Insolation Energy reports growth in revenue and profits in FY 2023
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.
Battery-tech startup EMO Energy raises $1.2 million
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.
Solarizing the telecom tower sites in India
Delta Electronics India is a leading power and energy management solutions provider for the telecommunications industry. Rajesh Kaushal, vice president at Delta Electronics India, speaks to pv magazine about solarization of telecom tower sites in India, Delta’s role in driving this transition with its energy management solutions, challenges, and the way forward.
Navigating complex energy markets for VPP participants
The growing need for virtual power plants, which dispatch energy when and where it is needed, is giving rise to opportunities for software companies, such as Leap, to handle the complexities of navigating energy markets.
Public-private partnerships: The path to sustainable transportation in India
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 profit soars by 522%
Waaree Renewable Technologies reported a revenue of INR 351 crore and a net profit of INR 55.3 crore in FY 2022-23.
Falling wafer prices continue to make headway for downstream prices
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
REC eyes up to INR 3 lakh crore lending for renewables by 2030
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.
Siemens to acquire Mass-Tech Controls’ EV division
The acquisition will strengthen Siemens’ capability to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India.
NTPC launches tender for 60 MW solar in Cuba
NTPC, on behalf of Unión Eléctrica de Cuba (UNE), is accepting bids to develop a 60 MW grid-connected solar project in Cuba. The prospective developer will execute the capacity on a ‘build-own-operate-transfer’ basis. Bidding closes on July 20.
