Today’s renewable energy news includes announcements from R.Power, JK Lakshmi, Elgin Energy, among others.
R.Power to Sell Stakes in 124 MWp Solar and 86 MW Battery Projects
R.Power has agreed to sell 49.9 percent stakes in a portfolio of hybrid renewable energy projects in Poland, comprising 124 MWp of photovoltaic capacity and 86 MW of battery energy storage systems (BESS). The transaction will involve a subsidiary of R.Power and follows the company’s strategy of partnering with institutional investors to finance and expand its renewable energy portfolio while retaining significant ownership in the projects. The hybrid assets will combine solar generation with battery storage, improving grid flexibility and enabling more efficient integration of renewable electricity. The deal further strengthens R.Power’s cooperation with financial investors and supports its broader expansion across European renewable energy and energy storage markets.
JK Lakshmi Cement to Invest INR 205 Million in 42 MW Solar Project
JK Lakshmi Cement plans to invest up to INR 205 million (USD 2.2 million/EUR 1.9 million) to acquire a stake in a company developing a 42 MW solar power project in India. The investment is part of the cement manufacturer’s strategy to expand its renewable energy sourcing and reduce reliance on conventional electricity. The proposed solar project will support JK Lakshmi Cement’s efforts to lower energy costs and carbon emissions while increasing the share of clean power used in its operations. The transaction highlights the growing role of India’s energy-intensive industrial companies in developing or securing dedicated renewable generation. The investment also aligns with the cement sector’s broader decarbonisation efforts and India’s continued expansion of utility-scale solar capacity.
Elgin Acquires 40.5 MWp Agrivoltaic and 20 MW Battery Project in Italy
Elgin Energy has acquired a 40.5 MWp agrivoltaic solar project co-located with a 20 MW battery energy storage system (BESS) in Italy. The acquisition expands Elgin’s European renewable energy portfolio and combines solar generation with battery storage and agricultural land use, allowing clean electricity production while maintaining agricultural activity. The integrated project is expected to improve renewable energy utilisation and provide additional flexibility to the Italian electricity grid. The transaction also strengthens Elgin Energy’s position in Italy’s growing solar and energy storage market, where hybrid projects are increasingly important for managing variable renewable generation. The development supports Italy’s decarbonisation objectives while demonstrating the potential of agrivoltaic technology combined with energy storage to maximise land and grid infrastructure utilisation.
FAHEEMA P
