IBM acquires Prescinto for renewables asset performance management
Prescinto is a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Its acquisition will enhance the capabilities of IBM’s integrated solution for asset lifecycle management.
Sterling and Wilson Renewable Energy hits unexecuted order value of more than INR 10,500 crore
Sterling and Wilson Renewable Energy’s unexecuted order value has increased to its highest ever at more than INR 10,500 crore with order inflow of around INR 2,050 crore in Q2 FY25.
SmartHelio launches AI-powered solar forecasting tool with accuracy up to 98.5%
SmartHelio’s solar analytical tool leverages socio-economic and climate data to deliver high accuracy in predictive analytics.
ABB surpasses 10GW milestone in delivering automation solutions for renewable energy plant in India
ABB’s programmable logic controller-based automation solutions are now catering to more than 10 GW of renewable energy plants, including solar, wind and battery energy storage systems.
Sterling and Wilson Renewable Energy revenue grows 78% YoY in Q1
Sterling and Wilson Renewable Energy posted a revenue of INR 915 crore and net profit of INR 5 crore for the current fiscal’s first quarter ending June 30, 2024. The company reported strong order inflow of INR 2,170 crore in the quarter.
Lifecycle management in renewable energy projects
Routine inspections, monitoring systems, and predictive maintenance techniques play a vital role in optimizing energy output and ensuring the success and longevity of solar and wind power projects.
Guide to solar development under PM-KUSUM Scheme
Achieving and maintaining a capacity utilization factor (CUF) of 19% over 25 years without deration is feasible through careful selection of high-efficiency, low-degradation solar panels, and implementing robust design, maintenance, and monitoring strategies. By following the guidelines provided in this article, developers can ensure compliance with PM-KUSUM scheme and achieve sustainable, long-term performance of their solar power plants.
Grid upgrades needed to support Asia Pacific’s renewable energy expansion
A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.
Optimizing solar investments
In India’s quest for a sustainable energy future, solar asset management emerges as a key to optimizing investments, ensuring reliability and maximizing productivity.
Sterling and Wilson Renewable Energy revenue up 51% YoY
Sterling and Wilson Renewable Energy has reported consolidated revenue of INR 3,035 crore in FY 2024, 51% up year-on-year. The company’s unexecuted order book surpassed INR 8,000 crore.
