Home » Daily Newsletter » ALMM May Update- Goldi, Premier, RenewSys Dominate New Additions Of 8653 MW
India's electricity demand is expected to grow at a compound annual growth rate (CAGR) of 6.0–6.5% over the next five years, supported by rising consumption from electric vehicles (EVs), data centres and green hydrogen projects, ratings agency ICRA said. For FY2026, ICRA projects demand growth...
ACME Solar Holdings Ltd has commissioned the first phase of its maiden wind power project at Shapar, in Gujarat, adding 26.4 MW to its operational capacity as part of the planned 50 MW ACME Pokhran wind project. With the latest addition, ACME’s total operational capacity...
In an interesting judgement where the principle of no prejudice to anyone else was considered in the case of an error made, the Appellate Tribunal for Electricity provided relief to Sukhbir Agro Energy Limited (Now SAEL Limited) versus the UPERC. SAEL headed to APTEL after...
Mufin Green Finance, a non-banking financial company (NBFC) specializing in financing renewable energy and electric vehicle (EV) projects, has reported strong growth in revenue and profitability for the financial year ended March 31, 2025 (FY25), driven by a surge in clean mobility and energy lending....
French energy company ENGIE has achieved financial closure for its upcoming 200 MW solar project in Khavda, Gujarat, in partnership with MUFG Bank Ltd. and Crédit Agricole CIB. The project is being developed through ENGIE’s subsidiary, Enren-II Energy Private Limited. It is expected to generate...
India's electric mobility journey revealed a nuanced landscape where policy effectiveness varies across vehicle segments and market maturity stages, according to an IEEFA report. Its report, “From Incentives to Adoption: A Decadal Review of India’s EV Subsidy Effectiveness” found the electric three-wheeler (E3WC) segment growth...
Electric bus manufacturer Olectra GreenTech Ltd. has reported a strong financial performance for the fiscal year ending March 2025, marked by significant year-on-year (YoY) growth across key financial metrics. According to the company’s latest financial disclosures submitted before the exchanges, its revenue from operations rose...
Texas-based OCI Energy LLC (OCI Energy) and CPS Energy, along with LG Energy Solutions' U.S. energy storage division, LG Energy Solution Vertech, signed a Memorandum of Understanding (MOU), to collaborate on their Alamo City Battery Energy Storage System (Alamo City BESS) project. The joint effort,...
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