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Tata Power Results In Line With Expectations, Q4 Profits Up 18%

Tata Power has announced its Q4 results. During the year, the firm owned its highest-ever PAT of ₹ 4,280 crore and Revenue of ₹ 61,542 crore for FY24  Q4 FY24 PAT up 18% to ₹ 1,109 crore, making it the 18th consecutive quarter of PAT growth During the quarter, the company’s renewables portfolio crossed the […]

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PM Surya Ghar: National Roofop Solar Vendors To Submit BGs Worth Rs 25L

The Ministry of New and Renewable Energy (MNRE) in its latest memorandum has proposed a bank guarantee worth Rs 25 lakh for rooftop solar vendors. This is meant to be for the vendors who want to get registered with the National Rooftop Portal as a ‘National Vendor’.  This comes at a time when the installation […]

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Ecofy Partners With Waaree Energies For Low-Cost Solar Finance

Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100 crore to partnering with Waaree Energies for boosting solar finance. […]

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With Legislations In Hand, Virginia Set To See A Rise Of Community Solar

Since 2022, efforts to kickstart a shared solar programme in southwest Virginia in the United States (US) have been stalled. But this year, a renewed push brought it to life. The General Assembly at the Senate and the House of Delegates passed separate legislations, SB 253 and HB 106, to enlarge Dominion Energy’s existing community […]

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Italy’s Solar Ban On Agri Land- Not As Bad As It Sounds

A recent ruling by the Italian government to ban solar PV installations on agricultural land has been met with howls of protest by the country’s solar trade association which has claimed it would cost Italy as much as €60 billion (US$64.5 billion). We believe the protests are unfair at this stage. Keep in mind that […]

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Sunkind Energy Secures 10 MW Solar Projects In Northern India

Solar EPC company Sunkind Energy has secured five solar rooftop projects. According to a statement by the company, Sunkind Energy has received orders for the projects in North India. The total capacity of projects that the company has received is 10 MW in states like Punjab, Haryana, Rajasthan, and Chhattisgarh. Hanish Gupta, Founder and CEO […]

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After Solar & Wind, Adani Green Bets Big On PSP Business

Adani Green Energy Limited (AGEL) has now planned to go bullish on Pumped Storage Projects (PSPs) in India. The company, while declaring its latest Q4 results talked about adding 5 Gigawatt (GW) of Pumped Storage Projects (PSPs) by 2030. With a fresh thrust on PSPs, the renewable company upgraded its renewable capacity target from 45 […]

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IEA Report Advocates Digital Integration Of Power Grids To Boost Efficiency

A latest report from the International Energy Agency (IEA) report highlighted the importance of matching growth with clean energy transition through digital power grids.  The IEA report presented electricity transmission through the power grid as an alternative to support urban areas with more than 80% of the global GDP. They report contribute to more than […]

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Uttarakhand Proposes Revised RPO Compliance Norms With Timelines

The Uttarakhand Electricity Regulatory Commission (UERC) has now come up with its draft regulations relating to Renewable Purchase Obligations (RPO). The proposed draft regulation aims to amend the existing UERC (Tariff and Other Terms for Supply of Electricity from Renewable Energy Sources and non-fossil-based Co-generating Stations) Regulations, 2023. The State Electricity Commission proposed the new […]

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