China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Tata Power reports record profit of INR 4,280 crore for FY 2024
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
Optimizing solar investments
In India’s quest for a sustainable energy future, solar asset management emerges as a key to optimizing investments, ensuring reliability and maximizing productivity.
Larsen & Toubro wins more than 270 MW of solar projects
Larsen & Toubro (L&T) has secured orders to establish two floating solar plants with a cumulative capacity of more than 150 MW AC and a 120 MW AC ground-mounted PV plant in India. It has also bagged multiple orders for grid systems in India and overseas.
Italy bans large-scale solar from agricultural land
The Italian government has issued a new decree to completely ban solar from agricultural land. The new provisions will not apply to projects currently undergoing the approval process.
JSW Energy FY 2024 profit up 17% to INR 1,723 crore
JSW Energy posted a revenue of INR 11,941 crore and net profit of INR 1,723 crore for the fiscal year ended March 31, 2024.
India tendered ‘record’ 70 GW of renewables in FY 2024
India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
The proposed REC subsidiary at GIFT City will engage in lending, investment, and other financial services, contributing to the growth of India’s energy sector.
Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project
Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement.
Adani Green Energy revenue up 33% YoY to INR 7,735 crore
Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030.
