Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
India has installed more than 180 GW of renewable energy capacity as of Dec. 31
India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.
SJVN allocates 1.5 GW of solar at $0.030/kWh
JSW Neo Energy secured the biggest slice of 700 MW. Other winners include BluPine Energy and Mahindra arm Furies Solren (300 MW each), GRT Jewellers (150 MW), and NTPC Renewable Energy (50 MW).
Avaada Energy wins over 1.4 GWp of solar projects across India
Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.
Solis hits 4 GW milestone in India
Solis has shipped 4 GW of solar inverters in India since its entry in the nation in 2015.
Global solar corporate funding up 42% in 2023
Investors and developers raised more than $34.3 billion in 160 deals last year, according to a new report by Mercom Capital.
The solar rebound effect in residential PV
The rebound effect consists of a reduction in expected gains from a more resource-efficient technology as a result of behavioral or systemic change. An international research team has investigated this phenomenon in the residential PV segment in Vietnam and has found that it could happen in any country where the policy supporting solar power is not fully and scientifically explained.
UPPCL, SECI sign 1 GW solar power sale agreement
The Uttar Pradesh Power Corp. Ltd (UPPCL) will procure 1 GW of solar power from interstate transmission system (ISTS) connected projects with SECI as the intermediary procurer (trader).
NTPC launches 1 GW wind-solar hybrid tender
NTPC has invited bids to develop wind-solar hybrid projects for supply of 1 GW of power. The project can be located anywhere in India and must connect to the interstate transmission system.
Manoj Kohli, Mahesh Makhija appointed to Sunsure Energy Board of Directors
Sunsure Energy has appointed former SoftBank India head Manoj Kohli and renewable energy specialist Mahesh Makhija to its Board of Directors.
