ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
Airtouch Solar signs $8.5 million cleaning robot contract with ReNew
Airtouch Solar will supply and install its dry-cleaning robots for PV panels in ReNew projects. It will also provide operation and maintenance support for 25 years.
ReNew, Gentari collaborate for 5 GW renewables capacity in India
ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.
PFC signs MoUs for clean energy lending worth around $29 billion
Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Ltd, and Rajasthan Renewable Energy are amongst companies that signed the MoUs to raise funds for their clean energy projects.
SECI wraps up 2 GW solar tender with $0.032/kWh tariff
The winning developers can set up projects anywhere in India, as long as these are connected to the interstate transmission system (ISTS).
ReNew signs MoUs worth $7.8 billion for green energy projects
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) committed debt funding of $3.9 billion each.
ReNew commissions 70 MW of C&I wind-solar projects
ReNew has commissioned a 42.8 MW renewable energy project for consumption by Sandur Manganese & Iron Ores and another 27.2 MW for Toyota Kirloskar Motor.
WattPower signs 1.2 GW string inverters supply deal with ReNew
Pavit Gandhi, sales director at WattPower Systems, told pv magazine that WattPower Systems will supply 1 GW of string inverters by December 2023 and the balance by March 2024 for ReNew’s multiple renewable energy projects.
India’s solar report card for FY 2022-23
India installed 9.8 GW of utility-scale solar and 2.2 GW of rooftop PV capacity in the twelve months ending March 31, 2023.
People on the move: Longi Hydrogen and Hygenco
Gaurav Gaba has joined Longi Hydrogen as sales director. Shashank Adlakha is starting a new position as a chief operating officer at Hygenco -The Hydrogen Company.
