India 2024-25 budget: A strategic and holistic focus on energy sector
India’s 2024-25 budget reflects a strategic and holistic approach to the energy sector, emphasising sustainability, innovation, and energy security. By promoting pumped storage, advancing nuclear technology, transitioning to emission targets, and supporting renewable energy and energy efficiency, the budget lays a strong foundation for a sustainable and resilient energy future
Israel mandates rooftop solar on new big buildings, targets 3.5 GW by 2040
The Israeli authorities have introduced new regulations requiring rooftop PV on new large buildings, with plans to install 3.5 GW by 2040. The minimum production capacity has been set at 5 kW.
India installed 12.1 GW of solar in H1 2024
India installed about 9.6 GW of utility-scale solar, 1.8 GW rooftop, and 688 MW off-grid capacity in the Jan.-June period of 2024, says a new report by JMK Research.
KPI Green’s Q1 profit grows 99% yoy
KPI Green Energy’s revenue for the April-May-June quarter increased 83% year-on-year to INR 350 crore. Profit is 99% up to INR 66 crore.
Optimizing renewable energy project in the face of climate change
Stable government policies, adaptable technological solutions, diversified investments, robust financial planning, and active community engagement are crucial for achieving long-term success in the renewable energy sector.
Mobile floating PV plant powers Paris’ Olympic village
Transported 900 metres along the Seine, a 78 kW temporary photovoltaic power plant has docked at the Athletes’ Village to meet the needs of the Olympic and Paralympic Place for renewable electricity consumption.
Tata Power posts INR 1,189 crore profit in Q1 FY 2025
Tata Power has reported its highest ever quarterly consolidated revenue of INR 16,810 crore and net profit (profit after tax) of INR 1,189 crore in the first quarter of FY 2024-25
Fourth Partner secures $275 million equity investment from IFC-ADB-DEG Consortium
The equity infusion will fund Fourth Partner Energy’s business expansion plans to achieve 3.5 GW renewable energy asset portfolio by 2026.
Global battery market crisis: Will SECI benefit as oversupply sparks industry chaos?
The global battery glut is likely to influence the price discovery of Solar Energy Corp. of India’s tender for 2 GW solar with 1 GW/4 GWh energy storage system, writes Ali Imran Naqvi, executive director (ED), Gensol Engineering Ltd.
Advancing renewable energy through technological innovation and digitalization
To accelerate the adoption of technological innovation and digitalization in the renewable energy sector, concerted efforts are needed from policymakers, industry leaders, and technologists alike. Governments can create supportive policy environments, invest in research and development by providing incentives, at the same time supporting early-stage companies by creating favorable regulatory environments to fostering public-private partnerships.
