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KPI Green To Light Up 26.15 MW Solar Plant, With Order From 20 Textile Companies

Gujarat-based KPI Green Energy has received an order to develop a 26.15 MW solar power plant from an aggregation of textile firms in Gujarat. This order was received by KPI subsidiary, Sun Drops Energia, to develop the project under the captive power producer (CPP) segment. KPI has been particularly strong in the segment as an […]

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REC Trading At IEX Skyrockets, Sees 640% Growth In May

The trading of Renewable Energy Certificates (REC) seems to have escalated at the Indian Energy Exchange (IEX), the power exchange data shows. The publicly-listed power exchange firm recently shared its data on the trading of its different products including RECs.  IEX said that the renewable energy certificates (REC) trading in May stod at 1,055 MUs. […]

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ReNew Results for Q4 And Full Fiscal Year 2024- Net Profit Rises To $50 Million

Nasdaq listed, Sumant Sinha led  ReNew Energy Global Plc , has announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024. Operating Highlights: • As of March 31, 2024, the company’s portfolio consisted of ~13.5 GWs, of which ~9.5 GWs are generating revenue and ~4 GWs are committed, compared to […]

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Borosil Renewables Plans To Go For Fund Raise

Indian solar glass manufacturer-Borosil Renewable has now planned to for fund raise to strengthen its financial, the company recently told its investors. This has come at a time when the company has reported lower than expected profitability in the latest Q4 and annual financial results. The company’s Board has also approved the fund raise. Borosil […]

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Suzlon Reports Highest Ever Orders With India’s Rise On Wind Energy Installations

Indian Wind Turbine Manufacturer-Suzlon Energy is now confident of dominating the Indian wind market. In its latest investors call, the management expressed confidence on its position amid the presence of foreign wind energy companies. The firm attributed this to their existing clients and prices. When talked about the competitions from companies like Vestas or Envision, […]

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JSW To Make Alloy-Coated Steel For Domestic Renewable Energy Sector

JSW Steel is bringing Zinc-Magnesium-Aluminium alloy-coated steel products into the domestic Indian market which is expected to spur demand for its product JSW Magsure from the domestic renewable energy sector but also from other allied end uses. So far the coated steel was imported from foreign nations while renewable energy companies purchase it at a […]

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NTPC Awards 15 MW Bhilai Floating Solar Contract To Madhav Infra

Madhav Infra Projects (MIPL) has secured a contract to develop a 15 MW floating solar power plant in Chhattisgarh. NTPC-SAIL Power Company (NSPCL), a joint venture of NTPC and SAIL, has sent a letter of acceptance to Madhav Infra Projects (MIPL), an engineering, procurement, and construction (EPC) contractor, to develop a 15 MW floating solar […]

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Gensol Engineering Reports 310% Increase In Net Profit In Q4

Gensol Engineering today released its financial results for Q4 and also for the financial year. The renewable energy company has now reported a 310 percent increase in its net profit in Q4 on a Year-on-Year (basis).  The filings of the firm before the BSE said that the company reported a total profit after tax of […]

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Alpex Solar Net Profit Increases 680% YoY After IPO

Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the company increased to INR 404.43 crore from INR 182.69 crore […]

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