Uma Gupta
India Ratings maintains stable outlook for solar projects in FY 2024
The significant fall in solar module prices over the last six months is positive for under-construction projects.
SJVN’s 1 GW Rajasthan solar project to supply 200 MW to Uttarakhand
SJVN has secured a Letter of Intent from Uttarakhand Power Corp. Ltd (UPCL) to purchase 200 MW of solar power from its 1 GW Bikaner project.
Tata Power posts INR 1,017 crore profit in Q2 FY 2024
Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).
Gensol Engineering revenue up 88% YoY in H1 FY 2024
Gensol Engineering Ltd recorded a revenue of INR 344.03 crore ($41.3 million) in H1 FY24, 88% up from INR 183.25 crore in H1 FY23. Profit after tax (PAT) grew 24% to INR 22.16 crore.
Waaree Energies to supply 135 MW of solar modules to NTPC
Waaree Energies Ltd has won the contract to supply 135 MW of solar PV modules to NTPC’s PV project in Anta, in the Baran district of Rajasthan.
India will overtake Southeast Asia as the second-largest solar module producer by 2025
A Wood Mackenzie report forecasts China will dominate solar manufacturing through 2026, holding more than 80% of poly, wafer, cell and module manufacturing capacity for the next three years.
Avaada Energy wins 1.4 GW DC solar project from NHPC
Avaada Energy secured the 1.4 GW DC solar project by offering a competitive tariff of INR 2.53 ($0.0304) per kWh to NHPC.
Alpex Solar aims to surpass INR 1,000 crore revenue by FY 2026
Indian PV manufacturer Alpex Solar aims 2.5-fold growth to reach INR 1,000 crore revenue in FY 2026.
Hartek to venture into green hydrogen
Hartek plans to enter green hydrogen business as an EPC provider as well as a developer.
Gujarat tenders 1 GW solar
Gujarat Urja Vikas Nigam Ltd (GUVNL) is accepting bids to develop up to 1 GW of solar PV projects (including 500 MW under greenshoe option) for power supply to the state discom. The projects are to be set up on a build-own-operate basis and can be located anywhere in India.
