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India needs $10-15 billion worth land parcels in five years to set up solar, wind energy projects: Colliers
India needs substantial land for renewable energy expansion. By 2030, approximately 7 lakh acres will be required for solar and wind projects. This land acquisition is estimated to cost between USD 10 to 15 billion. The country is set to significantly increase its renewable energy capacity, driving investment and development across various sectors.
INOXGFL leads race for Vena's India biz buyout; Proposed deal may give Rs 4,500-5,000 crore enterprise value
INOXGFL Group is poised to acquire Vena Energy's Indian renewable energy business. The deal is valued between ₹4,500-5,000 crore. This move signifies INOXGFL's aggressive expansion in India's clean energy sector. The conglomerate has recently made several strategic acquisitions, bolstering its renewable energy portfolio. This acquisition further strengthens its position in the rapidly growing market.
Inox Clean Energy powers into top three with Rs 25k-cr buys, says company official
"We have made nine acquisitions in the past nine months. These investments are worth Rs 25,000 crore," said Devansh Jain, executive director of INOXGFL, an umbrella entity that houses varied businesses across industrial chemicals, renewable energy generation, solar and wind equipment manufacturing and operations and maintenance of wind farms.
MoF approves scheme for floating solar battery storage
India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.
JSW Energy commissions 250 MW renewable energy capacity
JSW Energy has successfully commissioned ~250 MW of renewable energy capacity (130 MW of Wind, 69.4 MW of Solar and 50 MW of Tidong Hydro Plant) since April'26. With this, the total installed capacity stands at 13.7 GW.
India holds inter-ministerial meeting to speed up battery storage and grid upgrades
During a crucial summit, leaders examined effective pathways to accelerate the deployment of battery storage technologies. The dialogue included vital topics such as enhancing transmission capacities and the potential of variable time-of-day pricing. These approaches are strategically aimed at amplifying the adoption of renewable energy and reinforcing the stability of the power grid.
Clean Max Enviro Energy shares surge 7% after strong Q4 earnings; up 70% in under 2 months
Clean Max Enviro Energy Solutions shares rose 7% to ₹1,309 after strong March quarter results, with 25% revenue growth. Net profit surged 165% to ₹45.4 crore, driven by renewable energy sales, especially from the data and AI segment, which now contributes 42% to its portfolio.
Tata Power shares crash 7% after Q4. What are Goldman Sachs and Motilal Oswal saying?
Tata Power shares dropped after its Q4 FY26 profit declined. Revenue also saw a year-on-year decrease. However, the company's renewable energy segment and solar manufacturing business showed significant growth. Brokerage firms provided varied outlooks, with some recommending 'Buy' and others 'Sell', citing different growth drivers and risks.
Govt mulls incentives to boost floating solar panel installation
India plans incentives for floating solar panels to spread renewable energy across the country. This aims to avoid concentration in a few states. The nation envisions significant renewable energy capacity and battery storage by 2050. Efforts are underway to boost domestic manufacturing of solar components. Addressing renewable energy curtailment and strengthening grid infrastructure are top priorities.
Evening peak power demand exposes gaps in India’s energy transition: Citi
India's power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power will remain important.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Tata Comm acquires stake in Clean Max SPV
For captive consumption of renewable energy