Page 2 - Renewable Energy Sector

India may cancel stalled green power projects struggling to find clients

While the move could free up grid capacity struggling to keep up with India's rapid renewable rollout, it would be a major setback for the green ambitions of the world's third-highest emitter

Brookfield's Andhra Pradesh project gets ₹7,500 crore REC funding

Brookfield is one of the world's largest investors in renewable power, with about 46 GW of installed capacity and a development pipeline of approximately 200 GW

Govt says India's renewable energy sector has entered consolidation phase

Government says renewable sector is transitioning from rapid expansion to a consolidation phase, focusing on grid integration, dispatchable energy, and market reforms

Waaree Renewable Technologies share zooms 13% on record Q2 profit, revenue

At 11:00 AM, Waaree Renewable Technologies share price was trading 8.58 per cent higher at ₹1,231.90 per share. In comparison, BSE Sensex was trading 0.42 per cent lower at 82,156.20 levels.

Centre tells renewable energy agencies to cancel rushed solar tenders

Some agencies gave companies only seven days to submit bids, the ministry said in the circular, without providing details on which agencies were involved or the values of such projects

Waaree Energies share price rises 4% today; should you buy, sell or hold?

Waaree Clean Energy Solutions Pvt Ltd will expand its Electrolyser manufacturing capacity from 300 MW to 1,000 MW annually with an additional Capex of ~₹125 crore.

GST revamp: Generation cost of solar plants may drop by 10 paise per unit

The GST rationalisation is expected to lower solar power generation costs by 10 paise per unit & reduce wind energy generation costs by Rs 15-17 paise per unit, accelerating India's energy transition

India's renewable energy sector attracted $11.8 bn investment in H1 2025

India's renewable energy investments reached $11.8 billion in H1 2025, marking the second-highest half-year activity on record, according to BloombergNEF's latest tracker.

BS Infra Summit: 'High costs, infra gaps are roadblocks to renewable push'

India has set a target of 500 gigawatt (Gw) of renewable energy capacity by 2030. However, the installed base currently stands at around 225 Gw

Finance, transmission, storage key to renewable future: Experts at BS Infra

Business Standard Infrastructure Summit: Renewable energy leaders flag high cost of capital, Discoms, and storage bottlenecks as potential hurdles to growth

ACME Solar secures ₹15,000 crore debt funding for greenfield projects

The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE), he said

India's renewable projects without supply deals double in 9 months: Report

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts

SECI inks power sale pacts for 60 GW of renewable energy over 14 years

State-owned Solar Energy Corporation of India (SECI) on Tuesday said it has achieved the milestone of executing over 60 Gigawatts (GW) of power sale agreements of renewable energy (RE) capacity in 14 years. The Power Sale Agreements (PSAs) cover a diverse portfolio of solar, wind, and hybrid energy projects, collectively representing a significant share of India's rising RE capacity, SECI said in a statement. Through these agreements, SECI guarantees long-term purchase of power generated, providing payment security to developers and investors while demonstrating the viability of renewable energy ventures in the country. Such long-term arrangements are critical to unlocking the full potential of India's RE sector, it said. "The signing of 60 GW worth of Power Sale Agreements within just fourteen years of establishment marks a pivotal moment for SECI's journey. SECI continues to be at the forefront of ensuring that India stays on track to meet its ambitious clean energy targets. We a

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

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), ...

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

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

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

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

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