NLC India is preparing to list its wholly owned renewable energy subsidiary, NLC India Renewables Limited (NIRL), through an initial public offering of around ₹4,000 crore in FY27.
As part of the preparations for the proposed listing, NLC India has executed an addendum to its existing Business Transfer Agreement to transfer 708.96 MW of renewable energy assets to NIRL. The agreement was signed on September 3, 2026, and covers renewable energy assets at different stages of construction and operation, including a 4 MW green hydrogen project.
The assets will be transferred to NIRL through a slump sale at book value. According to the company, the assets proposed for transfer had a net worth of ₹925.08 crore as of March 31, 2026. The operational renewable assets generated ₹41.16 crore in revenue from operations during FY26, accounting for around 0.24 per cent of NLC India’s consolidated revenue of ₹17,489.53 crore.
Under the proposed transaction, NIRL will settle the consideration either through cash payment or by acknowledging the debt. The transfer is expected to be completed within three months from the date of the agreement.
NLC India had earlier received in-principle approval for the proposed listing of NIRL. The renewable energy arm is being positioned as a dedicated platform for the company’s growing clean energy portfolio ahead of the proposed IPO.
The asset transfer is also aligned with NLC India’s broader renewable energy expansion plans. The company has set a target of reaching 6 GW of renewable energy capacity by 2030, with the consolidation of its renewable assets under NIRL forming part of this strategy.
NIRL has been expanding its project portfolio across solar, wind and energy storage. The subsidiary recently secured a 200 MW wind power capacity through SJVN’s auction and has also been involved in the development of large-scale renewable and storage projects.
NLC India is preparing to list its wholly owned renewable energy subsidiary, NLC India Renewables Limited (NIRL), through an initial public offering of around ₹4,000 crore in FY27.
As part of the preparations for the proposed listing, NLC India has executed an addendum to its existing Business Transfer Agreement to transfer 708.96 MW of renewable energy assets to NIRL. The agreement was signed on September 3, 2026, and covers renewable energy assets at different stages of construction and operation, including a 4 MW green hydrogen project.
The assets will be transferred to NIRL through a slump sale at book value. According to the company, the assets proposed for transfer had a net worth of ₹925.08 crore as of March 31, 2026. The operational renewable assets generated ₹41.16 crore in revenue from operations during FY26, accounting for around 0.24 per cent of NLC India’s consolidated revenue of ₹17,489.53 crore.
Under the proposed transaction, NIRL will settle the consideration either through cash payment or by acknowledging the debt. The transfer is expected to be completed within three months from the date of the agreement.
NLC India had earlier received in-principle approval for the proposed listing of NIRL. The renewable energy arm is being positioned as a dedicated platform for the company’s growing clean energy portfolio ahead of the proposed IPO.
The asset transfer is also aligned with NLC India’s broader renewable energy expansion plans. The company has set a target of reaching 6 GW of renewable energy capacity by 2030, with the consolidation of its renewable assets under NIRL forming part of this strategy.
NIRL has been expanding its project portfolio across solar, wind and energy storage. The subsidiary recently secured a 200 MW wind power capacity through SJVN’s auction and has also been involved in the development of large-scale renewable and storage projects.
Powerpulse Trading Solutions Limited to supply renewable round-the-clock power for 25 years under agreement with Maharashtra State Electricity Distribution Company
Powerpulse Trading Solutions Limited (PTSL), a wholly owned subsidiary of Adani Energy Solutions Limited, has entered into a Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2,500 MW of renewable energy round-the-clock (RTC) power for 25 years.
The agreement was signed on September 8, 2026, following the transfer of rights and obligations under the Letter of Award (LOA) originally issued by MSEDCL to Adani Power Limited (APL). The transfer was undertaken pursuant to an agreement between APL and PTSL after obtaining the requisite approvals.
The LOA for the supply of 2,500 MW of RTC power was originally issued by MSEDCL to APL and had been announced by APL on April 2, 2026. Following the assignment, PTSL entered into the PPA with MSEDCL in accordance with the terms of the LOA.
Under the PPA, the power supply will continue for 25 years from the Scheduled Commencement Date of Supply (SSD). The contract award covers the supply of 2,500 MW of renewable energy RTC power.
Adani Energy Solutions said the PPA is aligned with PTSL’s core competencies in multi-source energy aggregation, power portfolio management and power supply optimisation for its customers. The transaction is expected to strengthen PTSL’s power supply portfolio and reinforce its position in the energy solutions business.
The contract has been awarded by MSEDCL, a domestic entity, and the company has stated that neither the promoter/promoter group/group companies have any interest in the awarding entity nor does the contract fall under related-party transactions.
Powerpulse Trading Solutions Limited to supply renewable round-the-clock power for 25 years under agreement with Maharashtra State Electricity Distribution Company
Powerpulse Trading Solutions Limited (PTSL), a wholly owned subsidiary of Adani Energy Solutions Limited, has entered into a Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2,500 MW of renewable energy round-the-clock (RTC) power for 25 years.
The agreement was signed on September 8, 2026, following the transfer of rights and obligations under the Letter of Award (LOA) originally issued by MSEDCL to Adani Power Limited (APL). The transfer was undertaken pursuant to an agreement between APL and PTSL after obtaining the requisite approvals.
The LOA for the supply of 2,500 MW of RTC power was originally issued by MSEDCL to APL and had been announced by APL on April 2, 2026. Following the assignment, PTSL entered into the PPA with MSEDCL in accordance with the terms of the LOA.
Under the PPA, the power supply will continue for 25 years from the Scheduled Commencement Date of Supply (SSD). The contract award covers the supply of 2,500 MW of renewable energy RTC power.
Adani Energy Solutions said the PPA is aligned with PTSL’s core competencies in multi-source energy aggregation, power portfolio management and power supply optimisation for its customers. The transaction is expected to strengthen PTSL’s power supply portfolio and reinforce its position in the energy solutions business.
The contract has been awarded by MSEDCL, a domestic entity, and the company has stated that neither the promoter/promoter group/group companies have any interest in the awarding entity nor does the contract fall under related-party transactions.
K.P. Energy Limited (KPEL) has received a Letter of Intent (LOI) from Emmvee Energy Private Limited for setting up a 42 MW Wind-Solar Hybrid Power Project under the Group Captive arrangement in Karnataka.
The proposed project comprises 21 MW of wind capacity and 21 MWp of solar capacity, taking the aggregate project size to 42 MW. The project is proposed to be commissioned to meet the captive power requirements of Emmvee Energy Private Limited’s manufacturing facilities in Karnataka.
The LOI marks K.P. Energy’s first order in Karnataka, representing a step in the company’s geographical expansion beyond its core markets. The development also strengthens its presence in the Commercial & Industrial (C&I) and Group Captive renewable energy segment.
As per the disclosure, the order has been awarded by Emmvee Energy Private Limited, a domestic entity, and is in the form of a Letter of Intent. The aggregate order size is 42 MW, comprising 21 MW of wind and 21 MWp of solar capacity.
The project execution timeline will be determined in accordance with the timeline mutually agreed upon under the definitive agreement.
K.P. Energy Limited (KPEL) has received a Letter of Intent (LOI) from Emmvee Energy Private Limited for setting up a 42 MW Wind-Solar Hybrid Power Project under the Group Captive arrangement in Karnataka.
The proposed project comprises 21 MW of wind capacity and 21 MWp of solar capacity, taking the aggregate project size to 42 MW. The project is proposed to be commissioned to meet the captive power requirements of Emmvee Energy Private Limited’s manufacturing facilities in Karnataka.
The LOI marks K.P. Energy’s first order in Karnataka, representing a step in the company’s geographical expansion beyond its core markets. The development also strengthens its presence in the Commercial & Industrial (C&I) and Group Captive renewable energy segment.
As per the disclosure, the order has been awarded by Emmvee Energy Private Limited, a domestic entity, and is in the form of a Letter of Intent. The aggregate order size is 42 MW, comprising 21 MW of wind and 21 MWp of solar capacity.
The project execution timeline will be determined in accordance with the timeline mutually agreed upon under the definitive agreement.
As India’s digital economy expands, IT data center must manage rapidly rising electricity demand while guaranteeing uninterrupted operation. For these energy-intensive, mission-critical facilities, even a brief power interruption can disrupt essential services and threaten business continuity.
Solis addressed this challenge by commissioning its first EverCore Energy Storage System (ESS) project in India — an integrated solar-plus-storage solution for a software IT data center in Chennai, Tamil Nadu, developed in collaboration with Inforce Engineering Solutions LLP (Inforce Solar).
What Is SolisStorage EverCore?
SolisStorage EverCore is the commercial and industrial (C&I) battery energy storage product line. Each EverCore unit delivers 261 kWh of storage and is engineered to pair with Solis hybrid inverters, allowing businesses to capture surplus solar energy and dispatch it when needed. In this project, four EverCore units run in parallel to provide reliable, flexible backup and peak-shaving capacity for the data center.
During daylight, the rooftop array generates solar power; surplus energy is stored in the EverCore batteries and released when demand peaks or grid conditions require — maximizing on-site renewable self-consumption throughout daily operations.
How the Project Reduces Diesel Dependency
Data centers have traditionally relied on diesel generators for backup power. Rising fuel costs and corporate sustainability targets are pushing operators toward cleaner alternatives. By integrating solar PV with battery storage, this system adds a low-carbon energy resource that can reduce diesel-generator runtime under suitable operating conditions.
·Renewable optimization — maximizes on-site solar utilization
·Peak-demand management — supplies stored energy during high-tariff periods
·Operational flexibility — enables smarter, automated energy scheduling
·Lower carbon impact — cuts fuel consumption and diesel-generator usage
Why This Matters for India’s C&I Storage Market
India’s commercial and industrial sectors are rapidly adopting renewable energy to manage rising demand, grid instability, and sustainability commitments. The successful Chennai deployment demonstrates how integrated solar-plus-storage supports critical infrastructure and helps businesses extract more value from renewable investments. By combining hybrid-inverter technology, intelligent energy management, and modular storage design, Solis is expanding access to resilient, lower-carbon power for Indian industry.
Solis’s Commitment
“As India transitions toward a cleaner, more resilient energy future, Solis remains committed to delivering innovative energy-storage solutions that give industries smarter, safer and more sustainable power management.”
— said Honey Raza, Country Manager, Solis India
Frequently Asked Questions (FAQ)
Q: What is the SolisStorgae EverCore IT data center project?
A: It is Solis’s first EverCore battery storage deployment in India — a 1.04 MWh solar-plus-storage system for a software data center in Chennai, Tamil Nadu, built with partner Inforce Solar.
Q: What is the storage capacity of the Solis EverCore IT data center system?
A: The system provides 500 kW of power output and 1.04 MWh of energy capacity, built from four 261 kWh EverCore units.
Q: How does Solis EverCore help data centers reduce diesel use?
A: By storing excess solar energy and discharging it during peak demand or grid outages, EverCore lowers reliance on diesel backup generators and reduces fuel consumption and carbon emissions.
Q: Who partnered with Solis on this project?
A: Inforce Engineering Solutions LLP, also known as Inforce Solar.
Q: What inverters does the Solis EverCore system use?
A: Four Solis S6-EH3P125K10-NV-YD-H hybrid inverters.
As India’s digital economy expands, IT data center must manage rapidly rising electricity demand while guaranteeing uninterrupted operation. For these energy-intensive, mission-critical facilities, even a brief power interruption can disrupt essential services and threaten business continuity.
Solis addressed this challenge by commissioning its first EverCore Energy Storage System (ESS) project in India — an integrated solar-plus-storage solution for a software IT data center in Chennai, Tamil Nadu, developed in collaboration with Inforce Engineering Solutions LLP (Inforce Solar).
What Is SolisStorage EverCore?
SolisStorage EverCore is the commercial and industrial (C&I) battery energy storage product line. Each EverCore unit delivers 261 kWh of storage and is engineered to pair with Solis hybrid inverters, allowing businesses to capture surplus solar energy and dispatch it when needed. In this project, four EverCore units run in parallel to provide reliable, flexible backup and peak-shaving capacity for the data center.
During daylight, the rooftop array generates solar power; surplus energy is stored in the EverCore batteries and released when demand peaks or grid conditions require — maximizing on-site renewable self-consumption throughout daily operations.
How the Project Reduces Diesel Dependency
Data centers have traditionally relied on diesel generators for backup power. Rising fuel costs and corporate sustainability targets are pushing operators toward cleaner alternatives. By integrating solar PV with battery storage, this system adds a low-carbon energy resource that can reduce diesel-generator runtime under suitable operating conditions.
·Renewable optimization — maximizes on-site solar utilization
·Peak-demand management — supplies stored energy during high-tariff periods
·Operational flexibility — enables smarter, automated energy scheduling
·Lower carbon impact — cuts fuel consumption and diesel-generator usage
Why This Matters for India’s C&I Storage Market
India’s commercial and industrial sectors are rapidly adopting renewable energy to manage rising demand, grid instability, and sustainability commitments. The successful Chennai deployment demonstrates how integrated solar-plus-storage supports critical infrastructure and helps businesses extract more value from renewable investments. By combining hybrid-inverter technology, intelligent energy management, and modular storage design, Solis is expanding access to resilient, lower-carbon power for Indian industry.
Solis’s Commitment
“As India transitions toward a cleaner, more resilient energy future, Solis remains committed to delivering innovative energy-storage solutions that give industries smarter, safer and more sustainable power management.”
— said Honey Raza, Country Manager, Solis India
Frequently Asked Questions (FAQ)
Q: What is the SolisStorgae EverCore IT data center project?
A: It is Solis’s first EverCore battery storage deployment in India — a 1.04 MWh solar-plus-storage system for a software data center in Chennai, Tamil Nadu, built with partner Inforce Solar.
Q: What is the storage capacity of the Solis EverCore IT data center system?
A: The system provides 500 kW of power output and 1.04 MWh of energy capacity, built from four 261 kWh EverCore units.
Q: How does Solis EverCore help data centers reduce diesel use?
A: By storing excess solar energy and discharging it during peak demand or grid outages, EverCore lowers reliance on diesel backup generators and reduces fuel consumption and carbon emissions.
Q: Who partnered with Solis on this project?
A: Inforce Engineering Solutions LLP, also known as Inforce Solar.
Q: What inverters does the Solis EverCore system use?
A: Four Solis S6-EH3P125K10-NV-YD-H hybrid inverters.
As India’s digital economy expands, IT data center must manage rapidly rising electricity demand while guaranteeing uninterrupted operation. For these energy-intensive, mission-critical facilities, even a brief power interruption can disrupt essential services and threaten business continuity.
Solis addressed this challenge by commissioning its first EverCore Energy Storage System (ESS) project in India — an integrated solar-plus-storage solution for a software IT data center in Chennai, Tamil Nadu, developed in collaboration with Inforce Engineering Solutions LLP (Inforce Solar).
What Is SolisStorage EverCore?
SolisStorage EverCore is the commercial and industrial (C&I) battery energy storage product line. Each EverCore unit delivers 261 kWh of storage and is engineered to pair with Solis hybrid inverters, allowing businesses to capture surplus solar energy and dispatch it when needed. In this project, four EverCore units run in parallel to provide reliable, flexible backup and peak-shaving capacity for the data center.
During daylight, the rooftop array generates solar power; surplus energy is stored in the EverCore batteries and released when demand peaks or grid conditions require — maximizing on-site renewable self-consumption throughout daily operations.
How the Project Reduces Diesel Dependency
Data centers have traditionally relied on diesel generators for backup power. Rising fuel costs and corporate sustainability targets are pushing operators toward cleaner alternatives. By integrating solar PV with battery storage, this system adds a low-carbon energy resource that can reduce diesel-generator runtime under suitable operating conditions.
·Renewable optimization — maximizes on-site solar utilization
·Peak-demand management — supplies stored energy during high-tariff periods
·Operational flexibility — enables smarter, automated energy scheduling
·Lower carbon impact — cuts fuel consumption and diesel-generator usage
Why This Matters for India’s C&I Storage Market
India’s commercial and industrial sectors are rapidly adopting renewable energy to manage rising demand, grid instability, and sustainability commitments. The successful Chennai deployment demonstrates how integrated solar-plus-storage supports critical infrastructure and helps businesses extract more value from renewable investments. By combining hybrid-inverter technology, intelligent energy management, and modular storage design, Solis is expanding access to resilient, lower-carbon power for Indian industry.
Solis’s Commitment
“As India transitions toward a cleaner, more resilient energy future, Solis remains committed to delivering innovative energy-storage solutions that give industries smarter, safer and more sustainable power management.”
— said Honey Raza, Country Manager, Solis India
Frequently Asked Questions (FAQ)
Q: What is the SolisStorgae EverCore IT data center project?
A: It is Solis’s first EverCore battery storage deployment in India — a 1.04 MWh solar-plus-storage system for a software data center in Chennai, Tamil Nadu, built with partner Inforce Solar.
Q: What is the storage capacity of the Solis EverCore IT data center system?
A: The system provides 500 kW of power output and 1.04 MWh of energy capacity, built from four 261 kWh EverCore units.
Q: How does Solis EverCore help data centers reduce diesel use?
A: By storing excess solar energy and discharging it during peak demand or grid outages, EverCore lowers reliance on diesel backup generators and reduces fuel consumption and carbon emissions.
Q: Who partnered with Solis on this project?
A: Inforce Engineering Solutions LLP, also known as Inforce Solar.
Q: What inverters does the Solis EverCore system use?
A: Four Solis S6-EH3P125K10-NV-YD-H hybrid inverters.
As India’s digital economy expands, IT data center must manage rapidly rising electricity demand while guaranteeing uninterrupted operation. For these energy-intensive, mission-critical facilities, even a brief power interruption can disrupt essential services and threaten business continuity.
Solis addressed this challenge by commissioning its first EverCore Energy Storage System (ESS) project in India — an integrated solar-plus-storage solution for a software IT data center in Chennai, Tamil Nadu, developed in collaboration with Inforce Engineering Solutions LLP (Inforce Solar).
What Is SolisStorage EverCore?
SolisStorage EverCore is the commercial and industrial (C&I) battery energy storage product line. Each EverCore unit delivers 261 kWh of storage and is engineered to pair with Solis hybrid inverters, allowing businesses to capture surplus solar energy and dispatch it when needed. In this project, four EverCore units run in parallel to provide reliable, flexible backup and peak-shaving capacity for the data center.
During daylight, the rooftop array generates solar power; surplus energy is stored in the EverCore batteries and released when demand peaks or grid conditions require — maximizing on-site renewable self-consumption throughout daily operations.
How the Project Reduces Diesel Dependency
Data centers have traditionally relied on diesel generators for backup power. Rising fuel costs and corporate sustainability targets are pushing operators toward cleaner alternatives. By integrating solar PV with battery storage, this system adds a low-carbon energy resource that can reduce diesel-generator runtime under suitable operating conditions.
·Renewable optimization — maximizes on-site solar utilization
·Peak-demand management — supplies stored energy during high-tariff periods
·Operational flexibility — enables smarter, automated energy scheduling
·Lower carbon impact — cuts fuel consumption and diesel-generator usage
Why This Matters for India’s C&I Storage Market
India’s commercial and industrial sectors are rapidly adopting renewable energy to manage rising demand, grid instability, and sustainability commitments. The successful Chennai deployment demonstrates how integrated solar-plus-storage supports critical infrastructure and helps businesses extract more value from renewable investments. By combining hybrid-inverter technology, intelligent energy management, and modular storage design, Solis is expanding access to resilient, lower-carbon power for Indian industry.
Solis’s Commitment
“As India transitions toward a cleaner, more resilient energy future, Solis remains committed to delivering innovative energy-storage solutions that give industries smarter, safer and more sustainable power management.”
— said Honey Raza, Country Manager, Solis India
Frequently Asked Questions (FAQ)
Q: What is the SolisStorgae EverCore IT data center project?
A: It is Solis’s first EverCore battery storage deployment in India — a 1.04 MWh solar-plus-storage system for a software data center in Chennai, Tamil Nadu, built with partner Inforce Solar.
Q: What is the storage capacity of the Solis EverCore IT data center system?
A: The system provides 500 kW of power output and 1.04 MWh of energy capacity, built from four 261 kWh EverCore units.
Q: How does Solis EverCore help data centers reduce diesel use?
A: By storing excess solar energy and discharging it during peak demand or grid outages, EverCore lowers reliance on diesel backup generators and reduces fuel consumption and carbon emissions.
Q: Who partnered with Solis on this project?
A: Inforce Engineering Solutions LLP, also known as Inforce Solar.
Q: What inverters does the Solis EverCore system use?
A: Four Solis S6-EH3P125K10-NV-YD-H hybrid inverters.
