|

Indonesia announces plans for 75GW renewable energy expansion over 15 years

By

Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years.  The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…

|

Ofgem approves LionLink and Nautilus pilot projects for North Sea wind interconnectors

By

The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea.  These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian transmission operators TenneT and Elia. Upon completion,…

|

NVVN invites proposals for 7.2 MW rooftop solar project for Assam Rifles

By

NTPC Vidyut Vyapar Nigam (NVVN) has released a tender for the installation of 7.2 MW of grid-connected rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam.  The bid submission deadline is December 2, 2024.  The project scope covers design, engineering, supply, civil construction, erection, testing, commissioning, and the inclusion of a solar module cleaning system, remote monitoring, and ten years of operation and maintenance.

|

RRECL invites bids for 282 MW rooftop solar projects

By

Rajasthan Renewable Energy Corporation Limited (RRECL) has issued a tender for the development of 282 MW of grid-connected rooftop solar photovoltaic (PV) projects on government buildings across Rajasthan.  The bid submission deadline is November 26, 2024.  The project scope covers design, supply, erection, testing, commissioning, and 25 years of operation and maintenance (O&M) from the commissioning date.

|

Surana Solar acquires Surana Technologies

By

Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary.  Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector, specializing in trading, distribution, supply, generation, transmission, and manufacturing of solar products.  This acquisition aligns with Surana Solar’s strategy to enhance its execution capacity for solar projects.

|

NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%

By

NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.  However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.

|

Kalpataru Projects secures Rs 22.73 billion in new orders

By

Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets.  The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India.  According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion, 56% of which is from…

|

Insolation Energy secures Rs 714 million order for solar PV modules

By

Insolation Energy Ltd., via its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Rs 714 million purchase order from ACME Cleantech Solutions Private Limited.  The order is for the supply of solar PV modules. Recently, Insolation Energy won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. 

|

Patel Engineering reports 151% profit surge in Q2 FY25

By

Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25.  For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with Patel Engineering recently being declared…