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Orient Electric reports 27% drop in q1 profit despite revenue growth
India’s Orient Electric reported a 27% fall in first-quarter profit, with higher expenses outweighing increased sales of fans and coolers amid the country’s scorching heat. The company’s profit decreased to Rs 143.4 million for the quarter, down from Rs 196.9 million a year earlier. Revenue from operations grew by 7% to Rs 7.55 billion.
Squadron receives approval for 700MW Spicers Creek Wind Farm in NSW
Tattarang’s Squadron Energy has secured approval from the New South Wales Independent Planning Commission (IPC) to construct the Spicers Creek Wind Farm, a 700MW renewable energy project in Wiradjuri Country, 25km north-east of Wellington within the Central-West Orana Renewable Energy Zone (CWO REZ). The project will include up to 117 wind turbines, battery storage, and supporting infrastructure, marking it as one of the largest wind farms approved in NSW. Once operational, Spicers Creek is expected…
Saatvik Solar supplies 70.2 MW of high-efficiency modules for SJVN’s Punjab power project
Saatvik Solar has delivered 70.2 MW of high-efficiency Mono PERC 545Wp solar modules for SJVN Limited’s power project in Punjab. These high-performance modules, made from single-crystal silicon, are designed to maximize energy output, even in low-light conditions, and feature a uniform black appearance. Their design makes them especially suitable for projects where space needs to be used efficiently.
Godrej Electricals commissions 25 MW solar project in Maharashtra
Godrej Electricals and Electronics, a unit of Godrej & Boyce, has commissioned a 25 MW AC ground-mounted solar project in Dhule, Maharashtra for the Maharashtra State Power Generation Company Limited (Mahagenco). Spread across 52 acres, the plant is expected to generate 45 million units of power annually, contributing to Maharashtra’s renewable energy goals by supplying power to the open market. Custom-designed structures with varied heights and wind resistance capabilities were implemented to maximize efficiency, addressing…
Torrent Power commits Rs 640 billion for green energy expansion
Torrent Power has announced plans to invest more than Rs 640 billion in green energy capacities, with two major commitments made at the RE-Invest event in Gandhinagar, Gujarat, on September 16, 2024. The company pledged to achieve 10 GW of installed renewable energy capacity by 2030, requiring an investment of Rs 570 billion. This project is expected to generate employment for approximately 25,000 people. As part of this commitment, Torrent Power signed an MoU with…
India plans to establish 15,000 MW of green hydrogen electrolyzers by 2026
India has announced a plan to set up 15,000 MW of green hydrogen electrolyzers by 2026, aiming to boost its renewable energy capabilities. The government has committed Rs 450 billion to support this green hydrogen push, which includes funding for the manufacturing of electrolyzers and the development of supporting infrastructure.