Anil Ambani’s Reliance Power debarred from participating in SECI’s tenders for three years
The debarment follows the submission of a fake document by Reliance Power’s arm Maharashtra Energy Generation Ltd (the ‘bidder’), now known as Reliance NU BESS Ltd, in response to SECI’s tender for setting up 1 GW/2 GWh of standalone battery energy storage (BESS) projects.
Waaree Energies secures 180 MWp solar module supply order
Waaree Energies has secured the order to supply 180 MWp of solar modules to a domestic renewable power producer.
India added ‘record’ 17.4 GW solar in first nine months of 2024, says JMK Research
India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW offgrid/distributed PV capacity.
India’s expanding battery energy storage ecosystem presents INR 3.5 trillion investment opportunity till FY 2032
An SBICAPS report says funding of the battery energy storage ecosystem in India (spanning the project as well as the upstream level) presents an INR 3.5 trillion opportunity till FY32, with an INR 800 billion medium-term investment potential provided by upcoming cell manufacturing capacities.
SJVN allocates 1.2 GW wind-solar hybrid capacity at $0.038/kWh
Datta Infra, EG Energy (Enfinity Global), Gentari Renewables, Juniper Green, and Sunsure Energy have emerged winners in SJVN’s auction for 1.2 GW of wind-solar hybrid capacity.
Waaree Renewable Technologies posts its highest-ever quarterly revenue at INR 524.47 crore
Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 524.47 crore and net profit (profit after tax) of INR 53.52 crore for the second quarter ended on Sept. 30, 2024 (Q2 FY 2025).
Rajesh Power Services plans to raise around INR 150-160 crore through IPO
The Gujarat-based EPC service provider for the power sector intends to utilise part of the net proceeds for in-house development of technical expertise in the production of green hydrogen and associated equipment such as electrolysers.
India added 12.8 GW of solar capacity in H1 2024, says Mercom
India installed 12.8 GW of new solar capacity in the Jan-June period of 2024. This included 11.7 GW from large-scale solar projects (including 3.7 GW of off-site C&I projects) and more than 1.1 GW rooftop PV.
K.P. Energy to build 1 GW of solar, hybrid projects
K.P. Energy will install and commission 728.7 of wind-solar hybrid and 275 MW of solar projects.
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.
