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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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Oriana Power Commissions 2.7 MW Solar Rooftop Project in Haryana

Solar energy solution provider, Oriana Power, has commissioned a 2.7 MWp single rooftop solar power plant. The solar project has been established at the Indian Oil Corporation Ltd (IOCL) in Panipat, Haryana. The said project is among the largest rooftop solar projects in the state. The rooftop solar plant was set up for Synthetic Rubber […]

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PFC Issues Tender for Procurement of Aggregate Power Including RES with Storage

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has invited proposals for the “Procurement of Aggregate Power requirement of Group of States” for undertaking tariff based competitive bidding for medium term procurement of Power”. PFC is the authorized representative appointed by the Ministry of Power under para B (v) of […]

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Canadian Solar To Deliver 363 MWh Energy Storage To Aypa Power

Global renewable energy major Canadian Solar has announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co. Ltd., will deliver 363 MWh of battery energy products to an Aypa Power project in Texas. Canadian Solar said in its official statement that the project is expected to reach commercial operation by […]

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