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JSW Energy FY 2024 profit up 17% to INR 1,723 crore

JSW Energy posted a revenue of INR 11,941 crore and net profit of INR 1,723 crore for the fiscal year ended March 31, 2024.

Sunkind Energy secures 10 MW of rooftop solar projects

Sunkind Energy has secured 10 MW of rooftop solar EPC projects in Chhattisgarh, Haryana, Punjab and Rajasthan.

Designing the best-performing hybrid renewable energy system for off-grid, rural communities in India

A new study evaluates seven different configurations of hybrid renewable energy systems to meet the electricity requirements of an off-grid village community in the Jaisalmer district of Rajasthan, cost-effectively and sustainably. It finds the system combining solar PV panels, wind turbines, biogas generator, lithium-ion battery, converter, electrolyser, and hydrogen tank to be the best performing as it has the lowest fuel consumption rate, net present cost, levelised cost of energy, and cost of hydrogen.

India tendered ‘record’ 70 GW of renewables in FY 2024

India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.

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The Hydrogen Stream: Hygenco to set up green hydrogen, ammonia project at Tata Steel SEZ’s Gopalpur Industrial Park

Hygenco aims to produce 1 million tonnes per annum (MTPA) of green ammonia from its plant at Tata Steel SEZ’s Gopalpur Industrial Park in Odisha. The project’s initial phase is set for commissioning by December 2026.

REC gets RBI nod to set up subsidiary in GIFT City, Gujarat

The proposed REC subsidiary at GIFT City will engage in lending, investment, and other financial services, contributing to the growth of India’s energy sector.

Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project 

Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement.

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Accelerated declines in solar cell prices since late March

In a new weekly update for pv magazine, OPIS, a Dow Jones company, offers bite-sized analysis on solar PV module supply and price trends.

Adani Green Energy revenue up 33% YoY to INR 7,735 crore

Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030.

Adani Green secures $400 million for 750 MW solar projects

Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking.

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