Avaada Energy secures $38 million for captive solar project in Karnataka
Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.
The role of renewable energy in achieving India’s net zero goals
The road to net-zero emissions in India doesn’t require herculean efforts. We can get there by wholeheartedly adopting renewables, investing in innovation and technology, and promoting public-private partnerships to build a better, cleaner, and more sustainable India for generations to come.
Havells India to ramp up solar power capacity to 16 MW
Havells India will expand the solar power generation capacity for self-consumption to 16 MW by installing a 4.6 MW solar power plant at its Alwar facility this fiscal.
Gensol Engineering profit 129% up in FY 2024
Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.
Madhav Infra secures EPC contract for 15 MW floating solar in Chhattisgarh
Madhav Infra Projects has secured the order to set up a 15 MW floating solar PV project at Maroda Reservoir of NTPC-SAIL Power Co. Ltd (NSPCL) in Chhattisgarh.
Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
Bladeless wind energy innovation aims to compete with rooftop solar
A compact, “motionless” wind turbine with a magnetic generator designed for large commercial rooftops provides 5 kW of capacity per unit. Aeromine Technologies secured Series A funding for scaling its innovative design.
India expected to install 21.2 GW of solar in FY 2025
JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.
Renewables must triple by 2030 to hit net-zero by 2050, says BloombergNEF
BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net-zero by 2050. Its net-zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
Orb Energy establishes 35 MW (DC) solar park in Karnataka
Orb Energy’s solar park model allows enterprises to purchase plots and own solar sub-arrays within the park.
