Servotech Power Systems will invest around INR 300 crore ($36.2 million) to set up an electric vehicle (EV) charger manufacturing facility with backward integration in the state.
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
The state-run explorer Oil and Natural Gas Corp. Ltd (ONGC) aims to achieve an installed renewable energy (RE) capacity of 10 GW by 2030 and 1 million tonnes per annum capacity of green ammonia production as part of its efforts to reduce its carbon footprint.
Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.
The Reliance solar gigafactory in Jamnagar, Gujarat, will produce PV cells and modules based on REC’s heterojunction technology.
Apraava Energy will use the funds to develop its wind, transmission, and advanced metering projects.
Waaree Energies said it will use the latest equity investment to build a 6 GW solar wafer-to-module manufacturing capacity.
Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.
The International Solar Alliance (ISA) and Airports Council International (ACI) have agreed to strengthening cooperation to scale up solarization of airports across ISA member countries.
Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.