Finance

The solar and wind project developer said the fund raised from Brookfield Renewable will support its growth plans of becoming a 5 GW+ platform over the next three to four years.

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.

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.

The Indian solar glass manufacturer recorded a net profit (profit after tax) of INR 88.54 crore in FY 2023, a decrease of 47% over FY 2022.

A new study assesses agrivoltaics development in India and identifies the challenges and opportunities for commercializing these projects. 

The Rajasthan-based solar panel manufacturer’s consolidated revenue grew 30% year-on-year to INR 280.05 crore (around $33.8 million) in FY 2022-23. Net profit surged 54% to INR 10.68 crore.

The Bengaluru-based startup has developed a cell-agnostic platform that purportedly allows 100% fire safety, 20-minute fast charging, and 120% improvement in battery life. 

By bringing together the private sector’s expertise and the public sector’s policy support, public-private partnerships can support the development of new technologies and solutions to improve the performance, efficiency, and affordability of electric vehicles (EVs).

Waaree Renewable Technologies reported a revenue of INR 351 crore and a net profit of INR 55.3 crore in FY 2022-23.

The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.