Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
India has installed more than 180 GW of renewable energy capacity as of Dec. 31
India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.
SJVN allocates 1.5 GW of solar at $0.030/kWh
JSW Neo Energy secured the biggest slice of 700 MW. Other winners include BluPine Energy and Mahindra arm Furies Solren (300 MW each), GRT Jewellers (150 MW), and NTPC Renewable Energy (50 MW).
Avaada Energy wins over 1.4 GWp of solar projects across India
Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.
Global solar corporate funding up 42% in 2023
Investors and developers raised more than $34.3 billion in 160 deals last year, according to a new report by Mercom Capital.
UPPCL, SECI sign 1 GW solar power sale agreement
The Uttar Pradesh Power Corp. Ltd (UPPCL) will procure 1 GW of solar power from interstate transmission system (ISTS) connected projects with SECI as the intermediary procurer (trader).
NTPC launches 1 GW wind-solar hybrid tender
NTPC has invited bids to develop wind-solar hybrid projects for supply of 1 GW of power. The project can be located anywhere in India and must connect to the interstate transmission system.
Philippines proposes register for PV system installers
The Philippines’ Department of Energy (DOE) is moving ahead with plans to require solar system installers to officially register with it. The DOE says that only registered installers will be recommended to government entities seeking PV installation services.
SJVN gets Letter of Intent from GUVNL for 200 MW solar project
SJVN Green Energy Ltd will develop the project on a build-own-operate basis and supply the power generated to Gujarat Urja Vikas Nigam Ltd under a 25-year power purchase agreement. The project can be located anywhere in India.
Gensol Engineering raises INR 900 crore equity through preferential round
Gensol Engineering, a solar EPC and electric mobility solutions provider, has raised INR 900 crore ($108.46 million) equity capital from international and domestic investors.
