PNC Infratech receives LoA from NHPC for 300 MW solar-plus-storage project
PNC Infratech has received a Letter of Award (LoA) from NHPC for the development of a 300 MW interstate transmission system (ISTS)-connected solar power project, integrated with a 150 MW/600 MWh energy storage system.
ReNew reports 13-fold jump in Q1 net profit
ReNew Energy Global has reported a net profit of INR 5,131 million for the first quarter of fiscal year 2026 (Q1 FY26), marking a 13-fold increase from INR 394 million in Q1 FY25. A significant portion of the profit—INR 3,562 million—was contributed by external sales from the company’s solar module and cell manufacturing business.
Juniper Green Energy raises INR 1,739 crore in debt financing from IREDA
The funding will support the execution of large-scale renewable energy projects by the company and its subsidiaries, further strengthening its operational capacity.
L&T and Japan’s ITOCHU partner for 300 ktpa green ammonia project
L&T Energy GreenTech has signed an agreement with Japan’s Itochu Corp. for joint development of a 300 ktpa (kilotonnes per annum) green ammonia project at Kandla in Gujarat. Itochu will offtake the green ammonia from the project for bunkering applications in Singapore.
Indonesia announces 100 GW solar, storage minigrid plan
The new initiative features plans for 1 MW solar minigrids tied with 4 MWh of accompanying battery energy storage, to be deployed across 80,000 villages, alongside 20 GW of centralised solar power plants.
Onix Renewable wins 50,000 tpa green ammonia in SECI’s latest auction
Onix Renewable Ltd emerged as the winning bidder for production and supply of 50,000 tonnes of green ammonia annually in SECI’s latest auction under SIGHT Scheme.
ACME Solar secures INR 3,184 crore REC funding for 280 MW FDRE project
ACME Solar has secured long-term financing of INR 3,184 crore from REC Ltd for the development and construction of a 280 MW firm and dispatchable renewable energy (FDRE) project contracted with NHPC.
MNRE launches second call for proposals to build and upgrade green hydrogen testing infrastructure
India’s Ministry of New and Renewable Energy (MNRE) is seeking proposals from government organizations to create and upgrade testing infrastructure for various components, technologies, and processes used across the green hydrogen value chain. The selected projects will be funded up to 100% of the capital cost for equipment, installation, and commissioning of the equipment.
Australia faces slowdown as investment in solar and wind falls 64% in 2025
Investment in new large-scale solar and wind in Australia fell by 64% year on year in the first half of 2025 as grid bottlenecks, slow planning approvals, higher costs, and social licensing issues took a heavy toll.
Sinovoltaics updates financial stability ranking of energy storage manufacturers
The latest financial stability ranking has Tesla, Mustang Battery, and Solid Power holding the top three spots in a report that tracks Altmann-Z scores for 57 manufacturers over the past three years.
