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Energy and Power

SECTOR | 26 Nov 2024

Waaree Energies To Commission US Module Manufacturing Plant By December-January

NDTV Profit

In the first phase, Waaree Energies aims to commission 1.6 GW capacity and then take it to 3 GW by 2027.

Energy and Power

SECTOR | 26 Nov 2024

Premier Energies units get multiple orders of Rs 1,087 cr; stock rises 4%

Business Standard

The rise in Premier Energies share price came after the company announced that subsidiaries have received multiple orders of Rs 1,087 cr from 2 large Independent Power Producers & 1 other customer

Energy and Power

SECTOR | 25 Nov 2024

Renewable Energy PPAs for 55 GW capacity yet to find takers

Business Line

Around 224 contracts awarded during FY23 to YTD FY25 (April-October), are still awaiting PPAs to be signed

Energy and Power

SECTOR | 24 Nov 2024

B'desh seeks to review major energy projects; Adani Group's one on list too

Business Standard

A review committee formed by Bangladesh's interim government on Sunday recommended engaging an investigation agency to examine power agreements signed by deposed prime minister Sheikh Hasina's regime with different business groups, including one with India's Adani Group. The National Review Committee on Ministry of Power, Energy and Mineral Resources has recommended the appointment of a reputed legal and investigation agency to review the major power production agreements signed during the autocratic regime of Sheikh Hasina from 2009 to 2024, an official statement said. The statement, issued by Chief Adviser Muhammad Yunus's office, said the committee was currently reviewing seven major energy and power projects, including the Adani (Godda) BIFPCL 1234.4 MW coal-fired plant, a wholly-owned subsidiary of Adani Power Limited. The six other agreements include one with a Chinese company that built a 1320 MW coal-fired power plant, while the rest are with Bangladeshi business groups said

Energy and Power

SECTOR | 22 Nov 2024

Adani saga: SECI, NTPC top power contractors for Adani Green Energy

Business Standard

AGEL's plans to increase its capacity more than five-fold to 50 GW by 2030

Avaada Group To Invest Rs 5,800 Crore In Mega Pumped Hydropower Storage Project In Rajasthan

NDTV Profit | 22 Nov 2024 5 more

Energy and Power

SECTOR | 21 Nov 2024

Hyundai inks pact with Fourth Partner Energy to set up renewable energy projects in TN

Business Line

FPEL will establish a solar power plant with a 75 MW capacity & wind power unit with a capacity of 42.9 MW in the State under the Group Captive Model with a SPV

Hyundai Motor targets 100% renewable energy by 2025, to set up two TN units

Business Standard | 21 Nov 2024

Energy and Power

SECTOR | 21 Nov 2024

Tamil Nadu has nothing to do with Adani's firm: Electricity Minister Senthil Balaji

Business Line

Tamil Nadu Electricity Minister's statement comes as references to states including Tamil Nadu showed up in some news reports and social media posts regarding industrialist Gautam Adani

Energy and Power

SECTOR | 21 Nov 2024

Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom

Business Standard

India added 16.4 gigawatt (GW) of solar capacity during January-September 2024, posting a 167 per cent year-on-year rise on account of commissioning of delayed projects, Mercom Capital said. The country had installed 6.2 GW of solar capacities in the nine-month period of 2023, the US-based research firm said in its latest report. "In the nine months (9M) of January-September of the calendar year (CY) 2024, solar projects totaling 16.4 GW were added in India, an increase of over 167 per cent compared to 6.2 GW in 9M 2023. The commissioning of several previously delayed projects contributed to capacity additions in the first nine months of 2024," the report titled 'India Solar Market Update' said. As per the report, the solar installations in the July-September period rose by 78 per cent to 3.5 GW from 2 GW in the third quarter of last year. As of September 2024, India's cumulative installed solar capacity stood at 89.1 GW, of which utility-scale projects accounted for more than 86 p

India's Solar Installations Surge 167% To 16.4 GW In Jan-Sept: Mercom Report

NDTV Profit | 21 Nov 2024 1 more

Energy and Power

SECTOR | 21 Nov 2024

Tata Power shares tumble 2% after inking deal with Bhutan's firm for 5,000 MW clean energy projects

Economic Times

Tata Power's shares dipped 2.6% after announcing a partnership with Bhutan's Druk Green Power Corporation to develop 5,000 MW of renewable energy projects in Bhutan. The collaboration will focus on hydropower and solar projects, leveraging Bhutan's resources and India's energy demands.

Adani Energy Solutions to acquire 100% stake in Pune- III Transmission

Business Standard | 20 Nov 2024 1 more

Energy and Power

SECTOR | 20 Nov 2024

ReNew Energy's Q2 net profit rises 31% to Rs 440 crore on higher income

Business Standard

ReNew Energy Global Plc (ReNew) on Wednesday reported a 31 per cent rise in net profit to Rs 493.9 crore (USD 59 million) in the September 2024 quarter pushed by higher income. It posted a net profit of Rs 377.1 crore (USD 45 million) in the July-September period of preceding 2023-24 fiscal, the Nasdaq-listed entity said in a statement. ReNew's total income in the second quarter also rose to Rs 2,988.7 crore (USD 357 million) from Rs 2,863.2 crore (USD 342 million) during the same period last financial year. Net profit for April-September or H1 FY25 was Rs 533.3 crore (USD 64 million), compared to Rs 675.4 crore (USD 81 million) for H1 FY24. Total income was Rs 5,471.3 crore (USD 653 million) during the period over Rs 5,329.1 crore (USD 636 million) for H1 FY24. As of September 30, 2024, the company's portfolio consisted of 15.6 GW compared to 13.8 GW as of September 30, 2023. Subsequent to the end of the quarter, the company signed PPAs (Power Purchase Agreements) for 0.7 GW of

ReNew Q2 Results: Profit Rises 31% To Rs 440 Crore

NDTV Profit | 20 Nov 2024