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6 days ago | 
pv-magazine-india.com | Uma Gupta
Advait Energy Transitions Ltd (formerly Advait Infratech Ltd) announced today that it has received an order from Gujarat BESS Pvt Ltd to set up a 180 MW/360 MWh (AC side) battery energy storage system (BESS) project on an EPC basis. The project will be located in Sanand city, Gujarat. Advait Energy’s scope of work includes the supply, erection, testing, and commissioning of the BESS.
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6 days ago | 
pv-magazine-india.com | Uma Gupta
The India Hydrogen Alliance (IH2A) has proposed to the Government of India the implementation of hydrogen purchase obligations (HPOs) and demand-side support for refineries and ammonia plant. It has proposed 10% HPO for existing plants and 100% HPO for new plants by 2030, to achieve the National Green Hydrogen Mission (NGHM) target of 1.5 million tonnes (MT) of green hydrogen for domestic use by 2030.
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6 days ago | 
pv-magazine-india.com | Uma Gupta
Solar minigrid operator Husk Power Systems has launched a dedicated residential rooftop solar service called BEEM that will provide one-stop PV solutions for homeowners in India. BEEM will target homeowners countrywide, leveraging Husk’s nearly two decades of expertise in solar system design, technology innovation, installation and service. “BEEM’s fully productized offering is designed to be suitable for the specific needs of homeowners.
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6 days ago | 
pv-magazine-india.com | Uma Gupta
Coal India Ltd (CIL) has entered into an agreement to supply 4.5 GW of carbon-free power, in a phased manner, to AM Green’s upcoming green ammonia production facilities. The power will be sourced from a mix of solar and wind energy projects that CIL plans to develop across India. A formal, non-binding memorandum of understanding (MoU) was signed this week between the two entities for a long-term partnership for the supply and sourcing of renewable energy.
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1 week ago | 
pv-magazine-india.com | Uma Gupta
REC Ltd, a non-banking financial company focused on the power sector, has reported a record net profit of INR 15,713 crore for FY 2024-25, marking a 12% increase from INR 14,019 crore in FY 2023-24. Total income rose by 19% year-on-year to INR 55,980 crore.
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1 week ago | 
pv-magazine-india.com | Uma Gupta
GameChange Solar, a global supplier of solar tracker and fixed-tilt racking solutions, announced this week that it has surpassed 3.6 GW of tracker projects—installed and under deployment—across Middle East & North Africa (MENA) and Central Asia. This portfolio includes 3 GW in Egypt and 600 MW in Uzbekistan, with projects located in challenging environments such as desert terrains, high-wind zones, and remote, logistically complex sites.
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1 week ago | 
pv-magazine-india.com | Uma Gupta
Cleantech Solar has announced the commissioning of its open-access PV projects totalling 80 MWp for industrial customers. The projects are located at the company’s state-of-the-art 275 MWp solar park in Tamil Nadu, its fifth renewable energy park in the state. These supply power to industrial clients on a captive basis to meet their energy requirements for manufacturing operations.
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1 week ago | 
pv-magazine-india.com | Uma Gupta
NTPC, India’s largest integrated power company, has decided to issue unsecured non-convertible debentures (NCDs) of INR 4,000 crore on a private placement basis on May 9. The NCDs will carry a coupon rate of 6.84% per annum and will have a tenor of ten years, maturing on May 9, 2035. The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans, and other general corporate purposes.
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1 week ago | 
pv-magazine-india.com | Uma Gupta
India’s solar module manufacturing capacity is set to rise significantly, reaching 160 GW by 2030—up from 80 GW in 2025. Solar cell manufacturing capacity is projected to grow from 15 GW to 120 GW. Wafer and polysilicon capacities are also expected to expand from 6 GW in 2025 to 100 GW by 2030, according to a new report by SolarPower Europe, with India-specific projections contributed by the National Solar Energy Federation of India (NSEFI).
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1 week ago | 
pv-magazine-india.com | Uma Gupta
Anil Ambani’s Reliance Power Ltd (Reliance Power) has allotted 10.55 crore fully paid-up equity shares at a price of INR 33 per share (including a premium of INR 23 per share), aggregating to INR 348.15 crore, upon accelerated conversion of warrants. The company made a preferential issue of 46.20 crore warrants aggregating INR 1,525 crore in October 2024, in accordance with SEBI (ICDR) Regulations. A minimum upfront amount of 25% was paid on the warrants with the balance 75% payable in 18 months.
