Home » Daily Newsletter » Waaree, Suzlon Results, Discom Dues and More
Renewable energy solutions provider Suzlon Energy Limited has declared its financial results for the period ended June 30, 2023. Financial Results (Q1 FY2024) - Quarter on Quarter Comparison The total income of the firm stands at INR 1361.68 crores in the period ended June 30,...
Hero Future Energies has signed two Memorandums of Understanding (MoUs) with REC Limited and PFC Limited for infusion of INR 31100 crores each in HFE over the next five years. The MoUs, were signed on the sidelines of 4th G20 Energy Transition Working Group (ETWG)...
Union Power Minister RK Singh informed Rajya Sabha today that the electricity distribution companies (Discoms) had a total unpaid dues of Rs 29,136 crore as of July 24, 2023. These payments were to be made to the country's power-generating companies (gencos). It was in addition...
Union Minister for New and Renewable Energy RK Singh said that the MNRE ministry amended the rules relating to bidding for renewable projects. He also said that some other provisions of the bidding documents are being overhauled to give an impetus to adding more renewables...
The Central Electricity Regulatory Commission (CERC), in its latest order, allowed a petition by the Hindustan Power Exchange (HPX) to introduce High Price (HP) Day-Ahead Market (DAM), HP-TAM (Term-Ahead Market) and HP Contingency. HPX is one of India's three operational power exchanges besides IEX and PXIL....
India's largest steel conglomerate JSW Steel has set sights on sourcing green hydrogen from the 3,800-tonne hydrogen plant that is in being established at the Vijayanagar plant. The firm will provide green steel at a premium in a period of 18-24 months. The firm has...
The Washington DC registered Global Solar Council (GSC), has been left unimpressed by the lack of progress made at Goa, India in the G20 meetings under the Energy Transitions Working Group. Belying hopes of urgent action to deploy the renewable energy capacity needed to stay...
Waaree Renewable Technologies Limited, the solar EPC subsidiary of Waaree Group and a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ending June 30, 2023. In Rs Cr Q1FY24 Q1FY23 Y-o-Y Change Revenue 128.9...
Union Coal Minister Pralhad Joshi recently told the Parliament that the Singareni Collieries Company Limited (SCCL) had achieved around 40 percent of its net-zero targets. The Minister disclosed this information while responding to a coal supply and consumption query. He said that both Coal India...
Switzerland-based heterojunction solar panel maker Meyer Burger Technology AG recently unveiled plans to set up a high-performance solar cell manufacturing facility in Colorado Springs, Colorado. The establishment will have an initial production capacity of 2 gigawatts (GW) of solar cells per year. Meyer Burger intends...
Trina Solar has announced the certification of its Yiwu manufacturing facility as a Zero Carbon Factory. This is the first factory in the PV industry to be awarded zero carbon status by an independent agency, claims the firm. Trina Solar’s Yiwu factory was assessed by...
A new report by the Confederation of Indian Industry (CII) on 'Charging Infrastructure for Electric Vehicles' claims that India would require around 13 lakh charging stations to cater to the growing electric mobility needs by 2030. It makes a case for the country to install...
DIF Capital Partners, via its DIF Infrastructure VII fund, has announced a £200 million investment into Field, a London-headquartered dedicated developer and operator of battery energy storage systems. The investment's primary objective is to support Field in expediting the development and expansion of its 4.5...
Energy solutions firm Sheru has announced the launch of EnergyBox, a battery charging dock designed to charge detachable e-two wheeler batteries. The device is set to provide convenience to electric two-wheeler users in charging batteries safely at home, as well as in providing power backup...
Japanese metal maker Proterial has recently developed a prototype motor for electric vehicles that use magnets that do not contain the rare-earth metal neodymium. Neodymium magnets are the most common type of magnets currently employed in EV motors. However, this rare earth metal is chiefly...
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