ACME Group has secured a Letter of Award under the SIGHT scheme for a green ammonia production project. The company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd for 10 years at Rs 55.75 per kilogram. ACME Cleantech Solutions will commence deliveries within 36 months of signing the Green Ammonia Purchase Agreement with SECI.
Tata Motors has partnered with Green Energy Mobility to supply 100 electric buses to Tamil Nadu, marking a significant step towards sustainable intercity transportation. The 44-seater Magna EV buses, boasting a 300km range, will offer cleaner travel options and align with Tamil Nadu's commitment to a sustainable transport ecosystem.
Kinetic Engineering's EV arm, Watts and Volts, has relaunched in India with the Kinetic DX EV, an electric scooter inspired by the iconic Kinetic Honda DX. Available in DX and DX+ variants, priced at Rs 1.12 lakh and Rs 1.18 lakh respectively, deliveries begin in September. The company aims for 1.
India has surpassed Japan to become the third-largest solar energy producer globally, generating 108,494 GWh of solar power, exceeding Japan's 96,459 GWh, according to IRENA data. This achievement underscores India's commitment to clean energy, driven by its ambitious goal of achieving 500 GW of non-fossil fuel-based electricity capacity by 2030.
JSW Energy's subsidiary, JSW Renew Energy Forty Five, has secured a 25-year power purchase agreement with BESCOM for a 100 MW solar project coupled with a 100 MWh Battery Energy Storage System (BESS) at a tariff of Rs 4.31 per kWh. This agreement increases JSW Energy's total locked-in energy storage capacity to 29.
ACME Group has secured a Letter of Award under the SIGHT scheme for a green ammonia production project. The company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd for 10 years at Rs 55.75 per kilogram. ACME Cleantech Solutions will commence deliveries within 36 months of signing the Green Ammonia Purchase Agreement with SECI.
Reliance Industries is making significant strides in its new energy business, with analysts expressing confidence in its potential as a major growth driver. The company expects its clean energy gigafactories to be operational within the next few quarters, targeting world-leading scale in solar and battery manufacturing.
Suzlon has secured a 381 MW wind energy order from Zelestra India for its first Firm and Dispatchable Renewable Energy (FDRE) project. The project, comprising 127 Suzlon turbines, will be spread across Maharashtra, Madhya Pradesh, and Tamil Nadu. This collaboration marks a significant step towards delivering reliable, round-the-clock renewable power and supports Zelestra's ambitious renewable energy goals.
Jakson Green, through its subsidiary JGRJ Three Solar Private Ltd, has secured its first wind Power Purchase Agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 100 MW project. The 25-year PPA, priced at Rs 3.59 per unit, will generate over 300,000,000 kWh annually, offsetting approximately 250,000 tonnes of CO₂ emissions.
India's stranded renewable power capacity has more than doubled in nine months, reaching over 50 GW due to transmission line delays, legal issues, and regulatory hurdles. This surge in stalled projects, awarded but lacking power purchase agreements, threatens India's ambitious renewable energy goals. The industry group urges government intervention to address these bottlenecks and protect developers from financial penalties.
The Cabinet Committee has approved higher investment limits for NTPC and NLC India. This aims to boost non-fossil fuel capacity. NTPC can invest up to Rs 20,000 crore in NTPC Green Energy Limited. NLC India can infuse Rs 7,500 crore into NLC India Renewables Limited. The Union Cabinet also approved the Prime Minister Dhan-Dhaanya Krishi Yojana.
India's EV sector is experiencing rapid growth, supported by government incentives and advancements in battery technology. Efforts to expand charging infrastructure and reduce import duties are crucial factors driving the adoption and demand for electric vehicles, setting a promising path towards significant market penetration by 2030.
The future of India's urban growth hinges on sustainable real estate, which drives economic growth, energy efficiency, and enhanced living standards. Falling solar power costs and innovative designs offer profitability and environmental benefits, while both new constructions and smart retrofits provide significant opportunities for developers, investors, and homebuyers alike.
JSW Energy's subsidiary, JSW Renew Energy Forty Five, has secured a 25-year power purchase agreement with BESCOM for a 100 MW solar project coupled with a 100 MWh Battery Energy Storage System (BESS) at a tariff of Rs 4.31 per kWh. This agreement increases JSW Energy's total locked-in energy storage capacity to 29.
