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EBRD provides €25.1 million loan for Bosnia’s largest solar power project
The European Bank for Reconstruction and Development (EBRD) has announced a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), the leading public electricity utility in Bosnia and Herzegovina, to finance the development of a 50 MWp solar power plant on a former coal ash landfill in Gračanica. UniCredit Bank d.d. is contributing an additional €15 million in parallel, mobilized through the EBRD’s efforts. The combined funding will support the development, construction, and operation of…
HG Infra declared qualified bidder by NTPC Vidyut Vyapar
HG Infra Engineering has been declared the qualified bidder by NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh as part of a 500 MW/1000 MWh standalone battery energy storage system (BESS) project. The project is supported by viability gap funding, and the tariff rate is set at Rs 2.38 million per MW per month. The contract is scheduled for completion in 1.5 years.
JSW Energy Q2 FY 2025 net profit at Rs 8.53 billion, revenue up 2% YoY
JSW Energy reported a consolidated net profit of Rs 8.53 billion for the quarter ended September 2024 (Q2 FY 2025), slightly up from Rs 8.5 billion in the same period last year. The company’s total revenue for Q2 FY 2025 reached Rs 34.59 billion, marking a 2% year-on-year increase. Net generation for the quarter rose by 14% YoY to 9.8 billion units, driven by wind capacity additions and higher generation at thermal and hydro plants….
Apar Industries to triple Continuous Transposed Conductor capacity by FY26
Apar Industries Ltd has announced plans to expand its Continuous Transposed Conductor (CTC) production capacity to meet increasing demand driven by government prioritization of power and generation equipment. The expansion will triple the company’s CTC capacity from 7,350 tonnes per year to 20,490 tonnes by Q3FY26. The current capacity of 7,350 tonnes, utilized at 98%, will be augmented in phases. By March 2025 (end of FY25), an additional 5,160 tonnes will be operational. A further…
Bureau Veritas acquires ArcVera Renewables
Inspection and certification provider Bureau Veritas has acquired ArcVera Renewables, a leading consulting and technical services provider for wind, solar, and energy storage projects. Although the financial details of the deal were not disclosed, the acquisition is part of Bureau Veritas’s LEAP | 28 strategy, which aims to enhance its renewable energy services, particularly in North America. ArcVera Renewables has earned a reputation for excellence in due diligence and operational verification of renewable energy projects….
India’s renewable capacity reaches 190.57 GW, solar leads the way
In FY 2024, India added 11.5 GW of new utility-scale solar capacity, an 18% increase from the previous year, according to a report by JMK Research. The rooftop solar sector also showed impressive growth, with 3 GW installed, a 34% year-on-year increase. Wind capacity additions reached 3.25 GW, a 42.9% rise compared to FY 2023. The momentum continued in Q1 2024, with approximately 7.5 GW of utility-scale solar capacity added, five times the amount installed…