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Siemens Energy Q3 profit rises 80%, announces expansion at Aurangabad
Siemens Energy India reported an 80% year-on-year increase in net profit to Rs 263 crore for the quarter ended June 2025. Revenue from operations rose 20% to Rs 1,785 crore during the same period. New orders nearly doubled, rising 94% year-on-year to Rs 3,290 crore. Operating profit grew 59% to Rs 314 crore, with profit…
Huawei signs deal to supply 4.5GWh battery storage in Philippines
Huawei has signed an agreement with the Meralco Terra Solar project in the Philippines to supply a 4.5GWh battery energy storage system. This marks Huawei’s largest energy storage project, integrating containerized batteries, fire suppression systems, and advanced energy management solutions. The project, developed by SPNEC’s Terra Solar Philippines, includes a 3.5 GWp solar power facility…
Power Ministry amends VGF scheme rules for battery storage projects
The Ministry of Power has revised its operational guidelines for the Viability Gap Funding (VGF) scheme to support battery energy storage systems (BESS) through the Power System Development Fund (PSDF). As per the notification, Clause 3.6 has been updated to allow project connectivity to either the intra-state transmission system (InSTS) or the inter-state transmission system…
Shriram Finance launches Shriram Green Finance for sustainable projects
Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within…
Waaree Solar signs $176 million deal to supply 586 MW modules in US
Waaree Solar Americas, the US subsidiary of India’s Waaree Energies, has signed a solar module supply agreement worth $176 million with a US-based independent power producer (IPP). Under the agreement, Waaree will supply 586 MW of solar photovoltaic (PV) modules for four projects. The modules will be produced at Waaree’s facility in Brookshire, Texas, with…
AMPIN commissions first open access solar project in Chhattisgarh
AMPIN Energy Transition has commissioned a 50 MWp solar open access plant in Gatapar village, Bemetara district, marking its first project in Chhattisgarh and the company’s debut in the Eastern region. The plant will supply power to Texmaco Rail & Engineering Ltd. According to AMPIN, the project was completed in nine months and highlights the…
