Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Patratu Vidyut Utpadan Nigam Limited (PVUNL) achieved a major milestone on March 11, 2025, by synchronizing Unit 1 of the Patratu Thermal Power Project Phase I with the grid. On the same day, a dry run was completed for all units of the project, marking significant progress in its commissioning. PVUNL, a special purpose vehicle…
Waaree Transpower Private Limited, a subsidiary of Waaree Energies, has received an order worth approximately Rs 160 crore from a global energy storage technology and solutions company for the supply of medium-voltage (MV) skids for battery energy storage system (BESS) projects. The order covers 8.3 MVA MV Skids, with shipments having commenced in July 2026….
A 1 GW photovoltaic (PV) project in northern Laos has been connected to the grid, marking the largest single solar installation in Southeast Asia and the country’s first utility-scale mountainous PV development. Developed by China General Nuclear Power Group (CGN), the project is Phase I of the Northern Laos Clean Energy Base and is located…
NTPC Limited has announced that its Board of Directors, in a meeting held on September 26, 2025, approved an equity infusion of up to Rs 2,444.39 crore in North Eastern Electric Power Corporation Limited (NEEPCO), a wholly owned subsidiary. The funds will support three hydro projects and one solar project. The board also cleared proposals…
The Swedish government has denied 13 applications for offshore wind farms in the Baltic Sea, south of the Sea of Åland, citing national defence interests. The rejected projects include Arkona, Aurora, Baltic Offshore Beta, Cirrus, and others, as they posed potential conflicts with Sweden’s military operations. This decision affects various developers, including Hexicon’s joint venture…
The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan,…