Page 5 - Green Energy

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

Expanding storage for green energy key to 24-hour electricity in India

There are several energy storage solutions, but more reliable and significant at a grid level are battery storage and Pumped Hydropower Energy Storage

Green Portfolio announces launch of AIF with Rs 300 crore target corpus

Portfolio management service provider Green Portfolio on Wednesday announced the launch of its Alternative Investment Fund (AIF) with a target corpus of Rs 300 crore. Of the Rs 300 crore, the company has already secured over 50 per cent of its commitments from existing and potential investors, Green Portfolio said in a statement. The new category III fund will meet the growing demand for pre-IPO, private market, and exclusive listed equity investment opportunities. The fund will allocate 70-80 per cent of its capital to listed equities, with a focus on small, mid, and micro-cap stocks, while 20-30 per cent will be invested in pre-IPO and private market opportunities. It will also consider preferential allotments, private placements, secondary opportunities, and SME companies. Commenting on the move, Divam Sharma, Co-Founder and Fund Manager at Green Portfolio, said that expanding into the AIF space feels like a natural next step. This move allows the company to offer clients unique

Slow tenders, weak export demand hit India's green hydrogen plans

Customer side hasn't come up as earlier envisaged

Vikram Solar to set up 1 GWh solid-state battery plant, expand to 5 GWh

The integrated solid-state battery manufacturing facility plans to scale up to 5 GWh, reinforcing India's push for energy storage and self-reliance

Dems target Trump's energy emergency after his pro-oil and gas moves

President Donald Trump began dismantling his predecessor's climate change and renewable energy policies on his first day in office, declaring a national energy emergency to speed up fossil fuel development a policy he has summed up as drill, baby, drill. The declaration calls on the federal government to make it easier for companies to build oil and gas projects, in part by weakening environmental reviews, with the goal of lowering prices and selling to international markets. Democrats say that's a sham. They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration's Inflation Reduction Act boosted renewable energy at a critical time, creating jobs and addressing the climate change threat 2024 was Earth's hottest year on record amid the hottest 10-year stretch on record. It would also set a horrible precedent, that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress h

India eyes higher ethanol blending target, boosts focus on green hydrogen

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

TotalEnergies, Air Liquide to invest $628 million in hydrogen venture

The joint project near the Zeeland refinery is expected to be commissioned in 2029, and the one that will supply the Antwerp plant should start operating by the end of 2027