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Top 5 States Spearheading Rooftop Solar in India

India has made strides in new solar capacity addition in the last few years. However, a considerable gap exists between rooftop solar (RTS) and utility-scale solar installations.  Despite existing national and state-level schemes promoting rooftop solar, including the National Rooftop Scheme and state government subsidies, participation rates remained low. This is mostly because of the […]

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IREDA Incorporates Subsidiary In GIFT City, Gujarat

Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary was officially incorporated on 7th May 2024, after receiving the No Objection letter from the Reserve Bank of India on […]

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The Renewable Energy Developers Whose Plans Will Shape India’s Solar Targets

India reached a notable milestone in renewable energy by adding a record-breaking 18.48 GW in 2023-24, a 21 per cent increase from the previous year. As of March 31, 2024, India’s installed renewable energy capacity stood at 143.64 GW, excluding large hydropower projects. The country needs an annual addition of at least 50 GW for […]

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Delhi Gets First Commercial Utility-Scale BESS Project After DERC Approval, Backed By GEAPP

In a significant step, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India’s first commercial standalone Battery Energy Storage System (BESS) project. This groundbreaking initiative is supported by The Global Energy Alliance for People and Planet (GEAPP’s) concessional loan amounting to 70% of the total project cost and is in partnership with IndiGrid and BSES Rajdhani […]

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JSW Energy Q4 Results- Renewables Pipeline Climbs to 3.4 GW, WTG Manufacturing In Works

JSW Energy Limited reported its results for the quarter (“Q4 FY24” ) and the financial year FY24 ended March 31, 2024, on May 7.  FY2024 – Delivering Sustainable Growth JSW Energy delivered a strong performance in FY24, achieving the highest-ever EBITDA of ₹5,837 Crore. The company made significant strides towards the outlined target of 20 […]

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After Solar & Wind, Adani Green Bets Big On PSP Business

Adani Green Energy Limited (AGEL) has now planned to go bullish on Pumped Storage Projects (PSPs) in India. The company, while declaring its latest Q4 results talked about adding 5 Gigawatt (GW) of Pumped Storage Projects (PSPs) by 2030. With a fresh thrust on PSPs, the renewable company upgraded its renewable capacity target from 45 […]

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CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure

The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures.  The case came to light after the petitioner Azure Power […]

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Rajasthan Issues Tender To Procure 8000 MW Solar Power

Rajasthan Urja Vikas and IT Services Limited (RUVITL) has issued a tender inviting bids to procure 8000 MW of solar power. RUVITL is procuring the power for tying up large-scale capacity in one step with optimal mix and it is expected to get better rates also due to the benefit of larger scale. RUVITL shall […]

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Adani Green Reports 6% Dip In Revenues In Q4, 21% Growth In FY24

Adani Green Energy Limited (AGEL) today published its quarterly (Q4) and annual financial results for FY24. In its filing before the Bombay Stock Exchange (BSE), AGEL cited a reduction of 39% in profit (including share of profits from associates and JVs) in the latest quarter compared to its Q4 of FY23. In its unaudited consolidated […]

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