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Indian market

Tata Power Q3 Results- EBITDA Up 15% to Rs 3250 crore

Tata Power, one of the largest integrated utilities in the country, reporting its 17th consecutive quarter of PAT growth in its Q3 results. Better realisation in the core business segments consisting of Generation, Transmission & Distribution and Renewables, helped the Company grow its Q3FY24 reported PAT to Rs. 1,076 crore as compared to Rs. 1,052 […]

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China’s Huasun Delivers 10MW 700W+ High-Efficiency Heterojunction Modules In India

China-based solar wafer, cell, and module manufacturer Huasun Energy has delivered its first shipment of high-efficiency heterojunction (HJT) modules. Huasun successfully shipped over 10MW of its revolutionary 700W+ HJT modules to India for the very first time on February 5. Himalaya G12-132, a product from Huasun’s HJT module family, is the centerpiece of this shipment. […]

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Inox Wind Signs Pact For India’s Single Largest 1500 MW Order from CESC

Indian wind energy company Inox Wind Limited (IWL) announced today that it has entered into a binding framework agreement with CESC Limited, one of the largest power utilities in India, for the installation/supplies of 1,500 MW of wind capacity over the next 3-4 years. The deal is for IWL’s latest DF/3000/145 Wind Turbine Generators (WTGs), […]

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Yuma Energy Completes 10 Million Battery Swaps Within A Year

Bengaluru-based Yuma Energy has developed over 125 battery swapping stations across 5 major metros and averaged 800,000 swaps every month. Battery-as-a-service (BaaS) company, Yuma Energy, a joint venture between Magna and Yulu, has announced, the completion of 10 million lifetime battery swaps in its first year of operations. The company began operations in February 2023 […]

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GoodWe’s India Story Shines With 3GW Milestone, UT350kW Launch

Global inverter major GoodWe, which has over 52GW of installations worldwide, celebrated its India success story in style recently in Bengaluru. At an exclusive event titled “Unveiling a New Era in Solar Excellence” on February 2, 2024, at The Leela Palace in Bengaluru the firm formally showcased its latest UT350kW product for the Indian solar […]

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Rooftop Solar: Will PSUs Deliver For PM Suryodaya Yojana?

The MNRE’s January 25 Office Memorandum, where it allocated states to specific PSUs for pushing the ambitious new Rooftop Solar targets, throws up some very interesting questions. With a target of 10 million households, and upto 3 KW of solar for each, the Pradhan Mantri Suryodaya Yojana is potentially a game changer, offering an opportunity […]

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EV Ride-hailing Snap-E Cabs raises USD 2.5 million in Pre-Series A Round

Kolkata based Snap-E Cabs, an EV Ride-hailing platform has raised USD 2.5 million in a Pre-Series A Round led by Inflection Point Ventures. Snap-E Cabs plans to allocate funds for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies. Snap-E provides an […]

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NTPC, NRL Partner To Setup Green Energy Projects In North East

National Thermal Power Corporation (NTPC) limited has signed a memorandum of understanding (MoU) with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd. NRL is engaged in the business of Refining and Marketing of petroleum products. The MoU covers partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green energy projects. […]

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ResponsAbility Invests USD 25mn In BluSmart EV Network

As part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, responsAbility will invest up to USD 25 million on behalf of its investors in Indian EV ride-hailing service provider-BluSmart, the firm announced. “This investment will help BluSmart expand its EV charging infrastructure across India and is […]

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