The latest renewable energy news includes announcements from Green Energy Corridor, Actis, Leo Energies, KPI Green Energy, and others.
India Approves ₹1.86 Lakh Crore Green Energy Corridor for 135 GW Renewables and 50 GWh Storage
India’s Union Cabinet has approved Green Energy Corridor Phase III with an outlay of ₹1,86,405 crore, targeting transmission infrastructure capable of evacuating 135 GW of renewable energy and deployment of 50 GWh of battery storage. The programme allocates ₹1,36,378 crore to intra-state transmission systems and ₹50,000 crore to BESS, backed by ₹54,082 crore of central financial assistance. Greenfield transmission projects will use tariff-based competitive bidding, while upgrades can follow a cost-plus model. State transmission utilities will coordinate implementation. Completion is targeted by FY2032-33, supporting India’s longer-term goal of reaching 900 GW of installed non-fossil generation capacity by 2035. India Today
Actis Launches Leo Energies with Target of More Than 3 GW Solar, Wind and Battery Capacity
Actis has launched Leo Energies, its fourth renewable-energy platform in India, targeting more than 3 GW of solar, onshore wind and battery-storage capacity. Leo has signed agreements covering approximately 650 MWp of operating solar assets across Rajasthan, Tamil Nadu, Gujarat, Karnataka and Andhra Pradesh. Transactions covering around 160 MWp of generation and 50 MWh of BESS have already closed, including 110 MWp plus 50 MWh acquired from TrueRE Oriana Power. The projects have long-term PPAs with government and commercial customers. Actis has invested approximately $1.5 billion of equity in India’s energy sector and has built or operated nearly 10 GW of generation capacity. Actis
KPI Green Energy to Acquire 507.9 MW Gujarat Wind Portfolio for ₹2,410 Crore
KPI Green Energy has signed a binding offer to acquire 100 percent of Alfanar Energy and Netra Wind, which own 507.9 MW of operational wind farms at Bhuj in Gujarat, for an enterprise value of approximately ₹2,410 crore. Alfanar Energy owns 301.4 MW and Netra Wind owns 206.5 MW. Both portfolios sell electricity to the Solar Energy Corporation of India under 25-year PPAs, leaving approximately 21 years of contracted life on a capacity-weighted basis. The acquisition would increase KPI Green’s installed IPP capacity from approximately 1.16 GW to 1.67 GW. Completion is targeted by February 28, 2027, subject to approvals.
