Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
India installed 485 MW of rooftop solar capacity in Q1 2023
India reached a cumulative installed rooftop solar capacity of 9.3 GW as of March 31, 2023, with the addition of 485 MW in Q1 2023.
Global investment in clean energy nearly doubles that of fossil fuels
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
L&T advances renewables infrastructure for world’s largest green hydrogen plant
Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.
India to add 20 GW of renewable energy capacity in FY2024, says ICRA
ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.
Rajasthan launches 810 MW solar tender
Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) is accepting bids to develop 810 MW of state transmission utility (STU)-connected PV projects in the Bikaner district. Bidding closes on June 7.
WindStream crosses 100 SolarMills milestone in defence
Telangana-based WindStream Energy Technologies has installed more than a hundred hybrid renewable energy systems, SolarMills, in the remote mountainous regions crucial for defense operations.
Three million photovoltaic systems in Germany
The German Solar Industry Association sees uninterrupted demand for private photovoltaic roof systems in particular. The mark of four million photovoltaic systems could be reached as early as next year.
Adani Transmission reports 85% increase in PAT during Q4FY2023
The company’s consolidated profit after tax (net profit) of INR 440 crore ($53.3 million) in the Jan-March period of 2023 was 85% higher year-on-year.
Gensol Engineering profit surges by 125%
Gensol Engineering’s net profit (profit after tax) surged 125% year-on-year to INR 249 million ($3 million) during the year ended March 31, 2023.
