RENEWABLE ENERGY CAPACITY
DEE Development Engineers plans to diversify into hydrogen production
DEE Development Engineers Limited plans to expand into hydrogen production. The company acquired a stake in Maldives Design Limited. This acquisition will help in hydrogen purification and ammonia cracking. The company aims for technology tie-ups for complete hydrogen plant manufacturing. The government's focus on green hydrogen presents significant business opportunities.
Are they set for another round of re-rating? 7 power stocks from different segments with an upside potential of 11 to 52%
The power sector continues to see strong policy focus. It has also seen an improvement in its operating matrix. However, given the diverse nature of companies in the sector, one needs to make a distinction between segments. Also, a transition (a move towards clean energy) is underway. Now, for a thermal energy-focused company, moving to clean energy would mean deploying huge capex. But for a power transmission company, there’s no extra capex. With many companies continuing to improve their balance sheets, have we reached a stage where even weaker players will see a re-rating?
Epigral to expand wind-solar hybrid power plant to 38.14 MW
Epigral is set to more than double its wind-solar hybrid power capacity to 38.14 MW with a Rs 21.38-crore investment. Partnering with Prozeal Green Energy Ltd, Epigral will acquire a 26% stake in a special purpose vehicle to add 19.80 MW of renewable capacity.
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid is set to acquire ReNew Solar Aayan, a 300 MW solar project in Rajasthan, and Koppal Narendra Transmission, an interstate transmission system in Karnataka, for approximately Rs 2,108 crore. These acquisitions, funded through a mix of equity, internal accruals, and debt, align with IndiGrid's strategy to bolster grid stability and energy access.
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
NTPC's group installed generation capacity has reached 80,265 MW following the commencement of commercial operations of 110.25 MW from the Khavda solar project by its subsidiary, NTPC Renewable Energy. This Khavda-I Solar PV Project, with a total capacity of 1255 MW, marks a significant step for NTPC Green Energy, a subsidiary of NTPC Ltd.
JSW Energy shares in focus on commissioning 281 MW renewable capacity, signing PPA for 250 MW wind project
JSW Energy has commissioned 281 MW of renewable capacity, boosting its total to 12,499 MW. The company's subsidiary also signed a 25-year PPA with Adani Electricity for a 250 MW wind project. These developments support JSW’s push toward 30 GW capacity and carbon neutrality by 2050.
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Stocks in news: SpiceJet, JSW Energy, Bajaj Finserv, IREDA, Coal India
Indian stock markets are showing signs of recovery. SpiceJet is dealing with an insolvency tribunal matter. JSW Energy has commissioned a renewable energy project. Dr Reddy’s collaborates with Alvotech for a biosimilar drug. ICICI Prudential Life disbursed loans. IREDA launched a qualified institutional placement. Coal India signed an MoU. Bajaj Finserv promoters may sell stake.
JSW Energy commissions 281 MW renewable energy project
JSW Energy has launched a 281 MW renewable energy project in Maharashtra. The project includes 215 MW of solar and 66 MW of wind capacity. JSW Renew Energy Three has signed a power purchase agreement with Adani Electricity Mumbai. The agreement is for 250 MW of wind capacity for 25 years.
Serentica Renewables secures over $100 million debt funding from Rabobank, Societe Generale
Serentica Renewables secured USD 100 million in debt financing from Rabobank and Societe Generale for a 300 MW solar project in Rajasthan. This project will supply green energy to BALCO, aiding in the decarbonisation of India's industrial sector.
Clean energy investment rising despite economic uncertainty: IEA
Global investment in clean energy technologies is projected to reach a record high this year, surpassing fossil fuel investments, which are expected to decline. This surge is driven by energy security concerns and rising electricity demand, including from AI and data centers.
Waaree Energies shares gain 3% on plan to offload 1.15% Indosolar stake via OFS
Waaree Energies Shares: Waaree Energies will sell 4.76 lakh shares of Indosolar Ltd via OFS on June 5–6 to meet public shareholding norms. The floor price is set at Rs 10. Waaree, a leading solar firm, recently secured $176 million for U.S. projects. Its stock has risen 36.6% in three months and trades above key technical levels.
India needs massive investments for Net-Zero Goal by 2070; Private sector will be vital: Moody-ICRA
A joint report by Moody's and ICRA reveals India needs significant investment, around 2% of its real GDP, to achieve its 2070 net-zero emissions goal, particularly in the power sector. While renewable energy will dominate future capacity additions, coal reliance will persist in the short to medium term.
Vedanta ramps up RE power capacity to 1.03 GW
Vedanta Ltd has increased its renewable energy power capacity to 1.03 GW and is on track to achieve 2.5 GW of green energy by 2030. This expansion will help the company mitigate over 6 million tonnes of carbon emissions annually, equivalent to the carbon sequestration of approximately 350 million trees.
Juniper Commissions 145.99 MWp solar project in Maharashtra
Juniper Green Energy has commissioned a 145.99 MWp solar power project in Maharashtra, supplying power to MSEDCL. The project was completed on May 22, 2025, significantly ahead of schedule. This rapid commissioning, just 2.5 months after the PPA signing, was enabled by efficient land acquisition and infrastructure readiness.
Maruti Suzuki plans mega Rs 925 crore green bet; shares rise
Maruti Suzuki India will expand its renewable energy use. The company plans to invest over Rs 925 crore by fiscal year 2031. This investment will increase solar power capacity to 319MWp. Maruti recently added 30MWp of solar capacity at its Haryana and Manesar plants. The company aims for 85% renewable energy use by fiscal year 2031.
Small hydro projects may get up to 30% aid on project cost
The government plans to boost small hydro power projects. Developers may receive up to 30% of project costs as assistance. This initiative aims to double the installed capacity to 10 GW in a decade. Small hydro projects offer benefits like lower environmental impact and local job creation.
TotalEnergies to sell more LNG from US to India
TotalEnergies aims to increase LNG exports to India, particularly from the US, and plans to resume its Mozambique venture to supply energy. Despite past investment suspensions, the company continues to support Adani Green's renewable energy expansion. With significant investments in India's gas and renewable sectors, TotalEnergies sees India as a crucial LNG market.
Torrent Power to buy LNG from BP Singapore
Torrent Power has inked a deal with BP Singapore. It will buy LNG for ten years. The supply starts in 2027. The Ahmedabad based company will procure 0.41 million tonnes of LNG annually. Torrent Power will use the gas for its power plants. It will also support city gas distribution. The agreement boosts India's energy security.
Reliance Power shares rally 5% to hit fresh 52-week high amid volume surge and clean energy order win
Reliance Power shares: Reliance Power's recent gains follow its May 28 announcement that subsidiary Reliance NU Energies received a Letter of Award from SJVN for a 350 MW ISTS-connected solar project, along with a 175 MW/700 MWh battery storage system.
Never back down: Gautam Adani reveals how his business empire became more resilient, formidable and unbreakable
Gautam Adani underlined Adani Group's resilience and growth plans despite facing significant challenges, including allegations from Hindenburg Research and US authorities. As of now, the conglomerate intends to invest $15-20 billion across its diverse businesses over the next five years, driven by record earnings and a focus on renewable energy, ports and infrastructure projects.
India, a major user of coal power, is making large gains in clean energy adoption. Here is how
India, a major carbon emitter, is aggressively expanding its clean energy sector, with solar power becoming increasingly cost-effective. While coal still dominates electricity generation, renewable energy capacity is rapidly growing, driven by government policies and private investments. Challenges remain in optimizing renewable energy use and building necessary infrastructure to meet the nation's soaring energy demands and climate goals.
Waaree bags USD 176 mn solar module supply order in US
Waaree Energies has secured a USD 176 million deal to supply 586 MW of solar modules to a US-based independent power producer. These modules will be manufactured at Waaree Solar Americas' Texas facility and delivered in FY 2026-27 for four projects. This agreement underscores Waaree's dedication to establishing a strong clean energy supply chain in the US.
Diu first district in India to meet entire power demand with solar energy
Diu has emerged as India's first district to fulfill its entire power needs with solar energy, boasting an 11.88 MW capacity. Minister Pralhad Joshi lauded Diu as a national leader in renewable energy adoption, where solar power meets the daytime electricity demand. The capital investments in Diu's renewable energy infrastructure have been recovered through solar power supply and sales.
Power demand to grow at 6.5% CAGR over next 5 years: ICRA
India's power demand is set to surge. ICRA projects a 6-6.5% growth over five years. Electric vehicles, green hydrogen, and data centres will fuel this rise. Generation capacity addition is expected to hit a record 44 GW in fiscal year 2026. Renewable energy will be a key driver. Thermal power is also seeing increased capacity.
Juniper Green Energy turns public in run-up to IPO
In preparation for its initial public offering (IPO), renewable power producer Juniper Green Energy has transitioned from a private entity into a public company.
BC Jindal bags 150 MW round-the-clock project from SECI
BC Jindal group secured a 150 MW Round-the-Clock project from Solar Energy Corporation of India Limited. The project was won at a tariff of Rs 5.07/kWh. Jindal India Renewable Energy recently won two 300 MW solar plus storage projects. The group plans to invest $2.5 billion in renewable energy by 2030.
Andhra Pradesh plans green energy corridor worth ₹28,400 cr
Andhra Pradesh, aiming for 72 GW of green energy by 2029, proposes a ₹28,436-crore green energy corridor. This initiative will connect renewable energy projects to the central grid, facilitating the evacuation of 11,000 MW from renewable sources and 7,000 MW from pumped storage. The project addresses challenges of uneven energy distribution and stalled renewable energy projects.
India registers 3-fold growth in renewable energy capacity to 232GW in last decade
India's renewable power capacity has surged threefold in the last decade, reaching 232GW, driven by significant growth in solar and wind energy. Solar module manufacturing has skyrocketed, transforming India into a global leader with ambitious targets for 2030. The nation is also expanding biopower generation and compressed biogas production, aiming for energy self-sufficiency and reduced import dependence.
Gujarat achieves 35.16 GW renewable energy capacity
Gujarat has emerged as India's renewable energy leader, boasting 35.16 GW installed capacity by April 2025. Spearheaded by Chief Minister Bhupendra Patel, the state excels in wind and rooftop solar, contributing significantly to India's total renewable energy. With innovative projects and forward-thinking policies, Gujarat is driving the nation towards its net-zero target.
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