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PTC India reports 33% rise in Q1 FY25 net profit to Rs 18.9 billion
Power trading solutions provider PTC India posted a 33% increase in its consolidated net profit for the June quarter, reaching Rs 18.9 billion, up from Rs 14.3 billion in Q1 FY24. The rise in profit was attributed to lower expenses, which fell to Rs 448.6 billion from Rs 460.4 billion a year ago. Earnings per share (EPS) increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24. Trading volume remained relatively…
Utah completes its first floating solar project
Utah has launched its first floating solar project, a 587.5 kW system installed on a holding pond at the Signal Hill facility, in collaboration with the Mountain Regional Water Special Service District. The project, supported by a $400,000 grant from Rocky Mountain Power’s Blue Sky Award program, is expected to generate 871,086 kWh of clean energy annually and reduce carbon emissions by 609 metric tonnes. Developed by Ameresco in partnership with D3Energy, construction was completed…
Actis partners with Meralco, SPNEC for Terra Solar project in Philippines
UK-based Actis has partnered with Manila Electric Company (Meralco) and Solar Philippines New Energy Corporation (SPNEC) to invest $600m (£458.55m) in the Philippines’ Terra Solar project. With a capacity of 3.5 GWp of solar power and 4.5 GWh of battery storage, it is the largest integrated renewable energy and storage project globally. Located on Luzon Island, the project will power 2.4 million households, with Meralco securing 850 MW under a 20-year contract. Completion is expected…
Lohum signs $30 million JV with US firm for battery recycling facility
LOHUM Cleantech Ltd, ReElement Technologies Corporation, and American Metals have formalised a partnership through a Memorandum of Understanding (MoU) to develop a fully integrated lithium-ion battery recycling and materials processing facility in the United States. With an initial investment of $30 million, the facility will have a capacity of 15.5 GWh and is expected to create 250 jobs focused on environmentally sustainable operations. Located at the Marion Advanced Technology Centre in Indiana, the facility will…
JA Solar initiates patent infringement proceedings in Germany
Chinese solar module manufacturer JA Solar has filed patent infringement complaints against an unnamed competitor before the Unified Patent Court (UPC) in Germany. The complaints, lodged with the Munich and Hamburg Local Divisions of the UPC, concern the competitor’s TOPCon solar modules, alleging infringement of JA Solar’s patents EP 2 787 541 B1 and EP 4 092 759 B1. JA Solar highlighted that TOPCon, or “tunnel oxide passivated contact,” is a standard technology for crystalline…
AM Green places largest order for electrolyser with John Cockerill
AM Green has placed an order with John Cockerill for a 1.3 GW advanced pressurised alkaline electrolyser for its existing plant in Kakinada, Andhra Pradesh. This marks the largest electrolyser order in India to date. The project, set to begin production in the second half of 2026, will supply electrolysers in two phases of 640 MW each. It aims to produce green hydrogen and convert it into green ammonia. In support of this project, AM…