Category: All News

Lloyds Metals and Energy has approved plans to procure 65.59 MW of renewable power from Gentari India under a group captive structure, comprising 48 MW of wind and 17.59 MW of solar capacity.

As part of the arrangement, Lloyds Metals will acquire a minimum 26% equity stake in three renewable energy SPVs, with a total proposed investment of up to ₹48.02 crore. The move is aimed at increasing the share of renewable power in the company’s operations and supporting its long-term energy requirements.

The investment includes up to ₹29.66 crore in Amplus Green One Power, linked to a 36 MW wind project, and up to ₹9.89 crore in Amplus Energy One for a 12 MW wind project. For solar power, the company will invest up to ₹8.47 crore in Amplus Ceres Solar, associated with a 17.59 MW AC (26.47 MWp) solar project.

The proposed acquisitions and associated power purchase agreements remain subject to applicable regulatory approvals, including open-access requirements in Maharashtra. Lloyds Metals expects to complete the transactions by the end of FY27.

The group captive procurement forms part of Lloyds Metals’ broader efforts to increase renewable energy use across its operations and reduce dependence on conventional power sources.

Lloyds Metals and Energy has approved plans to procure 65.59 MW of renewable power from Gentari India under a group captive structure, comprising 48 MW of wind and 17.59 MW of solar capacity.

As part of the arrangement, Lloyds Metals will acquire a minimum 26% equity stake in three renewable energy SPVs, with a total proposed investment of up to ₹48.02 crore. The move is aimed at increasing the share of renewable power in the company’s operations and supporting its long-term energy requirements.

The investment includes up to ₹29.66 crore in Amplus Green One Power, linked to a 36 MW wind project, and up to ₹9.89 crore in Amplus Energy One for a 12 MW wind project. For solar power, the company will invest up to ₹8.47 crore in Amplus Ceres Solar, associated with a 17.59 MW AC (26.47 MWp) solar project.

The proposed acquisitions and associated power purchase agreements remain subject to applicable regulatory approvals, including open-access requirements in Maharashtra. Lloyds Metals expects to complete the transactions by the end of FY27.

The group captive procurement forms part of Lloyds Metals’ broader efforts to increase renewable energy use across its operations and reduce dependence on conventional power sources.

Lloyds Metals and Energy has approved plans to procure 65.59 MW of renewable power from Gentari India under a group captive structure, comprising 48 MW of wind and 17.59 MW of solar capacity.

As part of the arrangement, Lloyds Metals will acquire a minimum 26% equity stake in three renewable energy SPVs, with a total proposed investment of up to ₹48.02 crore. The move is aimed at increasing the share of renewable power in the company’s operations and supporting its long-term energy requirements.

The investment includes up to ₹29.66 crore in Amplus Green One Power, linked to a 36 MW wind project, and up to ₹9.89 crore in Amplus Energy One for a 12 MW wind project. For solar power, the company will invest up to ₹8.47 crore in Amplus Ceres Solar, associated with a 17.59 MW AC (26.47 MWp) solar project.

The proposed acquisitions and associated power purchase agreements remain subject to applicable regulatory approvals, including open-access requirements in Maharashtra. Lloyds Metals expects to complete the transactions by the end of FY27.

The group captive procurement forms part of Lloyds Metals’ broader efforts to increase renewable energy use across its operations and reduce dependence on conventional power sources.

The Indian Wind Turbine Manufacturers Association (IWTMA) has released its report, “Learning from States: Policy Harmony for 10 GW Annual Wind Capacity Additions,” identifying state-level policy and regulatory practices that can be scaled across India to accelerate wind project execution and support the national target of 100 GW of wind capacity by 2030.

India’s wind sector has entered a critical phase of growth. FY2025-26 recorded 6.1 GW of new wind capacity; the highest annual addition in the sector’s history, taking cumulative installed capacity to 55 GW (March 2026). The development pipeline includes 43 GW under construction, 25.8 GW awarded during FY2023-25 and a further 7.6 GW awarded in FY2025-26. To reach 100 GW by 2030, however, India will need to scale annual installations to approximately 10 GW for the remainder of the decade.

The report finds that achieving this scale will depend not only on the project pipeline, but also on addressing state-level execution bottlenecks, particularly in transmission readiness and connectivity allocation, land acquisition and Right of Way, regulatory approvals, and timely execution of power sale agreements.

The study assesses eight major wind-producing and emerging states – Karnataka, Maharashtra, Gujarat, Rajasthan, Andhra Pradesh, Madhya Pradesh, Tamil Nadu and Telangana across nine critical areas of the wind project lifecycle. These are grouped under two frameworks: Demand Enablement, covering demand assessment and energy planning, grid planning, utility allocation and RPO compliance, and C&I/Open Access; and Project Execution & Clearance, covering project registration, land acquisition, grid connectivity, Right of Way and commissioning.

The assessment shows that several states have already developed practices that can provide a blueprint for wider adoption. Under Demand Enablement, the report identifies measures including taluka-level GIS-based wind resource assessment, explicit wind targets within state renewable energy plans, five-year rolling transmission plans, publication of substation-level evacuation capacity, wind-specific RPO trajectories and time-bound Green Energy Open Access approvals.

Commenting on the report, Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, Government of India, said, “As India’s renewable energy landscape evolves, the role of State Governments becomes increasingly important. While national policies provide strategic direction, it is often at the state level that projects are conceptualized, developed, and implemented. State-level policies therefore serve as powerful instruments for attracting investments, facilitating project development, enabling infrastructure creation, and addressing region-specific challenges.”

Shri Girish Tanti, Chairman, Indian Wind Turbine Manufacturers Association (IWTMA), said, “India’s renewable energy journey continues to make significant progress, driven by the collective commitment of Central and State Governments, developers, and industry stakeholders. As we advance towards 500 GW of non-fossil fuel-based capacity by 2030, wind energy remains a cornerstone of India’s energy transition.” He added that the report aims to strengthen the regulatory foundations required for sustained, large-scale wind energy deployment.

For Project Execution & Clearance, the report recommends unified single-window registration, end-to-end digital project tracking, clearly defined land allotment frameworks, online and time-bound land-use conversion, digital grid-connectivity applications with transparent eligibility and queue management, online Right of Way approvals, and standardised digital processes for electrical safety approvals, synchronisation and commissioning.

The state-level assessment highlights clear areas of leadership. Gujarat emerges as the strongest performer under the Demand Enablement framework, with leading practices across long-term energy planning, transmission planning, procurement and RPO implementation, as well as C&I and Open Access processes. Under Project Execution & Clearance, Maharashtra records best-practice performance across 12 parameters, followed by Gujarat across 11 parameters, demonstrating the value of integrated digital platforms and defined approval processes in reducing project-development friction.

The report also identifies specific practices with potential for national replication. These include five-year rolling State Transmission Utility plans with substation build-out, publication of available grid margins for renewable energy integration, Green Energy Open Access approvals within 15 days through single-window portals, connectivity grants within 30 days subject to feasibility, and defined timelines and digital workflows for land, Right of Way and commissioning approvals.

With Central and State agencies already planning more than 152 GW of transmission evacuation infrastructure by 2030, the report argues that coordinated implementation of these measures can help translate India’s substantial wind project pipeline into commissioned capacity. Greater alignment of state-level regulations and approval processes can reduce development timelines and transaction costs, improve project visibility and strengthen investor confidence.

The report is intended to serve as a practical reference for policymakers, regulators, state agencies, developers and investors, enabling states to benchmark their frameworks against proven practices elsewhere and adopt measures suited to their respective markets.

As India moves towards its 100 GW wind target by 2030, the report concludes that policy harmonisation and replication of proven state-level practices will be central to bridging the gap between project ambition and execution and establishing a predictable framework capable of supporting 10 GW of annual wind capacity additions.

The Indian Wind Turbine Manufacturers Association (IWTMA) has released its report, “Learning from States: Policy Harmony for 10 GW Annual Wind Capacity Additions,” identifying state-level policy and regulatory practices that can be scaled across India to accelerate wind project execution and support the national target of 100 GW of wind capacity by 2030.

India’s wind sector has entered a critical phase of growth. FY2025-26 recorded 6.1 GW of new wind capacity; the highest annual addition in the sector’s history, taking cumulative installed capacity to 55 GW (March 2026). The development pipeline includes 43 GW under construction, 25.8 GW awarded during FY2023-25 and a further 7.6 GW awarded in FY2025-26. To reach 100 GW by 2030, however, India will need to scale annual installations to approximately 10 GW for the remainder of the decade.

The report finds that achieving this scale will depend not only on the project pipeline, but also on addressing state-level execution bottlenecks, particularly in transmission readiness and connectivity allocation, land acquisition and Right of Way, regulatory approvals, and timely execution of power sale agreements.

The study assesses eight major wind-producing and emerging states – Karnataka, Maharashtra, Gujarat, Rajasthan, Andhra Pradesh, Madhya Pradesh, Tamil Nadu and Telangana across nine critical areas of the wind project lifecycle. These are grouped under two frameworks: Demand Enablement, covering demand assessment and energy planning, grid planning, utility allocation and RPO compliance, and C&I/Open Access; and Project Execution & Clearance, covering project registration, land acquisition, grid connectivity, Right of Way and commissioning.

The assessment shows that several states have already developed practices that can provide a blueprint for wider adoption. Under Demand Enablement, the report identifies measures including taluka-level GIS-based wind resource assessment, explicit wind targets within state renewable energy plans, five-year rolling transmission plans, publication of substation-level evacuation capacity, wind-specific RPO trajectories and time-bound Green Energy Open Access approvals.

Commenting on the report, Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, Government of India, said, “As India’s renewable energy landscape evolves, the role of State Governments becomes increasingly important. While national policies provide strategic direction, it is often at the state level that projects are conceptualized, developed, and implemented. State-level policies therefore serve as powerful instruments for attracting investments, facilitating project development, enabling infrastructure creation, and addressing region-specific challenges.”

Shri Girish Tanti, Chairman, Indian Wind Turbine Manufacturers Association (IWTMA), said, “India’s renewable energy journey continues to make significant progress, driven by the collective commitment of Central and State Governments, developers, and industry stakeholders. As we advance towards 500 GW of non-fossil fuel-based capacity by 2030, wind energy remains a cornerstone of India’s energy transition.” He added that the report aims to strengthen the regulatory foundations required for sustained, large-scale wind energy deployment.

For Project Execution & Clearance, the report recommends unified single-window registration, end-to-end digital project tracking, clearly defined land allotment frameworks, online and time-bound land-use conversion, digital grid-connectivity applications with transparent eligibility and queue management, online Right of Way approvals, and standardised digital processes for electrical safety approvals, synchronisation and commissioning.

The state-level assessment highlights clear areas of leadership. Gujarat emerges as the strongest performer under the Demand Enablement framework, with leading practices across long-term energy planning, transmission planning, procurement and RPO implementation, as well as C&I and Open Access processes. Under Project Execution & Clearance, Maharashtra records best-practice performance across 12 parameters, followed by Gujarat across 11 parameters, demonstrating the value of integrated digital platforms and defined approval processes in reducing project-development friction.

The report also identifies specific practices with potential for national replication. These include five-year rolling State Transmission Utility plans with substation build-out, publication of available grid margins for renewable energy integration, Green Energy Open Access approvals within 15 days through single-window portals, connectivity grants within 30 days subject to feasibility, and defined timelines and digital workflows for land, Right of Way and commissioning approvals.

With Central and State agencies already planning more than 152 GW of transmission evacuation infrastructure by 2030, the report argues that coordinated implementation of these measures can help translate India’s substantial wind project pipeline into commissioned capacity. Greater alignment of state-level regulations and approval processes can reduce development timelines and transaction costs, improve project visibility and strengthen investor confidence.

The report is intended to serve as a practical reference for policymakers, regulators, state agencies, developers and investors, enabling states to benchmark their frameworks against proven practices elsewhere and adopt measures suited to their respective markets.

As India moves towards its 100 GW wind target by 2030, the report concludes that policy harmonisation and replication of proven state-level practices will be central to bridging the gap between project ambition and execution and establishing a predictable framework capable of supporting 10 GW of annual wind capacity additions.

The Indian Wind Turbine Manufacturers Association (IWTMA) has released its report, “Learning from States: Policy Harmony for 10 GW Annual Wind Capacity Additions,” identifying state-level policy and regulatory practices that can be scaled across India to accelerate wind project execution and support the national target of 100 GW of wind capacity by 2030.

India’s wind sector has entered a critical phase of growth. FY2025-26 recorded 6.1 GW of new wind capacity; the highest annual addition in the sector’s history, taking cumulative installed capacity to 55 GW (March 2026). The development pipeline includes 43 GW under construction, 25.8 GW awarded during FY2023-25 and a further 7.6 GW awarded in FY2025-26. To reach 100 GW by 2030, however, India will need to scale annual installations to approximately 10 GW for the remainder of the decade.

The report finds that achieving this scale will depend not only on the project pipeline, but also on addressing state-level execution bottlenecks, particularly in transmission readiness and connectivity allocation, land acquisition and Right of Way, regulatory approvals, and timely execution of power sale agreements.

The study assesses eight major wind-producing and emerging states – Karnataka, Maharashtra, Gujarat, Rajasthan, Andhra Pradesh, Madhya Pradesh, Tamil Nadu and Telangana across nine critical areas of the wind project lifecycle. These are grouped under two frameworks: Demand Enablement, covering demand assessment and energy planning, grid planning, utility allocation and RPO compliance, and C&I/Open Access; and Project Execution & Clearance, covering project registration, land acquisition, grid connectivity, Right of Way and commissioning.

The assessment shows that several states have already developed practices that can provide a blueprint for wider adoption. Under Demand Enablement, the report identifies measures including taluka-level GIS-based wind resource assessment, explicit wind targets within state renewable energy plans, five-year rolling transmission plans, publication of substation-level evacuation capacity, wind-specific RPO trajectories and time-bound Green Energy Open Access approvals.

Commenting on the report, Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, Government of India, said, “As India’s renewable energy landscape evolves, the role of State Governments becomes increasingly important. While national policies provide strategic direction, it is often at the state level that projects are conceptualized, developed, and implemented. State-level policies therefore serve as powerful instruments for attracting investments, facilitating project development, enabling infrastructure creation, and addressing region-specific challenges.”

Shri Girish Tanti, Chairman, Indian Wind Turbine Manufacturers Association (IWTMA), said, “India’s renewable energy journey continues to make significant progress, driven by the collective commitment of Central and State Governments, developers, and industry stakeholders. As we advance towards 500 GW of non-fossil fuel-based capacity by 2030, wind energy remains a cornerstone of India’s energy transition.” He added that the report aims to strengthen the regulatory foundations required for sustained, large-scale wind energy deployment.

For Project Execution & Clearance, the report recommends unified single-window registration, end-to-end digital project tracking, clearly defined land allotment frameworks, online and time-bound land-use conversion, digital grid-connectivity applications with transparent eligibility and queue management, online Right of Way approvals, and standardised digital processes for electrical safety approvals, synchronisation and commissioning.

The state-level assessment highlights clear areas of leadership. Gujarat emerges as the strongest performer under the Demand Enablement framework, with leading practices across long-term energy planning, transmission planning, procurement and RPO implementation, as well as C&I and Open Access processes. Under Project Execution & Clearance, Maharashtra records best-practice performance across 12 parameters, followed by Gujarat across 11 parameters, demonstrating the value of integrated digital platforms and defined approval processes in reducing project-development friction.

The report also identifies specific practices with potential for national replication. These include five-year rolling State Transmission Utility plans with substation build-out, publication of available grid margins for renewable energy integration, Green Energy Open Access approvals within 15 days through single-window portals, connectivity grants within 30 days subject to feasibility, and defined timelines and digital workflows for land, Right of Way and commissioning approvals.

With Central and State agencies already planning more than 152 GW of transmission evacuation infrastructure by 2030, the report argues that coordinated implementation of these measures can help translate India’s substantial wind project pipeline into commissioned capacity. Greater alignment of state-level regulations and approval processes can reduce development timelines and transaction costs, improve project visibility and strengthen investor confidence.

The report is intended to serve as a practical reference for policymakers, regulators, state agencies, developers and investors, enabling states to benchmark their frameworks against proven practices elsewhere and adopt measures suited to their respective markets.

As India moves towards its 100 GW wind target by 2030, the report concludes that policy harmonisation and replication of proven state-level practices will be central to bridging the gap between project ambition and execution and establishing a predictable framework capable of supporting 10 GW of annual wind capacity additions.

Euler Motors, an electric commercial vehicle OEM, has expanded its manufacturing footprint in Palwal, Haryana. This new facility is dedicated to the manufacturing of its four-wheeler (4W) portfolio, comprising the Euler Turbo EV 1000 and Storm EV. With an investment outlay of INR 100 crores, Euler Motors now operates across 40 acres with an annual production capacity of up to 24,000 vehicles.

The facility was inaugurated by Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp in the presence of Euler Motors’ leadership team.

At full ramp, the facility will operate two shifts a day, supplemented by a third hybrid shift, to manufacture the Turbo EV 1000 and Storm EV. It features an automated 4W assembly conveyor line, dedicated assembly lines, a body shop and an integrated battery pack assembly line. Built on a deeply localised supply chain, both vehicles are engineered and designed for India from the ground up.

The facility follows a layered validation approach, with testing integrated across every stage of manufacturing. Critical systems, including suspension frames, drivetrain and steering, undergo rigorous testing for early fault detection. Battery packs are subjected to thermal cycling, thermal shock, water wading, drop, vibration, mechanical shock and abuse testing under real-world load conditions to monitor performance and degradation. Electrical, mechanical and thermal systems are completely validated to ensure that every vehicle meets Euler Motor’s quality, reliability and performance benchmarks before delivery.

Speaking at the inauguration, Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp, said, “At Hero MotoCorp, we believe the future of mobility will be shaped by collaboration, innovation and a shared commitment to sustainable growth. India’s commercial mobility sector is at an important inflection point, with electrification gaining momentum on the back of supportive government policies, improving total-cost economics and the growing demand for sustainable last-mile mobility. Our strategic investment in Euler Motors reflects our confidence in its vision and capabilities, as well as our belief in the broader potential of India’s rapidly evolving electric mobility ecosystem.”

He further added, “The expansion of Euler’s Palwal facility, with a dedicated four-wheeler production line, represents more than an increase in manufacturing capacity-it is a step towards shaping the future of India’s commercial mobility. Euler has demonstrated that electric vehicles can deliver the performance, economics and technology that commercial customers demand.”

Commenting on the launch, Saurav Kumar, Founder and CEO, Euler Motors, said, “The four-wheeler cargo segment has long run on ICE for years because no electric vehicle could compete with ICE on the right combination of performance and affordability. Our 4W vehicles – Storm EV and the Turbo EV 1000 have demonstrated as the right fit to that gap with segment penetration moving from around ~1 percent to ~5.8 percent in the category with Euler securing~28 percent market share.

We expanded from selling ~40 four-wheeler vehicles a month last year in April to roughly ~800 four-wheeler vehicles a month this year in June. With the scaling demand for Euler’s four-wheeler vehicles, this manufacturing facility now gives us the capacity to cater to that growing demand. With this facility, we are building on the momentum to accelerate the transition to electric mobility across segments that have been long dominated by ICE.”

The four-wheeler light commercial vehicle segment carries some of India’s heaviest loads across its longest routes and has remained predominantly reliant on ICE for decades. Euler Motors set out to change that with two vehicles engineered to compete on performance, economics and technology. The Turbo EV 1000 went a step further as the world’s first one-tonne electric truck to outperform ICE on both performance and price. In just 10 months of its launch, EV penetration in the 4W one-tonne segment rose from ~1 percent to 5.8 percent. The Storm EV was India’s first commercial vehicle equipped with Advanced Driver Assistance Systems (ADAS), bringing features such as collision alerts and night vision assistance to a segment where advanced safety technology has traditionally been out of reach.

Euler Motors, an electric commercial vehicle OEM, has expanded its manufacturing footprint in Palwal, Haryana. This new facility is dedicated to the manufacturing of its four-wheeler (4W) portfolio, comprising the Euler Turbo EV 1000 and Storm EV. With an investment outlay of INR 100 crores, Euler Motors now operates across 40 acres with an annual production capacity of up to 24,000 vehicles.

The facility was inaugurated by Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp in the presence of Euler Motors’ leadership team.

At full ramp, the facility will operate two shifts a day, supplemented by a third hybrid shift, to manufacture the Turbo EV 1000 and Storm EV. It features an automated 4W assembly conveyor line, dedicated assembly lines, a body shop and an integrated battery pack assembly line. Built on a deeply localised supply chain, both vehicles are engineered and designed for India from the ground up.

The facility follows a layered validation approach, with testing integrated across every stage of manufacturing. Critical systems, including suspension frames, drivetrain and steering, undergo rigorous testing for early fault detection. Battery packs are subjected to thermal cycling, thermal shock, water wading, drop, vibration, mechanical shock and abuse testing under real-world load conditions to monitor performance and degradation. Electrical, mechanical and thermal systems are completely validated to ensure that every vehicle meets Euler Motor’s quality, reliability and performance benchmarks before delivery.

Speaking at the inauguration, Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp, said, “At Hero MotoCorp, we believe the future of mobility will be shaped by collaboration, innovation and a shared commitment to sustainable growth. India’s commercial mobility sector is at an important inflection point, with electrification gaining momentum on the back of supportive government policies, improving total-cost economics and the growing demand for sustainable last-mile mobility. Our strategic investment in Euler Motors reflects our confidence in its vision and capabilities, as well as our belief in the broader potential of India’s rapidly evolving electric mobility ecosystem.”

He further added, “The expansion of Euler’s Palwal facility, with a dedicated four-wheeler production line, represents more than an increase in manufacturing capacity-it is a step towards shaping the future of India’s commercial mobility. Euler has demonstrated that electric vehicles can deliver the performance, economics and technology that commercial customers demand.”

Commenting on the launch, Saurav Kumar, Founder and CEO, Euler Motors, said, “The four-wheeler cargo segment has long run on ICE for years because no electric vehicle could compete with ICE on the right combination of performance and affordability. Our 4W vehicles – Storm EV and the Turbo EV 1000 have demonstrated as the right fit to that gap with segment penetration moving from around ~1 percent to ~5.8 percent in the category with Euler securing~28 percent market share.

We expanded from selling ~40 four-wheeler vehicles a month last year in April to roughly ~800 four-wheeler vehicles a month this year in June. With the scaling demand for Euler’s four-wheeler vehicles, this manufacturing facility now gives us the capacity to cater to that growing demand. With this facility, we are building on the momentum to accelerate the transition to electric mobility across segments that have been long dominated by ICE.”

The four-wheeler light commercial vehicle segment carries some of India’s heaviest loads across its longest routes and has remained predominantly reliant on ICE for decades. Euler Motors set out to change that with two vehicles engineered to compete on performance, economics and technology. The Turbo EV 1000 went a step further as the world’s first one-tonne electric truck to outperform ICE on both performance and price. In just 10 months of its launch, EV penetration in the 4W one-tonne segment rose from ~1 percent to 5.8 percent. The Storm EV was India’s first commercial vehicle equipped with Advanced Driver Assistance Systems (ADAS), bringing features such as collision alerts and night vision assistance to a segment where advanced safety technology has traditionally been out of reach.