Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year.Â
Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in…
Australia’s renewable energy sector is poised for expansion with 19 new projects announced under the Capacity Investment Scheme (CIS) Tender 1. These projects will add 6.4GW of clean energy to the national electricity market, powering three million homes and advancing the goal of 82% renewable electricity by 2030. The projects span New South Wales, Victoria,…
Waaree Energies Limited has won a 350 MW solar module supply order from AMPIN Energy Transition. It will deliver G12R TOPCon modules for AMPIN projects planned across India, with deliveries scheduled to finish by March 2026. This follows a 210 MW order placed by AMPIN in October 2025. AMPIN CEO Pinaki Bhattacharyya said the order…
KPI Green Energy Limited has issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and ICRA. The bond is backed by a 65 per cent partial guarantee from GuarantCo,…
The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong…
Lords Mark Industries Private Limited has secured a contract from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to develop 100 MW grid-connected rooftop solar power plants on government buildings. The project will follow the Renewable Energy Service Company (RESCO) model. In July 2024, Lords Mark had won 50 MW of base capacity…