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MNRE, States Discuss Ways To Achieve 500 GW Renewable Target  

The Ministry of New and Renewable Energy (MNRE) discussed with different states in the national capital to review the progress of various renewable energy programmes in the country. In its brainstorming session, the ministry told the states that India had already achieved 172 Gigawatt (GW) of renewable energy while works are in different stages to […]

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JSW Energy Reports 32% Surge In Renewable Generation in Q4

JSW Energy Limited yesterday announced its Q4 Financial Results. The Indian private power producer said that its net renewable generation increased 32 percent on Year-on-Year (YoY) basis. In addition, it said that the commissioning of 225 Megawatts (MW) of the Vijayanagar solar power plant helped increase its clean energy generation.  The firm said earnings before […]

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Gujarat Discoms To Get 500 MW Of Solar Power At Rs 2.51/unit 

Electricity distribution companies in Gujarat are all set to get green energy from its 500 Megawatt (MW) grid-connected solar projects in the state with a tariff of Rs 2.51 to Rs 2.52 per unit. The Gujarat Electricity Regulatory Commission (GERC) recently approved these tariffs.  It comes after the Gujarat Urja Vikas Nigam Ltd (GUVNL) moved a petition […]

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Waaree Renewables Doubles Q4 Net Profit; FY23 Net Profit Fivefold

Waaree Renewables Technology Ltd (WRTL) has announced its financial results for the last quarter and full year FY-2023. The company declared a consolidated net profit of Rs 12.3 crore in the March 2023 quarter marking an 81% increase year-on-year. Waaree also reported a revenue of Rs 351 crore in the full financial year 2023, which […]

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Badeel, ACWA Power To Invest Over $3 billion For 4.5 GW Solar Projects In Saudi Arabia

Providing thrust to the new wave of solar power development in Saudi Arabia, the Water and Electricity Holding Company (Badeel) and ACWA Power have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development and operation of three major new solar IPP projects. Badeel is fully owned by the Public […]

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HP Power Corporation Issues Tender for 12 MW Solar Project

Himachal Pradesh Power Corporation Ltd (HPPCL) has issued a tender for a 12 Megawatt (AC) Bella Ludhiarchan Solar Power Project in the Kangra district of Himachal Pradesh. The last date and time of download of the tender document is June 1, 2023, at 1200 hrs. The deadline for bid submission is June 1, 2023. The […]

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ACWA to Invest $120 Million in Uzbekistan Renewables Afresh

Saudi Arabia’s ace renewable energy developer ACWA Power has inked two key agreements at the EBRD 2023 Annual Meeting and Business Forum in Samarkand to advance Uzbekistan’s target to decarbonise 35% of its energy sector by 2030. In the first set of agreements with the chemicals company, Uzkimyosanoat of Uzbekistan, ACWA Power will decarbonise the […]

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Northland Power Secures Financial Close for 250 MW Oneida Energy Storage Project

It looks like the energy storage infrastructure is burgeoning in Canada with many announcements being made this week. In the fresh case, Toronto-headquartered Northland Power has announced that its 250 MW Oneida Energy Storage Project in Southern Ontario has reached financial close. It has secured all the necessary financing. The total cost for the project […]

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