Vestas Secures 101 MW Wind Turbine Orders Across Three Projects in Germany

The company received the Business Excellence distinction at the Philippines Clean Energy Leadership Awards 2026 for its integrated approach to C&I solar development.

Buskowitz Energy Inc. has been named Solar Company of the Year: Developer (Commercial & Industrial) at the Philippines Clean Energy Leadership Awards 2026, held during Philippines Clean Energy Week 2026 at Sheraton Manila Bay.

Presented under The Leadership Awards 2026 – Business Excellence, the recognition celebrates Buskowitz Energy’s leadership in advancing commercial and industrial solar development across the Philippines.

The company was recognised for its integrated business model, which brings together project development, financing, engineering, procurement and construction, operations, and long-term asset management. Supported by an extensive portfolio of commercial and industrial solar installations, this approach enables Buskowitz Energy to manage projects across their complete lifecycle—from initial development and technical execution to ongoing performance and asset optimisation.

The award highlights the growing importance of integrated clean-energy developers in supporting businesses seeking reliable, scalable and commercially viable pathways to renewable-energy adoption. By combining financial, technical and operational capabilities within a single platform, developers can help commercial and industrial organisations navigate complex project requirements while supporting their energy-cost, sustainability and decarbonisation objectives.

The Philippines Clean Energy Leadership Awards 2026 formed a key part of Philippines Clean Energy Week 2026, which brought together policymakers, renewable-energy developers, investors, financiers, EPC companies, technology providers, corporate energy users and sustainability leaders.

The programme featured an opening address, keynote sessions, three strategic panel discussions, two exclusive leadership roundtables, an industry exhibition and high-level networking. Discussions addressed utility-scale renewable energy, battery storage, grid transformation, distributed solar, corporate energy procurement, industrial decarbonisation, project delivery and green finance.

The recognition of Buskowitz Energy reflects the contribution of commercial and industrial solar developers to expanding distributed renewable-energy deployment across the country. It also acknowledges the company’s ability to transform opportunities at diverse business facilities into operating solar assets supported by structured financing, disciplined execution and long-term management.Receiving the Solar Company of the Year: Developer (Commercial & Industrial) award represents an important milestone for Buskowitz Energy and reinforces its position within the Philippines’ evolving clean-energy ecosystem.

ARENA Launches $250 Million Solar Sunshot Round 3 To Boost Solar Manufacturing In Australia

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15th October 2026

The Australian Renewable Energy Agency (ARENA) has launched Round 3 of its Solar Sunshot program, offering funding of up to $250 million to support the manufacturing and commercial-scale deployment of technologies that can reduce the cost and construction time of large-scale solar projects in Australia. The program is open to Australian and international companies seeking to establish, expand or demonstrate manufacturing and product development capabilities in the country.

The latest funding round aims to strengthen Australia’s domestic solar manufacturing industry by supporting technologies, equipment and manufacturing processes that can improve the speed and cost efficiency of utility-scale solar farm construction. The initiative is also intended to develop local supply chains, expand industrial capabilities and encourage knowledge sharing across the solar sector.

ARENA CEO Darren Miller said Australia has established itself as a global leader in solar deployment, but reducing the cost and complexity of constructing projects at a much larger scale remains a key challenge. He highlighted the opportunity to develop manufacturing and technology capabilities that can support the country’s continued expansion of large-scale solar power.

Miller said the agency is seeking applications from ambitious Australian and international companies with commercially mature technologies that can be manufactured at scale in Australia. He added that Round 3 is designed to support projects that deliver benefits beyond individual investments by building long-term industrial capabilities, strengthening local supply chains and sharing skills and knowledge across the industry.

The funding will help eligible companies establish or expand their Australian operations and demonstrate their technologies under real-world conditions. ARENA expects these investments to contribute to its ambition of achieving ultra-low-cost solar power in Australia.

Round 3 builds on previous investments under the Solar Sunshot program, which have supported Australian solar module manufacturing and innovations in solar deployment. Earlier funding rounds backed projects led by Tindo, 5B and Sunman. More recently, the program announced funding for Luminous Robotics and Built Robotics Australia, reflecting its focus on developing technologies that can improve solar manufacturing and project delivery.

The third round specifically targets the commercial-scale manufacture of solar balance-of-plant equipment and deployment technologies. Potential areas of support include solar racking and tracking systems, robotics, advanced automation, prefabrication and other solutions that can reduce the costs associated with constructing and operating large-scale solar farms.

Expressions of interest for Round 3 will open on 2 November 2026. ARENA has encouraged interested applicants to engage with the agency early to discuss their proposals, particularly projects demonstrating a credible pathway to commercial-scale manufacturing and measurable benefits for Australian industrial capabilities.

The initiative is expected to attract technology developers and manufacturers seeking to expand their presence in Australia while contributing to more affordable and efficient solar deployment.

CleanChoice Energy Secures Up to $85 Million Financing from Aiga Capital Partners to Expand Solar Power Generation in the U.S.

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15th October 2026

CleanChoice Energy has secured an up to $85 million term loan facility from Aiga Capital Partners to support the expansion of its solar power generation portfolio across the United States. The financing will help advance the construction of new solar projects as the company strengthens its renewable energy development platform to address growing electricity demand.

Aiga Capital Partners is an institutional investment platform specialising in innovative financing solutions for companies developing sustainable infrastructure assets across North America. The financing agreement is expected to provide CleanChoice with additional capital to accelerate solar project development and expand its presence in the renewable electricity generation market.

The transaction represents another step in CleanChoice Energy’s transition from a retail clean electricity provider into a vertically integrated renewable energy company combining electricity supply with the development and ownership of solar generation assets.

Tom Matzzie, Chief Executive Officer of CleanChoice Energy, said the financing would support the company’s continued expansion into electricity generation while building on its established retail energy business. He highlighted the company’s strategy of connecting regional renewable energy production with consumer demand, describing it as a farm-to-table approach to clean electricity.

The latest financing follows CleanChoice Energy’s successful $166 million project financing raise for its second and third solar projects. Together, these financing arrangements are expected to support the company’s growing solar development pipeline and strengthen its ability to bring additional renewable energy capacity onto the electricity grid.

According to the company, the new term loan facility will provide financial flexibility across its development platform while allowing individual solar projects to secure separate project-level financing as they advance toward construction and operation.

Zoë Gamble, President of CleanChoice Energy, said the financing structure was developed in close collaboration with Aiga Capital Partners to address the company’s development requirements and the financial considerations associated with bringing renewable energy projects into construction.

The investment also reflects growing institutional interest in renewable energy developers that combine established electricity supply businesses with expanding portfolios of generation assets.

Rory Meyers, Managing Partner of Aiga Capital Partners, highlighted CleanChoice Energy’s established retail electricity platform and expanding solar project pipeline as key strengths supporting its growth strategy. He noted that the company’s vertically integrated business model provides opportunities to scale renewable energy generation while meeting increasing electricity demand.

As part of the transaction, JLL Securities served as financial advisor to CleanChoice Energy, while Sidley Austin LLP provided legal counsel to the company. Norton Rose Fulbright LLP acted as legal counsel to Aiga Capital Partners.

The financing is expected to strengthen CleanChoice Energy’s ability to develop and construct solar projects across the United States, supporting the expansion of domestic renewable electricity generation and contributing to the country’s broader energy transition.

With electricity demand continuing to increase, the investment highlights the role of institutional financing in accelerating solar infrastructure development and enabling renewable energy companies to expand their generation portfolios.

Rajasthan Awards 2,450 MW Pugal Solar Park Project With 1,600 MW/6,400 MWh BESS at INR 3.42–3.54/kWh

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15th October 2026

Rajasthan Solar Park Development Company Limited (RSDCL), a subsidiary of Rajasthan Renewable Energy Corporation Limited (RRECL), has concluded the reverse auction for a 2,450 MW solar photovoltaic project integrated with 1,600 MW/6,400 MWh of battery energy storage systems (BESS) at Pugal Solar Park in Rajasthan. The auction was conducted through an electronic reverse auction (e-RA), with tariffs ranging from ₹3.42 per kWh to ₹3.54 per kWh across the two project lots.

The tender was divided into two lots to support the development of large-scale solar generation capacity alongside four-hour battery storage systems. Lot 1 comprises 2,000 MW of solar capacity with 1,320 MW/5,280 MWh of BESS, while Lot 2 covers 450 MW of solar capacity with 280 MW/1,120 MWh of BESS. Together, the projects will provide 2,450 MW of solar capacity and 1,600 MW/6,400 MWh of storage capacity.

Table displaying auction results for RSDCL 450 MW with 280 MW/1120 MWh, showing bidder names, capacities in MW, and tariffs in ₹/kWh.

In Lot 2, Coal India Limited emerged as the lowest bidder, securing 225 MW of solar capacity with 140 MW/560 MWh of BESS at a tariff of ₹3.42 per kWh. Leo Energies 6, associated with Actis, secured the remaining 225 MW of solar capacity, along with 140 MW/560 MWh of BESS, at ₹3.43 per kWh. The combined allocation for this lot totals 450 MW of solar generation capacity and 280 MW/1,120 MWh of battery storage.

Table showing auction results for RSDCL 2 GW indicating bidder names, capacity in MW, and tariff in ₹/kWh.

For Lot 1, NLC India Renewables Limited and Rama Reflection India Private Limited jointly secured the lowest tariff of ₹3.53 per kWh. NLC India Renewables received 1,000 MW of solar capacity with 660 MW/2,640 MWh of BESS, while Rama Reflection India secured 250 MW with 165 MW/660 MWh of storage. Coal India Limited was allocated the remaining 750 MW of solar capacity (under bucket filling method), accompanied by 495 MW/1,980 MWh of BESS, at a tariff of ₹3.54 per kWh.

Under the tender structure, Lot 1 consists of eight plots of 250 MW each, while Lot 2 comprises two plots of 225 MW each. Plot allocation priority is determined by the final bidder rankings, beginning with the lowest-tariff bidders. The bidding framework also specifies a maximum combined allocation of 1,225 MW across both lots for eligible bidders, subject to the tender conditions.

The projects will operate under a maximum capacity utilization factor (CUF) of 28%. Electricity generated beyond this limit may be purchased by Rajasthan Urja Vikas and IT Services Limited (RUVITL) at 50% of the winning tariff, up to the contracted capacity.

The auction marks a significant step in Rajasthan’s efforts to combine large-scale solar generation with battery storage. The integration of BESS is intended to improve the dispatchability of renewable electricity and support power supply during periods when solar generation is unavailable.

Solar and Wind Could Meet Vietnam’s Rising Power Demand Faster and at Lower Cost Than LNG, IEEFA Report Finds

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15th October 2026

Vietnam could meet its rapidly growing electricity demand more economically and efficiently by prioritising domestic solar and wind energy over imported liquefied natural gas (LNG), according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis highlights rising LNG prices, increasing construction costs, and prolonged equipment delivery timelines as major challenges to the country’s planned expansion of gas-fired power generation.

Under Vietnam’s revised Power Development Plan VIII (PDP8), the government aims to develop 22.5 GW of LNG-fired power generation capacity by 2030. However, IEEFA estimates that operating the full planned capacity could require annual LNG imports valued between USD 15.5 billion and USD 23.6 billion, potentially increasing Vietnam’s energy import expenditure by approximately 66% to 106%.

The report warns that greater dependence on imported LNG could expose Vietnam’s electricity sector to international fuel price volatility and geopolitical supply disruptions. Global energy market instability following Russia’s invasion of Ukraine in 2022 and the Middle East conflict in 2026 has demonstrated the vulnerability of LNG-dependent economies to sudden price increases.

Paige Nguyen, Director, Asia, at IEEFA and co-author of the report, stated that while Vietnam cannot control global energy prices or geopolitical disruptions, it can reduce its exposure by prioritising domestic renewable energy resources. She emphasised that expanding solar and wind generation could improve energy security while limiting long-term electricity costs.

Rising LNG Prices and Construction Costs Challenge Gas-Fired Power Economics

According to IEEFA, the Japan-Korea Marker (JKM) spot LNG price averaged USD 18.74 per million British thermal units (MMBtu) through August 2026 following the outbreak of the Middle East conflict, compared with slightly below USD 12/MMBtu between January 2024 and the beginning of the conflict.

For a 1,500 MW LNG-fired power plant, comparable in capacity to PetroVietnam Power’s Nhon Trach 3 and 4 complex, the increase in LNG prices could raise annual fuel expenditure by approximately 50%, from USD 716 million to USD 1.07 billion.

Higher equipment and construction costs are adding further financial pressure. IEEFA reports that capital costs for utility-scale combined-cycle gas turbine (CCGT) power plants have increased from approximately USD 700–1,000 per kilowatt in the early 2020s to USD 2,100–2,500 per kilowatt.

As a result, the estimated cost of LNG-fired electricity generation in Vietnam currently ranges between VND 3,780 and VND 4,860 per kilowatt-hour (kWh), equivalent to approximately USD 140–180 per megawatt-hour (MWh).

These generation costs are approximately 14% to 46% higher than Vietnam’s LNG electricity ceiling tariff of VND 3,327/kWh. The ceiling tariff itself exceeds the country’s average retail electricity price of VND 2,204/kWh.

Grant Hauber, Strategic Energy Finance Advisor, Asia, at IEEFA, warned that rising fuel and generation costs could place additional financial pressure on state-owned utility Vietnam Electricity (EVN), which had accumulated losses of approximately USD 1.7 billion by the end of 2024.

The changing economic environment is already influencing investment decisions. In March 2026, Vietnamese conglomerate Vingroup proposed replacing its planned 4.8 GW LNG power project in Hai Phong with a combination of solar, wind, and battery energy storage systems, citing rising LNG prices.

Solar and Wind Offer Lower-Cost Alternatives

IEEFA’s analysis indicates that domestic renewable energy projects could deliver electricity at substantially lower costs than LNG-fired generation.

The estimated levelised cost of electricity (LCOE) for utility-scale solar projects in Vietnam ranges between VND 1,328 and VND 1,625/kWh, approximately 51% to 60% below the LNG electricity ceiling tariff.

Onshore wind projects offer an even lower estimated generation cost of VND 1,026–1,412/kWh, representing a 58% to 69% reduction compared with the LNG tariff ceiling.

Unlike gas-fired power plants, solar and wind installations do not require ongoing fuel purchases, reducing exposure to international commodity price fluctuations and providing greater long-term electricity cost predictability.

The report also highlights the shorter development timelines associated with renewable energy projects. Utility-scale solar installations can begin operations in as little as six months, while wind projects may start generating electricity approximately one year after construction begins.

In comparison, global shortages of gas turbines and transformers have extended equipment delivery periods for LNG-fired projects to approximately 48–60 months. Additional construction timelines of 30–36 months could delay the commissioning of proposed LNG power plants into the 2030s.

Vietnam’s Renewable Energy Growth Provides Strong Foundation

Vietnam has already demonstrated significant renewable energy development capabilities. Between 2018 and 2023, the country’s installed solar and wind capacity expanded from negligible levels to more than 21 GW, supported by 20-year feed-in tariff mechanisms.

IEEFA noted that this rapid expansion provides a strong foundation for the next phase of Vietnam’s electricity sector development.

The report emphasises that domestic renewable energy resources could help the country address rising electricity demand while reducing dependence on imported fuels and improving the affordability of electricity generation.

However, achieving further renewable energy growth will require consistent policy support, expanded grid infrastructure, and improved investment conditions.

Energy Storage and Grid Modernisation Identified as Key Priorities

To strengthen Vietnam’s power sector and reduce exposure to LNG price volatility, IEEFA recommends redirecting a greater proportion of near-term electricity investments toward domestic solar and wind projects.

The report also calls for a reassessment of the country’s 22.5 GW LNG development target, taking into account changing fuel prices, construction costs, equipment availability, and long-term electricity requirements.

A major recommendation involves accelerating investment in battery energy storage systems (BESS), transmission infrastructure, and grid flexibility technologies to support higher levels of renewable energy integration.

According to the analysis, expanding energy storage and modernising electricity networks would help reduce grid congestion, minimise renewable energy curtailment, and improve power system reliability as variable solar and wind generation capacity increases.

IEEFA further recommends establishing stable and bankable investment frameworks through transparent procurement mechanisms, revised feed-in tariffs, competitive renewable energy auctions, and expanded Direct Power Purchase Agreement (DPPA) arrangements.

These measures could encourage greater private-sector participation and accelerate the development of renewable energy infrastructure.

The report concludes that Vietnam has an opportunity to strengthen its long-term energy security and reduce electricity generation costs by prioritising domestic renewable energy development, supported by grid upgrades and energy storage investments.

With solar and wind technologies offering lower generation costs and shorter deployment timelines than LNG-fired power plants, IEEFA’s findings suggest that a greater focus on renewable energy could help Vietnam meet its growing electricity requirements while reducing financial risks associated with imported fossil fuels.

Global Energy Storage Targets Reach 822 GW by 2030 but Remain 45% Below COP29 Pledge, Ember Reports

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15th October 2026

Global energy storage targets for 2030 have nearly tripled since the adoption of the COP29 Global Energy Storage and Grids Pledge, reaching 822 GW. However, the combined national commitments remain approximately 45% below the 1,500 GW target established under the international agreement, according to a new analysis by energy think tank Ember.

The report highlights a significant increase in global energy storage ambitions, with the combined 2030 targets of 99 countries and the European Union rising by 190%, or approximately 2.9 times, compared with levels assessed during COP29. Despite this progress, national commitments remain below both the global pledge and BloombergNEF’s market forecast, which projects approximately 1,200 GW of battery storage deployment alone by 2030.

According to Ember, the increase in storage targets has been driven predominantly by China and the European Union, while most other countries have maintained their existing commitments or have yet to establish dedicated energy storage targets.

China has emerged as the largest contributor to the increase in global storage ambitions. Under its 15th Five-Year Plan, the country raised its 2030 energy storage target by 330 GW, from 130 GW to 460 GW. The revised target covers new-type energy storage technologies, primarily batteries, alongside pumped hydro storage.

Meanwhile, the European Union established its first bloc-wide energy storage target in June 2026, setting a goal of 200 GW by 2030. Together, China and the EU now account for more than 80% of the combined national storage targets worldwide.

Dr Katye Altieri, Global Program Consultant at Ember, noted that the increase in global storage ambition has been concentrated in these two major economies. She emphasised that several leading solar markets have yet to establish storage targets, potentially limiting investment certainty and long-term market development.

The analysis also indicates that actual energy storage deployment is advancing considerably faster than national policy commitments. Annual battery storage additions have increased by nearly 80% per year since 2020, significantly exceeding the growth rate required to achieve the COP29 pledge.

Global energy storage installations reached a record 118 GW in 2025. Ember estimates that maintaining this annual deployment rate through 2030 would be sufficient to meet the current combined national targets, highlighting the gap between market activity and government policy ambitions.

The report further identifies a strong relationship between solar power expansion and energy storage commitments. Countries with ambitious solar capacity targets generally demonstrate stronger energy storage ambitions, although several major solar markets remain exceptions.

Among the world’s 20 largest solar markets, eight countries have not established specific energy storage targets for 2030. These include the United States, Germany, and Saudi Arabia, despite their ongoing investments in large-scale battery storage infrastructure.

The United States has already installed approximately 52 GW of utility-scale battery storage capacity, while Saudi Arabia has recently connected what Ember describes as the world’s largest single battery storage project. However, other markets, including Poland, Austria, Switzerland, and Brazil, continue to lag in both storage target-setting and deployment.

Ember emphasised that rapid market growth does not eliminate the importance of national storage targets. While battery storage projects are progressing in several major economies, deployment remains concentrated in a limited number of markets. Clear national targets can help address regulatory barriers, improve investment confidence, support grid planning, and strengthen coordination between renewable energy development and energy storage infrastructure.

The analysis also connects the importance of storage expansion with upcoming international electrification commitments. Ahead of COP31, Türkiye’s presidency is promoting the proposed 35-by-35 Global Electrification Pledge, which aims to increase electricity’s share of final energy demand from approximately 20% to 35% by 2035.

According to Ember, achieving these electrification objectives will require substantial investment in renewable electricity generation, modernised transmission and distribution networks, and sufficient energy storage capacity to manage rising electricity demand.

The findings underscore the growing importance of battery energy storage systems and other flexibility technologies in supporting global renewable energy integration, improving electricity grid reliability, and accelerating the transition toward low-carbon energy systems.

While energy storage deployment continues to accelerate worldwide, Ember’s assessment indicates that stronger and more geographically diversified national commitments will be necessary to align government policies with the COP29 target of 1,500 GW by 2030.

Vestas Secures 92 MW Wind Turbine Orders in Germany in Partnership with BBWind

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15th October 2026

Vestas has announced new wind turbine orders totalling approximately 92 MW across three onshore wind projects in Germany, in collaboration with BBWind Projektberatungsgesellschaft mbH. The orders, included in the company’s third-quarter (Q3) order intake, cover the supply of 13 wind turbines and include 20-year Active Output Management (AOM) 5000 service agreements.

The projects, located in Borken and Raesfeld, will feature Vestas’ V172-7.2 MW and V162-5.6 MW turbine models, supporting the continued expansion of Germany’s onshore wind energy capacity.

The first order covers the 42 MW Borken Kierit wind project, developed by Windenergie Kierit GmbH & Co. KG in association with BBWind Projektberatungsgesellschaft mbH. Vestas will supply five V172-7.2 MW turbines and one V162-5.6 MW turbine for the project. Deliveries are scheduled to begin in the fourth quarter of 2027, with commissioning expected to commence in the second quarter of 2028. The agreement includes a 20-year AOM 5000 service contract to support long-term turbine performance and operational reliability.

The second agreement involves the 29 MW Raesfeld Lanzenhagen wind project, developed by Windenergie Lanzenhagen GmbH & Co. KG in collaboration with BBWind. The project will feature four V172-7.2 MW wind turbines, with deliveries planned to begin in the first quarter of 2028 and commissioning scheduled to commence in the fourth quarter of 2028. The contract also includes a 20-year AOM 5000 service agreement.

The third order covers the 22 MW Borken Deepschlatt wind project, developed by Windenergie Deepschlatt GmbH & Co. KG alongside BBWind. Vestas will deliver three V172-7.2 MW wind turbines, with deliveries expected to begin in the first quarter of 2028 and commissioning scheduled to start in the third quarter of 2028. The project will also benefit from a 20-year AOM 5000 service agreement.

Across the three projects, Vestas will supply 12 V172-7.2 MW turbines and one V162-5.6 MW turbine, representing a combined turbine capacity of approximately 92 MW. The long-term service agreements are designed to support operational efficiency, turbine availability, and reliable electricity generation throughout the projects’ operating lives.

The latest orders highlight continued investment in Germany’s onshore wind sector and reinforce Vestas’ collaboration with BBWind in developing renewable energy infrastructure.

The projects are expected to contribute to Germany’s renewable energy expansion by increasing wind power generation capacity, strengthening domestic clean electricity supply, and supporting the country’s broader energy transition and decarbonisation objectives.

Enphase Energy Highlights Commercial Solar Repowering Projects Across the U.S. Using IQ9 Microinverters

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15th October 2026

Enphase Energy, Inc. has highlighted commercial and industrial (C&I) solar repowering projects across the United States that are using its IQ9 Commercial Microinverters to restore energy generation from aging solar installations without replacing existing solar modules or mounting structures.

The initiative focuses on upgrading commercial solar systems affected by aging or failed string and central inverters. By replacing conventional inverter architectures with Enphase microinverters, system owners can improve operational reliability, restore electricity production, and extend the useful life of existing solar assets.

According to the company, many commercial solar installations developed over the past decade are experiencing reduced performance due to inverter failures rather than deterioration of solar panels. Enphase’s distributed microinverter architecture allows individual module-level performance monitoring and helps prevent faults in one module from disrupting electricity generation across the entire system.

The company’s commercial microinverter portfolio includes the IQ9N-3P and IQ9S-3P models, designed for 480 V three-phase electrical infrastructure, and the IQ8P-3P model for 208 V applications. The IQ Gateway Commercial Pro supports revenue-grade monitoring and remote management of up to 300 microinverters per site. Enphase also offers domestic-content versions of certain products and plans to introduce additional energy storage integration through its IQ Battery C80, currently available for pre-order.

One of the highlighted projects is located at Furman University in Greenville, South Carolina, where Detail Solar has completed the first phase of a planned repowering programme for the university’s 988 kW solar installation. The initial phase involved upgrading 30 kW of capacity affected by underperforming legacy string inverters.

Paul Zimmer, founder and owner of Detail Solar, said the project demonstrated the benefits of modernising existing solar installations through microinverter technology. He noted that the upgrade helped restore energy production while reducing the risk of future system downtime.

In another project, Endless Energy is repowering a 240 kW AC solar installation at Peirce Welding and Assembly in Bethel, Pennsylvania. The project involves deploying 561 Enphase IQ9N-3P Commercial Microinverters to replace equipment that had reached the end of its operational life.

Both installations use a two-to-one configuration, connecting two existing solar modules to each microinverter. This arrangement is designed to optimise microinverter capacity, reduce equipment requirements, and accommodate older solar panels that have experienced gradual performance degradation.

Enphase stated that its commercial microinverters provide flexibility in system design, allowing installers to match existing modules with new power electronics while remaining within applicable electrical specifications. The products are also supported by a 25-year warranty.

Ken Fong, Senior Vice President of Sales at Enphase Energy, emphasised that inverter failures are a major contributor to declining performance in older commercial solar systems. He said repowering offers asset owners an opportunity to retain functional modules and mounting infrastructure while improving system safety, monitoring capabilities, and long-term reliability.

The company also highlighted the availability of certain products designed to meet U.S. domestic-content and Foreign Entity of Concern (FEOC) requirements, subject to applicable regulatory and tax eligibility criteria.

The projects demonstrate the growing importance of solar repowering as a strategy to extend the operational life of existing C&I solar assets, reduce unnecessary equipment replacement, and improve the performance of installed renewable energy infrastructure across the United States.

POWERCHINA Signs Agreement for 2,400 MW Rabigh 2 IPP Expansion Project in Saudi Arabia

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15th October 2026

POWERCHINA has marked a significant milestone in Saudi Arabia’s power infrastructure development with the signing ceremony for the 2,400 MW Rabigh 2 Independent Power Plant (IPP) Expansion Project, held on October 1, 2026, in Riyadh. The project is expected to strengthen the Kingdom’s electricity generation capacity, enhance grid reliability, and support the objectives of Saudi Vision 2030.

Located in Rabigh, Saudi Arabia, the project will have a total installed capacity of 2,400 MW, making it one of the largest gas-fired combined-cycle power generation projects in the region. The development is designed to address increasing electricity demand driven by industrial expansion, economic development, and population growth.

The project scope includes comprehensive design, engineering, procurement, equipment erection, construction, commissioning, and performance testing of the power plant. The facility will incorporate high-efficiency power generation technologies capable of operating in both simple-cycle and combined-cycle modes, providing operational flexibility to meet varying electricity demand.

Speaking at the signing ceremony, Peng Gang, President of POWERCHINA MENA, highlighted the company’s extensive experience in power engineering and its established track record in Saudi Arabia. He reaffirmed POWERCHINA’s commitment to working closely with project partners to ensure safe, efficient, and timely execution while maintaining high standards of engineering and construction quality.

The Rabigh 2 IPP Expansion Project is expected to play an important role in strengthening Saudi Arabia’s national electricity grid by improving power supply stability and reliability. Its flexible generation capabilities will also support the integration of increasing renewable energy capacity into the national power system, helping address grid stability challenges associated with variable renewable energy generation.

As part of Saudi Arabia’s broader national transformation programme, the project aligns with efforts to modernise energy infrastructure, enhance energy security, and support long-term economic diversification under Vision 2030.

Upon completion, the 2,400 MW power plant is expected to contribute to meeting the Kingdom’s growing electricity requirements while reinforcing Saudi Arabia’s position as a major regional energy and investment hub.

Yude Solar And Sedayusolar Form Joint Venture To Expand Renewable Energy Projects In Indonesia

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14th October 2026

Yude Solar Technologies, a subsidiary of the GoodWe Group, and Indonesian solar engineering company PT Selaras Daya Utama (SEDAYUSolar) have announced a strategic joint venture in Jakarta to develop renewable energy projects across Indonesia. The partnership will focus on commercial and industrial (C&I) rooftop solar installations, ground-mounted solar systems, and large-scale utility renewable energy projects.

The joint venture aims to combine international investment, advanced technology, and project development capabilities with local engineering expertise to support Indonesia’s growing renewable energy sector. The companies plan to develop, finance, construct, and operate solar energy projects, creating an integrated platform that covers the entire project lifecycle.

Under the partnership, Yude Solar will contribute its global project development experience, financial resources, and technological capabilities. SEDAYUSolar will bring its understanding of the Indonesian market, local execution capabilities, and experience in delivering renewable energy installations.

Established in 2009, SEDAYUSolar has more than 17 years of experience in Indonesia’s renewable energy industry. The company has completed over 250 solar projects, covering commercial and industrial rooftop installations, off-grid systems, and hybrid energy solutions. Its local experience is expected to support project development, engineering, construction, and long-term operations under the new venture.

Yude Solar was founded in 2021 and has commissioned more than 3 GW of residential and commercial solar projects across China. The company is expanding its operations across Southeast Asia as it seeks to increase its presence in international renewable energy markets. The partnership with SEDAYUSolar is expected to support this expansion by providing access to local expertise and opportunities in Indonesia.

In addition to solar power generation, the joint venture plans to integrate battery energy storage systems (BESS) into projects where appropriate. The inclusion of storage technology is intended to improve renewable energy utilisation, support grid stability, and strengthen energy reliability. Combining solar installations with battery storage could also help customers manage energy consumption more effectively and improve the performance of renewable energy systems.

The partners intend to establish a scalable platform rather than concentrate only on individual installations. The platform will cover project planning, capital investment, engineering, procurement, construction, operation, and long-term asset management. This approach is expected to support the development of a broader portfolio of renewable energy assets across Indonesia.

Bryan Bao, Chief Executive Officer of Yude Solar, described the joint venture as an important milestone in the company’s international expansion. He highlighted the partnership’s role in strengthening its presence in the Southeast Asian market.

Fendi Liem, Founder and CEO of SEDAYUSolar, said the collaboration would combine local market knowledge with international technical capabilities to deliver sustainable energy solutions and long-term value for customers.

Milan Koev, General Manager of Southeast Asia at Yude Solar, also identified Indonesia as an important market within the company’s regional strategy. The venture reflects the partners’ intention to establish a strong portfolio of clean energy projects while supporting the wider adoption of solar power and energy storage across the country.

Vajrashima Showcases Engineering Capabilities at Maha Urja Expo Pune 2026

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Sangita Shetty

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14th October 2026

Vajrashima participated in Maha Urja Expo Pune 2026, held on 26–27 August 2026 at the Auto Cluster Development & Research Institute, MIDC, Chinchwad, Pimpri-Chinchwad, Maharashtra. The company showcased its engineering capabilities and technology-driven solutions at Booth No. 1, reinforcing its presence in India’s growing renewable energy and electrical infrastructure sectors.

The two-day exhibition brought together more than 100 exhibitors and over 5,000 key decision-makers, including industry leaders, technology providers, EPC companies, project developers, manufacturers, distributors, contractors and energy professionals. The event provided a platform for industry networking, knowledge exchange and discussions on emerging energy technologies and market opportunities.

At the exhibition, Vajrashima highlighted its solutions and capabilities, emphasising engineering excellence, product quality, innovation and customer-focused approaches. The company’s participation enabled direct engagement with customers, business partners and industry professionals, providing opportunities to understand evolving market requirements and explore potential collaborations.

Maha Urja Expo Pune 2026 covered various segments of the energy industry, including solar energy, energy storage, industrial energy, wind power, grid infrastructure, electrical equipment, EV charging infrastructure and smart energy solutions. The diverse industry participation allowed Vajrashima to connect with stakeholders across multiple sectors and identify opportunities for expanding its industry relationships.

Beyond showcasing its capabilities, Vajrashima used the event to strengthen existing partnerships, establish new business connections and gain insights into the changing requirements of India’s renewable energy and electrical infrastructure markets.

With Maharashtra continuing to advance its clean energy initiatives, industry exhibitions such as Maha Urja Expo provide opportunities for manufacturers, technology providers, developers and other stakeholders to exchange knowledge and explore business collaborations.

Vajrashima’s participation reflected its continued focus on engineering innovation, quality-driven solutions and industry engagement. The company aims to strengthen its market presence by delivering reliable and efficient solutions while supporting the development of India’s renewable energy and electrical infrastructure ecosystem.

Group of six individuals standing in front of the Vajrasimha exhibition booth, with a display featuring solar products and a certificate held by one of the members.

Ampotech And Buskowitz Energy Partner To Integrate Solar, Battery Storage And AI Energy Management In The Philippines

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14th October 2026

Ampotech and Buskowitz Energy have entered into a collaboration to provide integrated energy solutions for commercial and industrial customers in the Philippines, combining energy efficiency, rooftop solar power, battery energy storage systems (BESS), and artificial intelligence (AI)-powered energy management. The partnership aims to help businesses reduce energy costs, improve operational efficiency, and advance their sustainability goals through coordinated energy infrastructure and digital technologies.

Under the collaboration, Buskowitz Energy will contribute its expertise in renewable energy project development, engineering, procurement and construction (EPC), power purchase agreements (PPAs), battery storage, and operations and maintenance (O&M). Ampotech will provide energy efficiency solutions and its AmpoCloud AI-powered energy management platform to help customers monitor and optimize energy consumption across their facilities.

The companies plan to identify commercial and industrial facilities that could benefit from a combination of energy efficiency measures, rooftop solar photovoltaic (PV) systems, and battery storage. By integrating these technologies, the partnership aims to help businesses improve energy performance beyond renewable electricity generation alone.

Ampotech and Buskowitz are currently working together on 3.3 MWp of solar projects through Ampotech’s engagement with companies operating within the Philippine Economic Zone Authority (PEZA) economic zones. The projects are intended to support businesses seeking to manage rising electricity costs, increase renewable energy adoption, and improve operational efficiency.

Ampotech has been engaging with PEZA and its locator companies to demonstrate how digital energy solutions can support energy efficiency, environmental, social and governance (ESG) data management, and the integration of distributed energy resources, including solar PV and battery storage.

The companies are also discussing a separate proof of concept (POC) to deploy Ampotech’s distributed energy resource management application across Buskowitz Energy’s existing solar portfolio. The proposed initiative would examine how centralized digital monitoring and AI-driven analytics could improve visibility across distributed solar assets and support more efficient asset management.

William Temple, CEO and Co-Founder of Ampotech, said that maximizing the value of an energy system requires visibility and optimization across on-site generation, storage, and electricity demand. He added that the collaboration combines renewable energy deployment with energy efficiency and AI-driven management to help businesses reduce costs and improve sustainability.

James Buskowitz, CEO of Buskowitz Energy, said the company sees opportunities to use technology and data to strengthen the monitoring and management of its expanding solar portfolio. He noted that AI-powered analytics could complement existing capabilities and support more efficient operations.

The collaboration reflects a growing focus on integrated energy management among commercial and industrial facilities. By combining renewable generation, storage, efficiency measures, and digital intelligence, Ampotech and Buskowitz intend to develop solutions that improve energy performance and support the Philippines’ transition towards more sustainable energy systems.

Green Energy Stocks Rally Up to 6.52% Despite Weakness in Indian Benchmark Indices (14 October 2026)

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14th October 2026

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Indian trading floor displays green energy stocks rallying 6.52% — Traders monitor a major surge in Indian green energy stocks as the sector index rises 6.52%.

Indian stock markets closed lower on October 14, 2026, as benchmark indices recorded modest losses amid mixed movements across sectors. The S&P BSE Sensex declined 0.34% to settle at 72,781.89, while the NIFTY 50 fell 0.43% to close at 22,625.15. Despite the weakness in the broader market, several stocks in the green energy, power and clean technology sectors recorded gains during the trading session.

JSW Energy emerged as one of the leading gainers in the power sector. The stock surged 6.52% on the BSE to close at ₹490.00, while it advanced 6.17% on the NSE to settle at ₹488.90. Websol Energy and Kabra Extrusion also recorded strong performances, with both stocks gaining 5% on the exchanges.

Adani Green Energy shares advanced by more than 2% during the session. The stock traded around ₹1,316 on the BSE and ₹1,313 on the NSE, reflecting buying interest in the renewable energy segment. Tata Power also moved higher, gaining 2.17%, while Indian Energy Exchange (IEX) registered an increase of 1.55%.

Reliance Industries shares rose 0.79%, adding to the positive movement among selected energy-related stocks. The gains across these companies indicated continued investor activity in the power, renewable energy and clean technology segments, even as the benchmark indices remained under pressure.

However, several companies ended the session in negative territory. Exide Industries was among the notable laggards, declining 3.15% on the BSE to close at ₹383.00. On the NSE, the stock fell 2.92%, reflecting selling pressure in the battery and energy storage segment.

NTPC Green Energy Ltd. also recorded a decline. Its shares dropped 1.12% on the BSE to settle at ₹91.78, while the stock slipped 1.11% on the NSE. The movement came despite gains in other renewable energy stocks during the session.

Larsen & Toubro (L&T) shares declined by around 1%, while GAIL fell approximately 0.77%. Amara Raja Energy & Mobility and Inox Wind also traded near flat to negative levels, indicating mixed performance across industrial, battery and wind energy-related companies.

The session highlighted the selective nature of trading in India’s green energy and power stocks. While JSW Energy, Websol Energy, Kabra Extrusion and Adani Green Energy attracted buying interest, losses in Exide Industries and NTPC Green Energy reflected continued pressure on selected counters.

Investors continue to monitor broader market trends, company announcements and developments in the renewable energy sector. As India expands its clean energy capacity and storage infrastructure, stock movements remain influenced by company-specific factors, market valuations and overall investor sentiment.

Kruger National Park Secures Renewable Electricity Supply To Cut Carbon Emissions

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14th October 2026

South African National Parks (SANParks) has announced a renewable energy partnership with Ampli Energy, a product of Discovery Green in collaboration with Sasol, to supply clean electricity equivalent to more than 25% of Kruger National Park’s total annual electricity consumption. The initiative comes during the centenary year of the iconic conservation destination and marks a significant step towards reducing its carbon emissions while supporting long-term energy sustainability.

Kruger National Park is the largest electricity consumer within the SANParks network and accounts for approximately 70% of the organisation’s Scope 2 emissions. Electricity demand has continued to increase alongside tourism activity, with the park welcoming more than 1.8 million visitors in 2025. The growing demand for power has made energy efficiency and cleaner electricity sources important priorities for the organisation.

Under the partnership, SANParks will receive renewable electricity generated outside the protected conservation area through South Africa’s existing electricity network. The approach allows the park to access clean energy without having to invest in large-scale renewable power generation infrastructure within its boundaries. It also avoids the need to allocate additional land for energy projects in an area primarily managed for wildlife conservation and biodiversity protection.

The collaboration has already been operational over the past few months, with renewable electricity being matched against a significant share of the park’s power consumption. The arrangement demonstrates how organisations can use developments in South Africa’s electricity market to access renewable energy while continuing to operate within existing infrastructure arrangements.

SANParks CEO Hapiloe Sello said the partnership represents an important step towards modernising the organisation’s infrastructure and strengthening its long-term energy resilience. She highlighted the importance of reducing emissions while ensuring that conservation remains the organisation’s primary responsibility.

The initiative also reflects a broader effort to align the management of protected areas with sustainability objectives. By reducing dependence on conventional electricity sources, SANParks aims to lower the environmental impact associated with operating one of South Africa’s most prominent national parks.

Discovery Green CEO Andre Nepgen said the partnership combines data-led energy management with environmental and economic sustainability. The approach is intended to support Kruger National Park’s operational requirements while maintaining the quality of the visitor experience.

Dr Sarushen Pillay of Sasol also highlighted the role of industrial infrastructure in supporting the country’s energy transition. He noted that industrial assets, including the Secunda complex, can help provide the support needed to accelerate decarbonisation efforts across South Africa.

The partnership highlights how renewable energy procurement can support conservation organisations without requiring major construction within environmentally sensitive areas. As Kruger National Park enters its next century, the initiative provides an example of how tourism destinations and conservation authorities can incorporate cleaner energy into their operations while protecting natural ecosystems.

Through this collaboration, SANParks and its partners aim to demonstrate how existing electricity infrastructure and private-sector participation can contribute to emissions reduction and a more sustainable future for South Africa’s conservation sector.

Ivanhoe Mines Strengthens Kamoa-Kakula Mine With Hybrid Solar and Battery Storage Infrastructure

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14th October 2026

Solar panels and battery storage containers at a rural energy facility — A vast solar farm is paired with containerized battery storage and electrical equipment in a dry rural landscape.

Ivanhoe Mines has completed the integration of a hybrid solar power facility and battery energy storage system at its Kamoa-Kakula mining operations in the Democratic Republic of Congo, providing a continuous supply of 60 megawatts (MW) of baseload power. The installation became fully operational in the third quarter of 2026 and is the largest hybrid solar and battery storage facility at a mining operation in Africa.

The project combines a 433 MWp solar photovoltaic facility with an adjacent battery energy storage system capable of storing 1,107 megawatt-hours (MWh). The integrated system is designed to provide reliable, round-the-clock electricity to support the mine’s industrial operations.

CrossBoundary Energy and Green World Energie have funded, owned and operated the energy infrastructure, with Kamoa-Kakula serving as the sole offtaker. Construction began in mid-2025, with power deliveries increasing significantly during August and September 2026.

Building on the project’s progress, Kamoa-Kakula plans to double its total on-site hybrid solar power capacity to 120 MW within the next 18 months. The expansion is expected to strengthen the mine’s energy supply and increase the contribution of renewable energy to its operations.

As part of the expansion plan, the company signed a power purchase agreement with Green World Energie in April 2026 for an additional 30 MW of capacity. In August 2026, it signed another agreement with Lualaba Solar Company for a further 30 MW.

Both planned facilities will be developed within the joint-venture licence area. The expansion is expected to enhance energy reliability, support long-term mining activities and increase the use of renewable power at Kamoa-Kakula.

Solarcentury Africa and Alensy Energy Solutions Secure EPC Contract for 56 MWp Kafue Solar Project in Zambia

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14th October 2026

Solarcentury Africa, in partnership with Alensy Energy Solutions, has been appointed as the Engineering, Procurement, and Construction (EPC) contractor for the 56 MWp Kafue Solar Project in Zambia’s Lusaka Province. The project, developed by independent power producer Globeleq, has achieved financial close, with construction scheduled to commence immediately.

Solarcentury Africa also served as the technical development partner to Globeleq during the project’s development phase and will now collaborate with Alensy Energy Solutions to execute the EPC scope.

The Kafue Solar Project was awarded under the GET FiT Zambia Programme, an initiative supporting private-sector investment in renewable energy generation. Once operational, the facility will supply electricity to Zambia’s national grid under a 25-year Power Purchase Agreement (PPA) with ZESCO, the country’s state-owned electricity utility.

The project has secured financing from FMO, the Dutch entrepreneurial development bank, and British International Investment (BII). Additionally, the Norwegian Agency for Development Cooperation (NORAD) is supporting essential grid infrastructure upgrades associated with the development.

The 56 MWp solar facility is expected to generate sufficient clean electricity to serve approximately 38,000 households, while avoiding an estimated 48,000 tonnes of carbon dioxide emissions annually. The project is also expected to contribute to Zambia’s energy security by strengthening electricity supply and supporting the integration of renewable energy into the national grid.

During peak construction, the development is anticipated to create approximately 200 employment opportunities for local Zambians, alongside additional long-term operational positions following commissioning.

Jason de Carteret, Chief Executive Officer of Solarcentury Africa, welcomed the project’s financial close and highlighted the company’s involvement as both a development partner and EPC contractor. He emphasised the importance of working closely with Globeleq and Alensy Energy Solutions to deliver the project safely, efficiently, and within the planned schedule.

Norbert Dörgeloh, Chief Executive Officer of Alensy Energy Solutions, described the partnership with Globeleq as an important milestone for the company. He noted that the Kafue Solar Project would represent Alensy’s third large-scale utility-scale project in Zambia, further strengthening its renewable energy construction portfolio.

Jonathan Hoffman, Chief Executive Officer of Globeleq, highlighted the role of public-private collaboration in advancing Zambia’s energy and economic development objectives. He stated that the project would help strengthen electricity infrastructure in a key industrial region, improve power reliability for businesses and communities, and support the country’s transition towards a lower-carbon energy system.

Electricity generation from the Kafue Solar Project is scheduled to begin in the third quarter of 2027, following the completion of construction and associated grid infrastructure works.

The development represents another significant investment in Zambia’s renewable energy sector and reinforces Solarcentury Africa’s growing presence in the development and delivery of utility-scale solar projects across the African continent.

TGREDCO Issues Tender For 3,000 MW Solar Projects With 6,000 MWh Energy Storage Across India

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14th October 2026

The Telangana Renewable Energy Development Corporation Limited (TGREDCO) has invited bids for setting up 3,000 MW of Inter-State Transmission System (ISTS)-connected solar photovoltaic (PV) power projects paired with 1,000 MW / 6,000 MWh of Energy Storage Systems (ESS) across India. The projects will be developed on a Build-Own-Operate (BOO) basis, with electricity generated from the facilities procured by Telangana distribution companies (TGDISCOMs) under long-term power purchase agreements (PPAs) for 25 years.

TGREDCO issued the Request for Selection (RfS) on October 13, 2026, inviting eligible renewable energy developers to participate in the competitive bidding process. The tender aims to facilitate the development of large-scale solar generation capacity integrated with energy storage infrastructure to support electricity supply requirements.

Under the tender conditions, interested bidders must pay a non-refundable RfS document fee of Rs. 50,000, along with applicable Goods and Services Tax (GST). In addition, bidders are required to submit a bid processing fee of Rs. 20,000 per MW, plus applicable GST, along with their bid responses. The total bid processing fee is capped at Rs. 20 lakh, excluding GST.

The tender also specifies financial security requirements for participating developers. Bidders must furnish an Earnest Money Deposit (EMD) of Rs. 15.93 lakh per MW per project. The EMD can be submitted through a Bank Guarantee, Payment on Order Instrument (POI), or an Insurance Surety Bond, as permitted under the tender provisions.

Following the selection process, successful bidders will be required to submit a Performance Bank Guarantee (PBG) or an equivalent permitted financial instrument at the rate of Rs. 39.82 lakh per MW per project. This security must be furnished before signing the power purchase agreement with the procuring entities.

In addition to the bid-related fees and financial guarantees, selected developers must pay success charges of Rs. 1 lakh per MW, along with applicable taxes, to TGREDCO.

The tender combines utility-scale solar PV generation with energy storage capacity, providing for 6,000 MWh of storage alongside 3,000 MW of solar projects. The proposed configuration is intended to support the integration of renewable electricity into the power system while improving the ability to manage variations in solar generation. The detailed technical requirements, project implementation conditions, and other obligations will be governed by the RfS document and associated tender provisions.

TGREDCO has indicated that the pre-bid meeting will be conducted according to the schedule provided in the Notice Inviting Tender (NIT), available on the ISN-ETS portal and the corporation’s official website. The bid submission deadline and the opening date for techno-commercial bids will also be as specified in the NIT published on the ISN-ETS portal.

Interested developers are required to review the official tender documents for eligibility criteria, submission procedures, project requirements, and the applicable timelines before participating in the bidding process.

FMO Invests USD 100 Million in ReNew to Expand India’s Renewable Energy Portfolio

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14th October 2026

FMO, the Dutch Entrepreneurial Development Bank, has announced a USD 100 million corporate debt facility for ReNew Solar Power Private Limited, a wholly owned subsidiary of ReNew Energy Global Plc. The financing, denominated in Indian rupees, will support the expansion of ReNew’s renewable energy portfolio, including solar and hybrid power projects across India.

The ten-year financing facility marks FMO’s largest investment in India’s energy sector to date. The investment is expected to provide long-term capital to support ReNew’s ongoing project development and growth plans while contributing to the country’s transition towards cleaner energy sources. FMO has classified 100% of the investment as green, recognising its contribution to climate change mitigation.

Founded in 2011, ReNew is one of India’s leading decarbonisation solutions companies and has played a significant role in the country’s renewable energy development. The company has adopted digital technologies to support the expansion and management of clean energy infrastructure. Its solar and wind projects have a combined capacity of approximately 20 GW across 10 states. According to the company, its installed capacity accounts for around 1.9% of India’s total power capacity.

The financing comes as India continues to expand its renewable energy infrastructure to meet rising electricity demand and advance its energy transition objectives. The long-tenor facility will provide ReNew with funding to support its under-construction portfolio and strengthen its ability to develop additional renewable energy projects.

Beyond climate financing, the transaction also focuses on gender equality and women’s economic empowerment. The investment qualifies under the 2X Challenge, a global initiative designed to increase opportunities for women through investments that support their participation and advancement in economic activities. It represents FMO’s largest investment aimed at advancing opportunities for women in Asia’s energy sector.

ReNew meets the initiative’s criteria through its governance and accountability practices, along with its commitment to increasing women’s participation in its workforce. The company aims to ensure that women account for at least 30% of its workforce by 2030, compared with the current industry average of approximately 11%.

ReNew also supports women’s professional development through mentoring and career advancement programmes. These initiatives are intended to improve representation and create additional opportunities for women in the renewable energy industry.

Marnix Monsfort, Director of Energy at FMO, said the partnership would support ReNew’s growth ambitions while advancing FMO’s commitment to India’s energy transition. He highlighted the long-term, rupee-denominated structure of the financing and its alignment with environmental, social and governance standards.

Kailash Vaswani, Chief Financial Officer of ReNew, said the transaction reflects the confidence of global development finance institutions in the company’s business model, execution capabilities and growth strategy. He added that the financing would provide flexible, long-term growth capital for projects under construction while diversifying the company’s funding sources.

The investment strengthens the financial partnership between FMO and ReNew, combining renewable energy expansion with climate mitigation and gender inclusion objectives.

TGREDCO Issues 800 MW Wind Power Tender Across India In Telangana

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14th October 2026