Pune-based renewable fuels company Greenjoules has raised ₹1.5 billion (~$16.01 million) in a Series B funding round co-led by Amazon’s Smbhav Venture Fund and Climate Pledge Fund. Zerodha’s investment arm Rainmatter and Singularity’s...

The Odisha Electricity Regulatory Commission (OERC) has proposed regulations increasing the renewable purchase obligation (RPO) to 43.33% and introducing an energy storage obligation (ESO) of 4% by the financial year (FY) 2030. The draft OERC...

The Saudi Power Procurement Company (SPPC), Saudi Arabia’s principal power buyer, has issued a request for qualification for solar and wind projects under the eighth round of the country’s National Renewable Energy Program (NREP). The projects...

PFC Consulting has selected the winner of its auction to set up a 3×500 MVA, 400/220 kV substation, along with associated transmission lines, at Humnabad in Bidar district, Karnataka. Power Grid Corporation of India (POWERGRID) emerged as the...

The Ministry of Power (MoP) permitted renewable energy projects tendered on an interstate transmission system (ISTS) connectivity basis to connect to the intrastate transmission system (InSTS) when the generating project and the electricity procurer...

As battery energy storage systems (BESS) become a key focus for India’s solar inverter market, string inverters are seeing wider adoption in utility-scale projects because of their modularity, lower maintenance needs, and potential to reduce...

Tata Power reported a revenue from operations of ₹196.36 billion (~$2.10 billion) in the second quarter (Q2) of the financial year (FY) 2027, an increase of 26.3% year-over-year (YoY) from ₹155.45 billion (~$1.66 billion). The company’s...

The Competition Commission of India (CCI) has approved  the proposed subscription of securities of Gentari Renewables India by Sapphire US, an entity indirectly owned by investment vehicles and accounts advised and managed by KKR subsidiaries....

The Ministry of Power has proposed amendments to the late electricity payment surcharge rules, which seek to protect standalone battery energy storage service providers against delayed payments by distribution companies (DISCOMS). The Electricity...