Uma Gupta
Uttar Pradesh to invite bids for 7 GW of solar power projects
The state will launch a tender for 4 GW of solar projects soon, with an additional 3 GW to be auctioned subsequently.
India’s solar installations surpass 72 GW
India has installed an overall 72,018 MW of solar capacity as of Oct. 31, 2023. Grid-connected solar rooftops account for 15.38% of the cumulative installations.
Genus Power’s order book exceeds INR 19,000 crore
The company expects a steady and significant increase in order volumes in the upcoming months of the fiscal year 2024 as numerous state electricity boards have commenced the bidding process to procure smart meters.
SJVN wraps up 1.5 GW renewables, storage tender with $0.053/kWh tariff
Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.
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.
