Author: PPD Team Date: January 20, 2025
Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year.
The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: February 27, 2026 India recorded a peak power demand of 245,416 MW in January 2026, with the national grid maintaining frequency within the standard band for over 78% of the time, according to the monthly operational report released by Grid Controller of India Limited (Grid-India). The all-India peak demand of 245,416 MW was recorded on January 9, 2026 at 9:52 AM based on one-minute supervisory control and data acquisition (SCADA) data….
Author: PPD Team Date: January 16, 2025 The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its holding, with Uniper’s value expected to exceed €10bn ($10.3bn). The government is considering options to exit, either through a single buyer or a stock offering. Goldman Sachs Group is advising Uniper’s management, while UBS Group and…
Author: PPD Team Date: October 18, 2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America. The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution…
Author: PPD Team Date: June 25, 2025 MAHAPREIT and Sustainable Energy for All (SEforALL) have signed a memorandum of understanding to enhance energy efficiency across Maharashtra. The partnership aligns with the state’s Vision 2030 goals, which include doubling energy efficiency by the end of the decade. The Alliance for an Energy Efficient Economy (AEEE) will serve as the technical partner. The collaboration will develop data-driven, scalable solutions focused on three key areas: municipal buildings, water…
Author: PPD Team Date: February 11, 2026 The National Committee on Transmission (NCT) has recommended interstate transmission schemes with a cumulative estimated cost of Rs 24,048 crore for evacuation of 25.5 GW of renewable energy from Gujarat. The recommendation follows confirmation of sufficient renewable potential for the state and a reassessment of transmission planning assumptions, including limited visibility on large green hydrogen and green ammonia demand. The recommended outlay comprises three transmission schemes. These include…
Author: PPD Team Date: February 10, 2025 Estonia, Latvia, and Lithuania have disconnected their electricity grids from Russia and Belarus, marking a major geopolitical shift more than three decades after leaving the Soviet Union. Efforts to sever ties accelerated after Russia invaded Ukraine in 2022, further straining Moscow’s relationship with the EU. Lithuanian President Gitanas Nausėda called it the final step in eliminating reliance on Russian and Belarusian energy. EU officials, including Ursula von der…