Ahmedabad-based pharmaceutical company Concord Biotech has entered into a strategic agreement to acquire a 26% equity stake in Clean Max Everglades, a Clean Max Enviro Energy Solutions (CMEESPL) special purpose vehicle that is setting up a renewable...

Reliance Industries will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy (RECPDCL) for ₹80 million (~$923,782) to set up an interstate transmission system (ISTS) to evacuate up to 3.5 GW of...

The Japan Bank for International Cooperation (JBIC) has signed an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power Finance Corporation (PFC). JBIC’s share of the total credit line will be...

The Karnataka Electricity Regulatory Commission stayed the imposition of grid support charges on captive power projects, including rooftop solar projects, that comply with Section 9 of the Electricity Act, 2003, and the Electricity Rules, 2005. The...

The Tripura Renewable Energy Department Agency (TREDA) has invited bids for a pre-feasibility report for a pumped hydro storage project in the state. Bids must be submitted by January 30, 2025. Bids will be opened on the same day. Bidders must...

A recent National Renewable Energy Laboratory (NREL) study estimates that floating solar installations on federally controlled reservoirs could generate between 861 and 1,042 GWdc of power. This contribution represents nearly half of the U.S.’s...

The Cochin Port Trust, under the Ministry of Ports, Shipping, and Waterways, has invited bids to set up a 1.5 MW grid-connected floating solar power project at Willingdon Island Cochin Port Authority under the renewable energy service company model....

Sterling and Wilson Renewable Energy, the engineering, procurement, and construction (EPC) arm of the Shapoorji Pallonji Group, posted a net profit of ₹171.4 million (~$1.97 million) in the third quarter of the financial year (FY) 2025, swinging...

responsAbility, a Switzerland-based impact asset manager, has announced an investment of up to $20 million (₹1.7 billion) in New Delhi-based electric commercial vehicles manufacturer Euler Motors. The funding is part of responsAbility’s $500 million...

The Karnataka Electricity Regulatory Commission (KERC) has stayed the imposition of grid support charges on captive power projects, including rooftop solar projects, that comply with Section 9 of the Electricity Act, 2003, and the Electricity Rules,...