Green power on super-fast track
Adani Green Energy has taken eight years to go beyond 10 GW capacity in renewable energy. The next 10 GW will, however, take just two years. The Adani Group company, which has an operational capacity of 10.93 GW, is looking to add 6 GW in FY25 and 6-8 GW every year thereafter.

ITI Limited secures ₹37.5 crore for solar street light systems in Bihar
 

Vikram Solar bags order to supply 397.7 MWp solar modules to NTPC's Khavda project in Gujarat

Enfinity Global enters into $135 mn financing for 1.2 GW of solar and wind projects in India
New Delhi: US-based renewable energy (RE) company Enfinity Global Inc. on Thursday announced that it has signed a deal for $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India.

Reliance completes sale of REC Solar Norway
New Delhi: Reliance Industries Ltd on Thursday said it has completed the sale of REC Solar Norway AS to Oslo-listed Elkem ASA for around $22 million. Reliance Industries is a wholly-owned unit of REC Solar Holdings and is involved in the manufacturing of kerf-based polysilicon in the Scandinavian country.

Enfinity Global ties up $135 million financing for 1.2 GW RE projects
New Delhi: Enfinity Global said on Thursday, that, it has signed $135 million in financing for the development and construction of 1.2 gigawatts (GW) of solar and wind projects in India.

After rooftop scheme, plan in works to drive solar pumps

Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power

India leader in Green Energy Affordability, says MNRE Secretary

Green power on super-fast track
ReNew last week said it has signed five power purchase agreements (PPAs) totalling 2.2 GW of green capacity, expanding its fully contracted renewable energy portfolio."Ourfocus is now on efficient execution, so that we reach the 20 GW mark by 2027-287 Sumant Sinha, founder, chairman and CEO, of ReNew said. 

ReNew and Societe Generale signs MoU for energy transition projects of $1 billion over 3 years
ReNew, Societe Generale ink MoU to provide up to $1-b financing for energy transition projects
The Hindu Business Line

Amplus commissions third open access solar power plant in Uttar Pradesh
 

How are schemes for promoting solar power doing?
Using solar energy for electricity generation is gaining traction in India. According to Ember’s Global Electricity Review 2024, India utilizes 113 Terawatt (TWh) of solar energy in its electricity generation. China holds the first position with 584 TWh, while the United States holds the second position with 238 TWh.

AP Moller, I Squared in race to buy stake in green business of InoxGFL's Jains

Building tomorrow: Integrating solar roofing into modern construction
The solar revolution around the world has altered the status quo. Governments and industries continue to introduce policies that tilt towards reduced use of fossils and increased adoption of renewable energy, specifically solar power. In India, the case for solar energy has continued to permeate different industries as the nation strives to achieve 50% renewable energy capacity by 2030. 

Bengal lagging in harnessing renewable energy potential: Study
Kolkata: West Bengal's progress in clean electricity generation has been slower than other states, as it harnessed just 8 per cent of its renewable energy potential till February this year, according to a new study.

KPI Green Energy board okays plan to raise up to Rs 1,000 cr

Tata Power Group starts solar module production in the TN facility
Chennai: Tata Power Group’s arm Tata Power Renewable Energy Ltd has started commercial production of solar modules from its new plant in Tamil Nadu, with the solar cell production set to commence next month. This development is expected to boost several capacity-addition projects that require locally manufactured products.

Amplus Solar aims at 2 GW RE capacity by December
Amplus Solar plans to have 2 GW of cumulative renewable energy capacity, across solar and wind power, by the end of 2024, managing director and CEO Sharad Pungalia said. Moreover, the company also plans to expand its portfolio to include battery storage energy systems (BESS) in order to provide round-the-clock energy solutions. It will continue to look at other avenues, including green fuel or distributed green hydrogen to promote green transition.

Nayara Energy to set up two ethanol plants for ₹600 crore

KPI Green Energy board okays plan to raise up to ₹1,000 crore

We will become a 10 GW renewable player in the industry: SAEL’s CIO

Amplus Solar aims at 2 GW RE capacity by December
Amplus Solar plans to have 2 GW of cumulative renewable energy capacity, across solar and wind power, by the end of 2024, managing director and CEO Sharad Pungalia said. Moreover, the company also plans to expand its portfolio to include battery storage energy systems (BESS) in order to provide round-the-clock energy solutions. It will continue to look at other avenues, including green fuel or green hydrogen to promote green transition.

SAIL-Bhilai to set up Chhattisgarh's first 15-Mw floating solar plant

“In a major step towards this, Bhilai Steel Plant has taken up the project of installation of a 15 MW capacity floating solar plant in its Maroda-1 reservoir,” a BSP spokesperson said. The project is being implemented through NTPC-SAIL Power Supply Company Limited (NSPCL), a 50:50 joint venture company of National Thermal Power Corporation (NTPC) and SAIL. The solar plant will be set up in Durg district.

Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power
The central government’s rooftop solar subsidy scheme for households could present a $1 billion-plus business opportunity for Tata Power, the company’s managing director Praveer Sinha said. The opportunity will play out over the coming three years, as the company looks to corner a fifth of the domestic market for solar modules, Sinha added.

Servotech Power Systems Q4 net profit falls to INR 3.45 crore
New Delhi, Servotech Power Systems has reported a 43% fall in its consolidated net profit to INR 3.45 crore in the fourth quarter ended March 31, 2024, dragged by higher expenses. It had posted a profit of INR 6.05 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing on Thusrday.

Grew Energy to set up 3.2 GW module plant in J&K

India's solar power subsidies for homes face scepticism

Tata Power Q4 Results Live : profit rise by 15.11% YOY
Tata Power Q4 Results Live : Tata Power declared their Q4 results on 08 May, 2024. The topline increased by 27.24% & the profit increased by 15.11% YoY.

ReNew signs 2.2 GW of PPAs, including 1 GW of FDRE
ReNew on Thursday said that it has signed five Power Purchase Agreements (PPAs) totalling around 2.2 gigawatts (GW) of Renewable Energy (RE) capacity expanding its fully contracted renewable energy portfolio Post the inking of PPAs, ReNew’s overall portfolio now stands at 15.6 GW. In addition, it has also received Letter of Awards (LoAs) for an additional around 5.8 GW of RE capacity.