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Lhyfe partners with KEYOU for hydrogen mobility in Germany
Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to promote hydrogen mobility in Germany and Europe. Lhyfe is constructing a green hydrogen production plant in Schwäbisch Gmünd, near Stuttgart, scheduled to be operational by year-end. The plant will produce up to 4 tonnes of green hydrogen daily, powered by a 10 MW renewable energy capacity secured through a 15-year corporate PPA with EDP Renewables. KEYOU plans to deploy up to 100 hydrogen-powered vehicles…
Bondada Engineering secures over Rs 110 billion solar EPC contracts
Hyderabad-based Bondada Engineering Ltd, part of the Bondada Group, has secured two solar EPC mandates worth over Rs 110 billion. According to a stock exchange filing, the company won two orders valued at Rs 76.32 billion and Rs 36.91 billion, respectively, for ground-mounted solar PV projects in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0). MSKVY 2.0 is a Maharashtra government initiative aimed at achieving 30% solarization of agriculture feeders by 2025….
Ørsted partners with Mission Clean Energy for 1 GW battery storage projects in US Midwest
Danish energy company Ørsted has teamed up with Mission Clean Energy to develop four standalone battery energy storage systems with a total capacity of 1 GW across the US Midwest. This collaboration represents Ørsted’s first venture into standalone battery storage in the US and globally, further diversifying its renewable energy portfolio. Ørsted will invest in securing priority positions in the interconnection queue for these storage projects, while Mission Clean Energy will lead the development efforts….
India reinstates domestic module requirement for solar projects, sparking concerns
The Ministry of New and Renewable Energy has reinstated the requirement for solar projects in India to use modules from a government-approved list of domestic producers, known as the Authorized List of Manufacturers and Models (ALMM). This move mandates that Indian solar project developers purchase solar modules from these domestic companies, rather than opting for less expensive foreign suppliers. Economic Impact: The cost of solar projects in India has surged significantly due to this requirement….
REC Limited posts 17% revenue growth, Rs 74.88 billion net profit in Q2 FY25
REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2 FY24. Total sanctions increased by…
Revfin partners with Bajaj Auto to promote electric three-wheelers
Revfin, a digital lending platform in India, has teamed up with Bajaj Auto to promote electric three-wheelers (e3Ws). This partnership aims to enhance the customer experience for Bajaj’s e3Ws, particularly in Tier-2 and Tier-3 cities, using Revfin’s psychometric assessment capabilities. The collaboration will also focus on developing infrastructure, such as charging networks, to support the widespread adoption of e3Ws.