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IEX Q3 profit rises 16.9% to Rs 1,073 million
Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter…
Greg Skinner acquires 50% stake in Ethical Power Group
Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global…
OIL Green Energy, NRL sign MoU for renewable power supply
OIL Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited (OIL), has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) to collaborate on renewable energy development, procurement, and supply. The agreement was signed on April 20, 2026, with a focus on meeting group captive energy requirements across the organisations….
Rajesh Power gets LoI for 65 MW / 130 MWh BESS project in Gujarat
Rajesh Power Services Limited has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for developing a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) facility at Virpore in Gujarat. The company informed the stock exchanges about the award on January 5, 2026. The project forms part of…
Suzlon targets 100 per cent renewable power for all units by 2030
Suzlon Group has pledged to run all 15 of its manufacturing facilities entirely on renewable energy by 2030. The company has also become the first from India to join the RE100 Initiative, a global program led by Climate Group in partnership with the Carbon Disclosure Project. The initiative is part of Suzlon’s wider decarbonization strategy….
EnBW to install 100MW battery storage system in Marbach, Germany
Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project…
