Cleaning robot production in India: Chinese robotic solar cleaning solutions company Huzhou LEAPTING Technology has signed a partnership with ReNew Private Limited’s operations and maintenance (O&M) division, RenServ Global (RGPL). Announcing the collaboration on its LinkedIn channel, LEPATING said the 2 companies will explore local manufacturing of next-generation solar panel cleaning robots in India, to contribute to India’s Make in India initiative. The brief announcement did not reveal any other details of this collaboration.
PPA for 250 MW FDRE project: ACME Solar Holdings has signed a 25-year power purchase agreement (PPA) with state-owned hydropower utility NHPC Limited for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project. This facility in Rajasthan will supply electricity at INR 4.56/kWh for a minimum annual Capacity Utilization Factor (CUF) of 40% and to meet 90% of peak power requirement of 4 hours daily, said ACME. ACME said its PPA-signed portfolio now stands at 5.13 GW, out of which over 2.82 GW is already operational.
NTPC raises loan for capacity expansion: NTPC Ltd has raised a $750 million loan from the IFSC Banking Units (IBU) of Bank of Baroda and HDFC Bank in Gandhinagar. It plans to use the proceeds of this foreign currency loan agreement to fund capital expenditure for its current and upcoming capacity addition programs, including renewable energy and hydro-based facilities. NTPC said this transaction supports its target to own a diversified energy portfolio of 130 GW by 2032, while minimizing its carbon footprint.
Indosolar is back in business: Waaree Energies Limited-owned solar cell producer Indosolar Limited has relisted on India’s Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) from June 17, 2025. The company was delisted in 2022 due to procedural lapses, following insolvency proceedings in October 2018. It had to shut down its manufacturing facility in Greater Noida in 2018. It was acquired by Waaree in 2022, which recently sold 1.15% of its stake in the company.
SAMIL invests in solar: Automotive components manufacturer Samvardhana Motherson International Limited (SAMIL) is investing in a 50 MW captive solar power plant to source clean energy for its facilities located in Tamil Nadu. Along with its subsidiaries, SAMIL will acquire a 28.15% stake in HR Dhauliganga Private Limited (HRDPL) for up to INR 141.3 million ($1.6 million) in one or more tranches. SAMIL’s standalone stake in the company will be 18.35%. HRDPL is a special-purpose vehicle of Hinduja Renewables Energy Private Limited (HREPL). The investment is expected to be completed in Q2 FY26.
