Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process. These projects were transferred from bid process coordinator...
REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat. RECPDCL...
Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year. Total income rose significantly, increasing by 93 percent to Rs...
Tata Power has committed Rs 5.5 billion towards establishing solar and wind power capacities to supply clean energy to Noida International Airport (NIA) in Uttar Pradesh. The company has signed two power purchase agreements with NIA, supporting the...
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful...
Indian Oil Corporation Limited (IOCL) has joined hands with Tirumala Tirupati Devasthanams (TTD) to build a 40 tonnes-per-day biogas plant in Tirumala, aiming to promote sustainable energy and effective waste management. TTD’s Additional Executive...
Rosa Power Supply Company, a subsidiary of Reliance Power, has achieved zero-debt status after prepaying Rs 13.18 billion to Singapore-based lender Varde Partners. The company initially paid Rs 8.33 billion in September, followed by the remaining Rs...
India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include...
Serentica Renewables has announced plans to develop renewable energy projects with a combined capacity of 10 GW in Andhra Pradesh, supporting both India’s clean energy goals and the state’s green vision. This initiative aligns with Andhra...
Rajasthan and Gujarat, India’s leaders in renewable energy, are urged to implement policy adjustments to sustain their progress, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Vibhuti Garg, IEEFA’s...
IREL (India) Limited, a CPSU under India’s Department of Atomic Energy (DAE), has partnered with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP) to establish IREUK Titanium Limited, a joint venture for producing titanium slag in...
Apollo Green Energy Limited (AGEL), part of Apollo International Group, has announced plans to build a Rs 100 billion project portfolio by 2025. Currently, its order book stands at Rs 35 billion, with active solar projects valued at Rs 25 billion...
The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19...
SJVN Limited has announced its financial results for the quarter ending September 2024 (Q2 FY25), reporting a consolidated net profit of Rs 4,399 million, a slight increase from Rs 4,396.4 million in the same period last year. The company’s...
Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology. This initiative will focus on producing high-voltage DC (HVDC)...
Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India. Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025. This...
Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology. Under this...
Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its...
Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) emerged as winners in SJVN’s Phase III auction for 1,200 MW of ISTS-connected wind-solar...
ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with...
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited...
Assam’s transmission network set for upgrade with six new projects Assam Electricity Grid...
Quality Power Electrical Equipments Limited has announced that its material step-down subsidiary...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has...
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India does not currently have commercially available instruments for continuous monitoring of...
India’s energy sector is going through a major transformation, driven by the powerful...
STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring...
ACME Cleantech Solutions Private Limited (ACME Group) has signed long-term offtake agreements with...
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...