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Genus Power reports Rs 317.76 billion order book as of Q2FY25
Genus Power Infrastructures Ltd announced an outstanding order book of Rs 317.76 billion (net of taxes) as of September 30, 2024, including orders from the GIC platform and all company SPVs. This robust order book comprises long-term smart metering concessions of 8-10 years. Commenting on the company’s Q2FY25 performance, Joint Managing Director Jitendra Kumar Agarwal highlighted the strategic advantage provided by this strong order book. Execution is expected to ramp up in Q3FY25, with increasing…
Power Mech wins Rs 2.27 billion O&M contract in Gujarat
Power Mech Projects has secured an order worth Rs 2.27 billion to provide operations and maintenance (O&M) services for Gujarat Mineral Development Corporation’s 250 MW (2×125 MW) Akrimota Thermal Power Station (ATPS) in Kutch district, Gujarat. The contract includes O&M and repair work for the entire power plant, covering all equipment related to power generation and transmission, including the 220 kV switchyard. The project will span three years from the commencement of work, ensuring the…
Recurrent Energy signs two tolling agreements with APS
Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project, which will become Arizona’s largest standalone energy…
First Solar opens $1.1bn thin-film solar manufacturing facility in Alabama
First Solar has inaugurated its $1.1 billion fully vertically integrated thin-film solar manufacturing facility in Lawrence County, Alabama. The facility adds 3.5 GW of solar manufacturing capacity to the US, contributing to First Solar’s goal of boosting domestic production and reducing reliance on foreign-made panels. The factory, which will create over 800 jobs, is set to manufacture Series 7 modules using locally sourced steel and operates a fully integrated solar value chain under one roof,…
IPC E&C secures contract for 100 MW wind farm in Philippines
IPC E&C Philippines Corporation, a subsidiary of Vietnam’s IPC Group, has won a contract to install wind turbines for a 100 MW onshore wind farm in Laguna province, Philippines. The project, spearheaded by Laguna Wind Energy Corporation and backed by Southeast Asia’s wind energy developer The Blue Circle, will feature 17 Goldwind turbines, each with a capacity of 6 MW. Turbine installation is set to begin in 2025, with commercial operations expected by 2026. This…
SECI partners with H2Global Stiftung to accelerate green hydrogen ambitions
The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with H2Global Stiftung, a non-profit advancing global hydrogen markets, to promote green hydrogen development. The partnership focuses on leveraging H2Global’s innovative mechanism, implemented by its subsidiary Hintco, to align with international hydrogen market dynamics. Hintco’s tenders provide transparency on pricing, ensure production and delivery of clean fuels, and support legal certainty for final investment decisions. India stands to gain from H2Global’s…