh BESS projects for MSEDCL in Maharashtra.

Investment & Trading | 03/04/2025 | By Mrinmoy Dey

ACME Solar Secures INR 2,491 Crore Financing to Refinance Debt and Cut Costs

ACME Solar Holdings has secured Rs 2,491 crore long term project finance facility for project life of 18- 20 years to refinance its existing debt facilities and reduce cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab.

Business | 03/04/2025 | By News Bureau

Middle East Energy 2025 Expands with Battery and eMobility Focus

The 49th Middle East Energy exhibition, set for April 7-9 at DWTC, introduces The Battery Show Middle East, expanding its footprint with six conferences. Under UAE Ministry patronage, it aims to drive energy innovation, electrification, and sustainable solutions across the region.

Middle East Market | 03/04/2025 | By EI News Network

Sarala Project Works, Oriana Power and Pace Digitek Win KTPCL’s 500 MW/1,000 MWh BESS Auction

Karnataka Power Transmission Corporation’s (KPTCL) auction for 500 MW/1,000 MWh standalone BESS projects has attracted the lowest bid of INR 2.49 lakh/MW/Month. A total capacity of 350 MW/700 MWh has been awarded to Sarala Project Works, Oriana Power, and Pace Digitek.

Energy Storage | 03/04/2025 | By Mrinmoy Dey

Maharashtra Govt Approves E-Bike Taxi Services in Cities with Over 1 Lakh Population

The policy is expected to generate around 20,000 jobs in urban areas, with approximately 10,000 positions in the Mumbai Metropolitan Region.

Other Energy Applications / Sustainable Transport | 03/04/2025 | By Aishwarya

AMPIN Energy Transition Signs PPA with Poly Medicure to Supply 9.9 MWp Solar Power in Haryana

AMPIN Energy Transition has signed a 9.9 MWp solar power PPA with Poly Medicure, supporting the company's sustainability goals by supplying solar energy to five plants in Faridabad from its 75 MWp solar park in Sirsa, Haryana.

Renewable energy / Solar PV | 03/04/2025 | By Mrinmoy Dey