Hydrogen energy: India’s path to a sustainable future
The widespread adoption of hydrogen energy has the potential to reduce India’s annual greenhouse gas emissions by 50 million tonnes by 2030. This transition will not only contribute significantly to global climate goals but also drive economic growth through job creation, increased energy security, and enhanced industrial competitiveness.
SECI allocates 600 MW of solar at $0.036/kWh
Acme Solar, Adani Renewable Energy and ReNew have emerged winners in Solar Energy Corp. of India’s 1 GW solar tender.
NTPC’s 1.2 GW solar auction draws lowest bid from BPCL
NTPC’s 1.2 GW solar auction has attracted the lowest tariff of INR 2.55/kWh from oil and gas major Bharat Petroleum, which secured 150 MW of project capacity.
ReNew switches on 750 MW solar in Rajasthan
ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan. The project utilises solar panels manufactured by ReNew entirely in India.
ReNew Q2 profit up 31% YoY
ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
SJVN allocates 1.2 GW of renewables-plus-storage capacity at average price of $0.051/kWh
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy.
ReNew signs 437.6 MW green attribute contract with Microsoft
This contract is expected to generate over one million units of green electricity attributes annually, contributing to Microsoft’s ambition to be carbon-negative by 2030.
ReNew switches on 400 MW solar project in Rajasthan
ReNew has inaugurated a 400 MW solar project in Rajasthan. The project is part of a 600 MW power purchase agreement with Solar Energy Corp. of India (SECI) for 25 years.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
