Uma Gupta
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.
NHPC allocates 3 GW of solar at $0.030/kWh
The selected developers can set up solar projects anywhere in India, as long as these are connected to the interstate transmission system.
NTPC tenders 3 GW of renewables storage
The state-run power producer has also tendered the EPC package for 630 MW of solar power projects.
L&T joins the Hydrogen Council
Larsen & Toubro has presence across green hydrogen project development/EPC, electrolyzer manufacturing, and battery cell manufacturing. As a hydrogen council member, the company intends to foster collaboration within the hydrogen industry.
