On a day when the nifty comfortably outshone the small cap and mid-cap indices, most of our green stocks that belong to the latter two categories followed the same pattern. While EPC firms continued their momentum from yesterday led by Waaree RTL and Sterling and Wilson Renewable energy, giving them company were solar manufacturers Premier […]
Renewable energy company BluPine Energy is now set to build a 150 MW solar project with an energy storage project at Bikaner in Rajasthan. The company, after winning the bid from the Solar Energy Corporation of India (SECI), is now moving closer to its commissioning. The firm through its Special Purpose Vehicle (SPV) Solarcraft Power India […]
Coal India Ltd (CIL) has floated a tender to develop a 1 GW grid-connected solar power project at the 2,000 MW solar park of Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) in Pugal, Bikaner district, Rajasthan. CIL invited bids until May 7, 2025, CIL said in the tender document. The scope of work mandated the […]
UltraTech Cement has signed an energy supply agreement and a share subscription and shareholders agreement to acquire a 26% stake in AMPIN C&I Power Eight Private Limited, a company involved in the generation and transmission of renewable energy. AMPIN C&I Power Eight, based in New Delhi, is a special purpose vehicle (SPV) set up to […]
Waaree Renewable Technologies Ltd. (WRTL), one of India’s fastest-growing and largest solar EPC companies, announced its audited financial results for Q4 and full-year FY25 on Apr 16. WRTL’s Q4 FY25 revenue from operations reached ₹476.58 crore, marking a 32.3% increase sequentially from ₹360.35 crore in Q3 FY25 and a 74.5% increase YoY from ₹273.31 crore […]
After the sharp rise we saw yesterday, the markets were a lot more cautious today. Thus, despite a modest rise in the indices, most green energy stocks trailed in terms of gains, or even gave up some gains made yesterday. There is a clear flight to size as we can see now, with one of […]
The Indian Renewable Energy Development Agency (IREDA) records an annual profit after tax (PAT) of ₹1,699 crore for the financial year ended March 31, 2025, marking a 36% jump from the previous year. The state-run green financing firm said PAT for the fourth quarter (Q4 FY2024) rose 49% year-on-year to ₹502 crore. Profit before tax […]
Indian solar manufacturer Emmvee has opened its fifth module manufacturing facility at Sulibele, near Bengaluru International Airport, adding 2 GWp of photovoltaic (PV) module capacity. With the latest expansion, the company’s total PV module capacity now stands at 6.6 GWp, while solar cell capacity has reached 2.5 GWp. The 400,000-square-foot facility will employ more than […]
Global cumulative solar photovoltaic (PV) capacity rose to more than 2.2 terawatts (TW) by the end of 2024, up from 1.6 TW in 2023, with over 600 GW of new systems commissioned, the International Energy Agency’s Photovoltaic Power Systems Programme (IEA PVPS) said in its latest report. “Module prices continued to drop through 2024 in […]
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