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.
Sungrow secures 850 MW inverter supply contract with Hero Future Energies
Sungrow will supply 1500V inverter solutions for Hero Future Energies’ multiple renewable energy projects located in India.
Freyr Energy aims to solarize 1,000+ homes in Uttar Pradesh by March 2025
Freyr Energy, a residential solar rooftop solutions company in India, aims to install rooftop solar on more than 1,000 homes in Uttar Pradesh by March 2025.
Tata Power Renewable Energy, NHPC partner for rooftop solar installation on government buildings
Tata Power Renewable Energy and NHPC have signed a memorandum of understanding for implementation of rooftop solar projects across government buildings under the PM Surya Ghar Yojana.
Ultratech Cement raises 26% stake in solar, hybrid RE plants for self-consumption
UltraTech Cement Ltd has acquired 26% equity stake in a special purpose vehicle formed to set up a 30.85 MW hybrid project with battery storage in Gujarat and a 3.54 MW solar project in Rajasthan and Odisha.
Tata Power to invest INR 20,000 crore capex in FY 2025
Tata Power chairman N Chandrasekaran announced that a large part of the investment will go in accelerating the company’s renewable energy portfolio. The balance will be used towards transmission and distribution businesses.
SECI concludes 1.2 GW/1.2 GWh solar, storage tender with average price of $0.041/kWh
Acme Solar Holdings, Hero Solar Energy, JSW Neo Energy and Pace Digitek Infra have emerged winners in Solar Energy Corp. of India’s tender for setting up 1.2 GW solar with 600 MW/1.2 GWh energy storage capacity.
Waaree Renewable secures EPC contract for ISMT’s 30 MWp solar project in Maharashtra
Waaree Renewable Technologies Ltd will provide comprehensive engineering, procurement, and construction (EPC) services for ISMT’s 22 MW AC (30 MWp DC) ground-mounted solar project in Maharashtra.
Karnataka launches 100 MW/130 MWh solar-plus-storage tender
Karnataka Renewable Energy Development Ltd (KREDL) is accepting bids to set up a ground-mounted grid-connected 100 MW AC solar PV plant along with 130 MWh battery energy storage system in the Kalaburgi district of Karnataka.
Jupiter International secures INR 300 crore to expand solar manufacturing
Jupiter International, which has a solar cell production capacity of 800 MW per year, will use the funds to set up a 1.8 GW PV cell and 1.2 GW panel manufacturing facility. The company has also entered into a joint venture with AmpIn Energy to develop an integrated solar cell and module capacity of 1.2 GW each.
