2.8 GW solar, wind and storage project: Indian renewable energy company ReNew Energy Global Plc will invest INR 220 billion ($2.5 billion) to establish what it says will be one of the largest hybrid renewable energy complexes at a single location in India. The project in Andhra Pradesh’s Anantapur district will host around 2.8 GW capacity, comprising 1.8 GW of solar, 1 GW of wind, and a 2 GWh battery energy storage system (BESS). Phase I will see the company setting up 587 MW of solar, 250 MW of wind, and a 415 MWh BESS. It has already secured power purchase agreements (PPA) for this capacity. ReNew will deploy solar panels made by the company at its manufacturing facilities in Rajasthan’s Jaipur and Gujarat’s Dholera. It also plans to use solar trackers and waterless robotic cleaning for solar panels to save water.
Recently, ReNew raised INR 8.7 billion ($100 million) from the UK development finance institution British International Investment (BII) for its Indian solar manufacturing subsidiary, ReNew Photovoltaics Private Limited, to invest in a new state-of-the-art 4 GW TOPCon cell fab in Dholera. This gives BII a minority stake in ReNew Photovoltaics, whose current portfolio comprises a 6.4 GW solar PV module facility and a 2.5 GW cell factory in Jaipur and Dholera.
BluPine lands loan for 100 MW: Indian renewable energy platform established by private equity investor Actis, BluPine Energy Private Limited, has achieved financial close for a INR 3.76 billion ($45.3 million) funding from Standard Chartered for its upcoming 100 MW solar power project in Tharad, Gujarat. To be built by its subsidiary Solarcraft Power India 5, the project is scheduled to be commissioned in H1 2026. BluPine is mandated to develop an over 4 GW clean energy portfolio in India.
PPA for 810 MW solar: NLC India Renewables Limited (NIRL), the renewable energy arm of NLC India Limited (NLCIL), has signed a power purchase agreement (PPA) for its 810 MW solar power project in Rajasthan. The company won this PPA with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for NIRL’s project at the 2 GW Pugal Solar Park in Bikaner under a competitive bidding process. It is being implemented under the Ministry of New and Renewable Energy’s (MNRE) Ultra Mega Renewable Energy Power Park (UMREPP) Scheme—Mode B.
835 MW solar inverter order: Indian independent power producer (IPP) Juniper Green Energy has placed an 835 MW advanced inverter order with China’s Sungrow Power Supply Co., Ltd. The latter will supply its SG320HX-20 (300 KW) String Inverters and SG4400UD-20 (4.4 MW) central inverters that can withstand extreme temperatures of up to 51°C. AT Capital Group-backed Juniper will deploy these inverters at its solar projects in Maharashtra’s Chappalgaon, Karanja, and Jalkot, and Rajasthan’s Fatehgarh and Bhadla.
Auction activity slows down: Indian government agencies floated around 14.4 GW of solar tenders in Q1 2025, representing a 53.1% drop on a year-on-year (YoY) basis, but the volume rose 5.4% from the previous quarter, according to Mercom India Research. The auction announcements for solar, solar+storage, and wind-solar hybrid projects also fell 39% YoY to 6.4 GW, while the auctioned capacity declined 74.4% from 25 GW. According to the analysts, high domestic module prices and tight supply of DCR-compliant modules, as well as a delay in signing power sale agreements by distribution companies, directly impacted developer interest and participation in recent auctions.
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