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China tightens solar PV investment guidelines to address overcapacity
China’s Ministry of Industry and Information Technology has finalized new investment guidelines for solar photovoltaic (PV) manufacturing projects to address persistent overcapacity and stabilize the industry. The guidelines, announced on November 20, 2024, increase the minimum capital ratio for solar PV projects to 30%, up from 20% for certain projects. This threshold, previously reserved for…
Gensol Engineering’s Q3 net profit rises by 29% to Rs 228.9 million
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year. The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous…
TNPGCL to pilot 200 MW battery storage at thermal plant
Tamil Nadu Power Generation Corporation Ltd (TNPGCL) will install a 200 MW Battery Energy Storage System (BESS) at the North Chennai Thermal Power Station on a pilot basis. This is the first such use of battery storage with a coal-based plant in the state. The aim is to store electricity during low-demand periods and avoid…
Madhya Pradesh secures investments from SECI, NTPC, Adani
Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include: SECI: The Solar Energy Corporation of India Limited (SECI) signed an MoU with the state government to develop a 200 MW solar project…
Waaree wins LoA for 94 MW decentralised solar project
Waaree Renewable Energy Technologies Limited, formerly known as Sangam Renewables Limited, has secured a Letter of Award (LoA) worth Rs 1,142.3 million. The contract covers engineering, procurement and construction (EPC) works for a cumulative 94 MW/131.6 MWp decentralised solar power project in Maharashtra. The award was granted on May 16, 2025, under the “Mukhyamantri Saur…
ABB to invest $75 million in India to expand manufacturing and R&D
Swiss-Swedish electrification and automation company ABB has announced plans to invest about $75 million in India in 2026 to expand manufacturing capacity and research infrastructure across multiple locations. The investment, disclosed in a filing to the stock exchanges on March 9, follows more than $35 million invested in India in 2025. With the latest allocation,…
