ACME Solar Holdings Ltd. has made significant strides in expanding its renewable energy capacity in India. On October 22, 2025, the company commissioned the first 28 MW phase of its 100 MW wind power project in Surendranagar, Gujarat. The project, known as ACME Ecoclean, features SANY 4 MW turbines and is financed by Power Finance Corporation (PFC). The power generated will be supplied to Gujarat Urja Vikas Nigam Ltd. under a 25-year Power Purchase Agreement (PPA).

Upon full commissioning, ACME Solar’s total renewable capacity will increase from 2,890 MW to 2,918 MW. This development is a notable step forward in India’s renewable energy ambitions. The company has also signed a 25-year PPA with Tata Power Company Ltd. (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project. The PPA has been signed at a tariff of INR 4.43 per unit, with a minimum annual Capacity Utilisation Factor (CUF) of 40 percent and four hours of peak-hour supply with 90 percent availability on a monthly basis.

The FDRE project will combine multiple renewable energy technologies, including solar and Battery Energy Storage System (BESS), to meet the supply obligations as per the PPA. This milestone marks a significant achievement for ACME Solar, which has signed PPAs for a cumulative capacity of 600 MW and 550 MWh of standalone BESS projects in the current financial year. The company’s diversified portfolio spans solar, wind, storage, FDRE, and hybrid solutions, and it leverages its in-house EPC and O&M capabilities to execute projects efficiently while maintaining industry-leading performance.

These recent developments underscore ACME Solar’s expanding role in supporting India’s renewable energy ambitions. The company’s commitment to renewable energy is evident in its efforts to expand its capacity and provide clean energy solutions. With its strong portfolio and capabilities, ACME Solar is well-positioned to play a significant role in India’s transition to a more sustainable energy mix. As the country continues to strive for a cleaner and more sustainable energy future, companies like ACME Solar are leading the way in driving growth and innovation in the renewable energy sector.

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has signed a power purchase agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW firm and dispatchable renewable energy (FDRE) project. The project will integrate solar, wind, and battery storage and is expected to be completed within 24 months. Once operational, it will generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tonnes of carbon dioxide emissions per year.

A key feature of the project is its ability to provide a four-hour peak power supply with 90% availability during peak demand hours. The clean energy generated will be integrated into Tata Power’s Mumbai distribution network, catering to around 800,000 residential, commercial, and industrial customers. This project will help Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State’s Regulatory Commission.

With the addition of this PPA, TPREL’s total renewable utility capacity now stands at 11.3 GW, with 9.4 GW under PPAs and 5.7 GW under implementation. The company’s operational capacity is 5.6 GW, comprising 4.6 GW of solar and 1 GW of wind power. TPREL also has a significant solar EPC portfolio, including 15.7 GWp utility-scale projects and 3 GW of rooftop and distributed systems.

The project is a significant step towards increasing the use of renewable energy in India and reducing carbon emissions. As the world transitions towards cleaner and more sustainable energy sources, such initiatives are crucial in mitigating climate change. The completion of this project is expected to have a positive impact on the environment and contribute to India’s renewable energy goals. With its strong portfolio and commitment to renewable energy, TPREL is poised to play a major role in shaping India’s energy landscape.

The announcement of this project comes at a time when the importance of renewable energy is being increasingly recognized. As the demand for clean energy continues to grow, companies like TPREL are at the forefront of this transition, driving innovation and investment in the sector. The success of this project will not only benefit the environment but also contribute to the growth and development of the renewable energy industry in India.

The project’s ability to provide firm and dispatchable power will also help to address the intermittency challenges associated with renewable energy sources. The integration of battery storage will enable the project to supply power during peak demand hours, reducing the strain on the grid and providing a reliable source of clean energy. Overall, this project is a significant step forward in India’s transition to a more sustainable and renewable energy-based economy.

Jamsetji Tata’s vision of harnessing the Western Ghats’ rivers to power India’s industrial growth led to the establishment of Tata Power’s first hydroelectric plant at Khopoli in 1915. This marked the beginning of the company’s journey, which has since expanded through various landmark projects across the country. Throughout its growth, Tata Power has struck a balance between meeting the nation’s energy security needs and embracing environmental responsibility.

In addition to building infrastructure, Tata Power has been committed to corporate social responsibility (CSR) in India, focusing on uplifting the lives of communities surrounding its operations. The company’s progress is measured not only in terms of megawatts but also in terms of meaningful social transformation. This philosophy is reflected in its wide range of CSR initiatives, which cater to diverse sectors such as inclusion, empowerment, and education.

Some notable CSR initiatives include Pay Autention, which promotes inclusion for neurodiverse individuals, and Adhikaar, which empowers women entrepreneurs. Other initiatives, such as Roshni, Club Enerji, and Aabha, focus on building green economy skills, promoting energy conservation and STEM learning, and strengthening women-led self-help groups, respectively. These initiatives demonstrate the lasting impact of Tata Power’s CSR philosophy and its commitment to creating a positive difference in the communities it operates in.

The Tata Power Community Development Trust supports a larger ecosystem of CSR projects in India, focusing on health, education, environment, and livelihoods. Through these programs, Tata Power has established itself as one of the best CSR companies in India, offering inclusive community volunteering opportunities and creating lasting value through trusted CSR employability programs and environment projects. By advancing both energy access and social equity, Tata Power continues to drive holistic community development in India, with a deep focus on inclusion, opportunity, and nation-building. Overall, the company’s CSR efforts have made a significant impact on the lives of people in India, and its commitment to social responsibility is a testament to its enduring vision and philosophy.

Tata Power Renewable Energy, a subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with Bank of Baroda (BoB) to finance solar power projects for Micro, Small, and Medium Enterprises (MSMEs). The partnership aims to encourage MSMEs to adopt renewable energy and reduce their operating costs. Under the agreement, BoB will provide loans to MSMEs to purchase solar power equipment and set up projects of up to 10 MW through Tata Power Renewable Energy or its authorized channel partners.

The loans will be collateral-free, with amounts of up to Rs 10 crore available under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage. The interest rate on these loans will start at 7.75 percent, with flexible repayment tenure of up to 120 months. Additionally, MSMEs will benefit from pan-India financing coverage, reduced margin requirements, and concessional processing fees.

Tata Power is aggressively expanding its renewable energy capacity, with a total capacity of 5.6 GW. The company’s renewable energy arm, Tata Power Renewable Energy Ltd, has completed over 2.49 lakh rooftop solar installations in India. This partnership with BoB is expected to further boost the adoption of renewable energy among MSMEs, which will not only reduce their operating costs but also contribute to India’s sustainable energy goals.

The initiative is a significant step forward in promoting the use of renewable energy among MSMEs, which are a crucial sector in the Indian economy. By providing easy access to financing and making solar power more affordable, Tata Power and BoB are helping to create a more sustainable future for these businesses. The partnership is also expected to help India achieve its renewable energy targets, which are critical for reducing the country’s carbon footprint and mitigating the impact of climate change.

Overall, the MoU between Tata Power Renewable Energy and Bank of Baroda is a positive development for the renewable energy sector in India, and it is expected to have a significant impact on the adoption of solar power among MSMEs. With its focus on sustainability and reducing operating costs, this initiative is a win-win for both the businesses and the environment.

The winners of a recent award have been announced, recognizing individuals and organizations that are making a positive impact on human and planet health. In its 6th year, the awards honored a diverse range of winners, each with their own unique contribution to society.

Awardees included Mitti Café, a café run by persons with disabilities, and Yash Charitable Trust, which provides skill development and employment programs for neurodiverse individuals. Dr. Karishma Kirti, a breast cancer surgeon, was recognized for her efforts to raise awareness about early detection of breast cancer. Aaroha Music Therapy, which uses music to help patients with pain, cancer, and sleep issues, was also honored.

Other winners included GoodKarma Farms, a center for regenerative agricultural practices, and N S. Naveen, a lupus warrior who creates awareness about movement and mobility. Pawdopt, a rescue and rehabilitation shelter for animals, and Millet Tribe by Sonia Luthra, which promotes awareness about healthy eating, were also recognized.

Additionally, Thepla House by Tejal, which promotes vegetarian home-cooked meals, and Tata Power, which has made an impact on autism through their “Pay Autention” program, were awarded. Imaara Foundation, an NGO that provides support to victims of sexual and gender-based violence, and Sisters Living Works, a suicide prevention NGO, were also honored.

These winners are making a significant impact on human and planet health, addressing issues such as disability, neurodiversity, cancer, mental health, agriculture, and animal welfare. Their work is crucial in these challenging times, when human and planet degradation is on the rise. By recognizing and celebrating their efforts, the awards aim to inspire and motivate others to make a positive difference in the world. Overall, the winners are a testament to the power of innovation, dedication, and compassion in creating a better world for all.

Tata Power’s Chief Financial Officer, Sanjeev Churiwala, has been awarded the prestigious ‘CFO of the Year’ award by the Confederation of Indian Industry (CII) at the 4th Edition of the CII CFO Excellence Awards 2024-2025. The award was presented to him in Hyderabad in the presence of dignitaries, industry leaders, and policymakers. This recognition highlights Churiwala’s outstanding contribution to driving financial excellence, sustainable growth, and strategic value creation at Tata Power.

Churiwala, a chartered accountant with an Executive MBA from London Business School, has over 30 years of experience in driving transformation, governance, and long-term value creation. Under his leadership, Tata Power has strengthened its financial resilience, advanced digital transformation in finance, and aligned capital allocation with its long-term clean energy ambitions. The award acknowledges his expertise in mergers and acquisitions, fundraising, and creating a comprehensive green energy platform.

The CII CFO Excellence Awards are considered one of the most respected recognitions for finance leaders in India. The winners are chosen through a rigorous evaluation process that assesses leadership in governance, innovation, sustainability, digital transformation, and ethical practices. The award reflects the broader endorsement of Tata Power’s purpose-led approach, which prioritizes financial stewardship alongside building a greener and more inclusive future.

The recognition of Churiwala’s work is a testament to Tata Power’s commitment to sustainable growth and financial excellence. As the company continues to drive its clean energy ambitions, Churiwala’s leadership will play a crucial role in shaping its financial strategy and ensuring long-term value creation. The award is a significant achievement for Churiwala and Tata Power, and it underscores the company’s position as a leader in India’s energy sector.

The CII CFO Excellence Awards are decided by an independent jury, and the assessment process is designed to look beyond financial results to include a range of factors that contribute to a company’s success. The award is a fitting recognition of Churiwala’s achievements and a reflection of Tata Power’s commitment to excellence in finance and sustainability. With this award, Churiwala joins a prestigious group of finance leaders who have been recognized for their outstanding contributions to their organizations and the industry as a whole.