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.
Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The projects include the 372-MWac Mayes County solar portfolio, located near Google’s Pryor data centre. Construction is underway, with energy delivery facilitated through the Grand River Dam Authority (GRDA). The portfolio features three sites: Salt Branch Solar, Huckleberry Solar, and Mayes Solar. Along with the Twelvemile Solar…
NTPC Limited plans to commission Unit-III of the North Karanpura (Pakri Barwadih) Power Project by March 2025. The project, located near Tandwa town in Chatra district, Jharkhand, involves three units of 660 MW each and is being developed at an investment of Rs 151.64 billion. Bharat Heavy Electricals Limited (BHEL) is the engineering, procurement, and construction (EPC) contractor for the project.
Solar inverter manufacturer Deye has launched the AE-F(S)2.0-2H2 Micro Hybrid energy storage system (ESS), an all-in-one unit combining an energy storage micro-inverter, battery modules, and a battery management system (BMS). Designed for home and outdoor applications, the system offers 24/7 intelligent monitoring and power management through Lora smart communication and an intuitive app interface. The system includes a 2 kWh lithium iron phosphate (LFP) battery, expandable to 10 kWh, with a lifespan of 6,000 cycles…
The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs 100 billion with Oriana Power…
The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the government’s Plan for Change initiative to drive economic growth and position the UK as a leader in fusion energy. The investment will accelerate progress in the fusion energy sector from 2025 to 2026 and…
The Pakistan Atomic Energy Commission (PAEC) has received a construction licence from the Pakistan Nuclear Regulatory Authority (PNRA) for the 1.2 GW Chashma Nuclear Power Plant Unit 5 (C-5) in Punjab. PAEC’s application, submitted in April 2024, included the preliminary safety assessment report (PSAR) and documentation addressing nuclear safety, radiation protection, emergency preparedness, waste management, and security. Following a thorough review, the PNRA confirmed that the project met all regulatory requirements. C-5 will feature an…