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Renewable Energy

NHPC records its highest-ever half-yearly net profit

The state-owned hydropower producer, which has also diversified into the field of solar and wind power, has reported a net profit of INR 2,483 crore ($307 million) for the half-year ended Sept 30, 2022–a 12% jump year-on-year.

India expected to annually deploy 35-40 GW of renewables until FY2029-30 end

Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.  

Tata Power targets 10 GW of renewables portfolio in Rajasthan in next five years

Tata Power is looking to expand its renewable power portfolio in Rajasthan to 10 GW in the next five years, from around 5 GW at present. It will also set up solar manufacturing units in the state.

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SECI tenders 2.25 GW of round-the-clock power from renewable hybrids

Prospective developers in Solar Energy Corp. of India’s latest tender will set up renewable energy projects to supply round-the-clock power. The projects can be located anywhere in India. Bidding closes on Oct. 10.

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India installed 8.4 GW of solar in H1

India is expected to install 20 GW of new solar capacity in 2022, according to JMK Research.

Adani Enterprises, Israel Innovation Authority sign agreement to develop cutting-edge tech solutions

Adani has partnered with Israel Innovation Authority to leverage the broad Israeli technology ecosystem for its diverse businesses in renewable energy, logistics, and more. The partnership provides Israeli companies a unique opportunity to codevelop, pilot, and scale up innovative technologies by utilizing Adani’s extensive industrial asset base.

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TERI, REMC sign MoU on renewables

Under the agreement, The Energy and Resources Institute (TERI) will provide research and technical know-how to support Indian Railways in its renewable energy and energy-efficiency projects.

ONGC partners Greenko to make green hydrogen

India’s largest crude oil and natural gas company has signed an agreement with renewables major Greenko to undertake renewable energy, green hydrogen, and green ammonia projects jointly. 

Tata Power commits INR 75,000 crore to renewables

Tata Power will invest more than INR 75,000 crore ($9.4 million) by the 2026-27 period to scale up its green businesses, including renewable energy generation and solar manufacturing.

Indian renewable energy sector recorded $14.5 billion investment in FY2021-22

The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.

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