Waaree issues clarification on Enel Green Power India acquisition deal
Waaree Energies Ltd has issued a clarification regarding recent media reports suggesting that its deal for acquisition of Enel Green Power India is on the verge of collapse. In a regulatory statement, the company stated that certain commercial terms of the agreement are under review and the company is in discussions for the same.
Torrent Group’s 72 tpa green hydrogen plant in Gorakhpur inaugurated by Uttar Pradesh chief minister Yogi Adityanath
Torrent Gas will blend green hydrogen up to 2% with natural gas in its city gas distribution (CGD) network and supply the blend to domestic households, CNG stations, and industries in the region.
Nikhil Kamath invests INR 137.5 crore in Goldi Solar
Entrepreneur and investor Nikhil Kamath has invested INR 137.5 crore in Goldi Solar, a Gujarat-based solar PV module manufacturing company. The investment will enable Goldi Solar to expand its production.
Domestic solar cell mandate delayed: Boost for renewable energy growth, test for regulators
The revised timeline for the implementation of the Approved List of Models and Manufacturers for Solar Cells (ALMM-II) offers temporary relief to solar developers amid persistent domestic cell supply constraints. However, it also introduces fresh regulatory challenges, particularly around tariff renegotiations for recently awarded projects, according to analysts at CareEdge Ratings.
China solar cell rally stalls amid worsening margin squeeze
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
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.
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.
Statcon Energiaa secures investment from Rotomag Enertec
Statcon Energiaa has secured an investment from Rotomag Enertec to scale its indigenously developed solutions and accelerate global growth. Rotomag Enertec now holds a majority stake in Statcon Energiaa.
