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SECTOR | 28 Jan 2025

Suzlon Energy Q3FY25 results: Net profit surges 91% to Rs 388 crore

Business Standard

Renewables solutions provider Suzlon Energy on Tuesday posted 91 per cent jump in consolidated net profit at Rs 388 crore for December quarter on the back of higher revenues. The company had a net profit of Rs 203 crore in the quarter ended December 31, 2023, a company statement said. According to the statement, net revenue rose to Rs 2,969 crore from Rs 1,553 crore in the same period a year ago. The company also achieved record quarterly deliveries of 447 MW in October-December 2024. Manufacturing capacity reached 4.5 GW with revamped Puducherry and Daman Nacelle facilities. It also logged the highest-ever order book at 5.5 GW, and C&I and PSU now constitute 80 per cent of the total order book. "One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we're delivering reliable, affordable solutions that power their

Energy and Power

SECTOR | 28 Jan 2025

Indian Oil targets 5-6 GW renewable energy projects in green push

Business Line

Indian Oil aims to add 31 GW of renewable energy capacity by 2031 through organic growth and mergers and acquisitions

Energy and Power

SECTOR | 27 Jan 2025

Tata Power's TP Solar Bags Rs 455 Crore Solar Module Order From Maharashtra State Power Generation Company

NDTV Profit

The ALMM certified modules will be delivered to multiple locations across Maharashtra in current year, the filing said.

Energy and Power

SECTOR | 27 Jan 2025, 02:56PM

Spandana, RInfra, Newgen among 685 stocks to hit lower circuit on the BSE

Business Standard

KPI Green Energy, Sterling & Wilson Renewable Energy, Jai Corp, PTC Industries and GMR Power & Urban Infra from the BSE A group were locked at the lower circuits in intra-day deals on Monday.

Energy and Power

SECTOR | 27 Jan 2025, 10:42AM

L&T named preferred contractor for world's largest solar-battery project

Business Line

The project, being developed by UAE's Masdar in collaboration with Emirates Water and Electricity Company (EWEC), will be the world's first 24/7 solar PV and battery storage facility at gigawatt scale

China's rising power demand hinders climate goals as coal usage increases

Business Standard | 26 Jan 2025, 11:16PM

Energy and Power

SECTOR | 26 Jan 2025, 03:01PM

PM Suryaghar, PM Kusum beneficiaries ambassadors of India's RE journey: MNRE

Business Line

The Minister of New & Renewable Energy, Joshi meets with beneficiaries of renewable energy schemes, urging them to be India's RE ambassadors

Energy and Power

SECTOR | 26 Jan 2025, 02:40PM

Power producers face loss as CERC bars payment till plants begin ops

Business Standard

Power producers have opposed Central Electricity Regulatory Commission's new norm of not mandating any payments for power they supply to grid before start of commercial production as it may lead to heavy losses. An association of power producers on January 23 wrote to CERC on the new provision for so-called infirm power, seeking a review of the norm. The decision to not pay for infirm power will lead to a huge loss. Thermal power generators can incur an expense to an extent of Rs 1,000 crore during the 6-12 month trial period towards infirm power before they achieve commercial operation of the plant. "All generating stations will face serious financial constraints in conducting the testing and commissioning activities to complete the trial run operation, as there will not be any source of funding for the fuel expenses. Normally, lenders do not fund fuel expenses," the Association of Power Producers wrote to CERC. Earlier, the regulatory regime allowed recovery of some price/cost ..

Energy and Power

SECTOR | 25 Jan 2025

NTPC Green Energy Q3FY25 results: Net profit grows 18% to Rs 66 cr

Business Standard

NTPC Green Energy Ltd (NGEL) on Saturday reported 18 per cent rise in consolidated net profit at Rs 65.61 crore for December quarter FY25, on account of higher income. It had logged Rs 55.61 crore net profit in the year-ago quarter, the company said in an exchange filing. Total income rose to Rs 581.46 crore from Rs 463.46 crore. Expenses were at Rs 482.22 crore as against Rs 383.28 crore. Recently listed NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes. On Friday, NGEL said its arm NTPC Renewable Energy Limited (NTPC REL) has won a 300 megawatt (MW) solar project from NHPC bidder in the e-reverse auction conducted by NHPC.

Energy and Power

SECTOR | 24 Jan 2025

Sembcorp launches first greenfield largest utility-scale solar farm in Oman

Business Standard

Sembcorp Industries, headquartered in Singapore, launched its 588 MW solar power project in Oman on Friday. Bilarab bin Haitham Al Said of the Royal Family and the second son of Sultan Haitham bin Tariq, inaugurated the project, the company said. The plant is Sembcorp's first greenfield renewables development project in the Middle East and also the 'largest utility-scale solar farm' in the global renewables portfolio of the company. "The inauguration of Manah 2 Solar Power Plant marks a key milestone in Sembcorp's commitment to Oman's transition to a sustainable future, and strengthening (its) partnership with Nama Power and Water Procurement Company. As Sembcorp's largest utility-scale solar plant globally, it supports Oman's Vision 2040 by advancing the nation's renewable energy targets," said Sembcorp Industries, CEO of Middle East and Chairman, South Asia, Vipul Tuli. The plant would provide clean energy to approximately 60,000 households, reducing carbon emissions, he said in

Energy and Power

SECTOR | 24 Jan 2025

Suzlon and Torrent Power achieve 1 GW wind energy milestone with a new 486 MW order

Business Line

Suzlon will supply 162 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) Towers, each rated at 3 MW capacity in the Bhogat region in Gujarat

Reports on projects in Sri Lanka being cancelled false and misleading: Adani Group

IBTimes India | 24 Jan 2025 5 more