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  • JBM Ecolife Secures INR 750 Crore Investment from Motilal Oswal Alternates to Accelerate Electric Bus Expansion

    JBM Ecolife Secures INR 750 Crore Investment from Motilal Oswal Alternates to Accelerate Electric Bus Expansion

    JBM ECOLIFE Mobility, part of JBM Auto, leading electric bus manufacturer and market leader in India, has secured an INR 750 Cr long-term strategic investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. MO Alternates is leading this investment, providing growth capital to scale JBM Ecolife’s electric bus deployment and advance sustainable public transit infrastructure across India.

    The transaction represents a core milestone for MO Alternates’ sustainability-focused investment allocation, mirroring scaled global private equity models by backing dominant green mobility platforms. The growth capital will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities.

    This is the largest ever investment by any Indian investor to date in electric mobility. EY acted as the exclusive financial advisor to JBM Ecolife, while Trilegal and Khaitan and Co. were the legal advisors for this transaction. This capital infusion will be channelised towards the rollout of state-of-the-art, high-capacity, energy-efficient e-buses, providing alternative transit options that help replace traditional diesel fleets, reduce urban air pollution and align with India’s long-term net-zero targets.

    Nishant Arya, Vice Chairman and MD, JBM Auto, said, “We are delighted to partner with Motilal Oswal as we enter our next phase of transformative growth at JBM Ecolife. With our market leadership in the electric bus market in India in FY26, this strategic partnership will act as a major catalyst towards further scaling our e-bus deployment to various states, delivering cleaner air and modernised public commuting experiences across urban centres”.

    “India is currently the third-largest electric bus market in the world, undergoing a historic shift in public transport infrastructure toward electrification. From the current ~3400 JBM e-buses deployed pan India, we will have ~5000 e-buses on roads in the next 12 months. Our proven integration of fleet management systems with advanced engineering uniquely positions us to lead this transition with enhanced agility and scale”, Arya further added.

    Rakshat Kapoor, Head Private Credit at MO Alternates, said, “India’s green energy mandate and urban mobility imperative are converging to create a structural investment opportunity of significant scale, and JBM Ecolife stands as its most credible institutional expression. JBM’s long-term concession structures offer predictable, contract-backed cash flows, which is precisely the architecture that makes for compelling private credit investments.”

    Kapoor added, “At MO Alternates, we back sector champions with disciplined capital solutions tailored to unlock significant scale. JBM’s commanding market presence, execution capabilities, and policy tailwinds make it the ideal platform to institutionalise green mobility infrastructure in India. Our INR 750 crore commitment is a high-conviction allocation, and we look forward to working alongside the JBM leadership to generate sustainable value for our investors and the environment.”

    The deployment of these e-buses at this scale will deliver a strategic dividend for India’s energy security. Further, it directly supports the transformative vision of PM Gati Shakti and aligns with key national policies such as PM e-Bus Sewa Programme, PM e-Drive initiative, etc., contributing towards a stronger, more self-reliant future in line with the nation’s Net Zero goals.

    Currently, the consolidated orderbook size of JBM Auto and JBM Ecolife Mobility stands at 10,000 plus electric buses deployed and under execution. Notably, JBM has set up one of the world’s largest (outside China) dedicated integrated electric bus manufacturing facilities, located in the Delhi-NCR region, with an annual production capacity of 20,000 electric buses.

    JBM electric buses, introduced in 2018, have disrupted the green public transportation space across the world. These electric buses have set the highest standards for passenger comfort, safety, affordability and innovation and are a testament to JBM’s unwavering commitment to excellence. Under the company’s 3 bn e-kms promise, JBM electric buses have already clocked 400 million e-kms, having served over 1.5 bn bus commuters across the world.

  • Siemens Energy and NSORe Secure 50Hertz Contract for Offshore Wind Grid Connection in Germany

    Siemens Energy and NSORe Secure 50Hertz Contract for Offshore Wind Grid Connection in Germany

    Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) have been awarded a contract to deliver a new grid connection system for offshore wind farms in the North Sea for German transmission system operator, 50Hertz.

    The connection, known as North Sea Connector 2, will enable up to 2 gigawatts of wind power to be transmitted from offshore to onshore in the future. The offshore converter platform will be fabricated by NSORe, a joint venture between Neptun Werft – part of the German Meyer Werft Group – and the Belgian construction company Smulders, primarily at the Neptun Werft shipyard in Rostock-Warnemünde.

    Siemens Energy will equip the platform with electrical transmission technologies, which will largely be manufactured at the company’s German factories. Siemens Energy has also been awarded a long-term service contract to cover maintenance, IT services, and on-call support. The company expects to fully book the order in the next fiscal year, starting on October 1, 2026.

    Tim Holt, Member of the Executive Board of Siemens Energy, said: “Expanding offshore grid connections is currently one of the most demanding tasks of the energy transition, especially at the pace now required. To help this, we have specifically expanded our capacities in Germany. Technology is only one piece of the puzzle, to ensure that our technologies can be deployed, we rely on strong partners in the maritime sector. We welcome the additional, much-needed capacity being created by Neptun Werft.”

    Stefan Kapferer, CEO of 50Hertz, said: “As the transmission system operator for eastern Germany, Berlin and Hamburg, we are pleased that, in a transparent and open tendering process, a consortium was able to prevail both in terms of price and technology, and will manufacture key components at a shipyard within our grid area. This demonstrates that domestic shipyards are now capable of offering competitive bids for the construction of offshore platforms.”

    Around 95 percent of Siemens Energy’s project scope for North Sea Connector 2 will be delivered in Germany: Transformers and converters will come from Nuremberg, while SF₆-free gas-insulated switchgear will be supplied from Berlin. Siemens Energy is currently investing several hundred million euros in expanding these sites to meet growing demand for energy transition technologies.

    To efficiently transmit electricity from offshore wind farms located far from shore, the power is converted from alternating current (AC) to direct current (DC) at sea. This is done on an offshore converter platform, which consists of two main components: A jacket foundation and a topside structure roughly the height of a building. The topside for the North Sea Connector 2 project will be built by Meyer Werft in Rostock-Warnemünde and subsequently equipped with the necessary power transmission technology by Siemens Energy. At the same time, Smulders will manufacture the jacket in the Netherlands, on which the topside will later be installed approximately 200 kilometers west of the island of Sylt in the North Sea.

    Once commissioned, the platform will convert the alternating current generated by the wind turbines into direct current and transmit it to shore via subsea cables. At an onshore converter station, the electricity will then be converted back into alternating current and fed into the grid.

  • Siemens Energy to Build 2 GW Converter Platform with German Shipyard for First Time

    Siemens Energy to Build 2 GW Converter Platform with German Shipyard for First Time

    Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) have been awarded a contract to deliver a new grid connection system for offshore wind farms in the North Sea for German transmission system operator, 50Hertz.

    The connection, known as North Sea Connector 2, will enable up to 2 gigawatts of wind power to be transmitted from offshore to onshore in the future. The offshore converter platform will be fabricated by NSORe, a joint venture between Neptun Werft – part of the German Meyer Werft Group – and the Belgian construction company Smulders, primarily at the Neptun Werft shipyard in Rostock-Warnemünde.

    Siemens Energy will equip the platform with electrical transmission technologies, which will largely be manufactured at the company’s German factories. Siemens Energy has also been awarded a long-term service contract to cover maintenance, IT services, and on-call support. The company expects to fully book the order in the next fiscal year, starting on October 1, 2026.

    Tim Holt, Member of the Executive Board of Siemens Energy, said: “Expanding offshore grid connections is currently one of the most demanding tasks of the energy transition, especially at the pace now required. To help this, we have specifically expanded our capacities in Germany. Technology is only one piece of the puzzle, to ensure that our technologies can be deployed, we rely on strong partners in the maritime sector. We welcome the additional, much-needed capacity being created by Neptun Werft.”

    Stefan Kapferer, CEO of 50Hertz, said: “As the transmission system operator for eastern Germany, Berlin and Hamburg, we are pleased that, in a transparent and open tendering process, a consortium was able to prevail both in terms of price and technology, and will manufacture key components at a shipyard within our grid area. This demonstrates that domestic shipyards are now capable of offering competitive bids for the construction of offshore platforms.”

    Around 95 percent of Siemens Energy’s project scope for North Sea Connector 2 will be delivered in Germany: Transformers and converters will come from Nuremberg, while SF₆-free gas-insulated switchgear will be supplied from Berlin. Siemens Energy is currently investing several hundred million euros in expanding these sites to meet growing demand for energy transition technologies.

    To efficiently transmit electricity from offshore wind farms located far from shore, the power is converted from alternating current (AC) to direct current (DC) at sea. This is done on an offshore converter platform, which consists of two main components: A jacket foundation and a topside structure roughly the height of a building. The topside for the North Sea Connector 2 project will be built by Meyer Werft in Rostock-Warnemünde and subsequently equipped with the necessary power transmission technology by Siemens Energy. At the same time, Smulders will manufacture the jacket in the Netherlands, on which the topside will later be installed approximately 200 kilometers west of the island of Sylt in the North Sea.

    Once commissioned, the platform will convert the alternating current generated by the wind turbines into direct current and transmit it to shore via subsea cables. At an onshore converter station, the electricity will then be converted back into alternating current and fed into the grid.

  • TERI Unveils Second Cohort of Sustainability Leadership Programme Focused on ESG, AI, and Carbon Markets

    TERI Unveils Second Cohort of Sustainability Leadership Programme Focused on ESG, AI, and Carbon Markets

    The Energy and Resources Institute (TERI) has launched the second cohort of its Corporate Sustainability Leadership Programme (CSLP), aimed at equipping professionals with the skills and knowledge needed to navigate the rapidly evolving sustainability landscape.

    Building on the success of its earlier ESG-focused executive certification programme, the new cohort will offer a comprehensive learning experience covering Environmental, Social and Governance (ESG) frameworks, carbon finance, artificial intelligence, net-zero strategies, and sustainable business transformation.

    Developed in collaboration with industry and knowledge partners, the programme is designed for corporate professionals, sustainability practitioners, business leaders, and emerging changemakers seeking to strengthen their understanding of sustainability-driven decision-making.

    The hybrid programme combines online learning with practical business applications, industry case studies, peer-to-peer engagement, and leadership-focused modules. Participants will gain exposure to globally recognized sustainability reporting standards, greenhouse gas accounting methodologies, carbon market mechanisms, and the growing role of AI in advancing corporate sustainability objectives.

    Through this initiative, TERI aims to foster a new generation of sustainability leaders capable of integrating ESG principles into business strategy while supporting the transition toward a low-carbon and resilient economy.

  • ABB Launches High-Efficiency Power Conversion Solutions for Solar and Storage

    ABB Launches High-Efficiency Power Conversion Solutions for Solar and Storage

    As grid constraints and renewables expansion accelerate, ABB has launched its Proteus PV and battery energy storage systems (BESS) portfolio. With utility-scale renewable electricity generation expected to grow by 60 percent over the next four years, according to the International Energy Agency, the Proteus portfolio delivers high-efficiency power conversion solutions for utilities, power producers and renewable developers worldwide.

    ABB will present its new Proteus solar inverter at Intersolar 2026 (June 22–25, Munich, Germany) at stand B3.250.

    “The global energy transition requires proven, scalable and reliable power conversion solutions,” said Daniel Gerber, Business Line Manager, Renewable Power at ABB. “With over 120 GW of power conversion capacity installed to date, ABB combines its enhanced portfolio of PV, BESS and control systems technologies, global presence, engineering, manufacturing, and service capabilities, delivers high performance and consistent project execution worldwide.”

    PV is widely acknowledged as the most scalable and cost-competitive clean energy source that is serving an essential role in achieving global net-zero targets, supporting further industrial electrification, and advancing the energy transition. The rapid growth of utility-scale solar projects in major markets such as China, India, and the USA is driving the demand from developers and producers for reliable, high-efficiency power conversion and grid integration solutions.

    ABB’s enhanced Proteus portfolio can meet this demand. Inverters, stations and control systems deliver industry-leading efficiency up to 99.45 percent, maximizing energy yield. Ultra-clean power output with THDi below 0.7 percent, reducing equipment stress and extend system lifetime.

    Additionally, advanced hybrid liquid and air cooling supports long-term operational reliability, while compact system architecture lowers installation complexity, transport costs, and on-site assembly requirements. The new Proteus inverter features optimized airflow management and enhanced build quality, delivering greater long-term reliability and performance across a wide range of operating environments.

    Variable renewable energy sources are increasing grid variability and driving unprecedented demand for BESS solutions that bridge generation and consumption while ensuring grid stability, reliability and continuous power supply. ABB’s Proteus BESS solutions include bi-directional converter stations and advanced control systems. Advanced features, such as grid-forming and black-start operation, combined with its battery-agnostic design and ultra-low harmonic distortion, make it the optimal inverter for utility-scale BESS projects.

    ABB has installed over 120 GW of power conversion capacity to date and operates in more than 70 countries, supporting utilities, EPCs, and developers across every major region. With decades of expertise in power conversion and grid integration, ABB delivers proven solutions backed by local engineering and service capabilities that ensure technical support and reliable project execution. Designed for a 30-year service life, the portfolio is supported by comprehensive lifecycle services that consistently outperform industry benchmarks in reliability and operational availability.

  • Kosol Energie Commissions 31 MW Solar Project at Junachay, Gujarat

    Kosol Energie Commissions 31 MW Solar Project at Junachay, Gujarat

    Kosol Energie Pvt. Ltd., a Grade-A Top Tier-1 Global Solar Manufacturer and a leading solar EPC and module manufacturing company in India, has successfully commissioned a 31 MW (DC) ground-mounted solar PV project at Junachay village in Kutch district, Gujarat, for Gujarat State Electricity Corporation Limited (GSECL). This milestone underscores Kosol’s continued commitment to advancing India’s clean energy transition and strengthening the country’s renewable infrastructure.

    With an installed capacity of 31 MW, the project has been developed under the Renewable Energy Policy & Green Energy Mission and reflects Kosol Energie’s strong execution capabilities in delivering large-scale solar projects. The plant was executed over a timeline spanning from October 2022 to March 2026, demonstrating efficient project management and engineering excellence.

    The Junachay solar project incorporates advanced technologies to ensure optimal performance and long-term reliability. It features high-efficiency 550 Wp bifacial solar modules that enhance energy generation through dual-side absorption for efficient power conversion. Additionally, the installation of a single-axis tracker mounting system enables the plant to maximize solar capture throughout the day, thereby improving overall energy yield.

    Speaking on the successful commissioning, Mr. Kalpesh Kalthia, CMD of Kosol Energie, said, “The commissioning of the Junachay solar project marks another significant step in our journey to deliver impactful renewable energy solutions at scale. At Kosol, we are focused on combining advanced technology with strong execution to support India’s clean energy ambitions. This project not only strengthens Gujarat’s renewable capacity but also reflects our commitment to building a sustainable and energy-secure future.”

    The project is expected to contribute substantially to clean power generation in the region, helping reduce carbon emissions while supporting the growing energy demand through sustainable sources. It further reinforces Kosol Energie’s position as a trusted partner in India’s renewable energy sector, consistently delivering high-quality solar infrastructure aligned with national sustainability goals.

  • NTPC REL Invites Bids for Large-Scale 2,200 MWh Battery Storage Project in Rajasthan

    NTPC REL Invites Bids for Large-Scale 2,200 MWh Battery Storage Project in Rajasthan

    NTPC Renewable Energy Limited (NTPC REL) has issued an Engineering, Procurement and Construction (EPC) tender for the development of a 2,200 MWh Battery Energy Storage System (BESS) project in Rajasthan.

    The proposed project is aimed at strengthening grid reliability and supporting the integration of renewable energy into the power network. As India accelerates its clean energy transition, large-scale energy storage systems are becoming increasingly important for managing intermittency and ensuring a stable power supply.

    The tender marks another significant step in NTPC REL’s efforts to expand energy storage infrastructure and enhance the flexibility of the country’s renewable energy ecosystem. The project is expected to play a key role in facilitating greater deployment of solar and wind power while contributing to India’s long-term sustainability and energy security goals.

    With growing investments in battery storage across the country, the Rajasthan project underscores the increasing importance of BESS in enabling a reliable, resilient, and renewable-powered grid.

  • ENGIE, European Energy Partner on 150 MW Green Hydrogen Project in Denmark

    ENGIE, European Energy Partner on 150 MW Green Hydrogen Project in Denmark

    ENGIE and European Energy have entered into a cooperation agreement to advance the development of a large-scale renewable hydrogen project in Denmark.

    The project is designed to support the emerging European hydrogen market and contribute to the development of cross-border hydrogen infrastructure connecting Denmark and Germany. Located in Aabenraa Municipality, it will be developed near Kassø, home to the world’s first industrial-scale e-methanol plant. This existing installation is owned by Mitsui & Co. Ltd. and European Energy. The new facility will have an electrolyser capacity of up to 150 MW and is intended to connect to the future Danish-German Hydrogen Backbone infrastructure. The hydrogen produced at the site is expected to supply industrial and mobility demand in Germany and support the decarbonisation of hard-to-abate sectors while building business resilience within EU.

    The agreement establishes a framework for collaboration between the parties during the next stages of project development, including technical studies, work related to hydrogen transport. Under this agreement, ENGIE reserves the marketing right of more than 20.000 tons of renewable hydrogen per annum. The project reflects the continued maturation of the European hydrogen sector, in which renewable power production, hydrogen infrastructure, and industrial and mobility demand for green hydrogen are increasingly being developed in parallel. The project’s targeted commercial operation date is aligned with the expected commissioning of Denmark’s hydrogen backbone infrastructure around 2030.

    “We are enthusiastic about starting this collaboration with European Energy, as our two companies have strong complementarities, both geographically and across the electricity and hydrogen value chains. As a major midstreamer in Europe in both natural gas and electricity, ENGIE aims to support its clients in their decarbonization journey and to offer them renewable or low-carbon hydrogen at competitive prices. The Kassø project, developed by European Energy, a pioneering partner in the large-scale production of renewable hydrogen, will therefore enable ENGIE to strengthen its offering to its German clients from 2030 onwards,” said Henri Domenach, Managing Director of Energy Management at ENGIE.

    “We are excited to enter into cooperation with ENGIE on this next journey into making green hydrogen. This will play an important role in connecting renewable energy production with industrial decarbonisation across Europe. Through our experience with the existing Kassø facility and the production of green fuels, we believe that we are well-positioned to be able to make a great project. With ENGIE’s large expertise into connecting production and demand of renewable energy, a cooperation between ENGIE and European Energy will benefit both parties,” said Rene Alcaraz Frederiksen, EVP and Head of Power-to-X at European Energy.

  • India Needs 10 GWh of BESS to Prevent Renewable Energy Curtailment: Ember

    India needs around 10 GWh of battery energy storage capacity immediately to prevent renewable energy curtailment caused by the operational limitations of coal-fired power plants, according to a new analysis by energy think tank Ember.

    The report estimates that India curtailed nearly 2.1 TWh of renewable energy during FY26 because coal-fired generating units could not reduce output below their minimum technical load (MTL), forcing grid operators to cut solar and wind generation despite available clean power.

  • Union Minister Shri Pralhad Joshi Launches Suzlon’s S175 (5 MW) – India’s Tallest and Most Powerful Wind Turbine

    Suzlon announced the launch of India’s tallest wind turbine powerhouse, the S175 (5 MW), following its successful commissioning at Vijayanagar, Karnataka.

    The launch of S175 represents a strategic step forward in unlocking the next phase of wind growth in India. As India’s first FDRE-ready turbine, it unlocks new wind frontiers and will enable wind energy to play a larger role in India’s energy transition.

    As India’s most powerful turbine yet, S175 has been engineered on over 30 years of operational insights from Suzlon’s existing 15.5 GW turbine fleet. The integration of proven reliability and next-generation turbine technology helps it deliver higher energy generation and improved project economics for low to medium-wind regimes in India.

    With a 175-meter rotor, a 160-meter hybrid lattice tower, and a 247.5-meter blade tip height, the S175 accesses stronger, steadier wind layers for enhanced energy capture. Its advanced aerodynamics, carbon girder blade technology, and intelligent control systems deliver superior performance, making it FDRE-ready and enabling seamless participation in hybrid, RTC, and firm power solutions.

    Shri Pralhad Joshi, Union Cabinet Minister for New and Renewable Energy, said, “Suzlon has been the pride of India for the last 30 years, consistently delivering next-generation innovations that have helped in paving the growth of the entire wind energy sector. The launch of the S175 5 MW turbine will go a long way in ensuring that we meet our wind energy ambitions – both domestically and globally. This next-generation turbine reflects India’s growing strength in advanced clean energy innovation.”

    Girish Tanti, Executive Vice Chairman, Suzlon Group, said, “For over three decades, Suzlon’s relentless pursuit of excellence has ensured that we deliver market-defining product innovations to India and the world. We have always believed that the best technology is not only advanced but is also purpose-built for the market it serves. The S175 embodies this philosophy and is engineered by our R&D teams specifically for Indian wind conditions, grid realities and operating environments.

    He further added, “Its biggest breakthrough lies not just in significantly increasing energy generation but in its ability to make previously unviable wind sites viable, expanding the wind addressable markets.”