Budget 2025 expectations of the Indian renewable energy industry
Regulatory and fiscal incentives to set up specialized labs in collaboration with leading international and domestic research institutions, reduction of Goods and Services Tax (GST) on turbines and solar modules, and ISTS charges waiver extension are on the budget wishlist of the renewable energy industry in India.
Union Budget 2025: Expectations of India’s solar industry
With the Union Budget 2025-26 approaching, the solar industry anticipates key policy and financial measures to sustain this momentum. The budget is expected to increase funding for green technologies, including solar, wind, and green hydrogen.
Waaree Energies Q3 profit grows 260% YoY
Waaree Energies has reported a total income of INR 35,452.65 million and net profit (profit after tax) of INR 5,068.76 million for the third quarter of FY 2025.
Jupiter International commits INR 2,005 crore for solar manufacturing in Odisha
Jupiter International will invest INR 2,005 crore into setting up a facility with an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules.
NTPC tenders 1.2 GW solar with 600 MW/2,400 MWh energy storage
NTPC Ltd has launched the tender for selection of solar power generators to set up 1.2 GW of solar PV power projects with 600 MW/2,400 MWh of energy storage systems anywhere in India.
Blueleaf, Jakson partner for 1 GW of solar projects in Rajasthan
Blueleaf Energy and Jakson target to jointly develop over 5 GW of renewable energy projects in India. The first project under the partnership is a 1 GW solar portfolio in Rajasthan, which benefits from 25-year power purchase agreements secured with the Solar Energy Corp. of India, NHPC, and Rajasthan Urja Vikas Nigam Ltd.
NTPC rolls out CO2 battery storage project at Kudgi thermal power station
NTPC Ltd, in partnership with Triveni Turbine and Italy’s CO2 battery technology company Energy Dome, will set up a 160 MWh CO2 battery project at its Kudgi super thermal power station in Karnataka.
Acme Solar Q3 net profit 152% up YoY
Acme Solar has reported consolidated revenue of INR 401 crore and consolidated net profit of INR 112 crore for the quarter ended Dec. 31, 2024.
Enfinity Global secures connectivity for 2 GW of solar and wind projects in India
Enfinity Global has secured connectivity for 2 GW of utility-scale solar PV and wind projects in Rajasthan, Uttar Pradesh, Maharashtra, and Karnataka
Avaada Group commits INR 20,700-crore renewables, storage investment in Odisha
Avaada Group has committed INR 20,700 crore for setting up 1.5 GW of floating solar projects, two 1 GW pumped storage projects, and green energy equipment manufacturing units in the Indian state of Odisha.
