Uma Gupta
ReNew Q2 profit up 31% YoY
ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
The Hydrogen Stream: SECI, H2Global to collaborate on green hydrogen initiatives
The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
India expected to hit 132 GW of installed solar capacity by March 2026
ICRA expects India to add 22 GW of new solar power generation capacity in FY 2025 and 27.5 GW in FY 2026, taking its cumulative installed PV capacity to 131.5 GW from 82 GW as of March 31, 2024.
“Solar storage will be a mainstream solution, fully integrated into energy strategies across industries”
Shantanu Mishra, head-business development, Amplus Solar, speaks to pv magazine about the C&I battery energy storage systems (BESS) market in India, key barriers and emerging models.
AMPIN, Danish investor CIP expand partnership for renewable energy projects in India
AMPIN Energy Transition and Copenhagen Infrastructure Partners have expanded their existing collaboration with $300 million joint equity investments to enable the addition of 2 GWp of renewable energy projects across India. This new partnership along with the existing one will create a $2.7-3 billion renewable energy asset base in India.
Waaree Energies Q2 profit grows 17% YoY
Waaree Energies has reported a total income of INR 3,663.46 crore and net profit (profit after tax) of INR 375.66 crore for the second quarter of FY 2024-25.
The Hydrogen Stream: NTPC setting up sea water to green hydrogen plant at Simhadri
NETRA, the R&D centre of NTPC, is setting up a 1 tpd seawater to green hydrogen plant at NTPC Simhadri coal-fired power plant near Visakhapatnam in Andhra Pradesh.
NTPC, ONGC form joint venture company for renewable energy, storage projects
ONGC NTPC Green Pvt Ltd will explore and set up renewable energy (RE) projects in India and overseas through greenfield development and acquisitions. It will also explore and harness opportunities in the fields of energy storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
UltraTech to deploy 100 more EV trucks in its logistics operations
The scale-up follows successful pilot commenced in January 2024 with five electric vehicle (EV) trucks.
ACME Sun Power secures INR 3,753 crore loan from REC
ACME Solar’s arm ACME Sun Power has secured INR 3,753 crore loan for the development and construction of firm and dispatchable renewable energy (FDRE) projects totaling 320 MW in Rajasthan and Gujarat.
