KPI Green Energy has announced that it has received Letters of Intent (LoI) for developing 13.30 MW of green energy projects. The projects will be executed by the company’s wholly-owned subsidiary, Sun Drops Energia, as stated in a regulatory filing.
These solar power projects, with a total capacity of 13.30 MW, will be developed under the Captive Power Producer (CPP) business segment. The projects are set to be completed in various tranches during the financial year 2024-25.
Husk Power Systems, Abuja Electricity Distribution Plc (AEDC), and the Duduguru community in Nasarawa State, Nigeria, have signed a partnership agreement to deliver sustainable, affordable, and reliable energy through interconnected minigrids (IMGs). The solar-powered minigrid in Duduguru, located in Obi Local Government Area, will provide 656 kW of daily energy supply to approximately 1,000 customers, 80% of whom are households and 20% micro, small, and medium-sized enterprises (MSMEs). Husk, which operates more than 40 isolated…
Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….
The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany with 13.7 billion euros. France and Poland…
GE Vernova has secured a 140 MW wind turbine order in Romania from Public Power Corporation Renewables (PPCR). The company will supply, install, and commission 23 turbines, each with a 6.1MW capacity, for a wind project in Vaslui County. The agreement, finalized in Q2 2024, strengthens GE Vernova’s role in the European Union’s energy transition, where it has a long history of installing wind turbines. Initial turbine deliveries are planned for the first half of…
China’s Politburo, the top decision-making body of the Communist Party, has endorsed a strategy to boost the economy by increasing consumer spending and eliminating inefficient companies. It warned of challenges ahead, possibly related to global uncertainties before the U.S. presidential election. Key measures include restoring financial market confidence and increasing government spending. The central bank has lowered interest rates, and the government has doubled subsidies for electric vehicles to drive growth and reduce reliance on…
Power Grid Corporation of India Ltd (PGCIL) has issued a consultancy tender for the interconnection of Andaman & Nicobar Islands (ANI) with India’s mainland grid. The scope of work covers: Route Alignment, Detailed Survey and Soil Investigation works for the Interconnection of North, Middle & South Andaman Islands. In May 2023, a clean energy approach via an HVDC link was proposed to the Ministry of Power (MoP), which could supply sustainable power to North, Middle,…
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