Author: Chitrika Grover

Global Solar Inverter Shipments Grew By 56%: Wood Mackenzie

Solar inverter shipments surged by 56%, reaching 536 Gigawatts (GW) of alternating current (GWac) in 2023, reflecting robust growth in the solar industry, a latest report from Wood Mackenzie said.  According to Wood Mackenzie’s “Global Solar Inverter and Module-Level Power Electronics Market Share 2024” report, the top 10 global PV inverter vendors captured 81% of […]

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GAIL, RRVUNL Collaborate For 1 GW Solar & Wind Project

GAIL Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) recently joined hands to set up around 1 GW of solar and wind projects in suitable land parcels, thus creating an opportunity for Round the Clock (RTC) power. Both parties will work together towards setting up around 1,000 MW of solar and wind projects in […]

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Green Stocks Aug 8: After Q1 Announcement, KPI Stock Price Surges

With the closing of the first quarter (Q1) results today, the stock prices of Indian renewable energy comapany KPI Green shot up. Its stocks surged to 5% today. Alongside KPI, Waaree Renewable Technologies also hit the upper circuit by gaining 5% growth. Another company that saw gains in stock prices is Suzlon Energy those stocks […]

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Mooving, HPCL Collaborate To Expand Battery Swapping Stations

Mooving, a smart swapping network powered by Livguard and a brand under the SAR Group announced collaborating with Hindustan Petroleum Corporation Limited (HPCL), a government enterprise. Under the partnership, Mooving will get access to 22,000+ HPCL retail outlets across India to install its automated swapping stations.  One of the key factors in HPCL’s decision to […]

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Exicom Set To Acquire Tritium, Expands Footprint In EV Charging

Exicom Tele-systems Limited along with its subsidiaries together referred to as, Exicom, an Electric Vehicle (EV) charger manufacturer, today entered into a definitive agreement under which it will acquire business and assets of Tritium group of companies (referred to as Tritium), an Australian based DC Fast Chargers provider. With over 13,000 DC Fast Chargers sold […]

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Reliance Set To Launch Its First Solar Gigafactory By FY25

Reliance Industries, in its Integrated Annual Report 2023-24, shared its plans to commission its first solar Gigafactory in FY25, with most of the company’s renewable energy development and manufacturing operations at Jamnagar. In its business review, Reliance highlighted the growth the company has achieved from 2023 to 2024. Regarding its renewable energy (RE) plans, Reliance […]

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NTPC-REL Floats 1 GW Tender For Land, Power Evacuation In MP

NTPC Renewable Energy Ltd. (NTPC-REL) recently issued a tender to commission a land and power evacuation system for a 1000 MW solar PV project in the Mandsaur region of Madhya Pradesh, with the bid submission deadline set for 11th September 2024. The tender mandates that bidders meet certain criteria for land-related works. The detailed scope […]

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Green Stock August 7: Most Green Firms See A Facelift

After a gloomy day in the stock market, today stock prices of most renewable energy companies received positive gains. The stock prices of three companies namely, Waaree Renewable Technologies,  Sterling and Wilson Renewable Energy, and Suzlon Energy made a 5% gain.  Companies like SJVN, KPI Green, and Adani Green witnessed 3.61%, 3.81%, and 1.33% gains […]

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Servotech Bags 1.2 MW UPNEDA Order To Develop Solar Plus Storage Systems

Servotech Power Systems Ltd., a manufacturer of solar solutions and EV chargers has secured a total of 1.2 MW order worth approximately Rs. 10.20 crores for the deployment of grid-connected solar energy storage systems (ESS). The order has been secured from the Rural Development Department of Uttar Pradesh and the Uttar Pradesh New and Renewable […]

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