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Waaree Renewable bags LoA for 300 MW ground-mounted solar EPC order
Waaree Renewable Technologies has received a Letter of Award for a 300 MW/450 MWp ground-mounted solar EPC project, further strengthening its order book amid growing momentum in India's renewable energy sector.
Waaree Renewable Tech secures EPC contract for 300 MW solar project
Waaree Renewable Technologies announced that it has received a Letter of Award (LoA) from Sunsational Power Private Limited (SPPL) for the execution of an Engineering, Procurement and Construction (EPC) contract.
Samvardhana Motherson commissions its maiden captive solar project in Uttar Pradesh
Samvardhana Motherson International, through its energy business company, Motherson New Energy (MNEL), has commissioned its first ground-mounted captive solar power project in Uttar Pradesh via its subsidiary Onega Solar. Located in Mahoba, the 15 MWp solar facility will supply clean, renewable energy to multiple Motherson manufacturing plants across the state, marking a significant milestone in the Groups clean energy transition strategy.
ICICI Securities bullish on defence sector; bets on HAL, Solar, ASTM, BEL
The geopolitical backdrop, analysts believe, continues to provide a structural tailwind, as the conflict in the Middle East has reinforced defence budget urgency across GCCs
NTPC eyes low-load thermal units
State-owned NTPC Ltd is seeking expressions of interest for developing thermal power units capable of operating at significantly lower loads, down to 25%. This move aims to enhance grid flexibility and support the integration of a growing share of variable renewable energy sources like solar and wind power.
ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
ACME Solar raises ₹2,800 crore through QIP; check the list of allottees
The successful completion of the QIP is expected to strengthen Acme Solar's balance sheet by lowering leverage and providing additional financial flexibility to support future growth plans.
PM rooftop solar scheme set for 7.5 million milestone
India's PM Surya Ghar Muft Bijli Yojana is set to reach over 7.5 million homes by year-end, with 4 million already benefiting. The scheme, launched in February 2024, aims to boost rooftop solar adoption, especially for families using 1-3 kW of electricity. Over 6.5 million applications are in the pipeline, indicating strong public interest and momentum.
Clean energy sector to add over 44 lakh jobs by 2030: Study
India's clean energy sector is set to generate over 44 lakh jobs by 2030. Rooftop solar will be the biggest job creator, accounting for nearly 43 percent of these positions. This growth aligns economic progress with sustainability goals. The nation ranks third globally in renewable energy capacity. Focus on skilling and inclusion is vital for quality livelihoods.
Inox Clean Energy buys Vena's India energy business for Rs 6,000 crore
Inox Clean Energy is acquiring Vena Energy India's 6 GW renewable energy portfolio. This deal significantly expands Inox Clean's operational and development pipeline. The company is building an integrated clean energy platform through strategic buyouts and greenfield investments. Inox Clean aims for 10 GW of renewable generation capacity and 11 GW of solar manufacturing by FY28.
India crosses 41 lakh household-mark under rooftop solar scheme, to touch 75 lakh in Dec: Joshi
India is set to reach 75 lakh rooftop solar households by December under the PM Surya Ghar Muft Bijli Yojana, a significant jump from the current 41 lakh. The scheme, launched in February 2024, aims to install rooftop solar on one crore households, providing free electricity and financial assistance.
Suzlon Energy shares rise 2% after firm announces foray into solar, battery storage businesses under 'Suzlon 2.0'
Suzlon Energy shares gained on Thursday after the company unveiled its ‘Suzlon 2.0’ strategy, expanding beyond wind energy into solar and battery storage solutions. The company aims to build a 15 GW order book by FY31, quadruple renewable energy sales and strengthen its position as a full-stack renewable energy player.