How Gujarat is balancing industrial and environmental goals
Gujarat’s commitment to balancing industrial growth with environmental sustainability is a model for other states to follow. By harnessing solar energy, advancing green hydrogen production, and promoting energy storage technologies, the state is building a robust framework for a sustainable future.
NHPC awards 1.2 GW of solar with storage at $0.036/kWh
NHPC has allocated 1.2 GW of solar with 600 MW/1,200 MWh storage projects at an average tariff of INR 3.09 ($0.036)/kWh.
Adani Green Energy reports INR 6,366-crore EBITDA for 9M FY 2025
Adani Green Energy Ltd posted INR 6,829 crore of revenue from power supply for the nine months ended Dec. 31, 2024, up 18% year-on-year (YoY). Cash profit is up by 23% YoY at INR 3,630 crore.
Wood Mackenzie predicts global solar growth will stagnate in 2025
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
Floating solar could reach LCOE of $0.053/kWh in Saudi Arabia
Scientists in Saudi Arabia have assessed the techno-economical feasibility of floating PV plants at three different dams and have found that such projects could have a return on investment of 12 to 13 years.
Godrej Enterprises targets over 20% growth for its power infra business
Godrej Enterprises’ Energy Solutions business aims to grow annually at over 20% in the next 3-5 years, driven by its growing portfolio of extra high voltage power transmission projects up to 765kV and strategic investments in solar power and green energy infrastructure.
Union Budget 2025-26: What India’s green industry expects from the upcoming budget
The 2025-26 Union Budget has the potential to be a defining moment in India’s journey toward a net-zero economy. By addressing key areas such as renewable energy, green hydrogen, sustainable mobility, and community-level projects, the government can create a robust framework for decarbonization.
BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
IESA projects over $500 million investment in Indian battery, mobility startup ecosystem within a year
Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, saw participation of one hundred startups. Many of these startups are seeking funding from major conglomerates and investment firms.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
