Mahindra Last Mile Mobility (MLMML) has raised ₹322 crore in a funding round led by Lightrock, achieving unicorn status with a valuation of ₹10,822 crore. Existing investors IFC and India-Japan Fund also participated. The company has recorded strong growth in electric three-wheeler sales, including six-fold expansion over four years and 85% year-on-year growth in Q1 FY27.
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A study on the global PV manufacturing equipment market, commissioned by VDMA. The report projects annual CAPEX rising from $16.6 billion in 2025 to $43.8 billion by 2035, with a cumulative market of up to $300 billion. It highlights Europe’s strengths in high-quality, reliable equipment but notes the lack of a strong domestic market.
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Patel Infra has invited bids for the supply of a 220/33-33 kV, 168/210 MVA power transformer for its upcoming 187.5 MW/750 MWh BESS project in Ahmedabad, Gujarat. The tender covers engineering, design, manufacturing, testing, transportation, insurance, and delivery of the transformer. Bids are invited until August 17, 2026, followed by an e-reverse auction on August 18, 2026.
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Adani Energy Solutions (AESL) has secured an ₹8,500 crore inter-state transmission project in Andhra Pradesh to support around 4,500 MW of power demand from upcoming green hydrogen, green ammonia, and data centre projects in the Visakhapatnam region. Executed through Vizag Power Transmission, the project includes substations at Pendurthi and Khammam-II, along with 1,582 circuit km of transmission lines and 10,500 MVA transformation capacity.
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Eleven Power has announced an investment of over ₹4,700 crore to develop a renewable-led electricity distribution network in Gurugram and Nuh, Haryana. The company has applied for a parallel distribution licence from HERC, with first-phase funding secured through equity and debt. The project awaits regulatory approval and faces opposition from consumer groups.
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Maruti Suzuki India has started production at its new EV manufacturing plant in Hansalpur, Gujarat, with an investment of ₹3,900 crore. The facility adds 250,000 EV annual capacity, increasing total Hansalpur capacity to 1 million units. The expansion will support rising demand for the company’s first electric vehicle, eVitara, and strengthen its EV strategy.
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France has awarded nearly €260 million under the France 2030 programme to upgrade five ports supporting floating offshore wind development. Cherbourg, Brest, Nantes-Saint Nazaire, Port-la-Nouvelle, and Marseille-Fos will receive funding for manufacturing, assembly, and integration facilities. The upgrades are expected to mobilise nearly €1 billion in port infrastructure investments, helping France achieve its target of almost 6 GW floating offshore wind capacity by 2040 while creating jobs and strengthening energy independence.
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EBRD has approved financing support for 258 MW of Ukrainian wind projects developed by Elementum Energy. The investment includes two wind farms with capacities of 58 MW and 200 MW in Ukraine. The financing package comprises an EBRD loan of up to €60 million and a €10 million concessional loan, supporting construction and operation.
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LONGi Green Energy Technology Co., Ltd. showcased its latest solar innovations and signed MOUs totaling 1.3 GW at the Solar and Storage Live Africa Event. The company launched the Hi-MO 9 Hydroclear module for high-dust environments and the S10 Ultimate Power Module delivering up to 685 W and 25.
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Researchers in the United States have developed an adaptive, machine learning-based EV charging technique capable of reducing charging time to under 10 minutes while preserving battery health. The system dynamically adjusts charging protocols based on real-time battery condition, addressing variability in lithium-ion performance.
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Mauritius is gradually developing its EV charging infrastructure, with a limited but growing network of public and private charging points, primarily concentrated in urban areas. The market benefits from strong renewable energy potential, with increasing emphasis on solar-powered and off-grid charging solutions to address grid constraints.
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Eku Energy has acquired rights to a 300 MW ready-to-build battery energy storage system (BESS) project in Didcot, Oxfordshire, UK, from TBC Partners and Ejon. The acquisition strengthens Eku Energy’s large-scale storage portfolio amid rising demand for grid flexibility solutions. The project has secured a Gate 2 offer under NESO’s TMO4+ grid connection reforms with completion targeted for late 2028.
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Italy’s Ministry of Environment and Energy Security has approved four Battery Energy Storage System (BESS) projects totaling 310 MW across Puglia and Emilia-Romagna. The projects include Starlight Energy’s 180 MW Energy Storage San Vito facility, Engie’s 30 MW Troia BESS project, and two 50 MW Fossoli Storage projects by Boca Solar.
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Tata Power Renewable Energy Limited (TPREL) has commenced construction of an 800 MW renewable energy project in Andhra Pradesh with an investment of about ₹5,750 crore. The project comprises 400 MW of solar capacity at Pattikonda in Kurnool district and 400 MW of wind capacity at Kanekallu in Anantapur district, with the wind segment being developed by Suzlon.
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