APT Translations

In the past two years, there has been a three-fold rise in solar installed capacity -- from 580 Kwp to 17,679 Kwp -- between Cuffe Parade-Colaba and Sion-Mahim. Most of these are schools, colleges, hospitals, and govt edifices.

The minister said it was AIADMK govt that signed a direct deal with Adani Group to purchase 648 megawatts of solar power at `7.01 per unit in 2015 when there was no renewable purchase obligation (RPO), as is imposed by the Centre now.

Waaree Energies announced the incorporation of a new subsidiary, Waaree Renewable Energies Australia PTY Ltd, aimed at expanding its renewable energy business in Australia. The wholly owned subsidiary was established on December 6, 2024, according to a filing with the Bombay Stock Exchange (BSE). This move signifies Waaree's commitment to growth in the renewable energy sector.

Deals worth about $2.4 billion were completed in the third quarter, more than four times the value of those in China and the second-highest total globally behind the US, data compiled by BloombergNEF show.

Union Minister for New and Renewable Energy Pralhad Joshi shared updates on these developments, underscoring the country’s efforts to solidify its position as a global leader in clean energy.

In the third quarter (Q3) of 2024, 791.1 megawatts (MW) of rooftop solar capacity were installed, an 8% increase quarter-over-quarter (QoQ) and an 84% YoY growth.

In FY24, Tata Power's installed capacity stood at 15.6 GW, of which 6.7 GW was renewables, Sinha said in a media interaction at the company's cell module plant in Tirunelveli, Tamil Nadu.

The announcement was made at Rising Rajasthan 2024, an event focused on promoting the state’s growth and investment opportunities.

The forum, chaired by Rosneft CEO Igor Sechin, emphasized cooperation and mutual respect as key to addressing pressing economic and energy challenges.

In a note, JP Morgan gave OW rating on three bonds of Adani Ports and Special Economic Zone (APSEZ) and one of Adani Electricity Mumbai Ltd (AEML), a subsidiary of Adani Energy Solutions.