Waaree Renewable Technologies posts its highest-ever quarterly revenue at INR 524.47 crore
Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 524.47 crore and net profit (profit after tax) of INR 53.52 crore for the second quarter ended on Sept. 30, 2024 (Q2 FY 2025).
India added 12.8 GW of solar capacity in H1 2024, says Mercom
India installed 12.8 GW of new solar capacity in the Jan-June period of 2024. This included 11.7 GW from large-scale solar projects (including 3.7 GW of off-site C&I projects) and more than 1.1 GW rooftop PV.
K.P. Energy to build 1 GW of solar, hybrid projects
K.P. Energy will install and commission 728.7 of wind-solar hybrid and 275 MW of solar projects.
Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
India re-elected as president of International Solar Alliance
The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.
India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
AMPIN Energy, Varroc sign PPA for another 27 MWp solar project
With this additional capacity, Varroc’s total contracted solar capacity with AMPIN Energy Transition exceeds 60 MWp.
Servotech launches solar inverters, microinverters and battery storage systems
Servotech Power Systems has launched solar solutions including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters feature maximum power point tracking, built-in WiFi, and reverse power transmission.
Tata Power, Keppel join hands to launch Cooling-as-a-Service solutions in India
Cooling-as-a-Service solutions enable businesses and building owners to subscribe to long-term, energy-efficient space cooling solutions without having to invest heavily in infrastructure.
