ACME Solar has initiated a Qualified Institutional Placement (QIP) to raise capital from institutional investors, setting a floor price of ₹294.13 per equity share. The fundraising initiative is expected to support the company’s expansion plans, strengthen its balance sheet, and accelerate renewable energy project development. The move reflects growing investor interest in India’s clean energy sector and ACME’s ambition to expand its renewable and energy storage portfolio.
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Avaada Group has secured USD 950 million in financing to support the development of renewable energy projects across Rajasthan and Gujarat. The funding will be utilized for large-scale solar and hybrid energy installations, strengthening the company’s growth pipeline. The investment underscores continued confidence from global financial institutions in India’s clean energy transition and the country’s expanding renewable energy market.
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NTPC Green Energy has invited bids for a 3,200 MWh Battery Energy Storage System (BESS) project at its Fatehgarh Solar Plant in Rajasthan. The project aims to improve grid flexibility, enhance renewable energy integration, and support round-the-clock power delivery. This tender represents one of the largest battery storage opportunities in India and highlights the increasing role of energy storage in the country’s renewable energy ecosystem.
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Servotech Renewable Power System has signed an MoU with the Haryana Government to invest approximately ₹400 crore in expanding its clean energy manufacturing operations. The proposed facility is expected to strengthen domestic manufacturing capabilities, generate employment, and support India’s clean energy ambitions. The agreement aligns with the government’s efforts to boost local manufacturing under the Make in India initiative.
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SWELECT Energy Systems has acquired a 26.6 MW solar power project in Karnataka through the acquisition of a special purpose vehicle (SPV). The acquisition strengthens the company’s renewable asset portfolio and supports its strategy of expanding owned power generation capacity. The project is expected to contribute stable revenue streams while reinforcing SWELECT’s presence in India’s growing solar power market.
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Power Finance Corporation (PFC) has announced the appointment of Shri V. Packirisamy as Director. With extensive experience in the power and infrastructure sectors, his appointment is expected to strengthen the company’s leadership team. The move comes as PFC continues to play a critical role in financing India’s energy transition and supporting investments in renewable energy and transmission infrastructure.
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POWERGRID has invited bids for a 200 MW / 800 MWh Battery Energy Storage System project in West Bengal. The project aims to strengthen grid reliability, facilitate renewable energy integration, and improve power system flexibility. As India accelerates battery storage deployment, projects of this scale are expected to play a vital role in balancing intermittent renewable energy generation.
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The Uttar Pradesh Electricity Regulatory Commission (UPERC) has advanced proceedings related to tariff adoption for a proposed 215 MW solar power project. During the latest hearing, stakeholders discussed key regulatory and tariff considerations, with the next session scheduled for August 6. The development is significant for project implementation timelines and future solar capacity additions within the state.
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POWERGRID has issued another major tender seeking bids for a 250 MW / 1,000 MWh battery energy storage project in West Bengal. The initiative forms part of broader efforts to modernize grid infrastructure and support higher renewable energy penetration. The project is expected to contribute significantly to energy balancing and peak demand management in the region.
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NTPC Renewable Energy has invited bids for the development of a 300 MW solar power project in Rajasthan. The tender is part of NTPC’s ongoing strategy to expand its renewable energy portfolio and contribute to India’s ambitious clean energy targets. Rajasthan continues to remain a preferred destination for utility-scale solar development due to its strong solar resource potential.
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ACME Solar has commissioned an additional 33.33 MW / 160.51 MWh Battery Energy Storage System capacity in Rajasthan. The expansion enhances the company’s operational energy storage portfolio and supports grid stability alongside renewable power generation. The project further demonstrates the growing commercial adoption of battery storage technologies as India seeks greater renewable energy integration.
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KPI Green Energy has allotted approximately 3.31 lakh equity shares under its Employee Stock Ownership Plan (ESOP). The allotment increases the company’s paid-up capital while reinforcing employee participation in long-term growth. ESOP programs continue to serve as an important mechanism for attracting and retaining talent in India’s rapidly expanding renewable energy industry.
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POWERGRID has issued a tender for a 100 MW / 400 MWh battery energy storage project in West Bengal’s Hooghly district. The project is intended to enhance grid resilience and support renewable energy integration. The tender adds to a growing pipeline of storage projects across India, reflecting increasing recognition of battery systems as critical grid infrastructure.
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Adani Green Energy has commissioned a 50 MW solar power project at Khavda in Gujarat, taking its operational renewable energy portfolio close to 20 GW. The commissioning further strengthens the company’s leadership position in India’s renewable energy sector. Khavda continues to emerge as a major renewable energy hub, supporting large-scale solar and hybrid project development.
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The Maharashtra Urja Expo 2026 is set to commence in Nagpur, bringing together industry leaders, policymakers, technology providers, and investors from across the clean energy ecosystem. The event will showcase innovations in solar, storage, EV infrastructure, and energy efficiency while facilitating business networking and knowledge exchange among key stakeholders.
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Alpex Solar has issued a corrigendum to its FY2026 financial results, clarifying disclosures related to its audited cash flow statement. The company emphasized that the revision pertains to disclosure details and aims to ensure greater transparency and regulatory compliance. Such clarifications help maintain investor confidence and reinforce best practices in corporate governance.
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