NTPC profit surges 9.39% YoY in first quarter
The state-owned power generator reported a net profit (profit after tax) of INR 4,066 crore ($494.34 million) in the April-May-June period of FY 2023-24.
Rays Power signs 283 MWp solar EPC contract with Serentica Renewables
Rays Power Infra has secured the engineering, procurement, and construction contract for a 283 MW DC solar PV project in Karnataka.
Malaysia increases green energy tariff for residential, industrial consumers
Malaysia has increased the green energy tariff for residential and industrial consumers through the Green Electricity Tariff (GET) program. The government is offering 4,500 GWh of power to residential and industrial customers each year. These customers will be charged an additional MYR 0.281 ($0.062) for each kilowatt-hour of renewable energy that is purchased.
India’s installed solar power capacity surpasses 70 GW
The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.
PPA prices fell 11% in Europe in May, says Pexapark
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
Going beyond renewable/non-renewable dichotomy
Scientists in India have proposed a new classification of energy sources that is intended for the adoption and definition of emerging technologies, which they said conventional taxonomies fail to achieve.
ReNew, Gentari collaborate for 5 GW renewables capacity in India
ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.
Israel’s Brenmiller signs MoU with Waaree Energies to deploy thermal energy storage projects in India
Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered thermal energy storage projects in India.
French developer deploys removable ground-mounted solar plant
CVE, a French developer, has deployed a solar plant based on PV modules ballasted on the ground. The installation will cover nearly 10% of the overall consumption of an industrial site in Châtillon-sur-Chalaronne, France.
Hero Future Energies signs $756 million MoUs with REC, PFC
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects.
