Indian Metal & Energy Industry News & Updates - Renewable Energy
India to be green hydrogen hub, targets 5 mt annually by 2030: Pralhad Joshi at Davos
Davos: Union Minister for New and Renewable Energy Pralhad Joshi has said that India’s agenda at Davos is that transition is not a burden for growth, it is an engine for growth and noted how the renewable movement, started by Prime Minister Narendra Modi is bringing down the cost of electricity in India. In an interview with ANI, the Minister also said India will be the hub of green hydrogen and that people want to study the Indian model of energy production. “India’s agenda at Davos is that transition is not a burden for growth, it is an engine for growth. And because of that, the cost of renewable energy has come down in India. Because of this renewable movement, which the Prime Minister started almost from 2015-16 and very aggressively from almost 2019, it is bringing down the entire cost of electricity in India. Now, Andhra Pradesh has said we are going to reduce the cost of electricity,” he said.
Waaree Energies Q3 profit surges 124% on strong solar module, EPC sales
SWELECT Energy enters BESS business for residential and large-scale customers
Delhi allows elevated solar systems on farmland, says land use change no longer needed
Karnataka pitches renewable energy capabilities to ReNew at Davos
Aerem Solutions secures Rs 136 crore in Pre-series-B funding
Avaada in talks with Standard Chartered, SMBC & other banks to raise $700 mn for SJVN solar-wind hybrid project
Vikram Solar Q3 net jumps 5x to ₹98 crore, board approves ₹4,371-crore capex for battery energy storage systems
Solar module manufacturer Vikram Solar on Tuesday reported an over five-fold jump in its net profit to ₹98.15 crore for the third quarter this fiscal, buoyed by strong volume growth and improvement in operating efficiency.
Renewable energy minister Pralhad Joshi invites IKEA owner for green tie-up
Greenko founders co AM Group looks to invest $25 bn for 1 GW computing hub in UP, signs MoU with state govt
Davos: ReNew to expand in 'measured, smart way' without being greedy, says Co chief Sumant Sinha
Suzlon charts 2.0, bets on hybrid renewables
Vikram Solar leads the shift to G12R; benchmarks with 100% portfolio transition
Kolkata: Vikram Solar Limited, a leading Indian solar manufacturer focused on high-efficiency PV solutions, today announced a strategic transition to a fully G12R-based module portfolio, reinforcing its commitment to next-generation solar technology.
ABB accelerates renewable energy focus with wind power converter dispatch in India
LNK Energy launches integrated clean energy platform; to invest ₹10,000 crore
Acme Solar commences operations of 68-MW capacity of 100-MW wind project in Gujarat
Suzlon Group appoints Paulo Soares as President of Europe business
World Economic Forum: Indian founders launch Rs 10,000 crore clean-energy platform LNK Energy
ReNew lines up $500-million dollar bond issue
Green Energy Seva Records strong growth in Solar EPC and franchise operations across India
Global renewable energy body plans to propose fossil fuel transition roadmap
Adani Solar only Indian company in Wood Mackenzie's global top 10 ranking
Ireda arm IGGEFIL sanctions first international green energy loan for Swarna Solar's Zambia project
Waaree Renewable Technologies’ solar park in Maharashtra could need 360 acres & ₹360-420 cr capex
Waaree Renewable Technologies Ltd will set up a 120 MWp solar park in Buldhana in Maharashtra as an Independent Power Project (IPP) project. It will require ₹360–420 crore in capital expenditure and around 360 acres of land for the same, official sources said. Funded through a mix of internal accruals and debt, the project is targeted for completion in FY27, supporting the company’s renewable energy expansion plans. “The proposed 120 MWp solar power park at Buldhana will involve an estimated capital expenditure of ₹3 crore to ₹3.5 crore per MWp. This estimate is comprehensive and includes costs related to land acquisition, solar modules, balance-of-system components, evacuation and grid connectivity infrastructure. The final capex outlay will be determined based on project specifications, procurement timelines, and execution strategy as the project progresses,” Manmohan Sharma, CFO of WRTL told businessline on Friday.
Budget expectations: More funds sought for transmission infra, tax breaks & PLI for polysilicon
The renewables sector expects PLI support for poly silicon and ingots, tax holiday for wind testing infrastructure, a comprehensive climate financing statement and higher allocations for power evacuation corridors, particularly inter-state and green energy corridors, in the upcoming Budget. The expectations of a sustained growth in electricity demand and the rapidly increasing share of renewables in India’s generation mix emphasises the need to prioritise strengthening grid resilience and storage capacities.
Oswal Energies inks MoU with ATS, Abu Dhabi; announces $1 billion expansion plans in the Middle East
FIIs boost stake in Suzlon Energy to 23.73% in December quarter
Waaree Renewable Technologies Q3 results: Net profit more than doubles to ₹120 cr
New Delhi: Waaree Renewable Technologies Ltd (WRTL) net profit more than doubled to ₹120.19 crore in December quarter compared to a year ago mainly on the back of higher revenues. The company had a net profit of ₹53.48 crore in the quarter ended on December 31, 2024, a statement said.
Juniper Green commissions 72 MWp solar capacity in Maharashtra
New Delhi: Juniper Green Energy on Thursday said it began power generation at a 72-MWp solar component of its 133-MWp hybrid power project in Solapur district of Maharashtra. The additional capacity was commissioned on January 10, Juniper Green Energy said in a statement.
Sterling and Wilson posts consolidated net loss of ₹437.38 crore in 9 months ended December 31, 2025 on subsidiary impairment
Mumbai: Sterling and Wilson Renewable Energy Ltd reported a consolidated net loss of ₹437.38 crore for the nine months ended December 31, 2025, compared to a profit of ₹30.54 crore in the corresponding period last year. The company announced these results at a board meeting held on January 15, 2026. The loss was primarily driven by exceptional items totalling ₹610.94 crore during the nine-month period. This includes ₹30.84 crore charged during the December quarter, following an arbitral tribunal’s final order granting additional legal costs to a subcontractor in a terminated contract dispute.