RENEWABLE ENERGY PROJECTS
IREDA seeks global funding partnerships to lower borrowing costs for green projects
IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.
Essar Power to invest Rs 4,500 crore in 300 MW renewable energy project in Andhra Pradesh
Essar Power is planning a significant investment in a 300 MW Firm and Dispatchable Renewable Energy project. The project aims to combine solar and wind power generation with Battery Energy Storage Systems for improved reliability. This initiative follows a power purchase agreement with NHPC Ltd, enhancing Essar's renewable energy portfolio. It also contributes to India's target of 500 GW of non-fossil fuel electricity by 2030.
Trump to launch nuclear attack against Iran? Ex-Fox presenter says US may be days away from strike, shares how it could affect India, oil and fertilisers
US conservative commentator Tucker Carlson claims Trump might consider a nuclear strike on Pickaxe Mountain in Iran. Allegations arise that Israeli Prime Minister Benjamin Netanyahu is pushing for a military attack against Tehran. A potential strike raises concerns over radioactive fallout affecting regions including northwestern India. Discussions between Trump and Netanyahu reportedly emphasize military action following US midterm elections.
AI boom to drive demand for clean, affordable power: Pralhad Joshi
Union Minister Pralhad Joshi highlighted the importance of affordable, clean electricity access amid rising artificial intelligence adoption. He stated that this necessity will become a strategic imperative for reshaping economies. India has been re-elected as president of the International Solar Alliance, with plans for continued investment and solar deployment.
Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan
India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
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Advait Energy Transitions Q2 profit jumps 89% to Rs 19.18 crore; revenue rises 41%
Advait Energy Transitions has reported an 88.5 percent increase in net profit for the quarter ending September 30, 2026. Revenue for this period rose 40.8 percent, reaching Rs 220.9 crore, driven by strong demand for power transmission solutions. The company also experienced substantial growth in its consolidated revenue for the first half of FY27.
India's renewable sector attracts investments worth $67 billion in last 2 years: Pralhad Joshi
The sector is growing at a fast pace in India and will play an important role in meeting the country's future power demand, the Minister for New and Renewable Energy (MNRE) said while addressing the Bharat Renewable Energy (BRE) Summit & Expo 2026 in the national capital.
Climate platform Two Point O raises $10 million led by Transition Venture Capital
The company plans to enter battery energy storage while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will also target customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption are significant operating costs.
Australian outback data centre pulls timeline after regulator stalls
Startup Energy North, which says it has finance lined up for a sprawling gas and solar-powered data centre on a cattle ranch in the country's remote north, 683 km (424 miles) from the nearest city, had given a "first power" date of June 28, 2028, in regulatory filings four months ago.
Solar module cos seek more time to comply with local sourcing
Solar module manufacturers in India are raising concerns about the local availability of cells for production. They have requested an extension of the sourcing deadline beyond January 2024 to address these issues. The Renewable Energy Manufacturers Association has highlighted a significant gap between module production capacity and cell supply. Current regulations mandate that solar cells must come from approved local manufacturers for projects.
IREDA appoints ex-REC executive Jatin Kumar Nayak as CMD
Jatin Kumar Nayak has taken charge as the Chairman and Managing Director of Indian Renewable Energy Development Agency. Before this position, he served as Executive Director of Finance at REC Ltd and has three decades of experience. His previous roles include working with NHPC, Hindustan Copper, and National Aluminium Company Ltd. Nayak holds a Master's degree in Commerce and is a qualified Company Secretary.
India's 500 GW RE target hinges on LDES scale-up; FY28 viability gap funding key enabler: IESA report
With a target of 500 GW of renewable energy capacity by 2030, India recognizes the urgent need for long-duration energy storage solutions. The India Energy Storage Alliance stresses the pivotal role of viability gap funding to promote quicker adoption of these technologies. Current data reveals substantial solar energy curtailment caused by grid restrictions, highlighting the necessity for strategic policy support and innovative business paradigms.
NTPC Green Energy Q2 Results: Profit jumps 56% YoY to Rs 137 crore, revenue rises 53%
NTPC Green Energy reported a 56.2% year-on-year rise in Q2FY27 net profit to Rs 137.5 crore, driven by 53.2% revenue growth. EBITDA margins improved, while new solar capacity boosted its operational renewable energy portfolio.
Suzlon Energy shares crash 10% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?
After Suzlon Energy's quarterly results for September were unveiled, its shares fell nearly 10%. The company faced a staggering 69% decline in net profit, despite enjoying a 26% increase in revenue from wind turbine deliveries. Nuvama raised flags regarding lower-than-expected EBITDA margins, likely influencing the stock's dip. Nonetheless, Centrum Broking maintains a 'Buy' rating, indicating potential for recovery.
Suzlon Energy Q2 Results: Profit plunges 69% YoY to Rs 394 crore due to one-time deferred tax
Suzlon Energy reported a 69% year-on-year profit decline to ₹394 crore in Q2 FY27, despite 26% revenue growth to ₹4,869 crore. Record turbine deliveries, a 6,009 MW order book and a ₹2,048 crore net cash position strengthened its outlook.
Tata Power, JSW Energy, Torrent Power: Ambit sees buying opportunity in power stocks after valuation reset
Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC
ACME Solar shares rose 5% after its Q2 FY27 profit surged 133.5% to ₹269 crore and revenue climbed 67.5% to ₹1,007 crore. The rally was also supported by its subsidiary signing a 25-year power purchase agreement with NTPC for a 400 MW renewable energy project.
Power Grid asks cable and wire makers to scale up as transmission capex set to rise
Power Grid Corporation of India aims to exceed last year's capital expenditure of ₹40,000 crore for transmission projects. The chairman emphasized the necessity for manufacturers to enhance production capabilities and product quality. Growth in renewable energy projects is expected to drive high demand for cables and wires across the industry. Additional investments for the Green Energy Corridor-III program will further stimulate the market.
JSW Energy Q2 profit jumps 50%; 3 gigawatt target on track
JSW Energy has reported a 49.9% year-on-year increase in consolidated net profit for the second quarter. The company's consolidated revenue from operations rose by 23%, showcasing significant growth over the last year. During this quarter, JSW Energy added 813 MW of capacity, including substantial renewable energy projects. The company aims to achieve a capacity addition target of 3 GW by the end of FY27.
India needs $220 billion to meet 500 GW renewable energy target by 2030
The Bharat Renewable Energy Summit & Expo 2026, to be held from November 2- 5 at Bharat Mandapam in the national capital, will serve as a key forum for seeking the USD 220 billion investment, the official said.
In 2019, Cornell began testing sheep grazing beneath New York solar panels; the project examined vegetation control, shade, and forage for the animals
Cornell University researchers have launched an innovative solar grazing initiative aimed at optimizing vegetation management in solar farms. Their experiment evaluates the potential of using sheep to graze beneath solar panels, fostering a dual benefit for energy production and farming. This sustainable method enhances biodiversity and diminishes reliance on traditional vegetation management practices, presenting a promising opportunity for harmonizing agriculture with renewable energy advancements.
Adani Green’s debt maths: Why leverage may fall below 4x as capex cycle matures
Adani Green Energy Limited is looking forward to a decrease in leverage as its upcoming projects start functioning and yield cash flow. With a substantial ₹2.4 lakh crore earmarked for capital expenditures by FY30, the company aims to enhance its renewable energy capacity. As project loans are paid off, leverage is expected to dip below four times.
Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee
Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.
Torrent Power says 3,000-MW Karjat pumped storage project outside Bhimashankar Sanctuary
The company in a statement said the project, which will supply power to Maharashtra, would support grid stability as the share of solar and other renewable energy rises, while reducing reliance on coal-fired generation during evening peak hours. It also rejected reports of tree felling inside the sanctuary, describing them as based on incorrect information.
In 2019, New York farmer Erica Frenay sent 59 sheep to graze at a solar farm for five months; she earned $2,325 while allowing her own pasture to recover
At Shelterbelt Farm in New York, Erica Frenay has taken a creative approach by leasing her sheep to graze beneath solar panels. This arrangement not only provides her with additional income but also helps manage her livestock while reducing overcrowding. Moreover, solar grazing curtails the need for fuel-powered mowers, showcasing a harmonious relationship between agriculture and renewable energy.
A Colorado family spent over 100 years raising cattle and growing crops on 10,000 acres; then 30 wind turbines added another income stream to their ranch
The Kochis family revitalized their historic ranch, creating the Rush Creek Wind Farm while preserving their farming legacy. Featuring 30 wind turbines, this harmonious operation generates consistent revenue, all while they cultivate crops and raise livestock. With steady earnings that aren't influenced by weather or market swings, the project also boosts local economies through construction jobs and tax benefits, illustrating a shift towards renewable energy in rural American agriculture.
Adani Wind bags 696 MW turbine orders from 5 power producers, targets 10 GW capacity
Adani Wind has received significant orders for 696.2 megawatts of wind turbines from five power producers. The contracts involve projects in states such as Karnataka, Gujarat, and Maharashtra. Plans are in place to increase annual manufacturing capacity at its facility in Mundra from 2.25 GW to 5 GW. Additionally, the company aims for a long-term manufacturing capacity target of 10 GW.
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