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Tata Power Q3 Results, TN Cell and Module Plant To Start By End Of 2023

Tata Power announced its Q3 Fy23 results on Friday, reporting consolidated net profits almost double of the numbers in the corresponding quarter of previous year. At Rs 1,052.14 crore in the quarter ended December 2022, the profit growth was aided by higher power generation and distribution sales, as well as improved realisation per unit. Strong Growth […]

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Sprng Energy Finally Gets Exit From 100 MW Wind Project At CERC

Sprng Wind Energy Private Limited, has finally received confirmation for termination of the power purchase agreement (PPA) signed with the Solar Energy Corporation of India (SECI). The project in question was a 100 mega-watt (MW) wind project planned in Dhar, Madhya Pradesh. While delays in the signing of the PPA, and subsequently, the covid pandemic […]

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Budget Reactions- Industry Hopes Green Credit, Transmission Focus And More Will Deliver

Budget 2023-2024, lacking any big ticket announcements save the focus on green growth has been welcomed guardedly by industry. Plaudits have come from the EV sector, where the exemptions granted for Lithium Ion battery manufacturing have been welcomed. However, solar developers have been left hoping that the focus on transmission will strengthen the grid, helping […]

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China Seeks To Limit Technology Access For Solar Manufacturing, In Move Aimed at India

China, which built its imposing, world dominating solar manufacturing sector with a combination of technology purchases from the west, academic partnerships and joint research, seems to have lost the appetite to allow others to do the same. The country, which leads in global solar markets with its manufacturing firms enjoying an almost 80% market share, […]

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RUVNL Floats Tender for 1.5 GW Wind-Solar Hybrid Projects with Storage

Rajasthan Urja Vikas Nigam (RUVNL), has invited bids for the establishment of  1.5 GW(AC) ISTS-connected Wind-Solar Hybrid Power Projects with Storage, to be set up anywhere in India. The projects are to have flexibility in scheduling power as required by DISCOMS. The project must have a mandatory energy storage system (ESS) of a minimum of […]

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MSEDCL Issues RFS for Procurement of 350 MW Solar Power

Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), a wholly-owned subsidiary of the Maharashtra State Electricity Board has issued a Request for Selection (RfS) towards the procurement of 350 MW (AC) solar power from projects that are to be set up in Maharashtra. The competitive bidding process will be followed towards this and will also entail […]

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Boost to SMEs, Easy Imports, Cheaper Financing: Solar Expectations from Budget ’23

Budget 2022 made major announcements. Primary among them was the earmarking of Rs 19,500 crore for production linked incentives towards the manufacturing of high efficiency solar photo voltaic modules. While this has been a source of hope for the industry, a major mood dampener has been the imposition of duties on solar cells and modules. […]

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NTPC Reports 5% PAT Growth YoY in Q3, Renewable Capacity Dominates Additions

NTPC, which is India’s largest energy conglomerate, has shared its results for Q3. The entity has reported a net profit of Rs 4,854.36 crore for the October-December quarter of FY23 on Saturday, nearly 5 per cent higher as compared to Rs 4,626.11 crore in the year-ago period. The company’s board has also declared a Rs […]

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January ALMM List- 14 New Manufacturers, 6 From Gujarat

The Ministry of New and Renewable Energy has released the latest AMM (Approved list of module manufacturers) for January 2023,and the list of manufacturers continues to grow. 14 new manufacturers make an entry in January, notably BHEL with a 214 MW approved capacity or its plant at Bengaluru. The only other notable entrants to the […]

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