REC posts highest-ever annual profit of INR 15,713 crore
REC Ltd, a non-banking financial company focused on the power sector, has reported a record net profit of INR 15,713 crore for FY 2024-25, marking a 12% increase from INR 14,019 crore in FY 2023-24. Total income rose by 19% year-on-year to INR 55,980 crore.
The Hydrogen Stream: Sungrow starts world’s largest dual-tech green H2 plant
Sungrow Hydrogen has started production at China’s largest dual-tech green hydrogen project combining PEM and alkaline electrolyzers, while HNO International has partnered with Zhuhai Topower to pilot its modular hydrogen platform in China.
NTPC to launch INR 4,000 crore NCD issue this week
NTPC has decided to raise INR 4,000 crore through the issuance of unsecured, non-convertible debentures on a private placement basis on May 9.
India to reach 160 GW of solar module capacity, 120 GW of cells by 2030
A new report by SolarPower Europe, with India-specific projections contributed by the National Solar Energy Federation of India (NSEFI), projects India’s solar module manufacturing capacity to increase significantly from 80 GW in 2025 to 160 GW by 2030. Cell manufacturing capacity is projected to grow from 15 GW to 120 GW.
Reliance Power allots 10.55 crore shares aggregating INR 348.15 crore upon warrant conversion
Reliance Power said the capital infusion will strengthen its growth trajectory in the renewable energy sector.
Tracking the Sun for a brighter tomorrow
Solar trackers are not just an upgrade to existing PV setups—they have the potential to be as crucial as any other component in a solar power plant.
De-risking investments for India’s energy transition
As India strives to move away from its reliance on coal and other fossil fuels, financing this transition remains one of the greatest hurdles. The key challenge lies in de-risking investments to attract the necessary capital for a sustainable and low-carbon energy future.
Malaysia introduces rooftop solar aggregation scheme
Malaysia’s first rooftop aggregation initiative for solar systems is now live. The program allows homeowners to lease or rent their rooftop for solar generation, with the electricity produced sold to commercial and domestic customers within a 5 km radius.
Strategies for de-risking early-stage renewable energy projects
Over 70% to 90% of early-stage projects fail and are never constructed, according to findings reported by Paces.
ReNew secures $100 million from BII to scale solar manufacturing operations
The funding will support the construction of a new state-of-the-art 4 GW TOPCon cell facility in Dholera, Gujarat.
