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.
The significant fall in solar module prices over the last six months is positive for under-construction projects.
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 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 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 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.
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 secured the 1.4 GW DC solar project by offering a competitive tariff of INR 2.53 ($0.0304) per kWh to NHPC.
Indian PV manufacturer Alpex Solar aims 2.5-fold growth to reach INR 1,000 crore revenue in FY 2026.
Hartek plans to enter green hydrogen business as an EPC provider as well as a developer.
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