Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
Serentica Renewables has signed a long-term power purchase agreement (PPA) with MRF Limited to supply clean energy under a captive power arrangement. The electricity will come from a 170 MW wind-solar hybrid project currently under development by Serentica. Power from the project will be delivered to MRF’s manufacturing facilities across India via the inter-state transmission…
EDF Renewables North America commenced commercial operations at the Huck Finn solar project in December 2024. Developed for Ameren Missouri, a subsidiary of Ameren Corporation, the project has a 200 MWac / 270 MWdc capacity and is now delivering electricity. The project is expected to generate over $14 million in revenue for local communities in…
Hero Future Energies (HFE) has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for setting up 270 MW of Inter-State Transmission System (ISTS)-connected solar power projects. The project will also include a 135 MW/540 MWh energy storage system (ESS) under Tranche-XVII, marking a significant step in India’s renewable…
The Competition Commission of India (CCI) has approved Havells India Limited’s proposal to acquire a minority equity stake in Goldi Solar Private Limited and full partnership interests in Vama Inverters LLP and Goldi Energy LLP. Havells will acquire less than 10 per cent of Goldi Solar’s issued and paid-up equity share capital. Concurrently, Goldi Sun…
Adani Power Limited (APL) has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh Power Corporation Limited (UPPCL). The supply will come from the upcoming Mirzapur Thermal Power Project in Uttar Pradesh. UPPCL had invited bids for this contract in March 2024. APL emerged as the selected bidder through a tariff-based…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder to develop the inter-state transmission project “Augmentation of transformation capacity and implementation of line bays at Mandsaur substation for renewable energy interconnection.” The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis under the tariff-based competitive bidding (TBCB)…