Renewable energy news: Cairn Oil, Waaree Energies, Velocys, Varhad

Today’s renewable energy news is marked by significant developments from several key players in the industry, including Cairn Oil, Waaree Energies, Velocys, and Varhad. These announcements highlight the growing momentum toward clean energy solutions and sustainable practices across various sectors.

Cairn Oil & Gas has made a strategic move toward clean energy by signing a 25MW renewable energy power purchase agreement (PPA) with Serentica Renewables. The deal aims to supply clean electricity to Cairn’s operations in India, aligning with the company’s strategy to reduce carbon emissions and transition to more sustainable energy sources. This agreement underscores the increasing adoption of renewable PPAs among corporations, enabling them to secure cost-effective and reliable power while mitigating exposure to fossil fuel price volatility. It also reflects a broader trend in energy procurement innovation, helping industrial players integrate green energy into their core operations. The partnership between Cairn Oil and Serentica Renewables strengthens India’s renewable energy ecosystem, contributing to environmental benefits, improved energy efficiency, and supporting long-term sustainability and decarbonisation goals.

In another development, Waaree Energies has expanded its solar manufacturing capabilities with the commissioning of a 3,000 MW solar module facility in Kutch, Gujarat. The plant, operated by Waaree’s subsidiary Sangam Solar One Private Limited, features four production lines of 750 MW each and began operations on April 6, 2026. This milestone represents a significant scale-up from earlier expansions at the same site, where capacity had already reached 3 GW through phased additions. The new facility supports India’s efforts to localise solar equipment manufacturing and reduce import dependence, while positioning Waaree Energies to meet the rising domestic and global demand for high-efficiency solar modules. This expansion not only bolsters India’s renewable energy infrastructure but also enhances the country’s energy security and reduces its reliance on imported solar equipment.

Meanwhile, Velocys and Varhad Capital Pvt Ltd have signed a Memorandum of Understanding to develop biomass-to-Sustainable Aviation Fuel (SAF) production in India. This partnership aims to scale the production of biomass-based SAF, a critical step toward reducing greenhouse gas emissions in the aviation sector. SAF is considered a key enabler for achieving net-zero carbon targets in the aviation industry, as it can significantly reduce the carbon footprint of aircraft operations. The collaboration between Velocys and Varhad Capital represents a significant investment in sustainable aviation fuels, with the potential to drive innovation and create new business opportunities in the region.

These developments from Cairn Oil, Waaree Energies, Velocys, and Varhad are part of a broader trend toward renewable energy adoption and sustainable practices across various industries. As the world continues to grapple with climate change and the need for cleaner energy solutions, these announcements serve as a testament to the growing commitment of corporations and governments to transition toward a more sustainable future. The increasing integration of renewable energy into industrial operations, the expansion of local manufacturing capabilities, and the development of sustainable aviation fuels are all critical steps toward achieving global decarbonisation goals and ensuring a cleaner, more sustainable energy landscape for the future.