Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
Bladeless wind energy innovation aims to compete with rooftop solar
A compact, “motionless” wind turbine with a magnetic generator designed for large commercial rooftops provides 5 kW of capacity per unit. Aeromine Technologies secured Series A funding for scaling its innovative design.
Renewable manufacturing costs up to 200% lower in China, says WoodMac
Wood Mackenzie says in its latest report that low prices and integrated supply chains allow Chinese manufacturers to supply more than 65% of total global demand for renewables equipment, with its exports growing by 35% between 2019 and 2023.
Indian Army receives hydrogen bus
The Indian Army has received a hydrogen fuel cell bus under its collaboration with Indian Oil Corp. Ltd (IOCL) for demonstration trials of this technology. The bus promises a mileage of 250-300 km on a full 30 kg onboard tank of hydrogen fuel.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors now have until June 5 to bid for setting up 300 MW of solar capacity in the Ramagiri district.
India’s solar module exports hit $1.97 billion in fiscal 2023-24
India’s solar module exports hit $1,969.13 million in fiscal 2023-24. Out of this, shipments to USA totalled $1,939.92 million.
Gamesa Electric releases study on losses due to harmonics in PV plants
Gamesa Electric has released a white paper on losses due to harmonics in PV plants, including an independent study that compares the performance of ultra-low total harmonic distortion inverters.
Reliance signs alkaline electrolyzer deal with Norway’s Nel
Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.
NTPC extends bidding for 630 MW of solar
NTPC Renewable Energy Ltd has invited bids to set up 630 MW of grid-connected solar PV projects on a turnkey basis in Madhya Pradesh. Bidding closes on June 18.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
