Author: PPD Team Date: January 20, 2025
Sterling and Wilson Renewable Energy Limited (SWERL) posted a net profit of Rs 0.17 billion for the quarter ending December 2024, recovering from a net loss of Rs 0.62 billion in the same quarter last year.
The company’s total income surged by 202.13% to Rs 18.43 billion during the quarter, compared to Rs 6.10 billion in the corresponding period of 2023.
Author: PPD Team Date: December 23, 2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has notified banking regulations under its Green Energy Open Access Policy. It permits consumers to bank up to 30 per cent of their monthly electricity consumption procured from the distribution licensee. Banking charges are set at 8 per cent of the banked energy, adjusted in kind. The distribution licensee must establish a detailed banking procedure and model agreement within 30 days…
Author: PPD Team Date: March 10, 2025 Three firms have won bids to develop a cumulative 250 MW grid-connected solar photovoltaic (PV) power projects without energy storage system (ESS) anywhere in India. The bids were awarded under Phase XXVI of Gujarat Urja Vikas Nigam Limited (GUVNL) on March 6, 2025. Avaada Energy Private Limited (Avaada Power Private Limited) secured a 100 MW capacity at a tariff of Rs 2.6 per kWh. Welspun New Energy Limited,…
Author: PPD Team Date: October 15, 2024 Delhi Metro’s Blue Line, connecting Yamuna Bank with Vaishali in Ghaziabad, has received carbon-neutral certification, marking a significant milestone for the Delhi Metro Rail Corporation (DMRC). Officials highlighted this achievement as part of DMRC’s commitment to reducing its carbon footprint and addressing climate change. This certification follows similar recognition for DMRC’s corporate headquarters at Metro Bhawan and staff quarters in Sector-50, Noida. DMRC aims to inspire other urban…
Author: PPD Team Date: October 28, 2024 The Rajasthan government has introduced the Rajasthan Investment Promotion Scheme (RIPS) to enhance renewable energy investments, tapping into its potential of 24.22 GW in solar energy and 5.19 GW in wind energy. Under RIPS, enterprises investing in solar, wind, hybrid, and energy storage projects, including battery energy storage systems and biomass, receive various incentives. The scheme offers a 100 per cent subsidy on cross-subsidy and additional surcharges for…
Author: PPD Team Date: October 3, 2025 The Ministry of Power (MoP) has notified a revised renewable consumption obligation (RCO) framework under the Electricity (Amendment) Rules, 2025. The new rules unify state-level renewable purchase obligations (RPOs) under a single national compliance mechanism framed through the Energy Conservation Act, 2001. The framework applies to distribution licensees, open access consumers, and captive users. It replaces the earlier structure issued in October 2023, while retaining the national RCO…
Author: PPD Team Date: April 14, 2025 The Solar Energy Corporation of India (SECI) has signed an agreement with Kerala State Electricity Board (KSEB) to set up a 125 MW/500 MWh battery storage system in Kasaragod. The project, to be completed by mid-2025, will help manage peak power demand and stabilize Kerala’s electricity grid. JSW Energy won the contract through a competitive bidding process, agreeing to build and operate the facility for Rs 4.41 lakh…