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Solex Energy and Advait Energy report FY 2024–25 performance

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

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

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

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

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…

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Mirova to invest $518m in RP Global’s clean energy projects

French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure Messier, Mirova’s investment director, highlighted…

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Masdar and Presight to launch AI tool for managing assets globally

UAE-based Masdar has teamed up with Presight to create an AI-driven asset management tool aimed at optimising its global renewable energy projects.  The tool will leverage big data analytics and generative AI to process billions of data points generated by Masdar’s solar panels and wind turbines. This collaboration seeks to enhance operational efficiency, predict maintenance needs, and boost renewable energy production by shifting from reactive to predictive maintenance strategies. Presight CEO Thomas Pramotedham emphasized the…