Tata Power profit grows to INR 1,141 crore in Q1 FY24
Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.
Hinduja Renewables wins 80 MW of Omkareshwar floating solar project
Hinduja Renewables won 80 MW by quoting a tariff of INR 3.89 ($0.047)/kWh in the second phase of the 600 MW floating solar park.
What is a carbon credit market?
When one company captures a unit of carbon from the atmosphere using some green technology (this process is called carbon sequestration), it can generate a carbon offset. Other companies can then purchase that carbon offset to reduce their carbon footprint.
Including flood, erosion hazards in solar project site selection
New research from Turkey shows the need for a more rigorous approach to PV site selection due to increasing hydrological extremes. The scientists claim that fixed-distance buffer zones are not sufficient to protect solar farms from flood and erosion hazards.
France aims for 48.1 GW of solar by 2030, 140 GW by 2050
The French government says it plans to install 48.1 GW of solar by 2030 and 140 GW by 2050. About 45 GW of the mid-century total will be generated via installations on wasteland, while 35 GW will come from rooftop installations.
NTPC wins 80 MW floating solar project in Madhya Pradesh
NTPC Renewable Energy Ltd (NTPC REL) will develop 80 MW of floating solar capacity at Omkareshwar Reservoir. The electricity generated will be supplied to state-owned electricity distribution companies in Madhya Pradesh.
Mahindra Susten, GUVNL sign 200 MW solar PPA
Mahindra Susten will develop 200 MW of solar capacity to supply electricity to Gujarat Urja Vikas Nigam Ltd (GUVNL). The project can be developed anywhere in India, as long as it is connected to the interstate transmission grid.
PVH to supply trackers for L&T’s 805 MW solar project in Saudi Arabia
Spain-headquartered PV Hardware (PVH) will supply its trackers to Larsen & Toubro for an 805 MW DC PV project in Saudi Arabia.
QIA buys 2.7% stake in Adani Green Energy
Qatar Investment Authority (QIA) has acquired 42,604,601 shares from Adani Green Energy’s promoter Infinite Trade and Investment at a price of INR 920 per share.
India needs 60-100 GW of electrolysis capacity to meet 5 MMT per year green hydrogen target
India’s National Green Hydrogen Mission targets the development of 5 million metric tonnes of green hydrogen production capacity per annum by 2030, which would require the nation to install 60-100 GW of electrolyzer capacity.
