Solex Energy profit grows 222% YoY in FY 2023-24
Solex Energy Ltd, a Surat-based solar panel manufacturer and EPC provider, has posted revenue from operations of INR 3,659.2 million and a net profit of INR 87.3 million for FY 2023-24.
SECI launches 1.2 GW solar tender
Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate basis in India. Bidding closes on July 12.
High import duties affecting solar deployment in Bangladesh
Analysts at a recent event in Dhaka called for the removal of high import duties on solar products in Bangladesh, as it could reduce PV system prices by up to 11%.
Malaysia’s UIS installs WGR regrooving, recoating solution at 2 GW Mundra solar facility
UIS Technologies has commissioned its polyurethane (PU) recoating and regrooving solutions for wire guide rollers (WGRs) at Adani’s 2 GW solar ingot-wafer plant in Mundra, Gujarat.
Avaada Energy secures $38 million for captive solar project in Karnataka
Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.
Jakson Green secures INR 600 million to advance renewable energy projects
Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.
The role of renewable energy in achieving India’s net zero goals
The road to net-zero emissions in India doesn’t require herculean efforts. We can get there by wholeheartedly adopting renewables, investing in innovation and technology, and promoting public-private partnerships to build a better, cleaner, and more sustainable India for generations to come.
Havells India to ramp up solar power capacity to 16 MW
Havells India will expand the solar power generation capacity for self-consumption to 16 MW by installing a 4.6 MW solar power plant at its Alwar facility this fiscal.
Gensol Engineering profit 129% up in FY 2024
Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.
Maxvolt secures $1.5 million for lithium battery plans
Maxvolt Energy Industries has raised $1.5 million from angel investors to accelerate its lithium battery research and development efforts, enhance the production capacity, and expand market reach.
