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Q1 Results: IEX Registers 26% Growth In Net Profits On YoY

Indian Energy Exchange (IEX) has published its financial results for Q1 of FY25. The latest filing by the energy exchange at BSE revealed that the company registered a 26 percent growth in its net profits on a Year-on-year (YoY) basis. However, its net profits on Quarter-on-Quarter (QoQ) basis plunged by 1.8 percent. The company reported […]

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Rajasthan To Allows Pvt Edu Centers To Use Net-Billing During Vacations

The Rajasthan Electricity Regulatory Commission (RERC) has now approved its proposal to allow educational institutions in Rajasthan (including private entities) to use net-billing provisions for their rooftop solar connections. Earlier, the Commission had brought out a draft regulation to allow educational institutions to use the benefit of net-billing for two months in a year when […]

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ReNew Commissions 400 MW Solar Project In Jaisalmer, Rajasthan

NASDAQ listed ReNew, on July 23 inaugurated a 400 MW solar project in Rajasthan, as part of a 600 MW PPA signed with the Solar Energy Corporation of India Limited (SECI) to generate clean energy in Rajasthan for the next 25 years. The project was inaugurated by Rajasthan Chief Minister Bhajan Lal Sharma in the […]

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India Needs 100 GW Storage To Avoid Energy Shortages: Report

In a report that goes against the actions of the Indian government (more thermal, faster deployment of PSP), Berkeley has made a case for solar and battery storage to solve the country’s power demand issue. Solar plus storage can not only help to avoid power shortages in India but also help to prevent a solar […]

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Saudi Arabia To The Rescue For Chinese Renewable Majors

Hit by domestic overcapacity and sanctions in the US and other key markets, China’s leading green energy firms are looking to the Middle East to fill the holes. As the world’s largest solar and wind market, with the manufacturing capacity to boot, Chinese firms have been well established as global suppliers across every major market, […]

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Budget 2024 Announcements On PSP, Thermal- Hit Or Miss?

As the dust settles on the budget announcements, by all accounts the budget continues to lose relevance in terms of the sort of disruptive changes it could bring earlier. For the renewable sector, that means even as the loud clamor for a reduction of GST rate on equipment like turbines and modules from 12% to […]

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What The Green Industries Said About Budget 2024?

Hours after Finance Minister Nirmala Sitharaman announced the Union Budget 2024, the industry leaders also reacted to the budget announcements. Many of them talked about the benefits and challenges of the industry in the light of the announcements. The minister, in her budget speech talked about imposing Customs Duty on solar glass imports and include […]

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Budget 2024: Govt Imposes New Customs Duty On Solar Glass

Union Finance Minister Nirmala Sitharaman today presented the Union Budget for 2024-25 before the Parliament. The minister talked about several steps taken by the government towards India’s sustainable energy transition besides rolling out some more plans of the government to boost the growth of the renewable energy industry in the sector. She also talked about […]

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Gujarat: Gensol Bags Rs 600cr Order From PGVCL For PV Project

Gensol Engineering won the bid for 116 MW (150 MWp) of solar projects in Gujarat with an estimated revenue of around Rs 600 crore. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Company Ltd.(PGVCL), the state electricity distribution company. Gensol Engineering is a Gujarat-based solar power […]

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