-
2 days ago | 
mercomindia.com | Melvin Mathew
Solar module manufacturer Waaree Energies has proposed divesting 1.15% of its shares in its solar cell manufacturing unit Indosolar. The divestment includes an offer for sale (OFS) of 476,495 shares of Indosolar, each with a face value of ₹10 (~$0.116) per share. The OFS for retail investors will take place on June 6, 2025, while non-retail investors were allowed to place their bids on June 5. Waaree holds 96.15% of shares in Indosolar.
-
3 days ago | 
mercomindia.com | Melvin Mathew
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights Servotech Renewable Power System has secured Northeast Frontier Railway’s auction to develop 7.8 MW rooftop solar power projects in Assam’s Rangiya division. The projects estimated contract value is ₹336 million (~$3.9 million). The tender was floated in November 2024.
-
4 days ago | 
mercomindia.com | Melvin Mathew
Government-owned power generation company SJVN’s revenue for the fourth quarter (Q4) of the financial year (FY) 2025 dropped 4.18% year-over-year (YoY) to ₹5.49 billion (~$64.27 million) from ₹5.73 billion (~$67.08 million). It incurred a net loss of ₹1.28 billion (~$14.98 million), compared to a net profit of ₹610.8 million (~$7.15 million) a year ago. Earnings per share (EPS) came in at ₹0.32 (~$0.003), compared to ₹0.16 (~$0.001) in the same quarter of the previous year.
-
4 days ago | 
mercomindia.com | Melvin Mathew
PFC Consulting has invited bids to augment the interstate transmission system (ISTS) to evacuate 7 GW of solar power from Dharashiv, Beed district, Maharashtra. The last date to submit bids is August 1, 2025. Bids will be opened on the same day. Bidders must submit a bid bond of ₹111.4 million (~$1.3 million) and a contract performance guarantee of ₹278.5 million (~$3.2 million). The bid document fee is ₹500,000 (~$ 7,853.45).
-
5 days ago | 
mercomindia.com | Melvin Mathew
New Delhi-based waste and wastewater management solutions company Enviro Infra Engineers (EIEL) has announced it will acquire Sunaxis Renewables (Sunaxis Solar) from EIE Renewables for ₹100,000 (~$1,170.37). EIE Renewables will invest ₹100,000 (~$1,170.37) by acquiring 10,000 shares at a face value of ₹10 (~$0.117) per share. Sunaxis Renewables is a special purpose vehicle that develops ground-mounted and floating solar projects.
-
5 days ago | 
mercomindia.com | Melvin Mathew
The company has signed a PPA with AMPIN for 25 yearsFollow Mercom India on WhatsApp for exclusive updates on clean energy news and insights Ferroalloy producer Indian Metals & Ferro Alloys (IMFA) will procure 40 MW of power from AMPIN Energy’s 116 MW wind-solar hybrid power project. IMFA has signed a long-term power purchase agreement with AMPIN’s special purpose vehicle, AMPIN Energy Utility One, for 25 years. AMPIN’s project comprises 58 MW each of solar and wind capacity.
-
1 week ago | 
mercomindia.com | Melvin Mathew
Adani Energy Solutions (AESL) has bagged REC Power Development and Consultancy’s (RECPDCL) transmission project to evacuate 1.5 GW of power from pumped storage projects (PSP) near Talegaon, Maharashtra. The project also includes the establishment of a substation of 3,000 MVA capacity. Adani Energy won the project quoting ₹16.6 billion (~$194.26 million) and transmission charges of ₹2.21 billion (~$25.86 million).
-
1 week ago | 
mercomindia.com | Melvin Mathew
Germany’s Federal Network Agency (Bundesnetzagentur) has floated a tender to set up 2.26 GW of ground-mounted solar power projects. The last date to submit bids is July 1, 2025. The tender has a bid tariff cap of €0.068 (~$0.0769)/kWh. Bids can be submitted for projects on arable land and grasslands in disadvantaged areas. Regarding bids for ground-mounted solar systems on agricultural land, there is a rider.
-
1 week ago | 
mercomindia.com | Melvin Mathew
Jaipur-based solar module manufacturer Insolation Energy has reported a 58.35% year-over-year (YoY) growth in revenue to ₹7.3 billion (~$85.56 million) in the second half (2H) of the financial year (FY) 2025 from ₹4.61 billion (~$54.03 million). Insolation Energy attributed the revenue growth to its expanding footprint in the Central and South India markets. The company also reported growth in all its revenue segments.
-
1 week ago | 
mercomindia.com | Melvin Mathew
The Ministry of New and Renewable Energy (MNRE) and the European Union’s Trade and Technology Council have invited bids to generate renewable hydrogen from agricultural, forest, and industrial biogenic waste. The last date to submit proposals is September 5, 2025. MNRE and the TTC will provide joint funding of ₹900 million (~$10.57 million). A maximum of two projects can be funded under this proposal. Selected bidders must complete the project between 36 and 48 months.
