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Adani Green Energy achieves 20 GW renewable milestone
Adani Green Energy (AGEL) has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development. The company generates over 52 billion units of clean electricity annually. The output represents nearly 3 per cent of India's electricity consumption, enough to power New York City for a year, or almost entire Mumbai and New Delhi combined.
Adani Green surpasses 20 GW renewable energy capacity, first in India to hit milestone
Adani Green Energy has achieved a landmark 20 GW of operational renewable capacity, the first in India to do so via greenfield development. This significant feat, accomplished within a decade, generates enough clean electricity annually to power nearly 3% of India's needs. The company's expanding portfolio, including solar, wind, and battery storage, underscores its pivotal role in accelerating the nation's clean energy transition and bolstering energy security.
ACME-IHI JV secures $5 billion Japanese support for Odisha green ammonia project
A significant boost for India's green energy ambitions! ACME Group's joint venture with Japan's IHI Corporation has secured a massive $5 billion in Japanese government price support. This funding is earmarked for two key clean energy initiatives, including one of India's largest green ammonia projects in Odisha. This development marks a crucial step towards decarbonising vital industrial sectors.
ACME-IHI JV secures $5 billion Japanese support for Odisha green ammonia project
A significant boost for India's green energy ambitions! ACME Group's joint venture with Japan's IHI Corporation has secured a massive $5 billion in Japanese government price support. This funding is earmarked for two key clean energy initiatives, including one of India's largest green ammonia projects in Odisha. This development marks a crucial step towards decarbonising vital industrial sectors.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
Sterling & Wilson gains after JV secures $560 mln solar power plant project in Eygpt
Sterling & Wilson Renewable Energy gained 1.99% to Rs 249.50 after the company, in a joint venture with Hassan Allam Construction has secured letter of award for the construction of solar power plant in Egypt.
Stocks to Watch for June 30: Axis Bank, HDFC Bank, Bandhan Bank and more
From HDFC Bank's proposed CFO appointment to Sterling & Wilson Renewable Energy's major solar project win in Egypt, here are the key stocks to watch ahead of Tuesday's trading session.
Sterling Wilson JV secures 1,000 MWac solar-plus-storage order in Egypt worth $560 million
Shares of Sterling and Wilson Renewable Energy Ltd ended at ₹244.25, down by ₹2.25, or 0.91%, on the BSE
SWSOLAR JV wins USD 560 million solar project in Egypt
Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt.
India Inc's green transition triggers hiring surge
As organisations step up their sustainability efforts, demand is also growing for senior leadership talent, including business heads for renewable energy businesses, chief executives for solar, wind and energy storage platforms, chief technology officers and chief sustainability officers, said search firms and recruiters.
UP targets 20,000 MW renewable energy capacity in next 2-3 years: Yogi Adityanath
Uttar Pradesh is aggressively boosting its renewable energy capacity, aiming for 20,000 MW in two to three years from the current 6,000 MW. Over six lakh families are now energy self-reliant through rooftop solar, significantly cutting bills. The state is also a leader in ethanol and compressed biogas production, with a new Rs 8,200 crore solar manufacturing plant set to bolster domestic production and create jobs.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.