The latest clean energy, climate-tech, renewable policy, and green finance reporting from around the world.
The Government of Maharashtra has approved a new renewable energy and storage policy targeting 65% of the state’s electricity demand from renewable sources by FY2035-36, local media reported. The policy also mandates that electricity distribution companies procure energy storage equivalent to at least 10% of their demand, with at least 85% of stored energy sourced […]
V.O. Chidambaranar Port Authority has invited bids to develop a 2 MW green hydrogen hub and refueling station at its Tuticorin port in Tamil Nadu, as part of efforts to promote clean fuel adoption in the maritime sector. The project, estimated at ₹67.85 crore, will involve setting up a hydrogen production facility with a 2 […]
The Union Cabinet has approved a ₹2,584 crore Small Hydro Power Development Scheme to support the installation of around 1,500 MW of capacity between 2026-27 and 2030-31, the government said. The scheme is expected to attract ₹15,000 crore in total investment into the small hydro sector, particularly in remote and rural areas, while boosting clean […]
NTPC Green Energy Limited has commissioned 165 MW of solar capacity at its Khavda-II project in Gujarat, taking its total installed capacity to 9,727.68 MW, the company said. The newly operational capacity is part of the fourth phase of the 1,200 MW Khavda-II Solar PV Project, with commercial operations effective from March 19, 2026. The […]
Perovskite solar cells are moving closer to commercial deployment in 2026 as rapid efficiency gains, improved durability and early market shipments begin to challenge silicon’s long-standing dominance in solar power. The technology, once seen as a laboratory-scale breakthrough with limited real-world durability, has now reached certified efficiencies above 35% in tandem configurations and 27.3% for […]
ACME Solar Holdings has signed a 25-year power purchase agreement (PPA) with SJVN Limited to supply renewable power under a 450 MW Firm and Dispatchable Renewable Energy (FDRE) project, the company said in a regulatory filing. The contract was awarded under tariff-based competitive bidding through an e-reverse auction, with the company receiving the letter of […]
Godrej Enterprises Group said its Energy Solutions business is targeting around 15% growth by FY2027, supported by a project pipeline valued at ₹2,600 crore at the end of FY2026. The company said the pipeline spans power transmission infrastructure, railway electrification, and renewable energy projects, reflecting rising demand for power infrastructure as India expands electricity networks […]
Mahanagar Gas Limited has agreed to acquire a 26% stake in FPEL Reliant Energy Private Limited, a special purpose vehicle of Fourth Partner Energy, as part of its move to integrate renewable energy into its operations. The investment follows the signing of a Share Subscription Agreement and Shareholding Agreement with FPEL Reliant and its holding […]
Adani Enterprises Limited has received approval from the Ahmedabad bench of the National Company Law Tribunal for a restructuring plan aimed at consolidating its green energy and hydrogen businesses. The tribunal approved a composite scheme of arrangement involving several Adani Group entities to streamline operations and strengthen the group’s green hydrogen ecosystem. Under the restructuring […]
Tata Power Renewable Energy Limited said it has partnered with Tata Capital to introduce a new financing model aimed at accelerating rooftop solar adoption among commercial and industrial (C&I) customers across India. The companies launched the SunSmart Flexi EMI Scheme, which links loan repayments to projected solar energy generation, allowing businesses to effectively “pay as […]
India is rapidly expanding its renewable energy capacity to meet rising electricity demand, but coal will continue to play a major role in the country’s energy mix for the foreseeable future, industry officials and analysts say. Coal currently provides roughly three-quarters of India’s electricity, while renewable sources supply the remaining share. However, the balance is […]
Investors from Gulf countries are expected to continue funding renewable energy projects in Africa despite disruptions linked to the Iran war, analysts say, citing strong long-term economic and strategic incentives. Wealth funds and state-backed companies from oil-rich Gulf nations are increasingly investing in Africa’s clean energy sector, attracted by rising electricity demand, rapid urbanization, and […]
