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Sunsure Energy secures Rs 262 cr project financing from FMO, Axis Bank
Sunsure Energy has secured a significant Rs 262 crore financing for its 75 MWp open-access solar project in Tamil Nadu. Dutch development bank FMO is leading the funding, with Axis Bank contributing approximately Rs 71 crore. This marks FMO's debut in India's Group Captive C&I renewable energy sector, aiming to power commercial and industrial clients with clean energy.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
CleanMax bets on big tech, data centres to power next phase of growth
Clean Max Enviro Energy Solutions, India's largest commercial and industrial renewable energy provider, is positioning itself for strong growth as demand from big tech and data centres accelerates. With 3.1 GW of installed capacity and a 5.7 GW contracted portfolio, the company counts Meta, Google, Apple, Amazon and Equinix among its customers. CleanMax plans to add at least 1.5 GW in FY27 and 3 GW over three years, while aiming to double EBITDA. Analysts say its client-focused model and market leadership are difficult to replicate.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
India’s non-fossil power capacity to hit 786 GW by FY36, exceed 2030 target: Govt
India plans to significantly boost its non-fossil fuel power capacity to 786 GW by FY36, accelerating its clean energy transition beyond the 2030 target. This expansion aims to meet rising energy demand, driven by urbanization and industrial growth, while fossil fuel capacity will be capped at 335 GW.