Solex Energy Subsidiary Approves INR 150 Crore Convertible Debenture Issue
Solex Energy Limited’s subsidiary, Solex New Energy Private Limited, has approved a ₹150 crore fundraising plan through compulsorily convertible debentures (CCDs). This initiative aims to enhance financial resources and support future growth. Investors may convert their investments into equity shares, pending necessary approvals and compliance with regulations. The post Solex Energy Subsidiary Approves INR 150 […]
Haryana Government’s Pushback Puts Parallel Power Distribution in Spotlight
The Haryana government’s opposition to the state electricity regulator’s recent decision to grant a parallel distribution licence to a private entity has stoked the debate over private participation in power distribution once again. Earlier this week, the Haryana Electricity Regulatory Commission (HERC) granted a 25-year license to Eleven Power to operate alongside the incumbent Dakshin […]
IREDA’s Q2 Revenue Rises 14% on Sustained Renewable Energy Financing
Government-owned lender Indian Renewable Energy Development Agency (IREDA) reported revenue from operations of ₹23.45 billion (~$247.33million) in the second quarter (Q2) of the financial year (FY) 2027, up 14% year-over-year (YoY) from ₹20.57 billion (~$216.95 million).IREDA Chairman and Managing Director Bijay Kumar Mohanty attributed the performance to sustained demand for renewable energy financing and the […]
Indian Renewable Energy Stocks Decline as Sensex Falls 0.75% and Nifty Slips 0.94% (21 October 2026)
On October 21, 2026, the Indian stock market experienced a decline, with major indices like the S&P BSE Sensex and Nifty 50 falling by 0.75% and 0.94%, respectively. Renewable energy stocks were significantly impacted, with Websol Energy and others seeing considerable losses. Investors remained cautious amid widespread selling across multiple sectors. The post Indian Renewable […]
FNB, WesBank, and RMB Launch Platform to Expand Business Solar Adoption in South Africa
FNB, WesBank, and RMB have launched nav.energy, a digital platform aimed at helping South African businesses adopt renewable energy solutions. It offers simplified financing and installation services to address rising electricity costs. Options include purchasing solar installations, rent-to-own models, and managed energy services. Future enhancements will improve user experience and expand service to households. The […]
Rajasthan Regulator Orders Settlement of Solar Developer’s DSM Dues
The Rajasthan Electricity Regulatory Commission (RERC) has directed the Rajasthan State Load Despatch Centre (SLDC) to reconcile and facilitate payment of outstanding deviation settlement mechanism (DSM) dues claimed by a solar developer, amounting to approximately ₹19.5 million (~$206,119).
Transrail Lighting to Acquire 49% Stake in 990 MW Solar Portfolio
Listen to this article Power transmission-focused engineering, procurement, and construction (EPC) company Transrail Lighting is acquiring a 49% equity stake in NOPL Pace Green Energy,
Telangana Regulator Rules Grid Support Charges Must Be Capacity-Based
The Telangana Electricity Regulatory Commission (TGERC) has clarified that grid support charges (GSC) for co-located captive power projects (CPPs) must be calculated on the installed capacity after deducting the capacity supplied to third parties through open access and capacity committed under power purchase agreements (PPAs) with distribution licensees. The Commission ruled that the chargeable capacity […]
Waaree Renewable Technologies’ Q2 Revenue Up 36% but Profit Drops
Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of the Waaree Group, reported consolidated revenue from operations of ₹10.58 billion (~$111.59 million) for the second quarter (Q2) of the financial year (FY) 2027, a 36.53% year-over-year (YoY) increase from ₹7.75 billion (~$81.74 million).
Daily News Wrap-Up: US Solar Duties Threaten India’s Solar Exports
The U.S. Department of Commerce’s imposition of antidumping and countervailing duties on Indian solar cells could significantly affect India’s solar exports. The measures could redirect shipments to the domestic market, intensify price competition, and force manufacturers to reassess their expansion plans.