Alpex Solar IPO records 303 times subscription
The solar manufacturer will utilize the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and establish an aluminium frame manufacturing unit, besides meeting working capital expenses.
Apraava wins a new transmission project in Madhya Pradesh
This is Apraava’s third transmission project win within the last 12 months. The project involves setting up 40 km of 765 kV double-circuit transmission lines and a 3,000 MVA substation.
Mahindra Susten wins 300 MW in SJVN’s 1.5 GW solar auction
Mahindra Susten will develop the project on a build-own-operate basis and supply power to SJVN under a 25-year power purchase agreement.
Gensol Engineering, Matrix Gas consortium wins production-linked incentives for hydrogen electrolyzer manufacturing
Gensol Engineering Ltd and and Matrix Gas & Renewables Ltd have won government incentives for electrolyzer manufacturing capacity of 63 MW per annum.
JSW Group to set up 50 GWh EV battery fab in Odisha
JSW Group has signed an agreement with the Odisha government to set up integrated electric vehicles (EVs) and 50 GWh battery manufacturing facilities with an investment of INR 40,000 crore in the state.
Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
India has installed more than 180 GW of renewable energy capacity as of Dec. 31
India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.
SJVN allocates 1.5 GW of solar at $0.030/kWh
JSW Neo Energy secured the biggest slice of 700 MW. Other winners include BluPine Energy and Mahindra arm Furies Solren (300 MW each), GRT Jewellers (150 MW), and NTPC Renewable Energy (50 MW).
Avaada Energy wins over 1.4 GWp of solar projects across India
Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.
Solis hits 4 GW milestone in India
Solis has shipped 4 GW of solar inverters in India since its entry in the nation in 2015.
