Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…
Alpex Solar is set to establish a 1.6 GW solar cell manufacturing facility in Kosi Kotwan, Mathura, Uttar Pradesh, with an investment of Rs 6.42 billion. The expansion will be carried out in three phases, with the first 500 MW expected to become operational by October 2025, and the remaining phases completed by April 2026 and September 2026, respectively. The company has secured a seven-acre land parcel from the Uttar Pradesh Industrial Development Authority (UPSIDA)…
Fatih Birol, executive director of the International Energy Agency (IEA), stated that with fossil fuel demand expected to peak within the next five years, the world is approaching a new “age of electricity.” In a recent press release, the Turkish economist highlighted that the surplus in oil and gas supplies could drive significant investments in green energy. Birol noted that in the latter half of this decade, the global energy landscape could shift substantially, with…
Latvia’s transmission system operator, Augstsprieguma Tīkls (AST), has signed contracts with 12 developers to connect more than 1,100 MW of renewable energy projects, including solar and wind power plants, to the transmission network. This represents a capacity increase of more than 150% compared to the current total of 690 MW of solar and wind power plants connected to Latvia’s grid as of September 2024. By the end of 2024, AST plans to finalize connection agreements…
The Australian Energy Market Commission (AEMC) has introduced new rules designed to help households and businesses better utilize and capture value from their consumer energy resources (CER), such as solar panels, batteries, and electric vehicles (EVs). These changes aim to give consumers greater control over their energy use while supporting the integration of CER into the national energy system. The new rules allow large customers to engage multiple energy service providers more easily and manage…
The Chief Minister Solar Self-Employment Scheme in Uttarakhand has enabled hundreds of locals to set up small solar plants, generating self-employment while bolstering the rural economy. Chief Minister Pushkar Singh Dhami highlighted Uttarakhand’s favourable solar conditions, with ample sunshine even during winter, making it ideal for solar power generation. Eligible residents can install solar plants ranging from 20 to 200 kW capacity, with the Uttarakhand Power Corporation Limited (UPCL) purchasing all generated electricity. Loans are…
Stay informed on power sector updates. Subscribe here.