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.
GameChange Solar surpasses 3.6 GW of tracker projects across MENA, Central Asia
GameChange Solar has surpassed 3.6 GW of tracker projects—installed and under deployment—across Middle East & North Africa (MENA) and Central Asia.
Scatec starts constructing large-scale solar, battery storage project in Egypt
Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. The first phase of the project is scheduled for commercial operation during the first half of next year.
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.
Solex Energy secures 310 MW solar module order from KPI Green
Solex Energy Ltd will supply 310 MW of n-type TOPCon 615 Wp glass-to-glass (G12R) solar PV modules to KPI Green Energy’s projects for Gujarat Urja Vikas Nigam Ltd.
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.
NLC India secures PPA for 810 MW solar project in Rajasthan
NLC India Renewables Ltd has secured a power purchase agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd for an 810 MW solar power project in Rajasthan.
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.
