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Baltic nations cut power ties with Russia and Belarus, join EU grid

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Estonia, Latvia, and Lithuania have disconnected their electricity grids from Russia and Belarus, marking a major geopolitical shift more than three decades after leaving the Soviet Union.   Efforts to sever ties accelerated after Russia invaded Ukraine in 2022, further straining Moscow’s relationship with the EU. Lithuanian President Gitanas Nausėda called it the final step in eliminating reliance on Russian and Belarusian energy. EU officials, including Ursula von der Leyen, will attend a ceremony in Vilnius,…

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Sinovoltaics releases Q1 2025 global PV module ranking

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Sinovoltaics’ Q1 2025 global PV Module Manufacturers Ranking shows India-based Insolation Energy, Waaree Renewable Technologies, and Solex Energy as the top three. The Altmann Z-score-based ranking covers 63 suppliers, tracking financial health from March 2022 to December 2024. The updated top ten list: Insolation Energy (India) Waaree Renewable Technologies (India) Solex Energy (India) Eterbright (HIWIN) (Taiwan) First Solar (U.S.) Boviet Solar (China) DMEGC Solar (China) Phono Solar (China) ERA Solar (China) HT SAAE (China) The…

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GE Vernova T&D reports 75% increase in order inflows in FY25

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GE Vernova T&D India Ltd has reported a 75 per cent year-on-year increase in order inflows for the first three quarters (9M: April to December) of FY25. The new order inflow during this period reached Rs 77,871 million, up from Rs 44,563 million in FY24. The strong performance in FY25 was driven by a remarkable Q2 (July to September), which saw Rs 46,824 million worth of orders booked, accounting for 60 per cent of the…

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Hitachi Energy-BHEL consortium secures Rajasthan HVDC project

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A consortium of Hitachi Energy India Ltd and Bharat Heavy Electricals Ltd (BHEL) has received a Letter of Intent (LoI) from Rajasthan Part I Power Transmission Ltd, a wholly-owned subsidiary of Adani Energy Solutions Ltd (AESL) for the Rajasthan high-voltage direct current (HVDC) transmission project. The project involves setting up two HVDC line-commutated converter (LCC) terminal stations of 6,000 MW each at Bhadla and Fatehpur. Additionally, an 800 kV HVDC LCC terminal station (4X1,500 MW)…

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Luminous inaugurates battery manufacturing plant in Haridwar

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Luminous Power Technologies has inaugurated a lead acid battery manufacturing facility in Haridwar, Uttarakhand.  Spanning 8 acres in the SIDCUL Industrial Estate, the plant features a green positive plate manufacturing process using 100 per cent grey oxide through a wet paste filling method for industrial batteries. It also includes an acid circulation system, an automatic battery assembly line operating at twice the speed of conventional systems, and a high-speed battery charging process that enhances efficiency…

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Torrent Power reports Q3 FY 2024-25 results with 31% PAT growth

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Torrent Power has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company reported a 31% year-on-year increase in profit after tax (PAT), reaching Rs 4.89 billion. The growth in PAT was largely driven by increased power demand during colder weather conditions and a one-time gain of Rs 770 million from cable sales, which contributed to a rise in other income. The company’s total revenue for Q3 FY…

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Bhagyanagar India secures 65.7 MW solar project in Uttar Pradesh

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Bhagyanagar India Limited has received Letters of Award (LoAs) from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model.  The projects fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program, with a quoted tariff of Rs 2.76 per kWh. UPNEDA had initially invited bids for 3,205 MW of grid-connected solar projects in…

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Waaree secures solar module supply contract from Mahindra Susten

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Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, has won a contract from Mahindra Susten to supply solar modules for the 200 MW/280 MWp Rajasthan Solar Power Project (RUVNL). Under the contract, Waaree will supply its ELITE series, n-type TopCon 580Wp solar modules for the project. Mahindra Susten secured the 200 MW capacity in May 2023 by quoting a tariff of Rs 2.61 per kWh under Rajasthan Urja Vikas Nigam Limited’s (RUVNL) 1,000 MW…

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ACME Solar partners with Grew Energy for solar project in Rajasthan

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ACME Solar Holdings Private Limited has signed an agreement with Grew Energy Private Limited to develop a solar power project in Bikaner, Rajasthan. The project will utilize GREW Solar’s Topcon solar modules, manufactured at its 3 GW facility near Dudu, Jaipur. Both companies aim to expand their collaboration in the renewable energy sector.

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Amazon India signs PPAs for 379 MW wind power procurement

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AEI New Energy Trading Private Limited, a wholly-owned subsidiary of Amazon India Retail Private Limited, has signed power purchase agreements (PPAs) with three companies for procuring power from 379 MW wind power projects. The agreements include: JSW Neo Energy Private Limited, a wholly-owned subsidiary of JSW Energy Limited (JSWEL), for 180 MW of wind power from its project in Dharapuram, Tamil Nadu. CleanMax Enviro Energy Solutions Private Limited for 100 MW of wind power from…