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Recent Current Affairs related to Renewable

3 News
12 June 2026 BUSINESS

The International Finance Corporation (IFC), an arm of the World Bank Group, along with global investors, has committed $105 million to Hygenco Green Energies Pvt Ltd to accelerate green hydrogen development in India.

This marks the first direct green hydrogen investment in India for the IFC, Siemens, and Fullerton. The total funding includes $50 million from the IFC, $25 million from Siemens, and up to $30 million from Fullerton.

1 June 2026 AGREEMENTS

Vinod Saxena, the Lieutenant Governor (LG) of Ladakh, has approved a 5-year extension of the MoU with the Oil and Natural Gas Corporation (ONGC) for the development of the first geothermal power project in India.

Under the agreement, the ONGC will construct a 1 MWe pilot geothermal power plant in the Puga Valley of eastern Ladakh, at an altitude of over 14,000 ft.

26 May 2026 AGREEMENTS

The UK-based British International Investment (BII) has partnered with Denmark-based Copenhagen Infrastructure Partners (CIP) to launch “North Star”, a $300 million Renewable Energy (RE) platform to support the clean energy transition of India.

Under the partnership, BII and CIP, through the Growth Markets Fund II (GMF II), will each invest up to $150 million in the platform to support solar, wind, hybrid, and storage RE projects in India. The platform is projected to generate over 4 million Megawatt-hours (MWh) of clean energy annually while preventing 4 million tonnes of carbon emissions each year.

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