Adani Enterprises to invest Rs 80k cr in current fiscal
A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company.
Radiance to raise $150 million for 2GW expansion, introduces robotic solar cleaning
"We are in the advanced stages of raising $150 million to support our growth ambitions," Sangameswaran said. He emphasized that this capital will ensure financial stability as Radiance scales up operations and embarks on new projects.
India's solar power subsidies for homes face scepticism
The new programme, launched in February, provides 75 billion rupees ($9 billion) in subsidies to install grid-connected rooftop solar systems on around 10 million homes, allowing consumers to reduce their electricity bills when the sun shines and sell extra units to the grid to earn some money.
ReNew signs 2.2 GW PPAs, expands portfolio to 15.6 GW
The five PPAs include three solar agreements totaling 800 MW with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited at a weighted average tariff of ₹2.59 per kWh.
Govt hosts workshop on green hydrogen standards, launches dedicated portal
The portal was launched jointly by Principal Scientific Advisor to Government of India Prof. Ajay Kumar Sood and Secretary, Ministry of New and Renewable Energy, Bhupinder S. Bhalla.
Grew Energy to invest ₹4500 crore in solar manufacturing unit in J&K
The facility will have an annual capacity of 3.2 GW high-efficiency modules and 2.8 GW ingots, wafers, and cells upon completion.
ISMA seeks policy support to meet India's 20% ethanol blending target
The drop in Indian cane production due to the global climate phenomenon El Niño led to a halt in ethanol production from syrup and BHM from mid-December 2023.
Giant batteries are transforming the way the US uses electricity
Power companies across the US are using large batteries, similar in size to shipping containers, to tackle the main drawback of renewable energy: the inconsistency of wind and solar availability.
Floating radar to protect birds and bats at offshore wind farms
The need to mitigate the impact of wind farms on birds and bats is becoming increasingly urgent. In the Dutch part of the North Sea alone, by the end of 2023, offshore wind farms with a total capacity of 4.7 gigawatts were operational.
Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call.