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Greencoat Renewables acquires 50% stake in South Meath solar farm in Ireland
Greencoat Renewables has acquired a 50% stake in the 80.5 MW South Meath solar farm in Ireland, partnering with Schroders Greencoat, which holds the remaining stake. An unnamed technology company has secured a long-term power purchase agreement (PPA) for the farm’s entire output. This acquisition, a key investment in Ireland’s renewable energy infrastructure, follows Greencoat’s recent purchase of a 22.5% share in Germany’s Butendiek offshore wind farm.
SECI debars Reliance Power and subsidiaries from tenders over fake documents
The Solar Energy Corporation of India (SECI) has barred Reliance Power (R-Power) and its subsidiaries from participating in its tenders for three years, following the submission of a fake document by R-Power for a SECI tender issued in June. The notice, released on November 6, under the Ministry of New and Renewable Energy (MNRE), specifies that entities, including Reliance NU BESS Limited and other subsidiaries of Reliance Power, are prohibited from SECI tenders until 2027….
Rays Power secures Vanadium Redox Flow Battery tender from NTPC
Rays Power Infra has been awarded India’s largest Vanadium Redox Flow Battery (VRFB) tender by NTPC’s R&D division, NTPC Energy Technology Research Alliance (NETRA). The project involves a 600KW/3000KWh VRFB system, marking a significant milestone in India’s renewable energy storage sector. VRFB technology is known for its long-duration energy storage, which is crucial for grid stability and the integration of renewable energy.
Servotech reports Q1 FY25 results: revenue up 41 per cent, net profit grows 9 per cent
Servotech Power Systems Ltd., a leading manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, has announced its quarterly results. The company’s net profit after tax (PAT) in the first quarter of FY2024-25 was Rs 44.8 million, up from Rs 41.0 million in the same quarter last year. Key Highlights of the Quarterly Results: Consolidated Highlights Total Revenue: Grew by 41 per cent in Q1 FY25 to Rs 1.12 billion from Rs 798.1…
SJVN Green invites bids for up to 100 MW wind projects in Gujarat
SJVN Green Energy has opened bids for developing up to 100 MW of wind power projects in Gujarat, connected to GETCO, with a 10-year operations and maintenance (O&M) contract. The deadline for bid submission is November 20, 2024. The project scope includes land acquisition, design, procurement, construction, and power evacuation up to the grid substation. In October 2024, SJVN Green Energy also issued tenders for 200 MW of solar PV projects under GUVNL Phase XXII…
BHEL sees 23% growth in order inflows in H1FY25
Bharat Heavy Electricals Ltd (BHEL) reported a 23% increase in order inflows in the first half of FY25, reaching Rs 41.09 billion, up from Rs 33.48 billion in H1FY24. The power sector led the order bookings, contributing 93% of the inflows. As of September 30, 2024, BHEL’s outstanding order book stood at Rs 1.60 trillion, with 78.5% from the power sector, 19.1% from the industry sector, and 2.3% from exports. BHEL’s power T&D offerings fall…