Dear Patrons & Readers,
The government plans to rebid around 40 GW of stalled solar and wind projects due to the absence of power purchase agreements (PPAs). No investment has occurred yet, so no losses are expected. Tariffs range from Rs 2.38–2.56/unit for solar and Rs 3.70–3.90/unit for wind. FICCI announced that CERC will soon release guidelines for virtual PPAs, potentially unlocking financing. These agreements aim to support renewable energy projects without requiring traditional PPAs, enhancing ESG compliance.
Highlights from the week of
12 September 2025 to 19 September 2025
India aims to reduce Green Hydrogen production costs to $2/kg by 2030, making it a global low-cost leader. Through the National Green Hydrogen Mission, with a ₹19,74
State-owned IREDA has raised ₹453 crore via its second issue of perpetual bonds at 7.70% interest per annum. The issue saw bids worth ₹1,343 crore against a base o
The Andhra Pradesh Electricity Regulatory Commission has issued BESS Regulations, 2025, enabling diverse ownership and deployment models, including standalone, co-loca
Mumbai-based JSW Energy commissioned 317 MW of Renewable capacity in August 2025, raising total capacity to 13,097 MW with hydro, wind, and solar sources. Renewables n
Government-owned Oil India Ltd has partnered with Rajasthan’s RRVUNL to form a 50:50 Joint Venture for Renewable Energy generation. Oil India will transfer its 188 M
Goldwind approved a ¥18.9bn ($2.7bn) green hydrogen project in Inner Mongolia, integrating 3GW wind power, 1.2GW electrolysis, biomass gasification, and annual produc
Ameren Missouri plans to build the 250 MW Reform Renewable Energy Center near its Callaway nuclear plant, powering 44,000 homes and creating 300 construction jobs. Exp
Aboitiz Renewables Inc., via AP Renewable Energy Corp., secured $133.2 million from Bank of the Philippine Islands to finance its 221MWp Olongapo solar power plant in
The Appellate Tribunal for Electricity ruled in favor of Tanot Wind Power Venture Pvt. Ltd. against the Rajasthan Electricity Regulatory Commission over unlawful curta
LG Energy Solution has signed two multi-year battery supply agreements with Mercedes-Benz, totaling 107 GWh and valued at $11 billion, covering both EU and U.S. market
The Canadian Province of Newfoundland and Labrador will add 14 new Ultra-Fast EV chargers in 2026, supported by $3.8 million from the province and $463,000 from NL Hyd
The International Finance Corporation (IFC) is investing $137 million to boost E-mobility in India, supporting JBM ECOLIFE and GreenCell Mobility. The funding aims to
Spanish IPP Grenergy secured US$270 million in non-recourse financing for Phase 6 (Elena) of its Oasis de Atacama solar-plus-storage project in northern Chile. The fun
Vestas has secured two wind turbine orders in Argentina totaling 217MW for its Q3 2025 intake. The first order includes eight V162-6.4MW turbines for a 186MW project,
Suzlon Group has secured its largest FY26 order of 838 MW from Tata Power Renewable Energy (TPREL) for a firm and dispatchable renewable energy (FDRE) project, marking
Insolation Energy announced securing 226.45 MW of solar projects under the PM KUSUM scheme, with an investment of ₹750 crore. Its subsidiary won orders from Jaipur a
Vikram Solar has secured a 200 MW solar module order from AB Energia for deployment across Maharashtra, Madhya Pradesh, and Gujarat. The order includes advanced N-Type
The Haryana Power Purchase Centre (HPPC) has issued a 500 MW Grid-connected Solar tender on behalf of UHBVNL and DHBVNL, inviting bids until October 10, 2025. The tend
Tata Motors has achieved a key milestone by enabling access to over 25,000 public EV charging stations across 150+ Indian cities for electric small commercial vehicle
Sterling Gtake E-Mobility Ltd (SGEM) partnered with China’s Landworld Technology to locally manufacture on-board chargers, DC/DC converters, and power distribution u
The Appellate Tribunal for Electricity (APTEL) upheld CERC’s rejection of a ₹10.83 lakh/MW/month tariff for a 500 MW/1000 MWh BESS project, citing delays and d
KKR-backed Serentica Renewables is acquiring Statkraft’s India solar business for $220–250 million, gaining a 1.5 GW solar portfolio. Serentica outbid Blackstone t
Shakti Pumps (India) Limited received a ₹374 crore order from MSEDCL to supply and install 34,720 off-grid solar water pumps under the PM-KUSUM B scheme. The second
IB Solar plans to invest ₹3,000 crore in a 4 GW solar cell manufacturing plant in Greater Noida’s Sector 8, approved by YEIDA. Strategically located near the Noida
EDP Renováveis (EDPR), 71.3% owned by EDP, sold a 121 MW wind portfolio in France and Belgium to Amundi Transition Energétique for €200 million. The portfolio incl
Synera Renewable Energy Group (SRE Group) has partnered with Siemens Gamesa to deploy 35 turbines for the 495 MW Formosa 4 offshore wind project in Taiwan. The 14-MW t
NTPC Green Energy declared 100 MW (Lot-6) of IRCON Renewable Power’s 500 MW plant commercially operational from September 17, 2025. IRCON Renewable Power (IRPL) is a
Uttar Pradesh Power Corporation Ltd. (UPPCL) has invited bids to procure power from 375 MW/1,500 MWh standalone BESS under a VGF scheme, with ₹18 Lakh/MW suppo
Ola Electric has filed a ₹400 crore claim under India’s PLI scheme, backed by ₹3,000 crore in eligible FY25 sales. As the only two-wheeler OEM to receive PLI las
TVS Motor Company has partnered with ALT Mobility to deploy 3,000 electric three-wheelers across India this fiscal year, promoting sustainable urban mobility. TVS will
Union Minister Pralhad Joshi stated India is progressing rapidly in renewable energy, on track to produce 5 million metric tonnes of green hydrogen by 2030. Highlighti
The Ministry of New and Renewable Energy (MNRE), via the National Institute of Solar Energy (NISE), has launched a Call for Proposals for start-ups to demonstrate pilo
Jordan’s Ministry of Energy and Mineral Resources signed an MoU with China’s UEG for a $1.155 billion green hydrogen project feasibility study. The study aims to p
The UK has pledged £448 million through the UK SHORE programme to boost clean maritime technologies, part of a £1.1 billion public-private package. Hydrogen-based fu
Ignitis Group and Olana Energy have advanced major battery energy storage system (BESS) projects in Lithuania. Ignitis ordered 291MW/582MWh of BESS equipment from Roll
QatarEnergy has partnered with Samsung C&T to develop a major solar power plant in Dukhan, 80 km west of Doha. Expected to be one of the largest globally, the plant wi
ACCIONA Energía has commissioned the 412MWp Juna Solar Plant in Rajasthan, India—its largest project in the country. With over 750,000 solar panels, it will generat
Trina Solar has received approval to build the 500MW/1,000MWh Kiewa Valley BESS in Victoria’s Ovens Murray Renewable Energy Zone. The AU$453 million project supports
Turbo Energy, a Nasdaq-listed residential and C&I energy storage provider, secured a $53 million, 366MWh energy storage order from a major Spanish construction industr
The Dutch government has allocated €1 billion to support 2GW of offshore wind capacity in 2025, aiming to address rising costs and sluggish sector growth. An additio
The Maharashtra government has approved a joint venture between Mahagenco and SJVN to develop 5,000 MW of Renewable Energy. This aligns with the state’s goal of 50%
The Indian government (MNRE) approved an additional ₹140 crore for the implementation of the Umbrella Scheme under Phase I of the National Bioenergy Programme (NBP),
Saatvik Green Energy set a price band of ₹442–₹465 for its ₹900-crore IPO, opening from September 19–23, 2025. The offer includes a ₹700-crore fresh issue
VinFast Auto India signed an MoU with ICICI Bank on September 17, 2025, to offer auto and inventory financing for its dealer network. The partnership supports VinFast
Tesla Group a.s. and SRAM &AM Group have signed a USD 1 billion agreement to establish five electric vehicle battery gigafactories in India and 15 other countries, inc
Bengaluru-based Simple Energy launched India’s first heavy rare earth-free motors for electric vehicles, reducing reliance on imported materials. Their new motor tec
Foxconn Interconnect Technology (FIT) will start building its first Middle East manufacturing base in Saudi Arabia this December to produce electric vehicle chargers.
Elcogen has opened its new ELCO I manufacturing facility near Tallinn, Estonia, boosting green hydrogen production capacity from 10 MW to 360 MW. Specializing in Solid
Kawasaki Heavy Industries, Toyota, Kansai Electric, Daimler Trucks, and the Port of Hamburg have signed a memorandum of understanding to develop a Japan-Germany hydrog
Aviva Investors is acquiring a stake in Terra One Climate Solutions, a European battery energy storage firm, with plans to invest up to €150 million. An initial €7
The government plans to rebid around 40 GW of stalled solar and wind projects due to the absence of power purchase agreements (PPAs). No investment has occurred yet, s
KPI Green Energy successfully listed its ₹670 crore inaugural green bond on the National Stock Exchange. The five-year bond, with an 8.50% annual coupon and quarterl
SJVN has floated a 600 MW ISTS-connected wind power tender on a Build-Own-Operate (BOO) basis, open for bids until October 31, 2025. Eligible projects include those un
Solar Cell and Module manufacturer Emmvee Photovoltaic Power Ltd has received SEBI approval to proceed with its ₹3,000 crore IPO, filed in July 2025. The IPO includ
Serentica Renewables signed India’s first “load-following” 100 MW round-the-clock PPA with SECI, matching seasonal demand profiles. The agreement requi
Researchers at the U.S. Department of Energy’s NREL studied ultraviolet-induced degradation (UVID) in n-type solar modules on a 3 MW rooftop PV system, finding curre
Chinese JinkoSolar has unveiled its Tiger Neo 3.0 solar module, boasting 650–670 W front-side and 553–570 W rear-side output due to its 85% bifaciality factor. Tou
The Technology Development Board (TDB) is supporting Chennai-based Raptee Energy to develop India’s first 240-volt high-voltage electric motorcycle platform. This in
Raptee.HV, a Chennai-based electric motorcycle maker, has become India’s first EV motorcycle OEM to secure funding from the Technology Development Board (TDB), Gover
Blue Energy Motors (BEM), India’s leading LNG and electric heavy-duty truck manufacturer, raised $30 million, totaling $50 million in funding. Supported by strategic
Japan's Panasonic aims to develop a higher-capacity, anode-free battery within two years, boosting Tesla’s Model Y driving range by 25%, or about 90 miles. This inno
Danish renewables developer Eurowind Energy is building a 122.4 MW wind farm in Poland’s Lubusz province, featuring 17 turbines powering nearly 85,000 homes. The pro
The European Bank for Reconstruction and Development (EBRD) is providing USD 74.1 million to fund Infinity Power’s 200-MW wind farm in Ras Ghareb, Egypt. The package
Sungrow has signed a supply agreement with EP Produzione for a 100 MW / 220 MWh utility-scale energy storage project in Trapani, Sicily, marking its first Italian proj
Lightsource bp has begun constructing a 49 MW/562 MWh battery energy storage system (BESS) integrated with its 585 MWdc Goulburn River solar farm in New South Wales, A
The Commission has framed the draft OERC (Procurement of Energy from Renewable Sources and its Compliance) Regulations.
