Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year.
The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two…
The Philippines Energy Regulatory Commission (ERC) has approved two transmission projects by the National Grid Corporation of the Philippines (NGCP), the private operator of the country’s transmission network. The projects include the PHP20.65 billion, 500 kV Balaoan–Laoag transmission line and the PHP2,585 million, 230 kV Capas substation in Luzon. The Balaoan–Laoag line, connecting La Union…
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has granted or recommended Terms of Reference (ToR) for four hydroelectric and pumped storage projects across Maharashtra, Bihar, and Arunachal Pradesh during its 53rd meeting held virtually on April 29–30, 2026. The projects together represent more than 5,100 MW of planned capacity. The proposals…
Uttar Pradesh Chief Minister Yogi Adityanath has handed over allotment letters to two companies for solar photovoltaic (PV) cell and module manufacturing projects in the Yamuna Expressway Industrial Development Authority (YEIDA) region, involving a combined investment of nearly Rs 5,000 crore. CESC Green Power Ltd, part of the RP-Sanjiv Goenka Group, will establish a 3…
Renewable energy developer rPlus Energies has finalized a long-term power purchase agreement (PPA) with Idaho Power for its 125 MW Pleasant Valley Solar 2 facility in Ada County, Idaho. This project follows the 200 MW Pleasant Valley Solar 1, also under construction, making Pleasant Valley Solar the largest contracted solar facility within the Idaho Power…
ReNew Energy Global has secured an investment of Rs 8.7 billion from British International Investment (BII) in its subsidiary, ReNew Photovoltaics. This is BII’s first investment in India’s solar manufacturing sector and involves the acquisition of a minority stake in the subsidiary. The funding will be used to build a new 4 GW TOPCon solar…