Adani Energy Solutions Limited (AESL) has reported a net profit of Rs 7.73 billion for the quarter ending September 2024, marking a 172.18% increase compared to Rs 2.84 billion in the same quarter last year.
The company’s total income also rose by 68.88%, reaching Rs 63.6 billion, up from Rs 37.66 billion during the corresponding period of the previous year.
Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion. TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Himachal Pradesh is pushing forward with green energy initiatives in Spiti and Una to address climate change. A major project is the upcoming 1,000 MW hybrid solar and wind energy Mega Solar Park in Spiti, Lahaul-Spiti. Chief Minister Sukhvinder Sukhu has called for central assistance through the Green Corridor Transmission to fully leverage the state’s renewable energy potential, which is vital for mitigating global warming. In the Una district, the 32 MW Pekhubela Solar Power…
Oriano Clean Energy, a leading solar development and EPC company in India, has been awarded a contract to build 184 MWp of solar PV projects in Agar, Malwa, Madhya Pradesh, by Blueleaf Energy, a prominent pan-Asian renewable energy platform. This contract is part of the solar component of Blueleaf Energy’s Pachora Hybrid Power Project. With this new project, Oriano’s EPC portfolio now stands at over 1.5 GWp, with 1 GWp already commissioned and the rest…
The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,089 MW of new solar module capacity. New companies added to the list include Avaada Electro, Laxmi Solar Power System, and Uratom Solar, contributing 554 MW, 121 MW, and 46 MW, respectively. Additionally, three existing companies—Tata Power Solar, Jakson Engineers, and SASA Energy—have increased their capacity in the list by 2,697 MW, 662 MW, and…
The Ministry of New and Renewable Energy (MNRE) has introduced new guidelines to enhance the PM Surya Ghar scheme for rooftop solar installations. The updated measures aim to simplify the process by urging states to adopt online payment systems for fees such as application, load enhancement, meter testing, and commissioning, reducing the need for multiple visits to discom offices. MNRE will also incentivize innovation in rooftop solar projects with annual prizes, including Rs 10 million…
REC Limited has raised $500 million through green dollar bonds as part of its $10 billion global medium-term programme. This 5-year bond has a coupon rate of 4.75% per annum, with semi-annual payments, and is set to mature on September 27, 2029. It marks the first US dollar bond issuance by an Indian public sector enterprise in 2024. The funds raised under REC’s Green Finance Framework will be allocated to eligible green projects in line…