India 2024-25 budget: A strategic and holistic focus on energy sector
India’s 2024-25 budget reflects a strategic and holistic approach to the energy sector, emphasising sustainability, innovation, and energy security. By promoting pumped storage, advancing nuclear technology, transitioning to emission targets, and supporting renewable energy and energy efficiency, the budget lays a strong foundation for a sustainable and resilient energy future
Advait Energy invests in Norway’s TECO 2030
Advait Energy Holdings has invested in the Norwegian company TECO 2030 that develops PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules. Post this initial tranche of investment, it holds 2.63% shares of TECO 2030.
GameChange Solar to supply trackers for NLC’s 780 MWp PV project in Gujarat
GameChange Solar will supply its Genius Tracker 1P-2Row, with deliveries starting in the fourth quarter of 2024.
SJVN allocates 1.2 GW solar at average price of $0.030/kWh
Acme Solar, Essar Renewables, NTPC Renewable Energy, Onward Solar, and SAEL Industries have emerged winners in SJVN’s tender for the selection of developers for 1.2 GW of solar projects anywhere in India.
India installed 12.1 GW of solar in H1 2024
India installed about 9.6 GW of utility-scale solar, 1.8 GW rooftop, and 688 MW off-grid capacity in the Jan.-June period of 2024, says a new report by JMK Research.
KPI Green’s Q1 profit grows 99% yoy
KPI Green Energy’s revenue for the April-May-June quarter increased 83% year-on-year to INR 350 crore. Profit is 99% up to INR 66 crore.
JSW Energy secures LoA for 230 MW renewables-plus-storage project
JSW Neo Energy has received a letter of award from Solar Energy Corp. of India (SECI) to set up renewable energy projects backed with energy storage system for supply of 230 MW of firm and dispatchable renewable power in a demand-following manner.
Blueleaf Energy reaches financial close for 200 MW hybrid wind-solar power plant in India
Blueleaf Energy has secured around $170 million from Axis Bank to finance its 200 MW hybrid wind-solar power plant in Madhya Pradesh.
Reliance obtains BIS certification for solar panels
Reliance Industries expects to commission its first train of solar module and cell manufacturing at Jamnagar within the current fiscal year.
Optimizing renewable energy project in the face of climate change
Stable government policies, adaptable technological solutions, diversified investments, robust financial planning, and active community engagement are crucial for achieving long-term success in the renewable energy sector.
