The Mumbai-headquartered natural resources company will invest INR 444 crore ($54.23 million) in 691 MW of renewable energy projects to power its aluminum, copper and oil & gas operations across India. It will implement these captive projects through special-purpose vehicles formed with Serentica Renewables.

Rays Power Infra has signed an agreement with the Rajasthan government to build a 1.8 GW solar park in the state with an estimated investment of INR 9,140 crore.

Electric vehicles (EV) sales in India soared 212% year-on-year to surpass one million mark in 2022.

State-run hydropower producer THDC has formed a 74:26 joint venture with Rajasthan Renewable Energy Corp. Ltd to develop 10 GW of renewable energy projects in Rajasthan. The JV partners also plan floating solar and pumped hydro storage projects in the state.

Gujarat-based Borosil Renewables has started trial production from its third solar glass furnace, raising its capacity in India to 1,000 tons per day (tpd). Its cumulative solar glass capacity has reached 1,300 tpd, which includes 300 tpd in Germany added through the acquisition of Interfloat Group.

Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.

The 100 MW co-located, wind-solar hybrid renewable power project in Maharashtra will supply clean power to commercial and industrial (C&I) customers in the state.

While the current policy regime supports the adoption of flexible resources like batteries, grid flexibility and resilience require more focus and a range of calibrated efforts, including due acknowledgment as a sector priority and robust planning at the central and state level. The upcoming union budget provides an opportunity for the government to develop flexible and resilient grids.

The Indian conglomerate has issued a 413-page response to the allegations made by the US-based short seller Hindenburg.

State-owned Singareni Collieries Co. Ltd (SCCL) has commissioned 5 MW of its planned 15 MW floating solar plant at the Singareni Thermal Power Station reservoir in Telangana. The plant was built by Hyderabad-headquartered Novus Green Energy Systems using glass-to-glass PV modules.