The latest renewable energy news includes announcements on ReNew, European Energy, PGE, Electrotim, and others.
ReNew Plans ₹9,000 Crore Investment in 1,500 MW Pumped Hydro Storage Project in Odisha
ReNew has signed a memorandum of understanding with the Odisha government for a 1,500 MW pumped hydro storage project at Putabali in Ganjam district. The proposed investment is approximately ₹9,000 crore. The agreement was signed during the Bharat Renewable Energy Summit 2026, attended by Odisha Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo. The project forms part of ReNew’s wider investment programme in Odisha, valued at approximately ₹45,000 crore.
European Energy Agrees to Sell 50 Percent Stake in 323 MW Danish Solar Portfolio
Danish renewable-energy developer European Energy has agreed to sell a 50 percent ownership interest in a 323 MW solar portfolio and an associated battery energy storage project in Denmark. The buyers are Danish pension provider Sampension and three investment funds administered by Sampension and a life insurer. Announced November 9, the transaction establishes a shared ownership structure for the renewable-energy assets. The portfolio’s disclosed solar capacity totals 323 MW, while the transaction also includes a storage development.
PGE Awards Electrotim Contract for Four Battery Storage Projects Totalling 372 MWh in Poland
Polish electricity utility PGE, through its renewable-energy subsidiary, has selected Electrotim SA to construct four battery energy storage facilities with combined capacity of 372 MWh. The contract was reported November 9. Electrotim is a Polish electrical engineering and infrastructure contractor. The agreement covers four separate installations rather than one centralised battery project. The disclosed 372 MWh represents their combined energy storage capacity.
