Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
India re-elected as president of International Solar Alliance
The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.
India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
AMPIN Energy, Varroc sign PPA for another 27 MWp solar project
With this additional capacity, Varroc’s total contracted solar capacity with AMPIN Energy Transition exceeds 60 MWp.
Servotech launches solar inverters, microinverters and battery storage systems
Servotech Power Systems has launched solar solutions including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters feature maximum power point tracking, built-in WiFi, and reverse power transmission.
Tata Power, Keppel join hands to launch Cooling-as-a-Service solutions in India
Cooling-as-a-Service solutions enable businesses and building owners to subscribe to long-term, energy-efficient space cooling solutions without having to invest heavily in infrastructure.
Sunsure Energy commissions its sixth open access solar power plant in Uttar Pradesh
The 49 MWp solar plant, located in Augasi, Banda, takes the company’s total commissioned solar open access projects in the state to 160 MWp.
Adani Green Q2 net profit up 39% YoY
Adani Green Energy Ltd has reported a consolidated net profit of INR 515 crore for the three months ending September 30, 2024 (Q2 FY 2025). Consolidated revenue from operations stood at INR 2,308 crore.
Megha Engineering secures 618.1 MW solar PPA with BESCOM
Megha Engineering and Infrastructures Ltd will develop 76 solar power plants of varying capacities in RESCO mode under the PM-KUSUM C initiative.
