India curtailed 2.1 TWh of renewable electricity during FY 2025-26 as coal-fired power plants reached their minimum technical operating levels during periods of high solar generation, according to a new analysis by Ember. The curtailed energy represents an estimated Rs 629 crore in foregone revenue and highlights growing challenges in integrating rising volumes of renewable…
Servotech Renewable Power System Ltd. has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC) to expand its manufacturing and warehousing operations in Haryana. The proposed investment is approximately Rs 400 crore. The agreement was signed during the launch of the ‘Make in Haryana’ Industrial Policy 2026 in Gurugram on June…
Enviro Infra Engineers Limited reported steady revenue growth for FY26, supported by a sharp rise in its order book and expansion into renewable energy businesses, including solar, wind and battery energy storage systems (BESS). The company’s revenue from operations for the financial year ended March 31, 2026 stood at Rs 11,456 million, up 7.5% year-on-year….
Australia’s Assistant Minister for Climate Change and Energy has announced the results of Tender 7 under the Capacity Investment Scheme (CIS), selecting 19 renewable energy projects with a combined capacity of 7.8 GW, exceeding the original target of 5 GW. The selected projects include wind, solar, and hybrid renewable energy systems across multiple states in…
NTPC Limited reported higher standalone profit for the fourth quarter and full financial year ended March 31, 2026, while outlining an aggressive expansion strategy across battery energy storage systems (BESS), pumped storage projects (PSPs), and renewable energy capacity. For Q4 FY26, standalone net profit rose 51.4% year-on-year (YoY) to Rs 8,747.27 crore from Rs 5,778.14…
India’s peak power demand touched a record 260.5 GW on Tuesday, surpassing the previous high of 257.4 GW recorded a day earlier, as rising temperatures and higher air-conditioner usage pushed electricity consumption to new levels. The day’s highest demand of 260,297 MW was recorded at 3:46 PM and was fully met without shortages, with total…
Sunstream Green Energy has secured Rs 7 billion (around Rs 700 crore) in refinancing from State Bank of India (SBI) for a solar portfolio exceeding 250 MW across 17 sites in Maharashtra. According to the company, the portfolio was developed over three years and achieved operational stabilisation before refinancing. The refinancing arrangement is expected to…
ReNew Energy Global Plc reported a sharp rise in FY26 profitability, with net profit increasing to Rs 1,038.5 crore from Rs 459.1 crore in FY25, supported by higher revenues and strong growth in its manufacturing business. Total income for FY26 rose 38% year-on-year (YoY) to Rs 15,063.5 crore, compared to Rs 10,907 crore in the…
Solex Energy Limited reported a total income of Rs 1,621.1 crore for the financial year ended March 31, 2026, marking a 143.9% year-on-year (YoY) increase from Rs 664.8 crore in FY25. Revenue for the fourth quarter of FY26 stood at Rs 885.8 crore, up 247.6% YoY. The company’s Profit After Tax (PAT) for FY26 rose…
The Expenditure Finance Committee (EFC) under the Ministry of Finance has approved a central scheme to support floating solar projects integrated with Battery Energy Storage Systems (BESS), according to multiple media reports. However, variations have emerged regarding the approved financial outlay. According to Zee Business, the EFC approved Rs 5,000 crore against the Ministry of…