RMC Switchgears Limited has won an engineering, procurement, and construction (EPC) and operation and maintenance (O&M) contract worth Rs 2.01 billion to develop a solar power project aimed at solarising agricultural feeders in Maharashtra.
The project was awarded through a competitive bidding process and an e-reverse auction, supporting efforts to enhance the state’s agricultural energy sustainability.
Torrent Power Limited has announced its financial results for the quarter ending June 30, 2024. Let’s have a look at the key highlights. Financial Performance Revenue Growth: The company’s revenue from operations surged to Rs 71.93 billion, an increase of 50.3 per cent from Rs 47.87 billion in the prior quarter and 33.6 per cent from Rs 53.83 billion in the same quarter last year. Profit Metrics: Profit before tax reached Rs 12.73 billion, nearly…
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Avaada Group plans to invest Rs 2.5 trillion over the next seven years across multiple businesses, including facilities for ingot, wafer, and glass manufacturing. The renewable energy provider is also focusing on green hydrogen and ammonia ventures, targeting 11.5 GW of energy capacity by 2026 and 30 GW by 2030. The company is building solar panel factories, with a second module factory under construction in Nagpur and another planned for Greater Noida, aiming for a…
Spanish renewable energy company Acciona Energía has connected the first 27 turbines of the MacIntyre wind farm in Queensland, Australia, to the national grid, contributing 154MW of power. The farm, set for full completion by October 2025, will feature 162 Delta4000 turbines with a total capacity of 923 MW. The energy will be distributed via power purchase agreements with Queensland’s Stanwell and CleanCo. Ark Energy, holding a 30% stake, will use its share to decarbonize…
The SouthCoast Wind 1 offshore wind farm, developed by Ocean Winds, has secured critical approvals from Massachusetts for its onshore transmission facilities at Brayton Point in Somerset. The Massachusetts Energy Facilities Siting Board has granted a construction and operation permit for the facilities, while the Department of Environmental Protection has issued a Chapter 91 Waterways license for nearshore infrastructure. Additionally, the Office of Coastal Zone Management has completed its federal consistency review for the project….
Swiss investment firm SUSI Partners has announced its agreement to fund the development of a significant battery energy storage portfolio in central-southern Chile through its SUSI Energy Transition Fund (SETF). The investment will support 22 battery energy storage projects, targeting a total capacity of 860 MW and up to 3.5 GWh. This initiative marks an expansion of SUSI’s collaboration with local developer BIWO Renovables, further strengthening their ongoing partnership in Chile’s renewable energy sector. The…
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