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Electricity Act

Global Solar Investments Increased By 2% In Last 8 Years: Report

A latest report by the International Solar Alliance (ISA) stated that global investment in solar increased by an average of around 2 percent over the last eight years. It added that, on the contrary, fossil fuels are still receiving a major share at nearly a trillion dollars annually.  The report put the investment in the global energy sector […]

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Solar Helped Remote Hospitals Function Optimally: WRI Report

A latest report from the WRI-India, a climate and energy think tank, claimed that clean power from solar energy fueled through Distributed Renewable Energy (DRE) systems boosted the capacity of remote healthcare centres nationwide. The report was titled ‘A Spoonful of Solar to Help the Medicine go Down’.   WRI-India recently released the report in New Delhi recently. The […]

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Tight Power Markets Drive Up Volumes 21% YoY On IEX

Indian Energy Exchange, India’s premier energy exchange, achieved 9260 MU total electricity volume in October 2023, registering an increase of 21% on YoY basis.  IEX achieved 9,483 MU overall volume, including 2.17 Lac Renewable Energy Certificates (RECs) (equivalent to 217 MU) and 5,814 Energy Saving Certificates (ESCerts) (equivalent to 5.8 MU). The overall volume traded during […]

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LONGi Announces Developing 33.9% Efficiency With Perovskite

Chinese solar module manufacturer–LONGi claimed to have developed a 33.9 percent efficiency in crystalline silicon-perovskite tandem solar cells. It is reported that the previous world record was 33.7% and was conducted by King Abdullah University of Science & Technology (KAUST) in May this year. According to the latest certification report of the US National Renewable […]

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US May See 619 GW Of Renewable Power Between 2023-2030: Report

A latest report from BloombergNEF forecast a staggering 619 gigawatts (GW) of solar, wind and storage to come online between 2023 and 2030 in the United States. The report forecasts that this will raise energy capacity by 19 GW from the previous outlook. While structural constraints, such as permitting and grid connections, and a higher […]

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India Launches Programme For Energy Efficient Cooking

Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under the Ministry of Power, launched its National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) under the presence of Union Minister for Power and New and Renewable Energy RK Singh, at an event held in New Delhi. These initiatives are […]

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Sterlite Power Demerges Transmission & Products Business

Sterlite Power Transmission Limited (SPTL), a power transmission developer and solutions provider in India and Brazil, has announced the strategic decision to demerge its power transmission infrastructure business (BOT model), spread across India and Brazil. The demerged SPTL entity will continue to hold the global products and specialised EPC services business as well as the […]

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IEX Reports PAT Exceeding 21% in Q2FY24 Against Q2FY23

The IEX (Indian Energy Exchange) has declared its unaudited consolidated financial results for the second quarter ending September 30, 2023. Particulars Q2FY23 Q2FY24 YoY Total Volume (in BU) 23.1 26.5 14.6% Total Revenue 113.8 133.0 16.9% Total Operating Expense 16.3 16.6 1.8% EBITDA 97.5 116.4 19.4% Finance, Depreciation & Amortization Cost 5.0 5.8 16.0% Share […]

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Aland Island Set for Large-Scale Integrated Renewable Energy

Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an ambitious integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and other local anchored value creating activities on Åland. CIP, through Copenhagen Energy Islands, Lhyfe and Flexens have jointly launched the Åland Energy Island project. The project will […]

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