Erisha E Mobility secures $1 billion from UAE investor
Erisha E Mobility has secured $1 billion investment from a UAE-based investor to expand its operations in the UAE, Saudi Arabia, USA, Europe, and various African nations, in addition to strengthening its existing business in India.
PM Surya Ghar Muft Bijli Yojana crosses 10 lakh installation milestone
PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has achieved a historic milestone with 10 lakh homes now solar-powered as of 10th March 2025.
Swelect secures order for 150 MW of TOPCon solar modules
The company has also unlocked INR 260 crore to reinvest for 1 GW of solar power assets by 2026-27.
Avaada starts building 5 GW TOPCon solar cell, module factory in Uttar Pradesh
Avaada Electro, manufacturing arm of Avaada Group, has started building its integrated facility for 5 GW of TOPCon solar cells and modules in Greater Noida. It also opened a 1.5 GW module fab in Noida.
Hindustan Power signs INR 620-crore solar, storage MoU with Assam
Hindustan Power will invest in setting up a 100 MW solar plant and a 100 MW battery energy storage facility in Assam.
Oriana Power commits INR 500-crore solar, storage investment in Assam
Oriana Power has committed to invest INR 500 crore in solar and battery energy storage system projects in the Kamrup district of Assam.
Adani Green Energy refinances $1.06 billion construction facility
Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, announced that it has refinanced its maiden construction facility with outstanding of $1.06 billion taken in 2021 to develop India’s largest solar-wind hybrid renewable cluster in Rajasthan.
India needs $300 billion to meet 2032 renewable energy target
Achieving the National Electricity Plan (NEP-14) targets would require annual financing for renewable energy, storage and transmission to grow by 20% each year, reaching $68 billion by 2032 from $13.3 billion in FY 2024, says a new report from Ember.
Avaada Group commits INR 50,000 crore to renewables, storage projects in Madhya Pradesh
Avaada Group said it will develop 6 GW of solar energy, 700 MW of wind energy, 2.1 GW of battery energy storage systems (BESS), and 2 GW of pumped storage projects in Madhya Pradesh. Additionally, it will establish green energy equipment manufacturing facilities in the state.
Credit Fair secures $5 million from BII to fund rooftop solar projects in India
Credit Fair has raised $5 million in debt from from the $75-million Green Basket Bond issued by Symbiotics Investments and subscribed to by British International Investment. It will deploy the amount to fund 2,500 new rooftop solar projects.
