Tata Power Powers Rajasthan With 190 MW Renewable + Storage Breakthrough

Tata Power Renewable Energy Limited (TPREL) has commissioned a landmark 190.5 MW Firm and Dispatchable Renewable Energy (FDRE) project at Kalasar, Bikaner, Rajasthan. Integrated with a 115 MWh Battery Energy Storage System (BESS), the project ensures reliable, round-the-clock renewable power supply to key state discoms.

Firm and Dispatchable Renewable Energy (FDRE) is renewable power engineered to behave like conventional electricity — combining solar, wind, and battery storage to deliver reliable, schedulable supply that utilities can depend on, including during peak demand hours.

FDRE represents the second phase of India’s renewable energy journey: moving from capacity addition to dependability. With installed solar capacity crossing 150 GW in March 2026, FDRE ensures that this massive renewable base can be harnessed in a way utilities can plan around. It is now one of the defining procurement formats in India’s utility‑scale renewable energy market.

Project Overview

• Capacity: 190.5 MW FDRE (part of a larger 460 MW FDRE initiative under SJVN FDRE Tranche-1)
• Location: Kalasar, Bikaner, Rajasthan
• Technology: Advanced Battery Energy Storage System (115 MWh), Harmonic Filter Bank, and Static Var Generator systems
• Beneficiaries: Haryana Power Purchase Centre (HPPC), Maharashtra State Electricity Distribution Company (MSEDCL), and Noida Power Company Limited (NPCL)

Strategic Significance

• Reliable Renewable Supply: FDRE projects overcome intermittency by combining solar with storage, ensuring dispatchable clean energy
• Portfolio Expansion: TPREL’s renewable capacity now stands at 12.4 GW (6.9 GW operational: 5.6 GW solar + 1.3 GW wind; 5.5 GW under implementation)
• National Targets: Supports India’s 500 GW non-fossil fuel capacity goal by 2030 and Tata Power’s Net Zero by 2045 commitment
• Execution Excellence: Despite global supply chain challenges, Tata Power completed the switchyard in 3 months and harmonic filter bank in 1 month

Key Features

Aspect	Details
Capacity	190.5 MW FDRE (part of 460 MW)
Storage	115 MWh Battery Energy Storage System
Location	Kalasar, Bikaner, Rajasthan
Discoms Supplied	HPPC, MSEDCL, NPCL
Operational Portfolio	6.9 GW (5.6 GW solar, 1.3 GW wind)
Future Pipeline	5.5 GW under implementation
Execution Speed	Switchyard in 3 months, Harmonic Filter Bank in 1 month

Challenges Faced

• Global Supply Chain Disruptions: Shortages of transmission materials and mounting structures
• Compressed Timelines: Required accelerated execution and testing
• Grid Integration: Advanced technologies like harmonic filters and static var generators were critical to ensure stability

Broader Context

This commissioning strengthens Tata Power’s role as a leading renewable energy player in India, showcasing innovation in FDRE projects that combine solar with storage for reliability. It highlights India’s growing reliance on dispatchable renewable energy to meet climate goals while ensuring grid stability.

Hinduja Group to Invest ₹2,500 Crore in Tamil Nadu Towards Renewables & New Mobility Solutions

• Hinduja Renewables to explore 200 MW+ projects across solar, wind and battery technologies
• Ohm Global Mobility to operationalise electric buses for public transport and expand mobility solutions value chain
• Group to explore opportunities across automotive, financial services, energy, battery charging infrastructure and digital mobility solutions

The Hinduja Group - a 111-year-old transnational conglomerate, today announced plans to invest ₹2,500 crore in Tamil Nadu. The investment will span across the group’s businesses including renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions.

As part of the commitment, Mr. Amit Saharia, Group President – Strategy, Hinduja Group signed a Memorandum of Understanding (MoU) with Mr. Deepak Jacob, IAS, MD & CEO, Guidance Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu in the august presence of Hon'ble Chief Minister of Tamil Nadu - Thiru C. Joseph Vijay, Mr. Ashok Hinduja, Chairman of Hinduja Group of Companies (India), Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, Selvi S. Keerthana, Minister for Industries, Investment Promotion and Commerce, Government of Tamil Nadu, Dr. S. Vijayakumar, IAS - Additional Chief Secretary to Government, Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu and other senior dignitaries.

A key component of the commitment will be the development of 200 MW+ renewable energy projects by Hinduja Renewables Energy Private Limited (HREPL), spanning solar, wind and battery technologies. The Group will seek land and connectivity support in identified catchment areas, including Tirunelveli, Thoothukudi and Virudhunagar, Madurai and Coimbatore as it works towards developing these projects.

In the mobility space, OHM Global Mobility Limited will operationalise electric buses for public transport in Tamil Nadu and expand its mobility solutions value chain. The Group will also explore opportunities across automotive, financial services, energy, battery charging infrastructure and digital mobility solutions as part of its broader investment commitment to the state.

Mr. Ashok Hinduja, Chairman, Hinduja Group of Companies (India), said, “Our ₹2,500 crore commitment is a statement of our confidence in Tamil Nadu and our desire to participate in its next phase of growth. With its strong industrial base, talent and renewable energy potential, Tamil Nadu is well positioned to lead India's energy and mobility transition. We look forward to building on our long-standing association with the state and working with the Government of Tamil Nadu to create lasting value through investments in clean energy, electric mobility and other emerging opportunities.”

The proposed investment reflects the Hinduja Group's long-standing presence in Tamil Nadu and its growing focus on clean energy and new mobility. The Group's businesses in the state include Ashok Leyland, Gulf Oil India, Hinduja Leyland Finance, Hinduja Housing Finance, Switch Mobility, Ohm Mobility, Gro Digital and Hinduja Tech, among others.

The latest commitment also builds on the Hinduja Group UK’s ₹7,500 crore MoU signed with the Government of Tamil Nadu in September 2025 for investments in the state's EV ecosystem, spanning battery manufacturing, battery energy storage systems and charging infrastructure. In March 2026, Ashok Leyland broke ground for a ₹500 crore greenfield battery pack manufacturing facility at Pillaipakkam near Chennai, further strengthening the state's electric mobility supply chain.

Tamil Nadu's strong industrial base, skilled talent, manufacturing capabilities and entrepreneurial ecosystem position the state well to play an important role in India's energy transition and the evolution of new mobility. The Hinduja Group looks forward to working closely with the Government of Tamil Nadu to take forward this commitment and contribute to the state's sustainable growth.

About Hinduja Group:

The Hinduja Group is a 111-year-old transnational conglomerate with over 250,000 employees across 100 countries. Founded in 1914 by Late Shri Parmanand Deepchand Hinduja, the Group has evolved into one of India’s most respected diversified business houses, with leadership in automotive, financial services, lubricants & specialty chemicals, energy, digital solutions, real estate and healthcare. Through its enterprises, the Group has contributed to India’s industrial evolution and economic progress while building strong global partnerships and market presence worldwide. Anchored in robust governance, disciplined risk management and long-term value creation, the Hinduja Group is guided by its enduring credo, “My Dharma is to work so that I can give,” reflecting a legacy that combines global enterprise with nation-building and community commitment.

CESC To Buy 1.4 GW Solar Assets from ReNew for $510M

India’s CESC, through its renewable arm Purvah Green Power, will acquire ReNew Solar’s 1.4 GW operational solar portfolio for ₹4,859 crore ($510 million), said several media reports including Reuters. The deal, closing before October 31, 2026, strengthens CESC’s push toward a 10 GW renewable energy platform.

CESC Limited (Calcutta Electric Supply Corporation) is India’s first fully integrated private power utility, headquartered in Kolkata and part of the RP-Sanjiv Goenka Group. It generates, transmits, and distributes electricity, serving millions of consumers across West Bengal and other regions.

Key Transaction Details

• Buyer: Purvah Green Power (renewable arm of CESC, RP-Sanjiv Goenka Group)
• Seller: ReNew Solar Power
• Deal Value: ₹4,859 crore ($510.1 million)
• Assets Acquired: 1.4 GW operational solar portfolio
• Geography: Six projects across Rajasthan and Karnataka
• Contracted Capacity: Over 90% tied to SECI under long-term PPAs
• Closing Timeline: Expected before October 31, 2026
• Funding: Fully financed by CESC’s parent company

Strategic Impact

• Capacity Boost: Purvah’s contracted renewable capacity rises to 4.8 GW
• Portfolio Diversification: Shift toward cash-flow generating operational projects
• Long-Term Vision: Supports RP-Sanjiv Goenka Group’s 10 GW renewable energy goal
• Consumer Reach: CESC serves 4.4 million consumers

Broader Context

• India’s Renewable Push: Aligns with national clean energy goals
• Market Significance: One of India’s largest operating solar acquisitions
• Technology Mix: Purvah develops solar, wind, and hybrid projects

Quick Comparison Table

Aspect	Details
Deal Value	₹4,859 crore ($510.1 million)
Capacity Acquired	1.4 GW operational solar
States	Rajasthan, Karnataka
Contracted Buyers	90% with SECI (long-term PPAs)
Purvah’s New Capacity	4.8 GW (1.8 GW operational + 3 GW under construction)
Strategic Goal	Build 10 GW renewable platform

Risks & Considerations

• Execution Risk: Integration of six projects across two states
• Policy Dependence: Reliance on SECI contracts
• Market Competition: Rivals include Adani Green and Tata Power
• Financing Pressure: Large acquisitions increase capital exposure

Purvah Green Power Private Limited (PGPPL) is the renewable energy arm of CESC Ltd, part of the RP-Sanjiv Goenka Group. Incorporated in December 2023, it has quickly emerged as one of India’s fastest-growing renewable energy developers, with a pipeline of over 7.6 GW across solar, wind, and hybrid projects. 

India Emerges as Global Solar Manufacturing Hub with 172 GW Capacity

India’s solar manufacturing sector has expanded dramatically, from 2.3 GW in 2014 to reaching 172 GW of module capacity by March 2026, supported by government schemes like the PLI and ALMM. This growth is positioning India as a global hub for solar technology, reducing import dependence and creating thousands of jobs.

In FY 2025–26, India’s renewable energy sector reached a landmark, recording unprecedented growth in both solar and non‑fossil fuel capacity. On 29 July 2025, renewables supplied 51.5% of the nation’s electricity demand — the highest monthly share ever achieved.

India’s Solar Manufacturing Expansion

Capacity Growth

• 2014: Manufacturing capacity stood at just 2.3 GW.
• 2026: Expanded to 172 GW, a seventy-five-fold increase.
• India now has domestic module capacity exceeding annual demand, though upstream vulnerabilities remain.

Key Government Policies

• Production Linked Incentive (PLI) Scheme: Launched in 2021 with ₹4,500 crore, expanded in 2022 with ₹19,500 crore. Attracted ₹35,000 crore investment and created ~10,000 direct jobs.
• Approved List of Models and Manufacturers (ALMM): Introduced in 2019, expanded in 2026 to include solar cells (List-II). From June 2026, all projects must source cells from ALMM List-II, ensuring quality and reliability.

India has introduced targeted measures to boost solar manufacturing and reduce reliance on imports.

Production Linked Incentive (PLI) Scheme

• Launched in 2021 with ₹4,500 crore, expanded in 2022 with ₹19,500 crore.
• Promotes domestic production of high-efficiency solar PV modules.
• By October 2024, attracted investments worth ₹35,000 crore.
• Generated direct employment for about 10,000 people.

Approved List of Models and Manufacturers (ALMM)

• Introduced in 2019 as a quality assurance framework for solar PV modules and cells.
• Ensures only approved manufacturers and models are used in government-supported and competitively bid projects.
• Promotes domestic manufacturing by mandating certified products.

Impact of PLI and ALMM

Together, these frameworks have reinforced India’s solar manufacturing ecosystem, driving self-reliance, accelerating deployment, and instilling confidence among consumers and developers.

Taking Solar to Every Household and Farm

India’s solar journey extends beyond utility-scale projects, with schemes designed to improve energy access, lower costs, and create livelihoods.

PM Surya Ghar: Muft Bijli Yojana

• Launched on 13 February 2024 with an outlay of ₹75,021 crore.
• World’s largest domestic rooftop solar programme.
• Provides subsidies and collateral-free loans for rooftop installations.
• Implemented through a national portal for seamless registration, installation, and subsidy disbursement.

Key Achievements

• Over 43 lakh households solarised as of June 2026.
• ₹14,771.82 crore disbursed as Central Financial Assistance till December 2025.
• More than 7.7 lakh households received zero electricity bills by 9 December 2025.

Comparative Table: PLI vs ALMM

Scheme	Objective	Impact
PLI Scheme	Boost domestic manufacturing of high-efficiency solar PV modules	₹35,000 crore investment, ~10,000 jobs, reduced import dependence
ALMM Framework	Ensure quality standards for modules and cells	Mandatory use of approved products, boosts confidence in domestic manufacturing

Bhadla Solar Park 

Bhadla Solar Park 

In Rajasthan’s arid Bhadla region, vast stretches of desert have been transformed into one of the world’s largest solar power complexes. Initiated under the Solar Parks Scheme in 2015 and completed in phases by 2020, the project now spans nearly 5,700 hectares (56 sq. km.) with an installed capacity of 2,245 MW. The area’s abundant solar irradiation, minimal rainfall, and sparse vegetation make it ideal for large‑scale solar generation.

Beyond its sheer scale, Bhadla exemplifies the solar park model — shared infrastructure such as land preparation and transmission facilities enabled rapid development, attracted significant private investment, and drove competitive bidding that delivered some of India’s lowest solar tariffs, making clean energy more affordable.  

Strategic Importance

• Energy Security: Reduces reliance on imported modules, especially from China.
• Economic Development: Strengthens domestic supply chains and creates jobs.
• Climate Goals: Supports India’s target of 500 GW non-fossil fuel capacity by 2030 and net-zero by 2070.
• Global Competitiveness: India is now the second-largest solar growth market globally, surpassing the U.S. in annual additions.

Challenges Ahead

• Upstream Vulnerabilities: India must scale solar cell and wafer production to reduce dependence.
• Supply Chain Resilience: Need for diversification in raw materials and technology.
• Cost Competitiveness: Maintaining affordability while ensuring high efficiency.

Global Cooperation

• International Solar Alliance (ISA): Co-founded by India and France in 2015, now a key platform for global solar collaboration.
• One Sun One World One Grid (OSOWOG): India’s vision for interconnected renewable grids, launched with the UK in 2021.

Conclusion

India’s solar manufacturing expansion is not just about numbers—it represents a strategic shift towards self-reliance, affordability, and global leadership. With strong policy support, India is building a resilient ecosystem that can serve as a blueprint for other nations.

India Fast‑Tracks World’s Largest Green Methanol Tender

India is set to finalize tenders for 500,000 metric tonnes of green hydrogen–based methanol within the next two months, under Solar Energy Corporation of India Limited (SECI)'s SIGHT scheme. The bidding process began in May 2026, with contracts expected to be awarded by September 2026, marking a major milestone in India’s National Green Hydrogen Mission.

Green hydrogen methanol (or e-methanol) is a clean liquid fuel made by combining green hydrogen with captured carbon dioxide. It turns volatile hydrogen into a stable liquid that is easy to store and transport.

SECI has officially announced the 500,000‑tonne green methanol tender under the National Green Hydrogen Mission. The tender was published on May 6, 2026, with bids opening on June 8, 2026, and includes a 10‑year Green Methanol Purchase Agreement (GMPA).

The upcoming tender is the world’s largest because no other country has yet launched a single procurement of this scale for green methanol, making it a landmark in global shipping decarbonisation and hydrogen‑derived fuels.

Most global initiatives (EU, US, China) are in the 50,000–200,000 MT range, often fragmented across multiple plants. India’s tender dwarfs other announced projects.

Part of India’s National Green Hydrogen Mission, with SECI acting as the central buyer, ensuring guaranteed demand and revenue visibility, this is the first structured offtake mechanism for green methanol at such scale, backed by a 10‑year Green Methanol Purchase Agreement (GMPA).

Key Tender Details

• Agency: Solar Energy Corporation of India (SECI)
• Scheme: Strategic Interventions for Green Hydrogen Transition (SIGHT), Mode‑2C‑Tranche‑I
• Capacity:500,000 MT per annum of green methanol
• Bidding Process: Cost-based competitive bidding, single-stage, two-envelope system
• Eligibility: Only new production facilities (greenfield projects); existing methanol plants excluded
• Contract Tenure:10-year Green Methanol Purchase Agreement (GMPA) with SECI
• Bid Range: Minimum 50,000 MT/year; maximum 250,000 MT/year per bidder
• Financials:
  • Earnest Money Deposit (EMD): ₹5,000 per MT
  • Performance Bank Guarantee (PBG): ₹7,500 per MT
  • Non-refundable bid processing fee (capacity-linked)

Strategic Importance

• Shipping Decarbonisation: First tranche prioritizes maritime fuel transition
• Climate Standards: MNRE notified Green Methanol Standard (≤0.44 kg CO₂eq/kg) in March 2026
• Energy Security: Reduces reliance on imported fossil fuels
• Global Leadership: Positions India alongside EU and US in green methanol adoption

Comparison: Green Methanol vs Alternatives

Fuel	Carbon Intensity	Use Cases	India’s Policy Support
Green Methanol	≤0.44 kg CO₂eq/kg	Shipping, chemicals	SIGHT Mode‑2C, GMPA
Green Ammonia	≤0.5 kg CO₂eq/kg	Fertilizers, energy storage	SIGHT Mode‑2A auctions
Fossil Methanol	>2.0 kg CO₂eq/kg	Chemicals, fuels	No incentives

Risks & Challenges

• Financing: High upfront costs; long-tenor GMPA helps mitigate
• Technology Readiness: Scaling green hydrogen electrolysis and methanol synthesis
• Global Competition: EU shipping corridors and US Inflation Reduction Act subsidies may outpace India
• Compliance: Strict adherence to MNRE’s carbon intensity standards required

Next Steps

• SECI will finalize bids by September 2026
• Selected producers will begin supply under GMPA, with financial incentives for 3 years
• India aims to integrate green methanol into shipping fuel corridors and chemical industries

Why It’s the World’s Largest

• Scale: At 500,000 MT per annum, India’s tender dwarfs other announced projects. Most global initiatives (EU, US, China) are in the 50,000–200,000 MT range.
• Single Tranche: India has bundled half a million tonnes into one consolidated tender, unlike fragmented projects elsewhere.
• Global Benchmark: First structured offtake mechanism for green methanol at this scale, backed by a 10‑year GMPA.
• Policy Backing: Part of India’s National Green Hydrogen Mission, with SECI acting as central buyer.

Global Comparison

Country	Largest Announced Capacity	Structure	Status
India	500,000 MT (single tender)	SECI GMPA, 10 years	Tendering, 2026
EU	200,000 MT (multiple plants)	Shipping corridors, subsidies	Under construction
US	150,000 MT (IRA‑backed)	Private projects, tax credits	Announced
China	100,000 MT (regional pilots)	Provincial support	Operational pilots

L&T and Hitachi Energy Seal 2 GW Offshore Wind FCA with TenneT, Advancing Europe’s 8 GW HVDC Renewable Integration

• L&T announces the successful conclusion of the Framework Cooperation Agreement (FCA) for 2 GW offshore wind programme with TenneT.

L&T, in consortium with Hitachi Energy, entered into FCA covering in principle six projects and future opportunities under TenneT’s ambitious 2-GW HVDC programme. The framework is designed to support large-scale integration of offshore renewable energy and accelerate Europe's transition towards a sustainable and decarbonised clean energy future.

According to L&T's order classification, the order venue is more than ₹15,000 Crore.

As part of the programme, the consortium will continue the execution of two ongoing projects – IJmuiden Ver Alpha and Nederwiek 1 – in the Netherlands. In addition, the consortium will commence two new projects, Nederwiek 3 in the Netherlands and LanWin 5 in Germany.

Together, these projects represent a cumulative transmission capacity of 8 GW operating at 525 kV. The projects will enable the transfer of renewable energy generated in the Dutch and German sectors of the North Sea to the onshore power grids.

Under the engineering, procurement, construction and installation scope, L&T will execute the offshore converter platforms and associated infrastructure, while Hitachi Energy will provide its HVDC Light® technology for efficient power conversion and transmission.

Combining L&T’s offshore engineering and project execution expertise with Hitachi Energy’s advanced power transmission capabilities, the consortium is uniquely positioned to deliver reliable HVDC infrastructure that will accelerate Europe’s renewable energy transition and support its decarbonisation goals.

L&T's Offshore Wind business vertical is backed by multidisciplinary engineering expertise through its engineering centre of excellence in India and Sharjah, UAE, strategic global partnerships, a robust supply chain ecosystem and world-class modular fabrication facilities in Kattupalli, India. These strengths enable the delivery of complex offshore structures to the highest standards of safety, quality and sustainability.

This landmark programme further strengthens L&T’s international footprint and positions the company at the forefront of developing sustainable offshore energy infrastructure for a net-zero future.

Background:

Larsen & Toubro is a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies. With a strong impetus towards AI & technology, customer–focussed approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Tata Power Plans First Solar Exports To Europe, As EU Seeks Shift Beyond China

Tata Power is preparing to export solar equipment to Europe for the first time taking advantage of the European Union’s push to reduce dependence on Chinese suppliers under the Net-Zero Industry Act, reported Reuters citing CEO Praveer Sinha. In 2023, nearly 94 percent of the EU’s solar modules and cells were imported from China, but new diversification policies and trade agreements have opened the door for Indian manufacturers. Italy has already created space for non-Chinese solar projects, making it a key entry point for Tata Power.

The company currently has 4.9 GW of integrated cell and module capacity and is working toward expanding to 10 GW of ingot and wafer production. Its initial export target is between 2 and 3 GW of solar cells and panels to Italy, with potential expansion across Europe. India’s broader solar manufacturing base, with 200 GW of module capacity and 30 GW of cell capacity, positions the country as a credible alternative supplier.

While this marks a significant opportunity for India’s renewable sector, challenges remain. Chinese modules are still cheaper, and EU certification requirements could slow entry. Tata Power’s ability to scale production quickly will be critical to meeting demand. If successful, this move strengthens India’s role as a global renewable hub and aligns with its domestic clean energy ambitions while opening new export revenue streams.

The India-EU Trade Deal

India and the European Union concluded negotiations for a landmark Free Trade Agreement (FTA) in January 2026, with formal signing scheduled by the end of 2026 and implementation in early 2027. The deal grants duty‑free access to 93% of Indian exports to the EU and significantly lowers tariffs on European goods entering India.

Key Features of the India–EU Trade Deal 2026

Market Access

• Indian exports: About 93% of shipments will enter the EU with zero duties, covering textiles, leather, marine products, gems, jewellery, and other labour‑intensive sectors.
• EU exports: Tariffs will be eliminated or reduced on 96.6% of EU goods exports to India, saving European exporters an estimated €4 billion annually.

Tariff Reductions

• Luxury cars: Import duties in India will drop from 110% to as low as 10% over time.
• Wines: Tariffs reduced from 150% to 75% initially, eventually reaching 20%.
• Olive oil: Duties cut from 45% to zero within five years.
• Processed foods: Tariffs up to 50% eliminated.

Strategic Impact

• Creates one of the world’s largest trade partnerships, covering nearly 2 billion people and about 25% of global GDP.
• Strengthens supply chain resilience, technology collaboration, and investment flows under the India–EU Trade and Technology Council.
• Positions India as a major hub for clean energy, biotech, semiconductors, and services exports, while giving EU firms privileged access to India’s fast‑growing market.

Comparison: Benefits for India vs EU

Benefit	India	EU
Export Access	93% duty‑free entry into EU	Wider access to Indian services market
Tariff Savings	Boost for textiles, gems, marine products	€4 billion annual savings on duties
Luxury Goods	Cheaper imports of cars, wines, olive oil	Expanded consumer base in India
Strategic Position	Integration into EU value chains	Doubling of goods exports to India by 2032

Tata Motors and Welspun Renewable Energy Private Limited Partner to Develop 86 MW Wind-Solar Hybrid Project

• The project is estimated to generate 200 million units of clean energy annually and offset over 1.4 lakh tons of CO₂ emissions
• The project will provide renewable energy to four Tata Motors manufacturing plants across Jharkhand, Uttar Pradesh, Uttarakhand, and Karnataka, contributing to the company’s RE100 target and advancing its net-zero emissions ambition.

Tata Motors Ltd., India’s largest commercial vehicle manufacturer, has joined hands with Welspun Renewable Energy Private Limited (WREPL), a frontrunner in India’s clean energy transition, for a landmark Power Purchase Agreement (PPA) to co-develop an 86 MW wind-solar hybrid renewable energy project supplying power to Tata Motors’ manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand and Karnataka.

Estimated to generate 200 million units of clean electricity annually, the project is expected to offset over 1.4 lakh tons of CO₂ emissions each year. Enabled through co-investment and a long-term Power Purchase Agreement (PPA), this integrated wind-solar hybrid solution will provide a reliable supply of green energy exclusively to Tata Motors’ four manufacturing facilities in the covered states, supporting the production of commercial vehicles.

This initiative will significantly catalyse Tata Motors’ clean energy transition and support its RE100 target by 2030, accelerating meaningful progress toward climate-resilient operations. It also marks a major milestone in Tata Motors’ sustainability roadmap, aligning with the company’s broader ambition to achieve net-zero emissions through responsible manufacturing.

Signing the PPA, Mr. Vishal Badshah, Vice President – Operations, Tata Motors Ltd, said, "This project reflects Tata Motors’ continued focus on building greener and more energy-efficient manufacturing operations. The scale and integrated nature of this wind-solar hybrid solution will help us secure a reliable supply of renewable energy for key commercial vehicle manufacturing facilities, while meaningfully reducing carbon emissions across operations on a sustained basis. Collaborations like these are critical as we progress to fulfil our RE-100 commitment and net-zero aspirations."

Speaking on the occasion, Mr. Kapil Maheshwari, MD & CEO, Welspun Renewable Energy Private Limited, said, “This partnership with Tata Motors represents a defining milestone in Welspun New Energy's journey. We are not merely signing a PPA, we are co-creating a model for how India's largest manufacturers can decarbonize and achieve net zero and sustainability goals. We thank Tata Motors for their trust and look forward to making this one of many long and successful partnerships. At Welspun New Energy, we remain committed to building resilient, future-ready renewable energy infrastructure for both Utilities and C&I consumers”. 

About Tata Motors Ltd (Formerly TML Commercial Vehicles Ltd):

Part of the USD 180 billion Tata Group, Tata Motors Ltd., (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. With over eight decades of leadership in commercial mobility, the company is known for its innovation, reliability, and performance. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications—from last-mile delivery to public transport while seamlessly driving the wheels of the nation’s economy. Guided by its brand promise Better Always, Tata Motors delivers future-ready solutions that enhance customer experience and drive sustainable growth. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench—amongst Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited—the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the National Stock Exchange of India Limited.

Vodafone Idea Secures 26% Stake in MTK Quantum for ₹4.33 Cr

Vodafone Idea has completed the acquisition of a 26% equity stake in MTK Quantum Green Energy Pvt. Ltd. for ₹4.33 crore, marking a significant step in its renewable energy strategy. The telecom operator purchased 43,32,250 equity shares at a face value of ₹10 each, with the transaction finalized on June 30, 2026. This investment allows Vodafone Idea to qualify as a captive user under the Electricity Act, 2003 and the Indian Electricity Rules, 2005, ensuring compliance with regulations governing captive power plants. The deal does not involve any related party transactions, nor did it require government or regulatory approvals, making it a straightforward cash consideration acquisition.

MTK Quantum Green Energy Pvt. Ltd., incorporated on October 29, 2025, is a newly established company focused on renewable energy generation, transmission, and distribution. Its primary project is the development of a captive solar power plant in Tamil Nadu, designed to supply clean energy to its stakeholders. The company has an authorised share capital of ₹17 crore and a paid-up share capital of ₹16.66 crore, though it has not yet reported turnover given its early stage of operations.

For Vodafone Idea, the strategic rationale behind this acquisition lies in cost optimization and sustainability. Telecom networks are energy-intensive, and captive renewable power offers lower per-unit costs compared to grid tariffs. By securing a stake in MTK Quantum, Vodafone Idea not only reduces its long-term operational expenditure but also strengthens its ESG credentials by aligning with India’s push for green energy adoption. This move also provides a hedge against volatile energy prices, supporting operational efficiency and margin stability.

Although the financial size of the deal is relatively modest compared to Vodafone Idea’s overall debt and capital expenditure, the long-term implications are noteworthy. The investment reflects a broader trend in the Indian telecom sector, where operators are increasingly turning to captive renewable energy projects to manage tower operating costs and improve sustainability. For Vodafone Idea, this acquisition enhances its positioning as a forward-looking telecom operator committed to both financial discipline and environmental responsibility.

Vodafone Idea has been under sustained financial pressure due to high debt, intense competition, and the need for continuous network investments. By investing ₹4.33 crore in MTK Quantum, the company is not only ensuring compliance with captive power regulations but also securing a pathway to reduce one of its largest recurring costs—electricity for telecom towers and data centers.

This acquisition is part of a wider industry trend where telecom operators are diversifying into renewable energy to stabilize operating margins. Captive solar and wind projects allow telcos to hedge against rising grid tariffs and volatile fuel prices, while also aligning with India’s national renewable energy targets. For Vodafone Idea, the deal strengthens its ESG profile, which is increasingly important for attracting institutional investors and meeting sustainability-linked financing requirements.

Comparing sectoral approaches, Bharti Airtel has already invested in renewable energy through its partnership with Nxtra Data, while Reliance Jio benefits from Reliance Industries’ broader green energy initiatives. Vodafone Idea’s move, though smaller in scale, signals its intent to remain competitive by adopting similar cost-saving and sustainability strategies. The difference lies in timing and scale—Airtel and Jio are ahead in execution, while Vodafone Idea is taking incremental steps to catch up.

In the long run, such investments could help Vodafone Idea improve EBITDA margins, reduce dependence on external power suppliers, and project itself as a responsible corporate citizen. While the immediate financial impact is modest, the strategic value lies in operational efficiency, regulatory compliance, and alignment with global sustainability trends.

Gruner Sets Asia Record with 23.5 TPD BioGas, Driving India’s Clean Energy Revolution

• Becomes the second-highest performing CBG plant globally.

Gruner Renewable Energy, the flagship company of the Gruner Group and one of World's fastest-growing Technology + Engineering, Procurement and Construction (T+EPC) companies in the Compressed BioGas (CBG) sector, has achieved a historic milestone in India's clean energy landscape. The Company has established a new benchmark by recording an unprecedented 23.5 tonnes per day (TPD) of CBG production in a single day at Satna—the highest ever achieved by any CBG facility in Asia. The BioGas plant built and operated by Gruner is operating at 120% of its designed production capacity, significantly outperforming industry utilization levels, where many CBG facilities continue to operate at only 40–50% of installed capacity. This remarkable accomplishment positions the facility among the world's top-performing renewable energy assets and makes it the second-highest performing CBG plant globally.

This landmark achievement underscores India's growing capability to develop, operate, and scale world-class bioenergy infrastructure that meets global standards. It also reinforces the transformative potential of the country's biofuel ecosystem in converting agricultural and organic waste into valuable clean energy resources.

A key driver behind this success is the company's access to global engineering expertise through Gruner New Inergie Deutschland GMBH, the Technical Excellence Centre of Gruner, which brings together more than 25 years of international bioenergy experience and a cumulative portfolio of 500+ bioenergy and biogas plant references worldwide. The integration of global best practices with local execution capabilities has enabled Gruner Renewable Energy to consistently deliver high-performance CBG infrastructure across India.

The Satna facility stands as a powerful example of innovation, operational excellence, and sustainability working in harmony. By efficiently converting agricultural residue and paddy straw into renewable fuel, the plant contributes significantly to reducing greenhouse gas emissions, promoting sustainable waste management, enhancing rural incomes, and strengthening India's long-term energy security.

Commenting on the achievement, Utkarsh Gupta, Founder & CEO, Gruner Renewable Energy, said, "Achieving 23.5 TPD of CBG production and operating at 120% of our designed capacity is a defining milestone not only for Gruner Renewable Energy but for India's entire bioenergy sector. This achievement demonstrates that India has the capability to build and operate world-class renewable energy infrastructure while transforming agricultural waste into clean energy, farmer prosperity, and greater energy security for the nation."

Mehmet Oenal, COO of Gruner New Inergie Deutschland GMBH, added, "This achievement is far greater than a corporate milestone—it represents a defining moment for India's bioenergy sector. The record-setting performance of our Satna CBG Plant demonstrates that India possesses the capability, expertise, and vision to build and operate renewable energy infrastructure that can compete with the very best in the world."

The achievement comes at a pivotal time as India accelerates its clean energy transition through flagship initiatives such as the Sustainable Alternative Towards Affordable Transportation (SATAT) Programme and the National Bioenergy Programme. Gruner Renewable Energy continues to play a vital role in supporting these national objectives through the development and execution of large-scale Compressed BioGas infrastructure across the country.

With an order book exceeding ₹4,500 crore and more than 72 CBG projects under execution across multiple states, Gruner Renewable Energy is actively contributing to the creation of a robust bioenergy ecosystem. The company's efforts are generating rural employment opportunities, supporting farmers with additional income streams, promoting circular economy practices, and accelerating India's transition toward a low-carbon, energy-secure future.

As India advances toward its ambitious sustainability and net-zero goals, Gruner Renewable Energy remains at the forefront of the green fuel revolution, demonstrating how innovation, scale, and execution excellence can drive meaningful environmental and economic impact.

About Gruner Renewable Energy

Gruner Renewable Energy is the flagship company of the Gruner Group and specializes in Engineering, Procurement, and Construction (EPC) solutions for Compressed BioGas projects. Backed by the Gruner Technical Excellence Centre (GTE) in Germany, which brings over 25 years of global expertise and experience across 500+ bioenergy projects worldwide, the company combines international engineering excellence with local execution capabilities. With over 63 ongoing projects across India and an order book exceeding ₹4,500 crore, Gruner Renewable Energy is helping accelerate India's transition toward sustainable, circular, and carbon-neutral energy systems.

GPS Renewables Raises ₹635 Cr in Series C Funding Led By PixelSky Capital

GPS Renewables (GPSR), a leading full-stack renewable oil and gas company, has raised ₹635 crore in Series C Funding.

The Series C round comprises ₹125 crore in equity funding led by PixelSky Capital, with participation from the Spectrum Impact Family office and other investors. This is further coupled with a tie-up for equity under the asset hold-co, Arya of ₹200 crore from a leading Korean conglomerate. Earlier, a similar round of tie-up of for the asset platform business with IOC was done ₹310 crore from Sojitz Corporation.

The freshly induced capital will support the company's next phase of growth, strengthen its financial position, and accelerate the execution of a growing pipeline of large-scale compressed biogas (CBG) projects across India. A portion of the funds will also be invested in GPSR Arya, the company's project development platform, to support ongoing and upcoming projects.

Mainak Chakraborty, Co-founder and CEO, GPS Renewables, said, “The capital raise is a testament of the growing potential of the Renewables Natural Gas sector and a step towards contributing towards an energy secure nation. The current fundraise comes at a time when we are focused on scaling large-scale bioenergy infrastructure projects across the country. This capital enhances our execution capabilities, and positions us well to deliver on a growing portfolio of projects. As India accelerates its transition towards cleaner fuels, we remain committed to building the infrastructure required to support that transformation.”

“The capital raise allows GPS group to fortify its balance sheet and is a step towards funding its capital management plan. The capital will allow us to leverage further for the EPC business as well as invest in GPS Arya, our asset platform business” Parag Parikh, Group CFO GPS Renewables and CEO, Arya added.

Zerin Rahman, Managing Partner, PixelSky Capital said “GPS Renewables has consistently shown a highly disciplined approach towards scaling bioenergy infrastructure in India. Their proven track record of consistently delivering and being profitable since inception gave us a lot of confidence in their technology and execution capabilities. We look forward to supporting them in their next phase of growth.

Akshay Panth, Chief Investment Officer, Neev Funds said “GPS Renewables is a compelling example of the role catalytic, growth-stage climate capital can play in shaping nascent sectors. SVL-SME Fund is proud to continue backing the GPS team, having witnessed their impressive journey in building a resilient bioenergy platform. GPSR’s expanding portfolio in Sustainable Aviation Fuel (SAF), positions them strongly to deliver large-scale decarbonisation impact to solve India's energy transition and security challenges. The subsequent mobilization of global institutional and commercial capital has validated our conviction in the untapped potential of biogas sector and quality of the GPS team. We look forward to supporting GPS Renewables' next phase of growth.”

Over the past decade, GPS Renewables has built capabilities across technology, software, design and engineering, EPC, operations and maintenance, and project development. Today, the company is an 800+member strong organization with annual revenue of approximately ₹1,000 crore.

GPS Renewables has delivered several industry-first projects, including Asia's largest municipal solid waste-based CBG plant in Indore, one of the world's fastest-executed CBG plants in Barabanki, and the upcoming CBG complex in Kakinada, which is expected to be among the largest globally.

The company's current pipeline includes more than 30 operational or near-complete projects, with visibility on over 200 CBG projects being developed in partnership with oil marketing companies. GPS Renewables is also the only Indian company with joint ventures with both Indian Oil Corporation and Bharat Petroleum Corporation Limited for the development of CBG infrastructure.

The company recently secured an EPC contract from NTPC Limited to construct India's first Ethanol-to-Jet (ETJ) Sustainable Aviation Fuel (SAF) plant.

Greenply Powers Vadodara Plant with 80% Renewable Energy, Strengthening Clean Manufacturing Vision

• Renewable energy integration strengthens Greenply’s sustainability roadmap through enhanced energy security, operational efficiency, and reduced carbon footprint

Greenply Industries Limited has commissioned its second Power Purchase Agreement (PPA) at the Vadodara manufacturing facility, drawing electricity from a mix of renewable sources. With the commissioning of the second renewable energy asset, close to 80% of the Vadodara facility’s total energy consumption is now supported through renewable energy sources, significantly strengthening the plant’s clean energy footprint while enhancing long-term energy security and operational efficiency.

With the operationalisation of the second asset, Greenply now sources a substantially higher share of its electricity requirements from renewable energy at the Vadodara facility. The development reflects the company’s continued focus on building environmentally conscious manufacturing operations while steadily reducing its carbon footprint.

India’s industrial sector faces mounting pressure to decarbonise, even as grid electricity costs remain unpredictable. While clean energy adoption has become a wider priority across manufacturing industries, Greenply began integrating sustainability-led operational practices and clean technology solutions much earlier as part of its long-term manufacturing vision. Greenply’s approach at Vadodara, combining renewable procurement with in-plant EV mobility and other environmentally responsible practices, reflects this broader commitment. The renewable energy assets support round-the-clock power generation aligned with the plant’s real-time consumption requirements, helping improve energy reliability, reduce greenhouse gas emissions, and create greater predictability in long-term power costs. The initiative also aligns with the broader direction of India’s transition towards cleaner and more sustainable industrial growth.

Commenting on the development, Sanidhya Mittal, Joint Managing Director, Greenply Industries Limited, said, “Sustainability at Greenply isn’t a box we tick, it’s built into how we make decisions about manufacturing, growth, and where we invest. The second renewable asset at Vadodara reflects our continued effort to build manufacturing operations that are more resilient, energy efficient, and environmentally responsible. Every step towards cleaner energy strengthens our ability to build more future-ready manufacturing operations while contributing meaningfully to long-term environmental and economic sustainability. As more Indian manufacturers accelerate their sustainability efforts, we remain focused on building systems and practices that can create meaningful long-term impact.”

This latest step sits alongside a broader innovation story at Greenply. The company was among the first in India to introduce E0-level plywood manufactured with zero added formaldehyde and has also been an early mover in fire-retardant technology for premium wood panel products. The common thread across these initiatives is a consistent focus on raising industry benchmarks ahead of evolving market expectations.

About Greenply Industries Limited:

Greenply Industries Limited is among India’s leading interior infrastructure companies with a strong presence of 42 years in the wood panel industry. The company operates five state-of-the-art manufacturing facilities across the country and offers a wide portfolio of products including Plywood, MDF, Block Boards, Flush Doors, Decorative Veneers, PVC and Flooring products for domestic as well as global markets. With a strong distribution network spanning 1,100+ cities, towns, and villages across 27 states and 6 union territories, supported by more than 2,300 dealers and authorized stockists, a retail network exceeding 6,000 outlets, and 50+ physical and virtual branches across India.

IMFA Acquires 26% Stake in EG Urja Strot, Secures 65 MW Hybrid Renewable Power for Ferrochrome Operations

Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading fully integrated producer of ferro alloys, announced the acquisition of a 26% equity stake in EG Urja Strot Private Limited for an aggregate consideration of approximately Rs 110.18 crore.

The company has also executed a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the Captive Consumer structure as defined under the Electricity Act, 2003 and Electricity Rules, 2005, securing a contracted demand of 65 MW of hybrid renewable power for its ferro chrome operations. The underlying hybrid renewable energy project has a total installed capacity comprising solar capacity of 81.4 MW, wind capacity of 102.6 MW and battery energy storage system (BESS) capacity of 25 MWh, of which IMFA will draw 65 MW as a captive consumer. The indicative timeline for completion of the project is June 2027.

This development follows the previously announced 70 MWp hybrid renewable energy sourcing arrangement, expected to commence in Q2 FY27. With the signing of this agreement, IMFA’s contracted renewable energy supply portfolio stands at 135 MW. About 1.6 tonnes of carbon emission shall be offset annually and ~45 lakh tonnes over the course of the agreement, marking a significant step in IMFA’s transition to cleaner and more sustainable energy sources.

Renewable energy is now expected to account for nearly 40% of the Company’s total energy mix in the next fiscal. It will also help ensure reliable and cost-effective power supply for the company’s operations.

Incorporated on March 6, 2025, EG Urja Strot Private Limited is engaged in the renewable energy business in India.

Commenting on the development, Mr Binoy Agarwalla, Vice President and Head, Power Business Unit, said, “This acquisition is aligned with IMFA’s long-term strategy of strengthening energy security whilst increasing the share of renewable power in our overall energy mix. The arrangement will support our operations with reliable and competitively priced green power over the long term.”

Mr Agarwalla added, “The combination of solar, wind and battery storage capacity is expected to improve operational efficiency and provide greater stability in power procurement. Building on the strong foundation of our integrated business model, we will continue to pursue opportunities that enhance competitiveness and create sustainable value for stakeholders.”

About IMFA

Indian Metals & Ferro Alloys Ltd (IMFA), incorporated in 1961 and headquartered in Bhubaneswar, Odisha, is India’s largest fully integrated producer of value-added ferrochrome with an installed furnace capacity of 289 MVA capable of producing 434,000 tonnes per annum (tpa). The company operates captive chrome ore mines at Sukinda and Mahagiri, along with manufacturing complexes at Therubali, Choudwar and Kalinganagar. It also has captive power generation capacity comprising 200 MW coal-based and 4.55 MWp solar. IMFA’s operations are benchmarked to international standards and are ISO 9001 (Quality Management Systems) certified.

With the greenfield ferro chrome project in Kalinganagar, total furnace capacity will stand at 355 MVA (534,000 tpa). Chrome Ore requirement for the enhanced smelting capacity will be entirely met from the company’s captive chrome ore mines and supported by hybrid renewable power. As part of its diversification strategy, a 120 kLD grain-based ethanol plant is being set up at Therubali, Odisha.

India’s Wind Energy Breakthrough: 6.05 GW Added, Capacity Tops 56 GW

India has achieved a record-breaking milestone by adding 6.05 GW of wind power capacity in FY 2025–26, the highest-ever annual addition, pushing cumulative installed wind capacity beyond 56 GW. This marks a 46% jump over FY 2024–25 and signals renewed momentum in India’s clean energy transition. 

The record addition significantly strengthens India’s renewable energy portfolio and contributes towards achieving the national target of 500 GW of non-fossil fuel-based energy capacity by 2030.

Key Highlights of the Achievement

• Annual Addition: 6.05 GW in FY 2025–26, surpassing the previous peak of 5.5 GW in FY 2016–17.
• Growth Rate: Nearly 46% higher than FY 2024–25.
• Cumulative Capacity: India’s installed wind power capacity now exceeds 56 GW.
• Leading States: Gujarat, Karnataka, and Maharashtra contributed the most, driven by wind-solar hybrid projects and green energy open access.

Policy Drivers Behind the Surge

• Concessional Customs Duty: Reduced import duties on turbine components and raw materials.
• Waiver of ISTS Charges: Graded waiver of Inter-State Transmission System (ISTS) charges until June 2028, lowering costs for developers.
• Competitive Bidding: Transparent tariff discovery mechanisms have improved investor confidence.
• Wind Renewable Consumption Obligation (RCO): A framework requiring distribution companies to source a minimum share of electricity from wind, strengthening demand.
• National Institute of Wind Energy (NIWE): Provides technical support, resource assessment, and R&D infrastructure to accelerate deployment.

Why This Matters

• Energy Security: Wind power strengthens India’s renewable portfolio, reducing dependence on fossil fuels.
• Climate Commitments: Supports India’s target of 500 GW non-fossil fuel capacity by 2030, aligned with its Paris Agreement commitments.
• Global Standing: India remains among the top wind energy markets worldwide, with a robust ecosystem built since the early 1990s.

Explaining Key Terms

• ISTS (Inter-State Transmission System): National grid infrastructure that allows electricity generated in one state to be transmitted to another. Waivers reduce costs for renewable developers.
• RCO (Renewable Consumption Obligation): A mandate requiring electricity distribution companies to purchase a fixed percentage of their supply from renewable sources, ensuring demand stability.
• NIWE (National Institute of Wind Energy): A government R&D body under MNRE, headquartered in Chennai, responsible for wind resource assessment, certification, and technical support for projects.

Outlook

India’s record wind capacity addition in FY 2025–26 reflects policy clarity, transmission readiness, and project pipeline maturity. With hybrid projects and open access frameworks expanding, the sector is poised for sustained growth. This achievement not only strengthens India’s renewable energy mix but also demonstrates its seriousness in meeting climate goals and leading global clean energy markets.

ReNew Secures $95M LeapFrog-Led Investment to Boost C&I Clean Energy

ReNew Energy Global Plc has secured a major $95 million equity investment led by LeapFrog Investments, with co-investors Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest. The funds will be used to expand ReNew’s fast-growing Commercial & Industrial (C&I) renewable energy platform in India.

Key Highlights of the Investment

• Total Investment: $95 million (~₹878 crore)
• Lead Investor: LeapFrog Investments, contributing $50 million
• Co-Investors: EMCAF and Carlyle AlpInvest
• Date Announced: March 16, 2026
• Purpose: Expansion of ReNew Green Energy Solutions’ C&I renewable energy portfolio

ReNew Green Energy Solutions (C&I Platform)

• Portfolio Size: Over 2–2.5 GW of commissioned capacity across multiple Indian states
• Corporate Clients: Long-term agreements with Microsoft, Amazon, Google
• Market Position: One of India’s largest clean energy portfolios for corporate customers
• Focus: Decarbonization solutions tailored for commercial and industrial clients
  

ReNew’s Previous Fundraises

ReNew Energy has raised significant capital through multiple fundraises over the years, including equity rounds from global investors and large-scale green bond issuances. ReNew's earlier fundraises include billion‑dollar equity commitments and landmark bond deals.

Equity Funding

• Total Equity Raised: ~$1.64 billion since inception
• Key Investors: CPP Investments, Goldman Sachs, Abu Dhabi Investment Authority (ADIA)
• Use of Funds: Scaling utility-scale wind, solar, and hybrid projects across India

Debt & Bond Issuances

• April 2023 – $400 Million Green Bonds: Raised via subsidiary Diamond II, with strong investor interest from US, Europe, and Asia
• Purpose: Refinancing dollar-denominated debt and supporting growth initiatives
• Significance: First high-yield issuance out of India in over a year

Snapshot Table of Fundraises

Year	Amount	Type	Investors/Details	Purpose
2026	$95M	Equity	LeapFrog, EMCAF, Carlyle AlpInvest	Expand C&I renewable platform
2023	$400M	Green Bonds	Diamond II subsidiary issuance	Debt refinancing & growth
2011–2022	$1.64B	Equity	CPP Investments, Goldman Sachs, ADIA	Utility-scale wind & solar expansion

Sumant Sinha, Founder, Chairman & CEO, ReNew said, “The C&I industry will be central to India’s decarbonisation journey, and with investors like LeapFrog, we can deepen our ability to provide reliable, cost‑competitive renewable power to leading businesses across sectors. This partnership helps us scale solutions that reduce emissions, strengthen energy security, and support India’s industrial growth in a way that is both sustainable and inclusive.”

Nakul Zaveri, Global Co-Lead for Climate Investment Strategy, LeapFrog Investments said, “This investment exemplifies LeapFrog’s climate strategy of backing high-growth, scalable businesses that enable emerging markets to leapfrog to cleaner, more resilient energy systems. ReNew Green addresses a clear and rapidly-growing demand for reliable renewable energy solutions among commercial and industrial customers, underpinned by structural tailwinds and a sustained green discount compared to grid tariffs. We believe this platform can deliver strong commercial performance while driving meaningful emissions reduction and job creation at scale.”

Tata Power Deploys Salesforce Agentforce to Revolutionize Renewable Energy Operations

Tata Power, one of India’s largest vertically integrated power companies, today announced its collaboration with Salesforce, the world’s #1 AI CRM*, to digitally transform its rapidly expanding rooftop solar (RTS), EV charging, and smart home solutions businesses. The collaboration reinforces Tata Power’s long-term clean energy roadmap aligned with India’s net-zero ambitions by establishing a secure, intelligent, and fully integrated clean energy ecosystem powered by AI, automation, and data-driven insights. The platform will enable scalable growth, deeper partner and customer engagement, and operational excellence across the renewable energy value chain.

As part of this transformation, Tata Power has deployed Agentforce Sales, Agentforce Service, and Agentforce Marketing across its renewable energy subsidiary, Tata Power Renewable Energy Limited (TPREL). The Salesforce platform powers intelligent, AI-enabled workflows that enhance visibility, accelerate decision-making, and create seamless omnichannel experiences—driving efficiency, agility, and service leadership at scale.

Agentforce Sales and Agentforce Service form the foundation of Tata Power’s best-in-class omnichannel engagement model. Salesforce serves as a strategic digital backbone for Tata Power’s high-growth renewable energy businesses. The platform enables end-to-end digitisation of partners and customer journeys, delivering streamlined lead management, inventory visibility, process automation, and real-time performance tracking. This ensures enhanced transparency, operational efficiency, and a superior customer experience across touchpoints.

Additionally, Tata Power has developed a proprietary deep learning and agentic intelligence layer built on top of Salesforce to enable a zero-touch quality and safety validation process. This digital capability facilitates instant on-site verification and automated warranty generation, reinforcing Tata Power’s commitment to quality assurance and delivery excellence under its Solaroof offerings.

Driven by strong policy momentum under the Pradhan Mantri Surya Ghar Yojana, Tata Power’s residential rooftop solar segment has delivered over 200% growth across the past two financial years. Overall, the Company’s solar portfolio has achieved a fivefold increase in revenues between FY2020 and FY2025, reflecting accelerated market adoption, digital-led execution excellence, and expanding customer trust across segments.

Looking ahead, Tata Power and Salesforce will collaborate to co-innovate high-impact, agentic AI-led workflows designed to transform omnichannel customer and partner contact centre operations - driving faster resolution, proactive service, and predictive engagement.

Dr Praveer Sinha, CEO and MD Tata Power said, “Tata Power is leading India’s green energy transition by scaling rooftop solar nationwide, expanding EV charging infrastructure, and advancing intelligent energy management solutions. As we accelerate this growth, digital capability is a critical enabler of scale, speed, and customer trust. Leveraging Salesforce’s AI-powered platform, we are transforming customer and partner journeys with greater transparency and agility, while strengthening operational excellence. Together, we are building a future-ready clean energy ecosystem that advances India’s net-zero ambitions.”

Arundhati Bhattacharya, President & CEO at Salesforce - South Asia, said, "The path to a sustainable future is being paved by visionary enterprises that are embedding intelligence, agility, and customer-centricity into the core of their operations. Tata Power’s digital-first approach to accelerating India’s green energy mission exemplifies how technology can be a powerful catalyst for national transformation. At Salesforce, we are proud to partner with Tata Power in building a future-ready energy ecosystem—one that harnesses the power of data, AI, and automation to drive scalable impact, inclusive growth, and long-term climate resilience.”

GAIL to Invest Rs 17.36 Bn for a Wind Project in Maharashtra

GAIL (India) Limited has announced an investment of ₹17.36 billion (₹1,736 crore) to establish a 178.2 MW wind power project in Maharashtra, marking a significant step in its renewable energy expansion strategy. This initiative aligns with GAIL’s broader ambition to achieve net zero carbon emissions by 2035, diversifying beyond its traditional natural gas operations into clean energy.

Strategic Importance

• Scale & Impact: The project will add substantial capacity to India’s wind energy portfolio, supporting grid stability and clean power supply in Maharashtra.
• Diversification: GAIL is steadily building a renewable portfolio, which now includes both wind and solar projects totaling nearly 296 MW.
• Climate Goals: The investment reinforces India’s national target of achieving 500 GW of renewable capacity by 2030, while advancing GAIL’s own decarbonization roadmap.

Industry Context

India’s state-owned energy enterprises are increasingly pivoting toward renewables, but their strategies differ in scale and approach:

Company	Investment	Capacity/Asset	Location/Scope	Strategic Significance
GAIL	₹17.36 billion	178.2 MW wind	Maharashtra	Expands portfolio to ~296 MW (including solar), supports net-zero 2035 target
ONGC–NTPC JV (ONGPL)	₹195 billion (~$2.3B)	4.1 GW (Ayana Renewable Power acquisition)	Multi-state portfolio	Major leap into utility-scale renewables, diversifies beyond hydrocarbons
NTPC Green Energy	~5.9 GW (post-Ayana acquisition)	Mix of solar, wind, hybrid	Pan-India	India’s largest renewable PSU portfolio, central to national energy transition

Key Takeaways

• Scale difference: GAIL’s project is significant but modest compared to NTPC and ONGC’s multi-gigawatt acquisitions.
• Strategic intent: GAIL is pursuing organic growth through new projects, while ONGC and NTPC are scaling rapidly via acquisitions.
• Portfolio positioning: GAIL remains primarily a gas utility diversifying into renewables, whereas NTPC is transforming into a dominant renewable power producer.

The Bigger Picture

Together, these moves highlight how India’s state-owned energy giants are aligning with the country’s energy transition goals. While NTPC and ONGC are racing ahead with large-scale acquisitions, GAIL’s steady project-based expansion reflects a more measured but consistent commitment to clean energy.

Adani to Build India’s Longest Wind Blade, Stretching a Football Field

Adani New Industries Limited (ANIL), the renewable manufacturing arm of the Adani Group, has officially announced that it will produce India’s longest onshore wind turbine blades measuring 91.2 metres at its Mundra facility in Gujarat.

For an uninitiated, longer blades sweep a larger area, capturing more wind energy per rotation. They enable turbines to generate more electricity even when wind speeds are modest. These blades are designed for advanced turbine models that can deliver higher capacity and reliability.

ANIL is not just chasing records — it’s strategically enabling turbines to produce more power at sites where wind conditions aren’t always optimal, making renewable energy more viable across India.

Great news.....
Adani Arm manufactures India's longest 91.2metre wind turbine blades at Mundra.

Adani New Industries Limited (ANIL), the renewable manufacturing arm of the Adani Group, is set to manufacture India’s longest onshore wind turbine blades a massive 91.2 metres at its… pic.twitter.com/X95PrgrSrC

— 𝐌𝐚𝐧𝐨𝐣 𝐊𝐮𝐦𝐚𝐫 (@XGuruManoj) February 28, 2026

Key Highlights

• Blade Size: 91.2 metres — nearly the length of a football field.
• Facility: Mundra, Gujarat, which already manufactures 78.6m and 80.5m blades.
• Purpose: Designed for next-generation turbines to maximize energy output, especially in low- and medium-wind regions.
• Significance: Represents a major leap in design complexity, materials engineering, and manufacturing capability.
• Ecosystem: Mundra is evolving into a multi-technology renewable hub, housing wind turbine, solar module, and component manufacturing in one integrated ecosystem.

This announcement positions Adani as a key player in India’s renewable energy self-reliance push, with the new blades expected to enhance efficiency and reduce costs in wind power generation.

Currently, the largest wind turbine blades in the world measure 153 metres (502 feet). These ultra‑long blades were developed by Dongfang Electric Corporation in China for its 26 MW offshore wind turbine, which is considered the most powerful turbine globally. 

For comparison, Adani’s upcoming 91.2m blades are record‑breaking for India’s onshore segment, but globally, offshore blades are significantly larger due to fewer transport constraints and higher wind capture potential.  

Tata Power Commissions 400 kV Koteshwar–Rishikesh Line, Boosting North India’s Renewable Energy Corridor

Representative Image

• Benefiting 6 Northern States and 3 UTs, project’s on-time commissioning reflects Company’s excellence in precision-driven execution

In a major enhancement to India’s northern power corridor, Tata Power today announced the commissioning of the 400 kV Koteshwar–Rishikesh transmission line, a critical link that will enable the evacuation of 1,000 MW of hydropower from the Tehri–Koteshwar generation complex in Uttarakhand to multiple northern states and Union Territories.

The project was executed under NRSS XXXVI Transmission Ltd., acquired by Resurgent Power Ventures Pvt. Ltd.- a joint venture promoted by Tata Power, ICICI Bank Limited and global investors.

The new line will channel clean, renewable energy not only to Uttarakhand but also to Haryana, Punjab, Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh, Chandigarh, Rajasthan, and Delhi significantly strengthening regional energy security and grid reliability.

Constructed across some of the most challenging Himalayan terrain in New Tehri and Dehradun districts, the transmission line climbs to altitudes exceeding 1,816 meters above sea level. The project demanded extraordinary engineering ingenuity, from transporting materials through head-loading in remote mountainous regions to adhering to strict environmental norms while operating in forested zones.

Despite the logistical and geographical hurdles, more than 500 skilled personnel completed the project’s physical work within a single year (November 2024 to December 2025), following land clearance for 103 hectares. The successful, on-time commissioning of the project demonstrates Tata Power’s strong capabilities in safety, high-precision execution and sustainable infrastructure development.

This line represents the third major commissioning milestone under the NRSS XXXVI project. Earlier elements include the 400 kV LILO Sikar–Neemrana Double Circuit line (3.1 circuit km) and the 400 kV LILO Babai–Bhiwani Double Circuit line (222 circuit km).

With its addition, Tata Power now has 7,083 circuit km of transmission lines operational / under execution across India, further reinforcing its role in fortifying the nation’s electricity transmission backbone.

Adani Green Adopts TNFD Framework to Boost Sustainability and Biodiversity Goals

Adani Green Energy Ltd (AGEL) has formally announced that it is integrated the Taskforce on Nature-related Financial Disclosures (TNFD) framework into its core sustainability strategy, marking a shift toward nature-positive renewable energy development.This move positions AGEL as one of the first Indian renewable companies to embed biodiversity and ecological risk management into enterprise-wide planning.

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What this means

• TNFD framework: A global, science-led initiative that helps companies identify, assess, manage, and disclose nature-related risks and opportunities.
• AGEL’s adoption: Starting FY24, AGEL began company-wide assessments to map dependencies, impacts, risks, and opportunities across all operational sites (over 16.5 GW renewable portfolio across 12 states in India).
• Strategic shift: Moves beyond traditional ESG compliance toward a nature-positive model, ensuring ecological wellbeing is integrated with clean energy expansion.

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Key commitments

• No net loss of biodiversity by 2030: AGEL has pledged to achieve this target, aligning with global conservation priorities.
• Tree plantation drive: Plans to plant 27.86 million trees as part of its ecological stewardship agenda.
• TNFD Adopters Group: AGEL joined even before formal adoption, signaling intent to embed nature-related insights into strategic planning.
• Leadership in renewables: Strengthens AGEL’s position among global renewable companies integrating biodiversity into decision-making.

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Why it matters

• For investors: Enhances transparency on ecological risks, aligning with global disclosure standards.
• For India’s climate goals: Supports renewable energy expansion while safeguarding biodiversity.
• For communities: Ensures renewable projects consider local ecosystems, reducing conflict and enhancing sustainability.

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Risks and challenges

• Implementation complexity: Mapping biodiversity impacts across 16.5 GW of assets is resource-intensive.
• Verification and accountability: Achieving “No Net Loss” requires robust monitoring and third-party validation.
• Balancing growth versus ecology: Rapid renewable expansion must avoid unintended ecological trade-offs.

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Takeaway

Adani Green’s integration of TNFD guidance is not just compliance—it’s a strategic pivot toward nature-positive growth. By embedding biodiversity into its sustainability strategy, AGEL is signaling that renewable energy expansion must go hand-in-hand with ecological stewardship.