Solar Sector wins legal battle for duty-free imports: Delhi High Court verdict explained
The court's decision brings clarity to the application of the Manufacture and Other Operations in Warehouse (MOOWR) regulations, ensuring that policy decisions do not arbitrarily determine project eligibility.
TotalEnergies and SINOPEC sign cooperation deal on climate efforts
The two companies plan to join forces on R&D on biofuels, hydrogen, and carbon capture and storage technologies in particular, TotalEnergies said in a press release.
Opinion: China's hydro output primed for boost after heavy rains
Hydro power accounted for just 9 per cent of China's total electricity output during the first quarter of 2024, down from a 5-year average of 11 per cent during that period, data from think tank Ember shows.
Renewables provided record 30% of global electricity in 2023, Ember says
Cutting fossil fuel use and emissions in the power sector is seen as vital to meeting global climate targets. More than 100 countries at the COP28 climate summit in Dubai last year agreed to triple renewable energy capacity by 2030.
Project delays are holding back clean power installation, report says
On average, projects experiencing delays would begin operations 15 months after the original expected online dates.
Siemens Energy shakes up management at troubled wind unit, raises outlook
The company, a former Siemens division that supplies equipment to the power industry, also raised its outlook for 2024, primarily on the back of its power grid business, causing its shares to rise 6.6% in pre-market trade.
China’s solar panel giants say prices are near the bottom
The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange.
L&T's power transmission, distribution business bags multiple orders in India, overseas
The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka.
Adani begins commercial output of wafers, ingots for solar power
The Adani Group, controlled by billionaire Gautam Adani, aims to generate 45 gigawatts (GW) of renewable power by 2030, with two-thirds of that being produced at its $18.01 billion Khavda renewable energy park in Gujarat, bordering Pakistan.
JSW Energy profit rises 29pc to Rs 351 cr in March quarter, declares Rs2/share dividend
"Profit after Tax ( consolidated net profit) increased by a robust 29 per cent YoY (year on year) to Rs 351 Crore," it stated.