Aditya Birla Renewables (ABRen), the renewable energy subsidiary of Grasim Industries, has signed a definitive agreement to acquire Sprng Energy from Shell Overseas Investment for an enterprise value of ₹172 billion (~$1.8 billion). ABRen will...

The Gujarat Electricity Regulatory Commission (GERC) has invited bids from consultancy firms to assist with the scrutiny, review, approval, and monitoring of the capital investment plan and related matters. The scope of work includes assistance in...

Gurugram-based electric vehicle (EV) mobility platform, Milo Drive, has raised $2.4 million (~₹228.59 million) in a seed funding round led by Caret Capital. Antler, Alteria Capital, IAN Capital, Climate Angels, and Aureolis Capital were among the...

Decarbonization solutions company ReNew and Japan’s Mitsui have inked a $730 million (~₹69.53 billion) multi-currency refinancing for its 320 MW round-the-clock (RTC) renewable energy project in Tamil Nadu. Societe Generale Corporate and Investment...

Avaada Electro, the solar manufacturing arm of Avaada Group, has commissioned the first 3 GW production line at its planned 6 GW N Type Tunnel Oxide Passivated Contact (TOPCon) solar cell manufacturing facility in Butibori, Nagpur, Maharashtra. The...

Velto Renewables, an independent renewable energy producer backed by La Caisse (formerly CDPQ), has completed a refinancing transaction of more than €800 million (~$914 million) for a portfolio of 76 operational solar photovoltaic projects in Spain...

Peak Energy has announced it will set up a facility to manufacture up to 4 GWh of grid-scale sodium-ion battery energy storage systems annually, in Sacramento, California. With more than 6 GWh of customer commitments already in place, the facility...

REMCL, a joint venture between the Ministry of Railways and RITES, has invited bids to select developers to set up 17 MW of intrastate transmission system (InSTS)-connected solar power projects, along with 12.5 MW/50 MWh battery energy storage...