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Adani Green Energy commissions 50 MW solar plant in Gujarat’s Khavda
Adani Green Energy has commissioned a 50 MW solar power project at Khavda in Gujarat, taking its total operational renewable energy capacity to 19,835.8 MW.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
Q4 results today: Asian Paints, IndiGo, IREDA, Glenmark Pharma - 131 companies to announce earnings on 29 May
A total of 131 companies are slated to announce Q4 results on May 29, including Asian Paints and IndiGo. Analysts predict weak performance for Asian Paints due to urban demand issues, while NMDC's results may reveal vital industry insights on iron ore prices and demand trends.
Reliance operationalises clean energy giga complex; elevates national exchequer contribution to Rs 2,16,472 crore in FY26
Reliance Industries has launched its clean energy operations. The company commissioned solar module manufacturing and began advanced work on a battery storage giga-factory. Reliance also significantly increased its contributions to the national exchequer. Jio Platforms accelerated its research and development, filing numerous new patents. The company is focused on enabling India's energy and digital future.
US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve the conflict.
CleanMax raises nearly $575 million to expand solar and wind energy projects in India
The funding will help CleanMax build around 1 GW of renewable energy projects across Rajasthan and Karnataka to supply power to large companies.
CLEANMAX raises USD 575 million to support renewable projects
Clean Max Enviro Energy Solutions has successfully raised ~$575 million to expand its solar and wind projects in India.
Adani Green commissions 3.37 GWh battery storage system at Khavda, scales up key renewable energy hub
Adani Green Energy has commissioned a large battery storage system in Khavda, Gujarat. This facility is part of India's clean energy push. The system can power many homes or meet peak demand for cities. Adani Green Energy plans further expansion of its storage capacity in the coming years. The Khavda site is key to their renewable energy growth.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Solar surge hits coal wall, 300 GWh of clean power wasted in Q1 of 2026
Coal-fired power plants in India are reportedly blocking the evacuation of solar power into the grid, leading to significant renewable energy curtailment.
Discoms told to commission rooftop solar units by May 31
Electricity distribution companies must finish rooftop solar project inspections by May 31. This ensures projects already installed remain exempt from a new domestic solar cell rule starting June 1. Delays in certification could make projects non-compliant. The Ministry of New and Renewable Energy issued this advisory to avoid issues for project owners. This move supports domestic solar module manufacturing.
Government rules out blanket ALMM List-II extension beyond June 1; case-by-case relief for solar projects
The Ministry of New and Renewable Energy will not extend the ALMM List-II deadline past June 1, 2026. Projects commissioned after this date must comply. Relief is available for projects with existing investments and completed installations. Developers can submit claims for extensions by June 30, 2026.