Category: All News

Suzlon has announced that the company has secured 1.1 GW of new orders in FY27, including a new 250 MW WTG supply order from Torrent Green Energy. This sixth order from Torrent takes the cumulative partnership between the two companies to over 1.3 GW across three key states Gujarat, Karnataka, and Madhya Pradesh.

Suzlon will supply 76 flagship S144 wind turbines (3.3 MW each) along with grid integration and long-term O&M (AMS) services, the company stated.

Commenting on the development, Girish Tanti, Vice Chairman, Suzion Group, said, “For us, the true measure of success is not a single order, but partnerships that endure and grow over time. Torrent Green Energy has been one of our most valued partners for over a decade, and we are honoured that this relationship has grown into one of Suzion’s largest customer partnerships. It is a reminder that in renewable energy, trust is earned through consistent performance, and long-term partnerships create the confidence to build India’s energy future together.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Customer confidence continues to be our biggest strength, which is reflected in 1.1 GW of new orders we’ve secured in FY27. This order further strengthens our presence in Madhya Pradesh, which is emerging as an important growth market for wind energy in India.”

Suzlon has announced that the company has secured 1.1 GW of new orders in FY27, including a new 250 MW WTG supply order from Torrent Green Energy. This sixth order from Torrent takes the cumulative partnership between the two companies to over 1.3 GW across three key states Gujarat, Karnataka, and Madhya Pradesh.

Suzlon will supply 76 flagship S144 wind turbines (3.3 MW each) along with grid integration and long-term O&M (AMS) services, the company stated.

Commenting on the development, Girish Tanti, Vice Chairman, Suzion Group, said, “For us, the true measure of success is not a single order, but partnerships that endure and grow over time. Torrent Green Energy has been one of our most valued partners for over a decade, and we are honoured that this relationship has grown into one of Suzion’s largest customer partnerships. It is a reminder that in renewable energy, trust is earned through consistent performance, and long-term partnerships create the confidence to build India’s energy future together.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Customer confidence continues to be our biggest strength, which is reflected in 1.1 GW of new orders we’ve secured in FY27. This order further strengthens our presence in Madhya Pradesh, which is emerging as an important growth market for wind energy in India.”

KPI Green Energy’s subsidiary, Sun Drops Energia Limited, has approved a proposal to acquire up to 100% equity stake in DEK and Mavericks Green Energy Limited (DMGEL) at a valuation of ₹55.80 crore.

The proposed transaction was approved by the Board of Sun Drops Energia on August 21, 2026. The acquisition will be carried out through the purchase of up to 1.71 crore equity shares of DMGEL at ₹32.66 per share. As consideration, Sun Drops will issue up to 15,89,781 Compulsorily Convertible Preference Shares (CCPS) of equivalent value to DMGEL’s shareholders, subject to the required shareholder approvals and regulatory compliances.

If Sun Drops acquires 50% or more of DMGEL, the company will become a step-down subsidiary of KPI Green Energy. The acquisition is expected to be completed by September 30, 2026, subject to shareholder approval and applicable compliances.

DMGEL operates in the renewable energy sector and provides EPC and project development solutions, with activities spanning utility-scale ground-mounted solar projects, commercial and industrial rooftop solar, hybrid power solutions, battery energy storage systems (BESS), transmission infrastructure and operations and maintenance services.

Sun Drops said the proposed acquisition is aimed at expanding its renewable energy business by leveraging DMGEL’s technical expertise and project execution capabilities.

The proposed acquisition will constitute a related party transaction to the extent that Sun Drops acquires shares held by Dr. Faruk G. Patel, Promoter and Director of Sun Drops, who currently owns 8.95% of DMGEL’s equity share capital.

The company stated that the transaction is being undertaken on an arm’s-length basis, based on a valuation report issued by a registered valuer dated August 20, 2026.

DMGEL was incorporated on November 16, 2021, and is registered with the Registrar of Companies, Ahmedabad. The company reported turnover of ₹213.98 crore in FY2025-26, compared with ₹150.04 crore in FY2024-25 and ₹30.62 crore in FY2023-24.

The proposed acquisition would further strengthen KPI Green Energy’s presence across renewable energy development, EPC and associated infrastructure services.

KPI Green Energy’s subsidiary, Sun Drops Energia Limited, has approved a proposal to acquire up to 100% equity stake in DEK and Mavericks Green Energy Limited (DMGEL) at a valuation of ₹55.80 crore.

The proposed transaction was approved by the Board of Sun Drops Energia on August 21, 2026. The acquisition will be carried out through the purchase of up to 1.71 crore equity shares of DMGEL at ₹32.66 per share. As consideration, Sun Drops will issue up to 15,89,781 Compulsorily Convertible Preference Shares (CCPS) of equivalent value to DMGEL’s shareholders, subject to the required shareholder approvals and regulatory compliances.

If Sun Drops acquires 50% or more of DMGEL, the company will become a step-down subsidiary of KPI Green Energy. The acquisition is expected to be completed by September 30, 2026, subject to shareholder approval and applicable compliances.

DMGEL operates in the renewable energy sector and provides EPC and project development solutions, with activities spanning utility-scale ground-mounted solar projects, commercial and industrial rooftop solar, hybrid power solutions, battery energy storage systems (BESS), transmission infrastructure and operations and maintenance services.

Sun Drops said the proposed acquisition is aimed at expanding its renewable energy business by leveraging DMGEL’s technical expertise and project execution capabilities.

The proposed acquisition will constitute a related party transaction to the extent that Sun Drops acquires shares held by Dr. Faruk G. Patel, Promoter and Director of Sun Drops, who currently owns 8.95% of DMGEL’s equity share capital.

The company stated that the transaction is being undertaken on an arm’s-length basis, based on a valuation report issued by a registered valuer dated August 20, 2026.

DMGEL was incorporated on November 16, 2021, and is registered with the Registrar of Companies, Ahmedabad. The company reported turnover of ₹213.98 crore in FY2025-26, compared with ₹150.04 crore in FY2024-25 and ₹30.62 crore in FY2023-24.

The proposed acquisition would further strengthen KPI Green Energy’s presence across renewable energy development, EPC and associated infrastructure services.

KPI Green Energy’s subsidiary, Sun Drops Energia Limited, has approved a proposal to acquire up to 100% equity stake in DEK and Mavericks Green Energy Limited (DMGEL) at a valuation of ₹55.80 crore.

The proposed transaction was approved by the Board of Sun Drops Energia on August 21, 2026. The acquisition will be carried out through the purchase of up to 1.71 crore equity shares of DMGEL at ₹32.66 per share. As consideration, Sun Drops will issue up to 15,89,781 Compulsorily Convertible Preference Shares (CCPS) of equivalent value to DMGEL’s shareholders, subject to the required shareholder approvals and regulatory compliances.

If Sun Drops acquires 50% or more of DMGEL, the company will become a step-down subsidiary of KPI Green Energy. The acquisition is expected to be completed by September 30, 2026, subject to shareholder approval and applicable compliances.

DMGEL operates in the renewable energy sector and provides EPC and project development solutions, with activities spanning utility-scale ground-mounted solar projects, commercial and industrial rooftop solar, hybrid power solutions, battery energy storage systems (BESS), transmission infrastructure and operations and maintenance services.

Sun Drops said the proposed acquisition is aimed at expanding its renewable energy business by leveraging DMGEL’s technical expertise and project execution capabilities.

The proposed acquisition will constitute a related party transaction to the extent that Sun Drops acquires shares held by Dr. Faruk G. Patel, Promoter and Director of Sun Drops, who currently owns 8.95% of DMGEL’s equity share capital.

The company stated that the transaction is being undertaken on an arm’s-length basis, based on a valuation report issued by a registered valuer dated August 20, 2026.

DMGEL was incorporated on November 16, 2021, and is registered with the Registrar of Companies, Ahmedabad. The company reported turnover of ₹213.98 crore in FY2025-26, compared with ₹150.04 crore in FY2024-25 and ₹30.62 crore in FY2023-24.

The proposed acquisition would further strengthen KPI Green Energy’s presence across renewable energy development, EPC and associated infrastructure services.

Rajasthan has crossed 5,000 MW of commissioned capacity under the PM-KUSUM scheme, marking a significant milestone in the state’s efforts to expand decentralised solar power and provide daytime electricity for agricultural consumers.

The state has achieved the milestone through more than 2,300 decentralised solar projects. The achievement was formally marked on August 18 in the presence of the Rajasthan Chief Minister, who interacted with farmers and solar power developers involved in the programme.

Rajasthan’s PM-KUSUM capacity has expanded rapidly in recent years. From around 123 MW at the end of 2023, the state has reached more than 5 GW in just over two and a half years.

More than 3.34 lakh farmers are currently benefiting from the programme, while daytime agricultural power is being supplied across 26 districts.

The August 18 interaction brought together around 70 farmers and solar power developers at the Chief Minister’s residence, with more than 200 participants joining virtually from different parts of Rajasthan. Farmers shared their experiences of developing solar projects on their land, including the additional income opportunities created through the programme.

The discussions also highlighted the broader economic impact of decentralised solar generation. Farmers spoke about using their land to generate more predictable income, while some families have begun viewing their agricultural land as an additional source of economic opportunity. Participants also shared examples of family members returning from jobs outside the country to pursue opportunities created through PM-KUSUM projects.

Beyond adding renewable generation capacity, the programme is aimed at improving the availability of daytime power for agriculture and reducing the cost associated with supplying electricity to rural consumers. It also enables farmers to participate more directly in the renewable energy value chain by developing solar projects on their land.

The 5 GW milestone comes as Rajasthan continues to build its project pipeline. More than 10,000 MW of power purchase agreements (PPAs) have already been tied up under the programme, indicating further expansion of decentralised solar capacity in the state.

Rajasthan has crossed 5,000 MW of commissioned capacity under the PM-KUSUM scheme, marking a significant milestone in the state’s efforts to expand decentralised solar power and provide daytime electricity for agricultural consumers.

The state has achieved the milestone through more than 2,300 decentralised solar projects. The achievement was formally marked on August 18 in the presence of the Rajasthan Chief Minister, who interacted with farmers and solar power developers involved in the programme.

Rajasthan’s PM-KUSUM capacity has expanded rapidly in recent years. From around 123 MW at the end of 2023, the state has reached more than 5 GW in just over two and a half years.

More than 3.34 lakh farmers are currently benefiting from the programme, while daytime agricultural power is being supplied across 26 districts.

The August 18 interaction brought together around 70 farmers and solar power developers at the Chief Minister’s residence, with more than 200 participants joining virtually from different parts of Rajasthan. Farmers shared their experiences of developing solar projects on their land, including the additional income opportunities created through the programme.

The discussions also highlighted the broader economic impact of decentralised solar generation. Farmers spoke about using their land to generate more predictable income, while some families have begun viewing their agricultural land as an additional source of economic opportunity. Participants also shared examples of family members returning from jobs outside the country to pursue opportunities created through PM-KUSUM projects.

Beyond adding renewable generation capacity, the programme is aimed at improving the availability of daytime power for agriculture and reducing the cost associated with supplying electricity to rural consumers. It also enables farmers to participate more directly in the renewable energy value chain by developing solar projects on their land.

The 5 GW milestone comes as Rajasthan continues to build its project pipeline. More than 10,000 MW of power purchase agreements (PPAs) have already been tied up under the programme, indicating further expansion of decentralised solar capacity in the state.

Rajasthan has crossed 5,000 MW of commissioned capacity under the PM-KUSUM scheme, marking a significant milestone in the state’s efforts to expand decentralised solar power and provide daytime electricity for agricultural consumers.

The state has achieved the milestone through more than 2,300 decentralised solar projects. The achievement was formally marked on August 18 in the presence of the Rajasthan Chief Minister, who interacted with farmers and solar power developers involved in the programme.

Rajasthan’s PM-KUSUM capacity has expanded rapidly in recent years. From around 123 MW at the end of 2023, the state has reached more than 5 GW in just over two and a half years.

More than 3.34 lakh farmers are currently benefiting from the programme, while daytime agricultural power is being supplied across 26 districts.

The August 18 interaction brought together around 70 farmers and solar power developers at the Chief Minister’s residence, with more than 200 participants joining virtually from different parts of Rajasthan. Farmers shared their experiences of developing solar projects on their land, including the additional income opportunities created through the programme.

The discussions also highlighted the broader economic impact of decentralised solar generation. Farmers spoke about using their land to generate more predictable income, while some families have begun viewing their agricultural land as an additional source of economic opportunity. Participants also shared examples of family members returning from jobs outside the country to pursue opportunities created through PM-KUSUM projects.

Beyond adding renewable generation capacity, the programme is aimed at improving the availability of daytime power for agriculture and reducing the cost associated with supplying electricity to rural consumers. It also enables farmers to participate more directly in the renewable energy value chain by developing solar projects on their land.

The 5 GW milestone comes as Rajasthan continues to build its project pipeline. More than 10,000 MW of power purchase agreements (PPAs) have already been tied up under the programme, indicating further expansion of decentralised solar capacity in the state.