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Solex Energy and Advait Energy report FY 2024–25 performance

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Solex Energy Limited reported a total income of Rs 6.658 billion for FY 2024–25, up 81 per cent from Rs 3.680 billion in FY 2023–24. Profit after tax surged to Rs 427.9 million, a 390 per cent increase from Rs 87.3 million. Earnings per share (EPS) rose to Rs 43.82, reflecting a 301 per cent rise year-on-year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at Rs 731.2 million, marking 157 per cent growth….

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Ahasolar wins Rs 10 million consultancy order for Gujarat solar projects

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Ahasolar Technologies Limited has received a consultancy work order from Gujarat Urban Development Company Limited (GUDA), valued at around Rs 10 million. The scope includes preparing detailed project reports (DPRs), assisting in procurement, checking and certifying quality assurance plans, scrutinising design and drawings, and certifying the contractor’s bills. These services support the development of grid-connected solar photovoltaic projects across Gujarat. The projects will include solar systems with capacities of 100 kilowatts and above. The consultancy…

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J&K plans 10 MW agro-solar power plant at GT-Pampore

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The Government of Jammu & Kashmir (GoJK) has planned a 10 MW solar power plant (SPP) at the decommissioned land of Pampore Gas Turbine (GT-Pampore). Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) is expected to implement the project. The project will be developed in phases, with 5 MW in the first phase on vacant land at GT-Pampore. The total land area under GT Phase-I (3×25=75 MW) and Phase-II (4×25=100 MW) is 22.77 hectares…

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Mongolia partners with EBRD to boost renewable energy sector

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Mongolia has entered into a partnership with the European Bank for Reconstruction and Development (EBRD) to enhance the country’s renewable energy sector.  Announced at the World Economic Forum in Davos (January 2025), the EBRD will help Mongolia develop solar, wind, and energy storage projects through auctions. The EBRD will offer technical support, including feasibility studies and environmental assessments for small and medium-sized hydroelectric plants, helping build a strong foundation for renewable energy in Mongolia.  The…

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Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects

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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…

Power Sector News Roundup for December 16, 2024

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Global: Envision Energy secures largest battery storage order in South Africa Masdar inaugurates 500MW Zarafshan wind farm in Uzbekistan Vestas secures 1.1GW order for Inch Cape offshore wind project in Scotland Westinghouse and BWXT Canada partner on nuclear new-build projects globally NorthWestern acquires 10% stake in North Plains Connector HVDC project GE Hitachi advances BWRX-300 SMR to GDA Step 2 in the UK KEGOC secures KZT141 billion funding for West Kazakhstan project Hydrom and thyssenkrupp…

Power Sector News Roundup for December 10, 2024

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Global: CREC and Sungrow sign agreement for 1.5 GWh BESS supply AfDB appointed lead arranger for $340m Moyi Power metro-grids project in DRC India: India leads in clean-tech funding, surpassing China in Q3 2024 Tata Power to invest Rs 1.46 trillion to double capacity by 2030 Kerala announces electricity tariff hike of 16 paise per unit NTPC achieves fastest ever 300 BU generation milestone UPPCL resolves legal challenges to privatise two DISCOMs PFCCL incorporates SPV…

Power Sector News Roundup for November 29, 2024

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Global: Egypt and Hynfra to develop $1.6 billion green ammonia facility SGCC connects first section of Ningxia–Hunan UHVDC transmission project First phase of UK-Germany energy link completed in NeuConnect project ENERCON advances onshore wind projects in Iceland and Turkey Sonnedix inaugurates 150 MW Betierra solar project in Spain Vestas secures order for Nordseecluster B offshore wind project in Germany Hexicon secures majority stake in 1.1 GW MunmuBaram wind project Hitachi Energy to supply grid solutions…

Power Sector News Roundup for November 27, 2024

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Global Synera Renewable to develop an 840 MW offshore wind farm in South Korea. TotalEnergies and Air Liquide to produce renewable hydrogen at La Mède refinery. NSW approves $647 million Mt Piper battery project to boost energy storage. TOYO secures a $150 million solar cells contract to bolster renewable energy growth. India Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round. NTPC Green signs MoU for 2000 MW renewable energy projects in Chhattisgarh. Adani…

Power Sector News Roundup for November 26, 2024

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Global: Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date RWE acquires majority stake in R3 Renewables Equinor cuts 20% of renewables workforce amid offshore wind challenges Azerbaijan awards first 100 MW solar project to Universal International Arab Group opposes fossil fuel phase-out at COP29 climate summit Indonesia to retire coal-fired power plants by 2040 National Grid Renewables secures…