Page 4 - Green Energy

NLC India receives Letter of Award from TN Green Energy Corporation

The NLC India Renewables Ltd, a subsidiary of NLC India, has received the Letter of Award (LoA) from the state government backed Tamil Nadu Green Energy Corporation Ltd for the development of three standalone Battery Energy Storage (BES) systems in the state. This is the first large-scale BES system project to be undertaken by NLCIL Group and marks a major milestone, the Tamil Nadu-based company said. The projects would be implemented under the Build-Own-Operate model with Viability Gap Funding support, NLC India said in a press release on Sunday. Each project with an aggregate capacity of 250MW/500MWh would be established at 400/230/110 kV Ottapidaram Sub Station, Tuticorin, 400/230/110 kV Anuppankulam Sub Station in Virudhunagar district and 400/230/110 kV Kayathar Sub Station, Tuticorin in the state. The company had bagged the projects through a 'competitive bidding process', it added.

Nepalese Foreign Minister calls for 'green energy cooperation' with India

Green energy cooperation will foster mutual interdependence between New Delhi and Kathmandu, Nepal's Foreign Minister Arzoo Rana Deuba said on Thursday, adding that it can be done by promoting clean and sustainable energy sources. India's commitment to import 10,000 MW electricity over the next decade reflects the growing momentum in Nepal-India energy cooperation, Deuba said while speaking at the NepalIndia Strategic Dialogue organised by think tanks Ananta Aspen Centre and Centre for Innovative Foreign Policy in Kathmandu. Nepal and India had signed a long-term agreement in January 2024 to facilitate the export of 10,000 MW of electricity to India in the next 10 years. The foremost priority in Nepal- India relations is the need to advance our economic partnership by intensifying cooperation in trade, transit and investment, Deuba asserted. Nepal's enormous hydro-potential offers a clean climate resilient and renewable energy source that can be harnessed for generations to come, s

Naidu eyes AP as green energy hub with ₹14 trn investment pipeline

As Naidu completes a year in office, Andhra Pradesh has attracted ₹14 trillion in investments, led by clean energy, with ₹9.2 trillion already cleared or incentivised

Coal India to restart 32 mines to meet power needs as clean energy stalls

India's coal giant revives old mines and plans new projects as renewable capacity falls short of surging consumption

Apollo Green Energy posts ₹44.36 cr profit, recommends 15% dividend

Apollo Green Energy on Thursday posted a net profit of Rs 44.36 crore in the 2024-25 financial year. The company had posted a net profit of Rs 29.57 crore 2023-24. According to a company statement, its revenue stood at Rs 1,171 crore in 2023-24 compared to Rs Rs 726.16 crore in 2024-25. The company recommended a 15 per cent dividend for shareholders for FY25, it said. With over 400 MW of solar capacity under its portfolio across multiple states, the company is targeting an EPC order book of 1 GW by 2026. Apollo Green Energy Chairman & Managing Director Raaja Kanwar said in the statement, "We are focusing on expanding our EPC pipeline and increasing our presence in emerging areas like IPP and energy storage." With a growing order book of over Rs 3,000 crore, it stated that Apollo Green is positioning itself as a reliable player in India's clean energy space.

Centre working continuously on green energy transition, says Nitin Gadkari

Union Minister Nitin Gadkari on Tuesday described hydrogen gas as the fuel of India's future and said the Centre is continuously working on green energy. "Hydrogen gas is the fuel of our future. Work is being done to make hydrogen from organic municipal waste, which is a very cheap option," Gadkari said addressing the 12th convocation of Graphic Era Deemed University here. He said he himself uses a vehicle that runs on hydrogen gas. Describing India as a country of youth, researchers and startups, Gadkari said there are CEOs of Indian origin in the top companies of the world. This shows the power and talent of India, he said. Congratulating the students for being conferred with PhD titles and degrees, the Union Minister for Road Transport and Highways, he asked them not to stop learning, having the courage to dream and the determination to fulfill them. "Only credibility, honesty, and the desire to do well can take you forward," Gadkari said. "India has the largest number of you

NTPC Green partners with Honeywell to explore SAF production in India

NTPC Green expects to broaden its green fuels portfolio with SAF blending with jet fuels as it will contribute to many of the company's projects

AM Green, Rotterdam Port partner for $1 bn India-Europe green fuel corridor

AM Green, backed by the founders of Greenko, has signed a pact with the Port of Rotterdam Authority to build a green energy supply chain between India and Northwestern Europe. The partnership would enable annual trade of 1 million tonnes of green fuels worth up to USD 1 billion, linking India's emerging green hydrogen clusters with Europe's largest energy port of Rotterdam. In a statement, the firm said it has signed a memorandum of understanding for "building a green energy supply chain between India and Northwestern Europe via Rotterdam, Europe's first energy port and a key hydrogen carrier's entry point". This includes the supply of bunkering fuels and Sustainable Aviation Fuels (SAFs) and analysing requirements for the development of terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe. The partnership will jointly support the development of strategic port infrastructure for safe distribution of hydrogen-based fuels and products, and link India

NTPC Green Energy wins 80MW battery storage project in Kerala auction

State-owned NTPC Green Energy on Thursday said it has bagged a battery energy storage project in Kerala in an auction conducted by NHPC. The 80MW/320MWh battery energy storage project will provide power back-up or supply of 80MW for four hours. NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said. The auction was part of NHPC's tender for the selection of Battery Energy Storage System (BESS) developers for setting up of 125MW / 500MWh ISTS-connected standalone BESS in Kerala. NGEL has secured two key projects under the initiative. Letter of award from NHPC is awaited, it stated.

KPI Green Energy Q4 results: Net profit sees over 2-fold jump to Rs 104 cr

KPI Green Energy on Wednesday said its net profit more than doubled to Rs 104.18 crore in the quarter ended March 31, 2025, on account of higher revenues. The company had posted a net profit of Rs 43.04 crore in the January-March period of the preceding 2023-24 financial year, the KP Group company said in a regulatory filing. The company increased its revenues to Rs 577.80 crore in the period under review, from Rs 292.96 crore in the year-ago quarter. The board has approved a dividend of 0.20 paise per equity share of the face value of Rs 5 each for financial year 2024-25, the filing added. Meanwhile, another group entity of Gujarat-based KP Group, KP Energy, reported a rise in consolidated net profit to Rs 45.79 crore, from Rs 24.89 crore in the fourth quarter FY24. Total income of the company rose to Rs 408.64 crore in the January-March period, from Rs 217.40 crore a year ago. Its board also approved 0.10 paise per equity share of face value of Rs 5 each for FY25. Part of the

UP bullish on green energy, approves CBG projects worth ₹6K crore

Currently, 25 CBG plants with a combined capacity of 213 tonnes per day (TBD) are functional in UP, accounting for 20 per cent of the operational CBG infrastructure in India

Green taxonomy: More resources will flow to climate-friendly projects

The draft taxonomy, launched with the aim of directing capital flows towards sustainable and climate-aligned activities, is thus a welcome development

Inox Green to handle operations, maintenance for 675 MWp solar projects

Inox Green on Wednesday said it has entered into an agreement to provide operations and maintenance (O&M) services for 675 MWp of solar projects of one of the country's leading renewable energy companies. This agreement marks Inox Green's entry into solar O&M -- a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company, a company statement said. "We are thrilled to enter into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries. "We believe that with our expertise, credentials and relationships across customers in India, we will be able to rapidly grow our portfolio of assets under management," S K Mathu Sudhana, CEO of Inox Green, said. The projects are located at sites owned by the said company across multiple states, Inox Green said, without disclosing the name of the ...

UP govt signs MoUs to boost solar push, targets 500 GW green energy by 2030

The Uttar Pradesh government is advancing policy-driven efforts to accelerate green revolution in the state and has signed initial agreements with the Smart Energy Council of Australia and the Hinduja Group. The government has set an ambitious target to generate 500 gigawatts of solar energy by 2030, an official statement said. With a vision to transform Uttar Pradesh, especially regions like Bundelkhand, Vindhya, and adjoining areas, into a hub for solar energy, the government is taking policy-driven efforts, it added. "The state recently signed a Memorandum of Understanding (MoU) with the Smart Energy Council of Australia and the Hinduja Group in a significant move. The government has set an ambitious target to generate 500 gigawatts of solar energy by 2030," it said. The government also noted that as solar capacity expands, so will local employment -- from panel manufacturing to installation, maintenance, grid integration, and transmission. The government has launched the Solar

Amid Gensol crisis, BluSmart says wallet refunds will take up to 90 days

Many users have voiced concerns about the lack of transparency regarding BluSmart's refund process. The development unfolds amid an ongoing investigation by Sebi into Gensol Engineering

Navigating RE glut: Thermal power major NTPC to buy unsold green energy

To absorb power from projects that failed to find any state to sign power purchase agreements

DLF Camellias flat for ₹43 cr, ₹6.2 cr to mother: Where Gensol funds went

Sebi accuses Gensol promoters of siphoning sanctioned EV loan funds to luxury purchases, stock trading, and unrelated ventures through circular transactions and connected firms

Ireda Q4 FY25 results: Net profit jumps 49% to Rs 502 cr, revenue up 37%

According to a company statement released on Tuesday, revenue from operations during the January-March period rose by 37 per cent year-on-year to Rs 1,904 crore

JSW Neo Energy acquires 4.7 GW green energy platform from O2 Power

JSW Energy on Wednesday said its arm JSW Neo Energy has completed the acquisition of 4.7 GW renewable energy platform from O2 Power for an enterprise value of Rs 12,468 crore. The total installed capacity now stands at 12.2 GW, with 54 per cent from renewable energy, the company said, adding that it is a bold step towards JSW Energy's 20 GW vision before 2030. "We are pleased to announce the completion of JSW Energy's largest acquisition to date of 4.7 GW of O2 Power. This acquisition brings high-quality assets across resource-rich states, along with the management team and employees having a proven track record in planning and execution," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said in a statement. "This strategic acquisition brings us closer to achieving our 20 GW capacity target significantly before 2030," Mahendra added. O2 Power also brings additional connectivity for 900 MW, which will facilitate our future growth, Mahendra noted. In 2020, O2 Power was

ISA eyes Indian private sector support for Africa's green energy growth

These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems