Infrastructure & PPPs in India - Q3 2026 Update - Clean Energy Transition

YOG INFRA

2 days ago

24 min read

INDIA renewable energy sector is expanding through major investments in solar, wind, BESS, green hydrogen, transmission infrastructure, and Public-Private Partnerships (PPPs). Key developments include ADB’s USD 1 Bn transaction advisory initiative for clean energy PPP projects in Madhya Pradesh, Adani Energy Solutions’ USD 492 Mn transmission project, POWERGRID’s USD 340 Mn renewable energy evacuation project, and major BESS contracts across Maharashtra, Madhya Pradesh, and Andhra Pradesh. Other initiatives include Rajasthan’s 200 MW rooftop solar programme, Google’s 150 MW solar agreement with ReNew Power, and investments in battery manufacturing and grid modernization. These developments strengthen private-sector participation and support India’s target of 500 GW of non-fossil fuel capacity by 2030.

Read more about key developments in Infrastructure and PPPs in India in power & clean energy transition sector our latest insight.

This is first publication on a 2-part insight series on India.

JULY 2026

SECI ANNOUNCES WINNERS FOR 4.455 MW ROOFTOP SOLAR PROJECTS

The Solar Energy Corporation of India Limited finalized bid results for 4.455 MW of grid-connected rooftop solar photovoltaic projects under Tranche-IX of the Renewable Energy Service Company model in July 2026. The tender, issued in April 2026, selected private-sector developers across 14 packages to install distributed solar across government facilities and educational institutions nationwide. Winning tariffs ranged between INR 2.94/kWh and INR 3.75/kWh across all allocated packages.

Renergo Developers Private Limited secured lowest-bid status across ten of the fourteen packages. The company submitted the lowest overall tariff of INR 2.94/kWh for a 2 MW installation at Visva Bharati University in Birbhum. Renergo also secured packages for Central Sanskrit University campuses in Bhopal (80 kW), Thrissur (140 kW), Puri (400 kW), Lucknow (90 kW), Agartala (200 kW), Bhalwal (220 kW), Kangra (100 kW), and Devprayag (200 kW), alongside a 100-kW installation at the Regional Passport Office in Bhopal.

Other project allocations included GP Eco Solutions winning the 400-kW system at Central Sanskrit University in Jaipur at INR 3.04/kWh. Cleanco Renewables Private Limited secured projects at IIITDM Kancheepuram (375 kW at INR 3.10/kWh) and Central Sanskrit University Sringeri (50 kW at INR 3.50/kWh). AGF Energy Infra Private Limited was awarded the 100-kW project at IIIT Bhagalpur at INR 3.72/kWh.

INDIA BUILDING WORLD’S LARGEST DESERT RENEWABLE PARK

India is constructing the world’s largest renewable energy park in the arid salt flats of Khavda, Gujarat, spanning 208 square miles. The massive facility is designed to reach a 30-gigawatt capacity upon completion, with over 9.5 gigawatts of solar power already operational. Once fully completed, the site is projected to generate approximately 81 billion kilowatt-hours of clean electricity annually, sufficient to power more than 16 million households. Beyond energy production, the development is expected to generate over 15,000 green jobs while driving significant national carbon reduction.

The complex functions as an integrated clean-power system, incorporating bifacial solar panels, large wind turbines, and tracking systems. To address the intermittent nature of solar energy, the facility features a massive 3.37-gigawatt-hour battery storage system capable of supplying electricity to nearly one million homes for an entire day post-sunset. This large-scale energy storage transforms weather-dependent power into a dependable backbone for the grid. Additionally, waterless robotic cleaning systems are deployed to clear desert dust from panels without straining local water supplies.

This mega-project plays a pivotal role in advancing India's target of achieving 500 gigawatts of non-fossil energy capacity by 2030. However, converting this immense output into usable household electricity presents major infrastructural hurdles. Transporting power from the remote desert into the national grid relies on extensive transmission line projects. Overcoming network bottlenecks and installation delays remains the critical final challenge to ensuring this vast clean power reliably reaches consumers across the country.

COAL INDIA PARTNERS UPRVUNL FOR USD 1.34 BN RENEWABLE ENERGY EXPANSION IN UTTAR PRADESH

Coal India Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited signed a joint venture agreement worth INR 12,800 Cr (USD 1.34 BN) to expand clean power generation infrastructure in Uttar Pradesh, India. Under the Public Private Partnership (PPP) framework structure, Coal India Limited will hold a 51% equity stake, while Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited will retain the remaining 49%.

The joint venture will design, finance, construct, operate, and maintain a diversified portfolio of utility-scale renewable energy assets across the state. Planned greenfield and brownfield installations include ground-mounted solar plants, floating solar arrays, rooftop solar systems, wind power facilities, and pumped storage projects. The initiative supports India's broader decarbonization strategy and helps transition traditional state mining enterprises into integrated clean energy providers.

The execution of these power assets will occur in a phased manner across several regions of Uttar Pradesh to meet rising industrial and urban power demand. Beyond increasing grid reliability and supply stability, the portfolio is expected to attract regional capital investments, lower carbon emissions intensity, and generate employment during both construction and operational phases.

SERENTICA RENEWABLES SIGNS 600 MW FDRE PPA WITH SECI ASSURED PEAK TENDER

In July 2026, Serentica Renewables executed a Power Purchase Agreement (PPA) with the state-owned Solar Energy Corporation of India (SECI) for a 600 MW Firm and Dispatchable Renewable Energy (FDRE) utility-scale greenfield project. Developed under the FDRE VII Assured Peak framework, this infrastructure asset integrates 2,400 MWh of battery energy storage capacity out of SECI's broader 4,800 MWh tender program.

The Public Private Partnership (PPP) structure leverages a long-term concession model, wherein the private developer assumes complete responsibility for project design, capital expenditure, construction, and grid operations. Operating under a targeted off-peak delivery mandate, the facility requires supplying electricity exclusively during non-solar peak demand hours to balance the national power grid.

Upon commercial commissioning, the project is projected to deliver 975 million units of dispatchable renewable electricity annually while mitigating over 1 million tonnes of carbon dioxide emissions each year. The initiative expands the clean power developer's portfolio past 8.7 GWp of utility-scale capacity across India. By coupling dispatchable renewable generation with large-scale storage infrastructure, the greenfield asset significantly enhances grid resilience, improves national energy security, and advances long-term decarbonization targets across the regional energy network.

JAPAN TO FUND INDIA'S POWER GRID WITH USD 492 MN UNDER NEW ASIA ENERGY INITIATIVE

Japan has agreed to provide up to JPY 80 Bn (USD 492 Mn) in financing for a major high-voltage direct current transmission project in India. Spearheaded by the Japan Bank for International Cooperation along with commercial lenders, the funding marks the inaugural project under Japan's new regional POWERR Asia initiative. The transmission line will connect the massive Khavda renewable energy park in Gujarat to Nagpur in Maharashtra over a 1,200 Km corridor to reduce power loss during long-distance distribution.

The joint effort comes as both nations deepen cooperation across clean energy, advanced manufacturing, and economic security during bilateral summit talks in New Delhi. Beyond grid infrastructure, the two countries are advancing plans to support green hydrogen and renewable ammonia production, establish resilient supply chains for semiconductors and critical minerals, and implement a rupee-yen trade settlement mechanism to reduce reliance on the US dollar.

In parallel with public sector initiatives, Japanese private companies are preparing to invest nearly USD 12.5 Bn across roughly 120 bilateral agreements. The expanding economic partnership is intended to support India's transition away from imported fossil fuels while boosting energy efficiency, grid resilience, and broader regional stability in the Indo-Pacific.

MECPOWER SOLUTIONS SIGNS MOU WITH GUJARAT TO SET UP 5 GWH BATTERY STORAGE FACILITY

Mecpower Solutions entered into a Memorandum of Understanding with the Government of Gujarat to establish a greenfield 5 GWh Battery Energy Storage System (BESS) assembly facility in Karjan, Gujarat. The project represents a total capital outlay of INR 160 Cr (USD 16.8 Mn). Designed to advance India's clean energy infrastructure, the assembly plant will focus on manufacturing scalable energy storage solutions for utility-scale, commercial, and industrial applications across the power grid.

The partnership operates under a state-level investment framework wherein the government provides regulatory support and infrastructure access, while the private entity funds and manages project execution. The primary technical objective of the BESS facility is to address renewable energy intermittency, enhance power grid stability, and optimize load management as large-scale solar and wind power assets integrate into the national network.

Strategically, this investment enhances domestic manufacturing capacity within the energy storage value chain, reducing reliance on imported battery technology. Furthermore, the establishment of localized battery assembly infrastructure supports India's long-term energy transition roadmap, strengthening supply chain resilience and encouraging downstream investments across regional renewable energy markets in Western India.

MAHARASHTRA INVITES BIDS FOR 222.5 MW CLEAN ENERGY

The Water Resources Department of the Government of Maharashtra has issued Public Private Partnership (PPP) tenders for two renewable power projects across Parbhani and Hingoli districts in western India. The scope encompasses both a brownfield hydro facility redevelopment and a greenfield floating solar facility on the Purna Project reservoir.

The first component targets the operation, maintenance, and modernization of the existing 22.5 MW Yeldari Dam Hydroelectric Plant. The second component entails constructing a 200 MW Floating Solar Photovoltaic (FSPV) plant combined with a Battery Energy Storage System (BESS).

Under the selected Public Private Partnership (PPP) framework, private developers will manage long-term operations to optimize power generation and strengthen grid stability without requiring additional land acquisition. Integrating utility-scale battery storage with reservoir-based solar installations serves as a strategic blueprint for maximizing clean energy efficiency from existing hydraulic infrastructure.

REC SIGNS USD 1.57 BN POWER & RENEWABLE DEAL WITH TRIPURA

REC Limited has signed two Memorandums of Understanding (MoUs) worth INR 15,000 Cr (USD 1.57 Bn) with the Government of Tripura to bolster the state's power infrastructure and renewable energy segment. The agreements were finalized during the Destination Tripura Business Conclave 2026. The initiative aims to modernize electricity networks, expand total power generation, and significantly accelerate clean energy adoption across the state.

Under the first agreement, up to INR 10,000 Cr (USD 1.05 Bn) in financial assistance will be allocated to the Tripura State Electricity Corporation Limited (TSECL). These funds are directed at modernizing the existing grid, expanding electricity infrastructure, and upgrading transmission and distribution networks. This infrastructure overhaul is designed to enhance the overall reliability, quality, and stability of the power supply throughout Tripura.

The remaining INR 5,000 Cr (USD 524 Mn) has been allocated to the Tripura Renewable Energy Development Agency (TREDA) specifically for green energy initiatives. This financial backing will support the setup and expansion of various clean energy projects across the state. The initiative aims to increase the share of renewables in Tripura’s energy mix, driving sustainable economic growth and contributing to broader national climate and clean energy goals.

TATA POWER RENEWABLES ADVANCES ON 800 MW RENEWABLES PROJECT IN INDIA

Tata Power Renewable Energy Ltd (TPREL) has broken ground on an 800 MW renewable energy project in Andhra Pradesh, India. The initiative features a balanced hybrid setup consisting of 400 MW of wind power located in Kanekallu, Ananthapuram, alongside 400 MW of solar power based in Pattikonda, Kurnool. The project is linked to the national grid through Inter-State Transmission System connectivity at the Ananthapuram II and Kurnool-4 substations.

The development is being executed under the Andhra Pradesh Integrated Clean Energy Policy across 3,462 acres of land, allocating 2,700 acres for solar installations and 760 acres for wind turbines. Suzlon will handle the engineering, procurement, and construction for the 400 MW wind component, marking a major milestone in its ongoing clean energy partnership with TPREL. The project is projected to generate roughly 4,000 direct and indirect jobs throughout its development and operational stages.

The remaining 400 MW solar capacity includes a 200 MW Firm and Dispatchable Renewable Energy project for NTPC, backed by a 25 MW/50 MWh battery energy storage system, with the final 200 MW reserved for future allocation. This initiative aligns with Andhra Pradesh's targets of reaching 72 GW of renewable capacity by 2030 and Net Zero by 2047, while directly supporting Tata Power’s broader strategy to achieve 100% clean energy by 2045.

MPPMCL INVITES BIDS FOR 625 MW/1,250 MWH BESS PROJECTS IN MADHYA PRADESH

MP Power Management Company has issued a tender to establish three standalone battery energy storage systems totaling 625 MW/1,250 MWh in Madhya Pradesh under the Build, Own, Operate (BOO) model. The capacity will be split into two 250 MW/500 MWh units and one 125 MW/250 MWh unit, connecting to the Birsinghpur, Bina, and Sendhwa substations. Developers can receive viability gap funding support of up to INR 18 lakh (USD 0.02 Mn) per MWh for these projects.

Selected operators will draw grid power to charge the systems and discharge stored energy on demand for the state power utility. Facilities must offer at least two hours of discharge capacity at rated power for two daily cycles and maintain 95% annual availability. The project guidelines strictly ban refurbished battery cells and require indigenously developed Energy Management System software. Furthermore, developers must fulfill a minimum local content requirement of 20% of the total project cost.

AUGUST 2026

ADANI WINS USD 492 MN CLEAN ENERGY TRANSMISSION DEAL

Adani Energy Solutions Ltd has secured a INR 4,700 Cr (USD 492 Mn) transmission project in Maharashtra to route 4,500 MW of green energy generated in Karnataka to high-demand regions, including Pune, Satara, and the Mumbai Metropolitan Region. Awarded via tariff-based competitive bidding, the infrastructure will also support expanding regional pumped storage systems to enhance clean energy flow between Southern and Western India.

The project features a 765/400 kV substation at Satara, a 765 kV double-circuit line between Kolhapur and Satara, and capacity upgrades at the Kolhapur pooling station. Slated for completion within 36 months under a special purpose vehicle named Satara Power Transmission Ltd, it will add 562 circuit kilometres of lines and 9,000 MVA of transformation capacity to the developer's network.

This expansion connects renewable-rich zones to major industrial hubs, advancing grid stability and supporting national targets to achieve 500 GW of non-fossil fuel capacity by 2030. Upon completion, the developer's total network will reach 29,739 circuit kilometres and 143,425 MVA in transformation capacity, reinforcing its power distribution presence across the region.

BSPGCL TENDERS 150 MW SOLAR PROJECT WITH 75 MW/300 MWH BATTERY STORAGE IN BIHAR

Bihar State Power Generation Company Ltd. (BSPGCL) has issued a tender to develop a 150 MW grid-connected solar power project integrated with a 75 MW/300 MWh Battery Energy Storage System (BESS). The initiative aims to strengthen the state's renewable energy infrastructure and ensure a steady power supply during high-demand hours.

Under the tender guidelines, single bidders can apply for capacities ranging from a minimum of 20 MW to a maximum of 75 MW, with quotes required in multiples of 5 MW. The setup mandates a minimum storage ratio of 0.5 MW/2 MWh per 1 MW of solar capacity. Selected developers are required to supply 2,000 kWh of energy per MW of rated capacity during a designated four-hour daily peak discharge window determined by BSPGCL.

This project follows BSPGCL's earlier efforts to expand storage capacity, including a 2025 contract for a 125 MW/500 MWh standalone BESS awarded across six developers, alongside a separate project for a 30 MW/120 MWh standalone system. The integrated solar and battery setup is expected to enhance grid flexibility, improve renewable energy integration, and reliably address rising electricity demands across Bihar.

RAJASTHAN BOOSTS WATER INFRASTRUCTURE WITH MAJOR SOLAR POWER DRIVE

Rajasthan’s Public Health Engineering Department (PHED) is transitioning its water pumping infrastructure to solar energy under the Renewable Energy Service Company (RESCO) model. The project involves installing over 200 MW of solar rooftop capacity across major pumping stations to power operations that currently consume nearly 350 Cr units of electricity annually. Estimated to cost over INR 703 Cr (USD 74 Mn), this initiative is projected to save more than INR 180 Cr (USD 19 Mn) in energy costs.

The first phase will cover eight districts with 43 solar plants in Baran, 31 in Bharatpur, 13 in Bundi, 26 in Dausa, 16 in Deeg, 21 in Kota, 27 in Sawai Madhopur, and 24 in Tonk. The initiative will be implemented under the virtual net metering (VNM) arrangement, which allows a single solar plant to supply multiple dispersed connections by injecting power into the grid and adjusting bills accordingly.

The project is structured as a Public-Private Partnership (PPP) where contracted companies will handle complete funding, installation, operation, and maintenance over a 25-year duration. To maintain market competition and operational reliability, individual companies are capped at a maximum allocation of 50 MW each and must maintain an annual Capacity Utilization Factor between 17% and 19%.

INDIA SURPASSES 300 GW OF NON-FOSSIL POWER CAPACITY

India has officially crossed the 300-gigawatt (GW) threshold in installed non-fossil fuel power capacity, marking a significant milestone in its clean energy transition. This milestone accounts for over 60% of the country's target to reach 500 GW of non-fossil capacity by 2030. Non-fossil sources now constitute more than 54% of India’s total installed electricity generation capacity, which currently stands at roughly 552 GW.

Solar energy remains the primary driver of this growth with nearly 164.6 GW installed, followed by wind at 58.1 GW, hydropower at 57.2 GW, bio-power at 11.8 GW, and nuclear energy at 8.8 GW. Over the next decade, the nation aims to nearly quadruple its solar capacity and triple its wind generation assets. Clean energy is increasingly viewed as crucial not only for climate goals, but also for strengthening long-term industrial competitiveness and energy independence.

Despite these rapid capacity additions, the expansion of the national power grid and transmission infrastructure has lagged, causing elevated rates of clean power curtailment. To address grid absorption constraints and ensure steady delivery to buyers, solar developers across the country have begun integrating battery storage systems into photovoltaic projects. This battery integration is expected to mitigate curtailment risks while keeping India's renewable energy expansion on track.

HINDUJA GROUP TO EXPAND GREEN MOBILITY IN TAMIL NADU

The Hinduja Group is expanding its presence in Tamil Nadu with a new investment of INR 2,500 Cr (USD 262 Mn) aimed at boosting clean energy and electric mobility initiatives across the state. This initiative includes plans by Hinduja Renewables Energy Private Limited to establish over 200 MW of solar, wind, and battery projects across regions such as Tirunelveli, Thoothukudi, Virudhunagar, Madurai, and Coimbatore.

This latest plan builds upon a larger INR 7,500 Cr (USD 786 Mn) agreement signed in September 2025 dedicated to building out the state’s electric vehicle ecosystem, including battery manufacturing and energy storage systems. It also complements Ashok Leyland's INR 500 Cr (USD 52.5 Mn) greenfield battery pack manufacturing facility initiated earlier this year at Pillaipakkam near Chennai. Through these combined efforts, the group continues to expand its broader operational footprint in the region alongside existing ventures like Gulf Oil, Switch Mobility, and Hinduja Leyland Finance. The group will be working with the state government to advance the investment commitment and support Tamil Nadu’s sustainable growth.

JPDCL FLOATS 154 MW ROOFTOP SOLAR TENDER FOR 77,000 LOW-INCOME J&K HOMES

Jammu Power Distribution Corporation Limited (JPDCL) has floated a tender to select Renewable Energy Service Companies (RESCOs) for setting up 154 MWp of grid-connected rooftop solar projects. The initiative targets 77,000 Antyodaya Anna Yojana (AAY) households across ten districts in the Jammu Division under the PM Surya Ghar: Muft Bijli Yojana. Each selected household will receive a 2 kWp solar installation.

The selected vendors will handle the installation, operation, and maintenance of the systems at no cost to consumers for at least five years. To ensure smooth execution, vendors must meet domestic content requirements, register on the National Portal, and contribute to a Payment Security Mechanism fund. The initiative forms part of Jammu & Kashmir’s broader target to cover 83,500 residential consumers under the scheme, supported by both central financial assistance and union territory subsidies. The project aims to accelerate clean energy adoption while providing subsidized power access to low-income households across the region.

POWERGRID FLOATS TENDER FOR 265 MW/530 MWH STANDALONE BESS PROJECT

Power Grid Corporation of India Limited (POWERGRID) has invited bids for establishing a 265 MW/530 MWh standalone Battery Energy Storage System (BESS) project in Haryana. Identified as Package HR-BESS-01, the initiative is being executed through the Tariff Based Competitive Bidding route to enhance grid flexibility and streamline the integration of renewable energy sources.

The project represents a key milestone in expanding grid-scale energy storage capacity across India, exclusively open to eligible domestic bidders who fulfill specified technical and financial criteria. By balancing power supply and demand, this standalone BESS infrastructure aims to significantly boost the stability, reliability, and overall operational efficiency of the region's electricity network.

USOLAR SECURES TOP SPOT IN 20 MW FLOATING SOLAR TENDER IN BHILAI

USolar Clean Energy Solutions Private Limited has emerged as the lowest bidder (L1) for NTPC-SAIL Power Company Limited’s (NSPCL) 20 MW floating solar photovoltaic project at Maroda Reservoir-2 in Bhilai, Chhattisgarh.

USolar secured the top position with a quoted rate of INR 2.90 Cr (USD 0.30 Mn) per MU and a financial bid of INR 127.47 Cr (USD 13.35 Mn), backed by an estimated annual generation of 43.90 million units.
InSolare Energy Limited placed second with a bid of INR 134.88 Cr (USD 14.15 Mn) at INR 2.96 Cr (USD 0.31 Mn) per MU
SLNKO Energy Private Limited with INR 138.30 Cr (USD 14.5 Mn) at INR 3.12 Cr (USD 0.32 Mn) per MU.
Oriana Power with INR 137.71 Cr (USD 14.45 Mn) at INR 3.13 Cr (USD 0.32 Mn) per MU.
Floatex Solar with INR 139.15 Cr (USD 14.58 Mn) at INR 3.17 Cr (USD 0.33 Mn) per MU.
BVG India Limited to INR 144.61 Cr (USD 15.15 Mn) at INR 3.17 Cr (USD 0.33 Mn) per MU.

The selected contractor will complete the project within one year, handling the design, supply, installation, testing, and commissioning of the plant along with its floating platforms and power evacuation infrastructure. Following commissioning, the contractor will also manage operation and maintenance services for the facility for three years.

TAMIL NADU UNVEILS MAJOR USD 2.18 BN POWER STATION IN TUTICORIN

The Tamil Nadu government has announced a INR 20,800 Cr (USD 2.18 Bn) project to construct a new 1,600 MW supercritical thermal power station in Tuticorin. Implemented under a Public-Private Partnership model, the facility will feature two 800 MW units designed to gradually replace five aging 210 MW coal-fired units operating since 1979. This initiative aims to build world-class power infrastructure capable of keeping pace with the state's expanding economy and growing energy needs.

A INR 33,066 Cr (USD 3.46 Bn) plan was also unveiled to modernize Tamil Nadu’s power transmission network. The upgrade involves constructing 196 new substations, laying 15,000 Km of transmission lines, and strengthening the existing grid.

To address the intermittent nature of rapidly expanding solar and wind energy sources, thermal power generation remains necessary to maintain uninterrupted power during peak periods. Alongside broader grid enhancements, INR 1,762 Cr (USD 185 Mn) has been set aside specifically for Chennai's local distribution network. This localized funding will cover 36 new substations, updated distribution transformers, and the replacement of outdated cables and circuit breakers.

OYSTER RENEWABLE BEGINS GUJARAT WIND OPERATIONS

Oyster Renewable Energy has commissioned a 52.8 MW wind power capacity at Dayapar in Gujarat to supply power to Jindal Stainless, with commercial operations starting on July 30, 2026. Featuring 16 wind turbines, this phase represents Oyster Renewable’s entry into Gujarat as part of a larger 315.6 MW solar-wind hybrid initiative that includes assets across Gujarat and Madhya Pradesh.

The initial 16 turbines required an investment of approximately INR 385 Cr (USD 40 Mn), while the full 30-turbine Gujarat wind facility is slated for an overall outlay of INR 725 Cr (USD 76 Mn). The entire hybrid program commands an investment exceeding INR 2000 Cr (USD 210 Mn), with INR 1320 Cr (USD 138 Mn) committed directly by Jindal Stainless.

The remaining 14 wind turbines will be brought online in phases to achieve the facility's full 99 MW planned capacity. Once fully operational, the Gujarat wind site is projected to offset nearly 92,000 tonnes of carbon emissions every year. This project advances the developer's broader strategic pipeline of 3.5 GW while expanding its renewable footprint in a region known for high wind potential.

SEPTEMBER 2026

ADB SIGNS USD 1 BN GREEN ENERGY PACT IN MADHYA PRADESH

The Asian Development Bank (ADB) has partnered with the Government of Madhya Pradesh by signing its first Transaction Advisory Services agreement in India to support clean energy Public-Private Partnership (PPP) projects. The collaboration aims to mobilize up to USD 1 Bn in private capital to develop renewable energy infrastructure across the state. Under the pact, ADB will act as the transaction advisor to structure, prepare, and roll out bankable tenders that attract private investors.

The planned pipeline includes three major clean energy projects, featuring a solar power generation and battery energy storage facility in Shajapur. This infrastructure is designed to supply electricity during peak hours, stabilize the local distribution network, and ensure a reliable power supply even when solar generation is offline. These efforts directly support the state's goals under the Madhya Pradesh Renewable Energy Policy 2025, which targets meeting 50% of its electricity demand from renewable sources by 2030.

ADB aims to demonstrate effective investment frameworks and establish scalable clean energy standards throughout the state. This initiative builds on a 25-year operational partnership between ADB and Madhya Pradesh focused on sustained energy infrastructure development.

GOOGLE EXPANDS CLEAN-ENERGY AND CLIMATE-TECH INITIATIVES IN INDIA

Google has unveiled a slew of clean-energy and climate-tech initiatives in India, combining artificial intelligence, geospatial data, and infrastructure investments to accelerate the country’s clean-energy transition. The initiatives include the expansion of its Solar API to more than 300 million buildings across India, a 150-megawatt (MW) solar project in Rajasthan with ReNew Power, a climate-smart agriculture programme with Mitti Labs to help rice farmers cut methane emissions and water use, and new research priorities under the Google Centre for Climate Technology. Globally, the coverage of this rooftop insight technology now reaches over 1.2 billion buildings.

The initiative aims to support technological and AI leadership, ensuring that this momentum drives sustainable, inclusive growth is central to our collective future. To boost clean energy capacity, Google secured a long-term agreement with ReNew Power for a 150 MW solar project in Rajasthan, bringing its total contracted capacity with the firm to 300 MW. In agriculture, Google partnered with Mitti Labs to implement satellite-monitored, climate-smart rice farming in Telangana, targeting a reduction of nearly 3 million tonnes of CO2 equivalent over 20 years. These initiatives combine infrastructure development with sustainable land management to reduce grid and farming emissions.

INDIA, BELGIUM SIGN MOU FOR RENEWABLE ENERGY COOPERATION

India and Belgium have signed a Memorandum of Understanding to expand cooperation in renewable energy and clean technology. The agreement targets key sectors including green hydrogen, offshore wind, and critical mineral recycling, while building on a decade of bilateral climate dialogue to accelerate decarbonization efforts and secure industrial supply chains.

The partnership focuses on the green hydrogen value chain, covering production, transport, storage, and industrial applications. It expands joint initiatives into advanced energy storage, bioenergy, and pumped hydro systems. Additionally, both nations are advancing joint projects in other strategic areas, such as developing one of the world's largest green ammonia facilities in Andhra Pradesh and collaborating on advanced defense manufacturing.

Beyond clean energy technology, the pact aligns with broader international commitments to climate resilience, ocean conservation, disaster preparedness, and climate finance for developing nations. Both countries reaffirmed their commitment to the Paris Agreement's long-term temperature and equity goals, pledging support for upcoming global climate conferences to drive implementation on the ground.

POWERGRID BAGS USD 340 MN ANNUAL TRANSMISSION PROJECT UNDER TBCB

Power Grid Corporation of India (POWERGRID) has secured a project under Tariff Based Competitive Bidding (TBCB) to set up an Inter-State Transmission System designed to evacuate 6 GW of renewable energy from Rajasthan REZ Phase-IV. The company submitted a winning bid with annual transmission charges set at INR 3,244 Cr (USD 340 Mn) and received the formal Letter of Intent on September 2, 2026.

The project includes constructing 6,000 MW 800 kV HVDC terminals at Barmer-II in Rajasthan and South Kalamb in Maharashtra, along with upgrading the South Kalamb substation. Additionally, it involves the installation of two SynCon units at the Barmer-II location and the establishment of a 1,000 Km 800 kV HVDC bipole transmission line spanning Rajasthan, Gujarat, and Maharashtra.

The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis and also includes installation of two SynCon units at Barmer-II Power Station. The Power Grid Corporation of India is a Maharatna CPSU and Indias largest electric power transmission company.

MADHYA PRADESH PLANS USD 136 MN FLOATING SOLAR-BATTERY PROJECT FOR 200 CITIES

Madhya Pradesh is launching a INR 1,300 crore (USD 136 Mn) Public-Private Partnership (PPP) project featuring a 200 MW floating solar plant paired with a 50 MW/100 MWh battery energy storage system. The solar panels will be installed on the cooling reservoir of the Sanjay Gandhi Thermal Power Station in Umaria district to avoid fresh land acquisition.

The project pools the power demand of nearly 200 urban local bodies, which will collectively hold a 26% equity stake. Clean energy generated from the plant will directly power essential municipal services—including drinking-water pumping and sewage treatment—helping cut recurring operational costs for cities.

Tendering is expected to be awarded by January 2027, with target power delivery set to begin by July 2028. State authorities highlighted that demand-pooling helps smaller municipalities access affordable renewable energy without independently managing land, financing, or infrastructure.

NLC INDIA AND NALCO SIGNS MOU FOR 1,200 MW THERMAL AND RENEWABLE ENERGY PROJECTS

NLC India Limited has signed a strategic Memorandum of Understanding (MoU) with National Aluminium Company (NALCO) to collaborate on thermal and renewable energy projects. Formalized on February 14, 2026, in Mahabalipuram, the partnership focuses on meeting NALCO's captive and long-term energy requirements. The agreement highlights cooperation between two public sector enterprises to optimize national resources and support sustainability goals.

The centerpiece of the collaboration includes a proposed 1,200 MW thermal captive power project alongside renewable energy development. Beyond power generation, the MoU outlines long-term power supply and captive power setups to guarantee reliable, cost-effective energy. Additionally, it establishes long-term coal supply arrangements to secure the necessary fuel resources for these power initiatives.

To effectively execute these energy solutions, both companies are exploring comprehensive joint project development opportunities. This includes the potential formation of a Joint Venture Company to manage and operate the projects. The combined efforts aim to strengthen national energy security while advancing India's industrial growth and green energy targets.

NAVITAS SOLAR PLANS USD 1.05 BN EXPANSION ACROSS GUJARAT AND MAHARASHTRA

Navitas Solar plans to invest INR 10,000 crore (USD 1.05 Bn) over the next five years to expand its renewable energy presence in Gujarat and Maharashtra. This expansion spans the complete value chain, including ingots, wafers, high-efficiency solar cells, modules, battery energy storage, and power generation. The investment aims to scale operations, build supply-chain depth, and support India's transition to clean energy.

As part of this roadmap, the company is establishing a 2.4 GW solar cell manufacturing plant at Sisodara in Gujarat, with the first phase receiving an investment of around INR 1,200 crore (USD 126 Mn) to become operational by July 2027. Pilot lines for ingot and wafer production are also being developed to build technical capabilities for future capacity. Additionally, a 5 GWh battery energy storage facility is planned in Vadodara, alongside the development of two solar parks totalling 225 MW in Maharashtra.

The company currently operates 3 GW of annual solar module capacity using TOPCon and bifacial Mono PERC technologies while expanding into solar encapsulants and international EPC projects. This proposed investment reflects a broader industry shift among Indian manufacturers moving beyond simple module assembly to build integrated, upstream clean energy platforms.

TRUERE ORIANA SECURES BIDS FOR 900 MW/1.8 GWH OF BESS IN MAHARASHTRA

TrueRE Oriana Power Limited has secured two contracts worth approximately INR 3,870 crore (USD 403.8 Mn) to construct a total of 900 MW / 1,800 MWh battery energy storage system (BESS) capacity in Maharashtra, India. Issued by the Maharashtra State Electricity Distribution Company (MSEDCL), the awards cover a 15-year period operating under battery energy storage purchase agreements.

The allocation includes a 500-MW/1,000-MWh standalone project at Maharashtra State Electricity Transmission Company substations at a tariff of INR 238,000 (USD 2,500) per MW per month. Additionally, a 400-MW/800-MWh facility will be setup at MSEDCL substations at INR 240,000 (USD 2,520) per MW per month under the state's scheme for agricultural feeder solarisation.

Awarded through global competitive bidding and e-reverse auction, the initiative includes viability gap funding under the Power System Development Fund, providing TrueRE Oriana with around INR 324 crore (USD 34.41 Mn). This addition expands the firm's portfolio beyond its 1.5 GW of commissioned or under-construction solar assets and existing green hydrogen and ammonia supply agreements.

ADANI'S DHAMRA PORT BECOMES INDIA'S FIRST PRIVATE PORT ON RENEWABLE POWER

Dhamra Port in Odisha, operated by Adani Ports and Special Economic Zone (APSEZ), has shifted its entire electricity consumption to renewable power, becoming India's first large-scale private multi-cargo port to operate fully on renewable electricity. It now handles more than 48 Mn tonnes of cargo annually and meets monthly electricity demand of more than 9,000,000 units from renewable sources. At current operating levels, renewable consumption exceeds 108 GWh annually.

The transition, which took effect in August 2026, forms part of APSEZ's long-term net-zero strategy. The move is expected to reduce emissions associated with purchased electricity and improve the environmental performance of the energy-intensive port's operations.

The renewable power supply combines captive generation, third-party access arrangements and green-power procurement under Odisha's regulatory framework. About 25 to 30% of Dhamra's renewable electricity comes from APSEZ's captive hybrid power plant at Khavda in Gujarat, while a further 10 to 15% is sourced through third-party access. The remaining requirement is met through a Green Consumer arrangement with Odisha's distribution utility. Renewable electricity now supports the port's round-the-clock activities, including cargo handling, storage, rail- linked operations and other critical infrastructure.

MARUTI SUZUKI COMMISSIONS FIRST GREEN HYDROGEN PLANT AT MANESAR PLANT

Maruti Suzuki India Limited has commissioned a pilot 300 kW Green Hydrogen plant at its Manesar facility in Haryana to produce clean fuel for manufacturing operations. The Green Hydrogen produced is blended with natural gasto utilized as process fuel in the company's manufacturing operations.

The Green Hydrogen plant maximises solar energy utilisation at the company's Manesar facility. By capturing surplus solar power generated during holidays, the plant produces and stores hydrogen for later use in manufacturing operations. Using insights from this pilot, the Company plans to scale green hydrogen technology across its production facilities in Haryana and Gujarat.

Maruti Suzuki continues to boost resource efficiency and optimize energy use, guided by its parent company Suzuki Motor Corporation's core philosophy of Sho-Sho-Kei-Tan-Bi-which stands for smaller, fewer, lighter, shorter, and more beautiful.

SCHNEIDER ELECTRIC, NETWORKS FOR HUMANITY SIGN DIGITAL GRID MOU

Schneider Electric and Networks for Humanity (NFH) have signed a Memorandum of Understanding (MOU) to explore applications for India's emerging Digital Energy Grid (DEG). The partnership will combine Schneider Electric's energy technology capabilities with NFH's experience in open and interoperable digital networks.

The organisations plan to identify, design and evaluate pilot applications that can connect energy assets, end users and other participants across the energy ecosystem. The DEG is intended to create an open digital layer linking consumers, assets and market players through interoperable systems.

The framework is supported by the India Energy Stack, which aims to provide common digital infrastructure for energy services. The initiative comes as India's power system faces changing demand patterns, with peak electricity demand projected to approach 300 GW in 2027. Data centres, artificial intelligence, electric vehicles and the integration of renewable and distributed energy resources are expected to contribute to the increase.

Schneider Electric will provide expertise in digital grids, energy management, automation, distributed energy resources, building systems, microgrids, electric vehicle charging and industrial load management. These capabilities are intended to connect infrastructure, provide energy intelligence and support demand-side operational programmes within an open ecosystem.

Initial pilots will focus on utility energy intelligence, demand flexibility in industrial and building settings, home energy management, flexibility for fast electric vehicle charging, and carbon footprint accounting and trading. The projects will demonstrate ecosystem functions including discoverability, trust and transactability between value creators and value takers.

BONDADA ENGINEERING SETS UP SUBSIDIARY FOR 225 MW/450 MWH BESS PROJECT IN ANDHRA PRADESH

Bondada Engineering Ltd (BEL) has incorporated a wholly owned subsidiary, Bondada Hindupur BESS Project Pvt Ltd (BHBPL), to develop, own, operate and maintain a 225 MW/450 MWh battery energy storage system (BESS) project in Andhra Pradesh. The project was awarded by Andhra Pradesh Transmission Corp. Ltd (AP Transco) on a build-own-operate basis.

BHBPL has been established as a special purpose vehicle (SPV) to undertake the development and execution of the project, including project financing, procurement, construction, commissioning, ownership, operation and maintenance, as applicable under the project agreements.

The BESS project will be designed to provide grid-scale energy storage capacity and associated energy management services, supporting the evolving power requirements of Andhra Pradesh. It is expected to play an important role in facilitating renewable energy integration, grid balancing, peak-load management and enhanced power-system flexibility.

The BESS project marks an important step in BEL’s expansion into the rapidly growing energy-storage and energy-transition infrastructure segment. With increasing renewable energy penetration, large-scale energy storage is expected to play a critical role in providing grid flexibility, balancing capacity and reliable power management.

JDA TO INSTALL ROOFTOP SOLAR PLANTS AT STPS, GARDENS ALONG DRAVYAVATI RIVER

Jaipur Development Authority (JDA) is launching a green energy push by installing rooftop solar plants at six sewage treatment plants and two gardens along Dravyavati River. Officials expect the project to cut electricity expenses and ease pressure on the public exchequer. If successful, JDA plans to extend solar installations to other public assets under its maintenance across the city soon.

The project is estimated to generate around 20,000 units of solar power every day, approximately 6 lakh units per month and nearly 72 lakh units annually. At an average electricity tariff of Rs 8.50 per unit, the project is expected to result in electricity savings of around Rs 6.12 crore every year.

The project will continue to be operated and maintained for 25 years as per the agreement, allowing JDA to continue benefiting from renewable energy and reduced electricity expenditure beyond the payment period.

The solar initiative is also expected to contribute significantly to reducing carbon emissions. The project is estimated to reduce around 5,227 tonnes of CO2 emissions annually, translating into an estimated reduction of approximately 1.31 lakh tonnes over 25 years.

The project is being implemented through Rajasthan Renewable Energy Corporation Limited (RRECL) and will have a total installed capacity of 5 MW. A significant portion of the electricity requirement of the STPs and gardens associated with the Dravyavati River will be met through renewable energy, while the initiative will also help reduce JDA's long-term power expenditure.

List of Key Transactions - Q3 2026

Source: YOG INFRA analysis

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