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.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors now have until June 5 to bid for setting up 300 MW of solar capacity in the Ramagiri district.
Gamesa Electric releases study on losses due to harmonics in PV plants
Gamesa Electric has released a white paper on losses due to harmonics in PV plants, including an independent study that compares the performance of ultra-low total harmonic distortion inverters.
NTPC extends bidding for 630 MW of solar
NTPC Renewable Energy Ltd has invited bids to set up 630 MW of grid-connected solar PV projects on a turnkey basis in Madhya Pradesh. Bidding closes on June 18.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
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.
Hybrid hydrogen-battery system for off-grid PV-powered homes
Conceived by a Dutch research group, the proposed system is intended to store surplus renewable electricity via hydrogen generation and battery storage, with the latter being used only when hydrogen generation is not immediately available. Despite its high initial costs, the system can reportedly offer stable operation.
Waaree Energies to supply 445 MW of bifacial solar modules to Statkraft India
Waaree Energies will supply 445 MW of its 540/545Wp dual-glass bifacial modules to Statkraft India’s single-location solar PV projects in Bikaner, Rajasthan.
Nigeria’s Rural Electrification Agency, Husk Power Systems partner to deploy 250 MW of decentralized renewable energy projects
Nigeria’s Rural Electrification Agency has partnered Husk Power Systems for inter-connected minigrids and isolated minigrids, rooftop commercial and industrial (C&I) solar, productive use of energy (PUE), and appliance sales and financing.
