ReNew Q2 profit up 31% YoY
ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
The Hydrogen Stream: SECI, H2Global to collaborate on green hydrogen initiatives
The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
Looming Trump tariffs drive rush on US imports, push shipping costs higher
Freight costs are rising as businesses rush to import goods ahead of higher tariffs promised by US President-elect Donald Trump on Chinese and European products.
India expected to hit 132 GW of installed solar capacity by March 2026
ICRA expects India to add 22 GW of new solar power generation capacity in FY 2025 and 27.5 GW in FY 2026, taking its cumulative installed PV capacity to 131.5 GW from 82 GW as of March 31, 2024.
“Solar storage will be a mainstream solution, fully integrated into energy strategies across industries”
Shantanu Mishra, head-business development, Amplus Solar, speaks to pv magazine about the C&I battery energy storage systems (BESS) market in India, key barriers and emerging models.
Rishabh’s string inverter business records 300% YoY growth in H1 revenue
Indian manufacturer Rishabh Instruments designs, develops and manufactures solar string inverters with technology acquired from GEFRAN S.pA., Italy.
Jakson Green completes CO2-to-methanol project for NTPC
The project at NTPC’s Vindhyachal thermal power plant in Madhya Pradesh captures CO2 directly from the flue gas emissions and converts it into methanol. Jakson Green executed the project on turnkey basis.
DGTR recommends anti-dumping duty on solar glass imports from China, Vietnam
India’s Directorate General of Trade Remedies (DGTR) has recommended an anti-dumping duty on solar glass imports from China and Vietnam after its investigation concluded that imports from these countries are undercutting the prices of the domestic industry. The landed value of the imports is below the selling price as well as the cost of the domestic industry.
Reliance Power claims ‘fraud’ by third party, to challenge SECI ban
In a stock exchange filing later today, Reliance Power said it will take all legal steps to challenge SECI’s action that bars the company from participation in future government tenders for three years.
U.S. Government releases bottom-up solar pricing tool
The U.S. Department of Energy’s latest solar cost model shows that residential solar prices are up, commercial solar is getting cheaper and utility-scale pricing remains flat. The addition of batteries increases costs by $1.75/W for residential projects and $0.75/W for larger installations.
