Author: Chitrika Grover

CEA Expedites PSP Approvals, Sets To Develop Two New Projects

To ensure the rapid commissioning of Hydro Pumped Storage Projects (PSP), the Central Electricity Authority (CEA) has granted concurrence to two projects: the 600 MW Upper Indravati project in Odisha, developed by OHPC Ltd (a Government of Odisha Undertaking), and the 2000 MW Sharavathy project in Karnataka, developed by KPCL (a Government of Karnataka Undertaking). […]

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Q1 Results: Nextracker Reports 50% Revenue Growth On YoY

Global solar tracker company Nextracker announced its financial results for Q1 of the fiscal year 2024-25. The company reported a 50% increase in revenues on a year-over-year (YoY) basis. For FY25, Nextracker provided its full-year outlook, in which it made a revenue between $2.8 billion and $2.9 billion. The company also gained a GAAP net […]

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Oorja Raises $1.5M Pre-Series A For Farming-As-A-Service Model

Oorja, a solar irrigation services and agricultural advisory to smallholder farmers in India, successfully closed its US$1.5 million Pre-Series A funding round. The company in the recent round attracted $1.2 million in equity finance from impact investors like Acumen, elea, a family trust advised by Artha Impact, Echoing Green Signal Fund, Partners Group via its […]

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Soltec, Fraunhofer ISE Build New Prototype For Concentrating PV

Soltec, a vertically integrated solutions provider in the photovoltaic solar energy sector, specializing in the manufacturing of solar trackers for large-scale projects, has partnered with the Fraunhofer Institute for Solar Energy Systems ISE to develop a new prototype consisting of a two-axis tracker for concentrating photovoltaic applications. This project, led by Fraunhofer ISE, aims to […]

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Green Stocks Aug 1: Shakti Pumps, KPI Green See Highest Growths

On a day when the market couldn’t quite make a decisive move in any direction save for the small cap and midcap indexes, our green stocks pack mirrored the same as well. So even as large developers Adani Green Energy and Tata Power gained, JSW Energy shed some points. Among the pack of solar EPC’s, […]

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MERC Offers Compensation To SJVNL On Delayed Payment From MSEDCL

Maharashtra Electricity Regulatory Commission (MERC) released an order in response to a petition filed by SJVNL, seeking payment of outstanding dues from its wind energy projects in Maharashtra. SJVNL also urged the state power regulator to penalise MSEDCL for their alleged delay in payments. The State Commisson, after hearing the arguments of the petitioner and […]

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Amara Raja, Ather Plan Li-Ion Gigafactory At Telangana

Ather Energy has established two manufacturing facilities in Hosur, Tamil Nadu: one for battery production and another for vehicle assembly. Recently, the company announced plans to build a new plant in Maharashtra and has now decided to collaborate with Amara Raja Advanced Cell Technologies to set up a facility in Telangana. This new facility will […]

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REPLUS Engitech, Hero Future Energies Partner For BESS Project

REPLUS Engitech recently collaborated with Hero Future Energies to develop a 250MWh Battery Energy Storage System (BESS) project across three states namely, Karnataka, Andhra Pradesh, and Gujarat. To implement this project, REPLUS Engitech a technology-led manufacturing start-up entered into a turnkey EPC contract with Hero Future Energies. This contract seeks to improve the stability and […]

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Green Stocks July 31: Solar EPC’s Carry The Weight Of High Expectations And Valuations

As feared, small-cap EPC developer Waaree Renewable Technologies was down at the lower circuit today, down 5%, despite a strong set of numbers. Skittish investors are unwilling to take a risk with highly valued firms unless their results are truly extraordinary. Adani Green continued its steady recovery back, however, thanks to strong results and positive […]

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