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.
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Mandsaur I RE Transmission Limited (MIRETL), a special purpose vehicle for the transmission project titled “Augmentation of transformation capacity and implementation of line bays at Mandsaur substation for RE interconnection” in Madhya Pradesh. The acquisition, finalised on October 8, 2025, follows POWERGRID’s selection…
Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have signed a Joint Study Agreement (JSA) to deliver 200,000 tonnes of green hydrogen annually to Germany starting in 2030. The partnership involves establishing a green hydrogen production facility in Brazil, utilizing electricity sourced from hydropower and other renewable options. SEFE will manage the production and shipment…
Assam has paused its flagship green hydrogen policy, causing concern among investors already affected by reduced clean energy incentives. The state had aimed to attract clean energy investments through subsidies and waivers. Energy firms such as NTPC Green, Larsen & Toubro, Sembcorp, and Abu Dhabi-based Ocior had shown initial interest in green hydrogen projects in…
The Central Electricity Authority (CEA) has decided to mandate Grid Forming Inverters (GFM) for all new Battery Energy Storage Systems (BESS) above 50 MW and for 25% of the capacity of all new renewable energy (RE) plants, following concerns over grid stability amid rising renewable energy integration. The decision was taken during the recent meeting…
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has blacklisted a Prayagraj-based rooftop solar vendor empanelled under the PM Surya Ghar Muft Bijli Yojana, signalling tighter enforcement of the flagship solar scheme in the state. The agency barred the firm and forfeited its bank guarantee of Rs 2.5 lakh following complaints of non-compliance…
The Ministry of New and Renewable Energy (MNRE) has approved the continuation of the Renewable Energy Research and Technology Development (RE-RTD) Programme for the 16th Finance Cycle from 2026-27 to 2030-31, with a total financial outlay of Rs 436.93 crore. The administrative approval was issued through an official order dated July 17, 2026. The programme…