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ReNew announces results for Q4 FY22 and FY 2022, both ended March 31, 2022

The company’s total Income (or total revenue) for FY22, ended March 31, 2022, was INR 69,195 million (US$ 912 million), an increase of 27.0% from FY21.

Power discoms facing headwinds owing to modest tariff hikes amidst rising costs and adoption of additional prudential norms by lenders: ICRA

Payables to power generators remain high at INR 1.3 trillion as of May 2022; discoms are allowed to clear the dues to power generators through 12-48 month installments.

Olympus to use 100% renewable electricity at R&D and manufacturing sites in Japan 

Leads to 70% renewable energy use on a global level and marks significant progress towards achieving net zero carbon emissions by 2030.

Connectivity and open access applications of CTUIL integrated through national single window system

This will enable single-point approvals for investors, entrepreneurs and businesses.

Air Products awarded long-term hydrogen and nitrogen supply agreement for Indian Oil Corporation

The new industrial gas complex will be Air Products’ second build, own and operate onsite facility in India.

HFI ramps up International Local Partner Solutions service in ME & key expansion regions

HFI’s focus is on ventures which combine advanced energy technology and know-how with opportunities in the Middle East, East Mediterranean/North Africa, Caspian/Central Asia, East Africa and India regional zones including new in-country businesses, joint ventures and acquisitions.

Solar battery market to reach 540 million in market size by 2030, growing at a CAGR of 15.5%

The global solar battery market was worth US$148 million in 2021. It is expected to reach an estimated value of US$ 540 million by 2030 at a CAGR of 15.5% during the forecast period 2022–2030

IEX power market update May 2022

IEX achieved 7,596 MU volume in May 2022, achieving 16% yoy volume growth across all market segments. Green market accomplished 642 MU volume, seeing 80% YoY growth.

Union Minister Bhagwant Khuba launches NSEFI’s Pan-India Rooftop Solar Awareness Campaign

The campaign shall aim at mobilizing local government, citizens, RWAs, and Municipalities to spread awareness of solar rooftops.

Essar Power enters into agreement with ATL to sell transmission asset

With this transaction, Essar Power is rebalancing its power portfolio with the twin objective of deleveraging its balance sheets and investing in green and renewable power, thereby furthering its ESG-oriented future growth.

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