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Renewable Energy Sector

Slow capacity addition likely to weigh on NTPC's growth prospects

NTPC reports steady revenue and profit growth for FY25 but misses renewable capacity addition target; analysts raise concerns over sluggish growth despite heavy capex

Slow capacity addition likely to weigh on NTPC's growth prospects
Updated On : 27 May 2025 | 10:51 PM IST

Global forum hails India's leadership in driving Asia's energy transition

A global forum focussed on climate protection has lauded India's progress in the renewable energy sector and said the country has a leadership role in Asia's energy transition. "India has a leadership role in the energy transition in Asia. It's making steady progress on its climate goals, with a focus on solar roll-out. This is encouraging," said Helen Clarkson, CEO of Climate Group-- a not-for-profit international entity. Clarkson, who led the Climate Group Asia Action Summit in Singapore last week, said, "India's progress in renewables is interesting with progress seen in the last few years". India's total installed renewable energy (RE) capacity has reached 220 GW as of FY25, she said, citing the latest data from the Ministry of New and Renewable Energy (MNRE). Solar energy leads the sector, accounting for approximately 48 per cent of the total RE capacity, followed by wind energy (23 per cent), large hydro (22 per cent), bio power (5 per cent) and small hydro (2 per cent), ...

Global forum hails India's leadership in driving Asia's energy transition
Updated On : 12 May 2025 | 10:21 AM IST

Zelestra India appoints Prashant Kumar as chief financial officer

Renewable energy solution provider Zelestra India on Thursday announced the appointment of Prashant Kumar as Chief Financial Officer (CFO) with immediate effect. Kumar will report to Sajay K V, the CEO, and will oversee all financial operations for India with a focus on strengthening financial governance, driving strategic planning, and optimizing capital efficiency to support business expansion, the company said in a statement. The appointment comes as Zelestra continues to strengthen its market position, the CEO said. "The company is growing every day. We now have a pipeline of wind, solar and BESS technology of over 5 GW in total, with three major projects in construction this year. This accelerated growth means we need a top senior leadership team to ensure we rise to all of the challenges ahead. Therefore we welcome Prashant to Zelestra India team," he said. Kumar has a post-graduate degree in Management from XIMB (Xavier Institute of Management, Bhubaneswar) and more than two

Zelestra India appoints Prashant Kumar as chief financial officer
Updated On : 17 Apr 2025 | 2:15 PM IST

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

Ireda Q4 FY25 results: Net profit jumps 49% to Rs 502 cr, revenue up 37%
Updated On : 15 Apr 2025 | 9:09 PM IST

India adds record 25 GW of solar capacity in 2024, says Mercom report

Solar capacity addition more than doubled to 25.2 gigawatt (GW) in 2024 as developers raced to complete delayed projects, Mercom Capital said. The country added 8.3 GW of solar capacity during 2023, the US-based research firm said in its latest report. "Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024," Mercom India Solar Market Update report said. According to Mercom, large-scale solar projects (including solar open access) accounted for more than 87 per cent of the total capacity additions, while rooftop solar contributed nearly 13 per cent. Installations under the open access model comprised over 31 per cent of the large-scale solar capacity additions. Rajasthan, Gujarat, and Maharashtra led the large-scale solar installations in 2024, accounting for around 32 per cent, 27 per cent, and 8 per cent of the capacity additions, respectively. "India's solar sector saw record-breaking installations in 2024, but the numbers coul

India adds record 25 GW of solar capacity in 2024, says Mercom report
Updated On : 11 Mar 2025 | 3:33 PM IST

JSW Group to invest in cement, renewable & thermal power sectors in Assam

Advantage Assam 2.0 Summit: Sajjan Jindal spoke on the strategic importance of the Northeast in India's economic trajectory, noting the region will play a crucial role in India's economic growth

JSW Group to invest in cement, renewable & thermal power sectors in Assam
Updated On : 25 Feb 2025 | 2:48 PM IST

By 2030, India wants to add 500 GW renewable energy capacity: PM Modi

Prime Minister Narendra Modi virtually addressed the India Energy Week 2025, outlining India's energy roadmap and the country's commitment to becoming a global energy leader

By 2030, India wants to add 500 GW renewable energy capacity: PM Modi
Updated On : 11 Feb 2025 | 11:32 AM IST

Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat

Suzlon Energy shares have jumped 16 per cent over the last three trading sessions on the back of robust Q3FY25 results, which were supported by strong execution

Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat
Updated On : 31 Jan 2025 | 11:41 AM IST

India aiming for 1,800 GW RE by 2047, 500 GW by 2030: Pralhad Joshi

India is eyeing a long-term target of 1,800 GW of renewable energy capacity by 2047 under 'Viksit Bharat@2047' vision when the nation will celebrate 100 years of independence, Union Minister Pralhad Joshi said on Wednesday. Addressing the India Energy Transit Summit here, Joshi, who has the portfolio of 'Ministry of New & Renewable Energy', said, "Overall, things are very fast. Now we are not thinking about 2030 (when 500 GW of renewable energy capacity will be achieved), we are thinking about 2047." He said whatever is planned for 2030 will be done but we are also thinking about 2047 (target of 1,800 GW). "We have a long-term vision and roadmap under Prime Minister Narendra Modi's leadership for 2047... We will definitely achieve 500 GW capacity by 2030, that is for sure. We are even working for 1,800 GW installed non-fossil capacity by 2047." The minister said 500 GW by 2030 is a short-term plan and the government is focusing on a long-term goal for 2047. He said, "We have ...

India aiming for 1,800 GW RE by 2047, 500 GW by 2030: Pralhad Joshi
Updated On : 29 Jan 2025 | 9:50 PM IST

India Energy Week 2025 to be 2nd largest global energy event: Hardeep Puri

The third edition of the four-day India Energy Week, which is scheduled to take place in the National Capital from February 11, will be the second-largest energy event globally in terms of participation, exhibition space, and sessions, Union Minister Hardeep Singh Puri said on Friday. Addressing the media here ahead of the four-day event, Puri, who is the Minister for Petroleum and Natural Gas, said that a Clean Cooking Ministerial will also be hosted on the sidelines of the India Energy Week 2025. The Ministerial will serve as a vital platform to strengthen collaborative efforts for accelerating the global adoption of clean cooking solutions and further amplify India's leadership role in ensuring access to sustainable and affordable energy solutions, reinforcing its global commitment to energy equity, the government said. India's highly successful Pradhan Mantri Ujjwala Yojana (PMUY) will take centre stage, showcasing valuable insights and best practices as a global template for ..

India Energy Week 2025 to be 2nd largest global energy event: Hardeep Puri
Updated On : 24 Jan 2025 | 9:28 PM IST

Trump halts authorisations for renewable projects on federal lands, waters

President Donald Trump and his nominees have championed oil, gas and coal production while disparaging renewable power as unreliable

Trump halts authorisations for renewable projects on federal lands, waters
Updated On : 24 Jan 2025 | 8:03 AM IST

India's renewable energy capacity rises 16% to nearly 210 GW by December

India's renewable energy installed capacity increased by 15.84 per cent to 209.44 GW by December 2024 from 180.80 GW a year ago, marking a record expansion, an official statement said on Monday. The total capacity added during 2024 more than doubled to 28.64 GW from 13.05 GW added a year ago. In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year rise in its cumulative installed capacity to 97.86 GW in 2024, the statement by Ministry of New & Renewable Energy (MNRE) said. Wind power addition was 3.42 GW in 2024, taking the total wind capacity to 48.16 GW, a growth of 7.64 per cent from 2023. Bioenergy installed capacity rose from 10.84 GW in December 2023 to 11.35 GW in December last year. Small hydro power projects saw incremental growth, with installed capacity increasing from 4.99 GW in 2023 to 5.10 GW in 2024. MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives to

India's renewable energy capacity rises 16% to nearly 210 GW by December
Updated On : 13 Jan 2025 | 9:59 PM IST

Waaree Energies board approves Rs 850 cr investment in energy facilities

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited. The board approved "capital expenditure of Rs 551 crore and investment of Rs 200 crore for 300 MW electrolyser manufacturing plant in its wholly-owned subsidiary Waaree Clean Energy Solutions, under the PLI Scheme," Waaree Energies said in an exchange filing. It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions. The capex will be funded by a mix of debt and internal accruals, the company said. The board further approved the appointment of Amit Paithanka, Chief Executive

Waaree Energies board approves Rs 850 cr investment in energy facilities
Updated On : 23 Dec 2024 | 3:59 PM IST

Solar sector deals likely to pick pace in 2025, say industry officials

As of October, nearly 10 leading RE companies in India were actively seeking buyers for 20 GW capacity

Solar sector deals likely to pick pace in 2025, say industry officials
Updated On : 18 Dec 2024 | 7:41 PM IST

Inox Wind secures 60 MW equipment supply order from Serentica Renewables

Inox Wind (IWL) on Wednesday said it has secured a 60 MW equipment supply order from Serentica Renewables. This order is for the supply of 3 MW class wind turbines. This order is to be delivered within H1 CY25 and it will be installed at the hybrid renewable energy project site being developed by Serentica Renewables in Karnataka, the company said in a statement. Additionally, IWL will provide multi-year post-commissioning Operations & Maintenance (O&M). The power generated from this project will be supplied to Serentica's partners, including the Vedanta Group. Kailash Tarachandani, Group CEO, Inox Wind said in the statement, "We are extremely pleased to establish our relationship with Serentica with this 60 MW equipment supply order. Akshay Hiranandani, CEO of Serentica Renewables, said, "Our collaboration with Inox Wind for this 60 MW wind project in Karnataka marks another significant milestone in our journey to deliver reliable and green energy to our partners, including .

Inox Wind secures 60 MW equipment supply order from Serentica Renewables
Updated On : 18 Dec 2024 | 1:12 PM IST

India's RE capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition almost doubled to 15GW during the April-November period of this fiscal compared a year ago, indicating India's commitment towards the target of 500GW non-fossil capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing at CII International Energy Conference & Exhibition 2024 here, Joshi said, "In fact, over the past decade, under the visionary leadership of Prime Minister Narendra Modi, India has charted an extraordinary path in the renewable energy sector. Today, India is one of the world's most promising nations in the clean energy space." Between April-November of the current financial year, India added almost 15 GW of renewable energy capacity, nearly double the 7.54 GW added during the same period last year, he said. At present, India's total installed capacity of the non-fossil fuel sector has touched 214 GW, over 14 per cent increase compared to the same month last year. The government is

India's RE capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
Updated On : 17 Dec 2024 | 1:34 PM IST

JSW Energy gets RE projects, achieves total locked-in capacity of 20 GW

JSW Energy on Monday said it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW. The company's locked-in renewable energy commercial and industrial (C&I) capacity stood at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity, a JSW Energy statement said. Currently, the operational C&I capacity of the company stood at 488 MW, it informed. The company's step-down subsidiaries have executed power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd for the supply of renewable energy. These strategic partnerships underscore the company's commitment towards sustainable energy solutions. Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW. "I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform," Sharad Mahendra, Joint Managing ...

JSW Energy gets RE projects, achieves total locked-in capacity of 20 GW
Updated On : 16 Dec 2024 | 11:40 AM IST

Tata Power to invest Rs 1.2 trillion in renewable energy in Rajasthan

Tata Power has announced an investment of Rs 1.2 lakh crore in Rajasthan in various renewable energy related projects including rooftop solar installation and electric vehicle charging infrastructure. Speaking at the Rising Rajasthan Global Investment Summit which started on Monday, CEO and MD of the company Praveer Sinha said the company's investment roadmap was aimed at making Rajasthan a power surplus state through a range of initiatives. "Tata Power's clean energy roadmap for the state would significantly contribute to India's goal of becoming net-zero carbon by 2070 and the state's ambition to emerge as the next clean energy hub in the country," Sinha told reporters after the inauguration ceremony. The initiatives include renewable energy projects with Rs 75,000 crore investment (comprising solar, wind and hybrid projects across key regions like Bikaner, Jaisalmer, and Jodhpur); rooftop solar, transmission and distribution, and EV charging infrastructure. "The investment is ..

Tata Power to invest Rs 1.2 trillion in renewable energy in Rajasthan
Updated On : 09 Dec 2024 | 7:48 PM IST

Suzlon, Jindal Renewables expand partnership with new wind power project

Suzlon's total order book now stands at a highest ever 5.4GW. Its stock soars almost 4% on Wednesday

Suzlon, Jindal Renewables expand partnership with new wind power project
Updated On : 04 Dec 2024 | 5:03 PM IST

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

Clean energy job growth outpaces fossil fuel sector in India: Report
Updated On : 15 Nov 2024 | 3:57 PM IST