Page 3 - Renewable Energy

India now 4th largest renewable energy producer at 257 GW: Pralhad Joshi

Union minister Pralhad Joshi on Tuesday said India is the fourth-largest nation in the world in terms of renewable energy capacity, at 257 GW, a three-fold jump from 81 GW in 2014. Addressing the 8th session of the International Solar Alliance Assembly, the union minister of new and renewable energy said India's solar capacity increased from 2.8 GW in 2014 to 128 GW today. He said, "India is now the world's 4th-largest in RE capacity. Renewables in 2014 V/s Now: 81 GW - 257 GW." He informed that solar module manufacturing capacity increased from 2 GW in 2014 to 110 GW at present. Similarly, the solar cells manufacturing increased from 'zero' to 27 GW. He said under the leadership of Prime Minister Narendra Modi, India achieved the Nationally Determined Contribution target of 50 per cent capacity from non-fossil sources, five years ahead of the deadline. India's renewable tariffs, be it solar, solar-plus-battery, and green ammonia, are among the lowest globally, he said, adding th

Japanese auto major Honda Motor picks up minority stake in OMC Power

Japanese auto major Honda Motor Co Ltd has picked up a minority stake, in the range of 5-10 per cent, in homegrown OMC Power, which is in the process of building up 1 gigawatt (GW) renewable energy portfolio in India, according to industry sources. The investment has come at a time when OMC Power is entering into a new business vertical where the company will deploy electric vehicle (EV) batteries as battery energy storage system (BESS) solution, and re-purpose the old EV batteries to support with UPS (uninterrupted power supply) like the inverters or some similar kind of applications. As per industry sources, Honda Motor is learnt to have picked up a stake of 5-10 per cent in OMC Power and may increase its share in the future. In an interaction, OMC Power MD & CEO Rohit Chandra said both companies had been in talks for over 4 years to work out a business collaboration. It is the result of research and development, market studies, feasibility studies, and customer trials, all of ..

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

Coal may singe net-zero journey as India readies updated climate pledge

Indian policymakers are drawing up an updated climate change pledge to be presented to the UN by early November. The world's watching closely

Centre plans tighter rules for green power to safeguard grid stability

Unpredictable weather makes it difficult for green energy producers to meet scheduled supply, often causing surges or shortfalls that strain the grid's balance

India added record 34.4 Gw solar, wind power capacity in 9 months of 2025

The country's overall renewable energy installed capacity reached 247.3 Gw at the end of September

Waaree Renewable Q2FY26 results: Net profit more than doubles to ₹116 cr

Waaree Renewable Technologies' consolidated net profit in September quarter more than doubled to Rs 116.34 crore on the back of higher revenues. The company had logged a consolidated net profit of Rs 53.51 crore in the quarter ended September 30, 2024, a BSE filing said. According to a company statement, the company recorded its highest-ever quarterly revenue and PAT (net profit), driven by robust execution, strong sectoral tailwinds, and continued expansion into new energy verticals including Battery Energy Storage Systems and data centres. The revenue stood at Rs 774.78 crore as against Rs 524.47 crore in Q2 FY25, delivering a growth of 47.73 per cent. The company's unexecuted order book stands at 3.48 GWp, to be executed over the next 1215 months, while its bidding pipeline remains robust at 27+ GWp, it stated. The board on Friday approved capex budget for setting up 28 MWp IPP solar power plants (14 MWp each) at two locations in Maharashtra. The board also approved capex budg

Govt proposes Electricity Bill 2025 for cost-reflective power pricing

The draft law seeks mandatory cost-reflective tariffs, lower industrial power rates, and relief from cross-subsidies while boosting clean energy investment

Beaten-down stocks Part 9: REC at current levels may reward patience

Analysts remain positive, citing a steady decline in bad loans and an uptick in new loan sanctions as key drivers of future growth

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.

India adds record 20.1 GW renewable capacity in Apr-Aug, 123% jump YoY

India added 20.1 GW renewable capacity in April-August FY26, a 123 per cent rise from last year, with ICRA projecting over 35 GW additions this fiscal supported by strong demand

Backlog of PPAs getting streamlined, says Hero Future Energies CEO

For developer, there are pros and cons of integrating upwards into equipment manufacturing. The critical thing here is that India is now developing an ecosystem for solar module manufacturing capacity

Backlog of PPAs getting streamlined, says Hero Future Energies CEO

For developer, there are pros and cons of integrating upwards into equipment manufacturing. The critical thing here is that India is now developing an ecosystem for solar module manufacturing capacity

IGL adds 3.7 lakh PNG connections, posts ₹1,468 crore PAT in FY25

Indraprastha Gas Ltd added 3.7 lakh PNG connections and 72 CNG stations in 2024-25, taking domestic PNG users past 3 million and posting Rs 1,468 crore profit after tax

India may attract $100 bn investments in green hydrogen by 2030: Joshi

India targets 5 MTPA green hydrogen by 2030, eyeing $100 bn investment and 600,000 jobs, as renewables surge and the nation aims to be a global hydrogen hub

NTPC-SAIL JV commissions Chhattisgarh's first floating solar power project

NTPC-SAIL commissions Chhattisgarh's first floating solar power project at Bhilai, boosting green energy, reducing carbon emissions, and conserving resources

Anand Rathi bullish on 2 solar stocks; eyes up to 33% upside: Here's why

Against this backdrop of sector tailwinds and resilient profitability, the brokerage has initiated coverage on Premier Energies with a Buy recommendation

Digging deep: India's geothermal policy should be pursued with care

India's geothermal endowment is significant, though its share in the energy mix remains negligible

Govt revises India's solar potential to 3,343 GW from 2014's 749 GW

India's revised solar potential now stands at 3,343 GW with Rajasthan, Maharashtra and Gujarat contributing nearly half, while floating solar could add another 700 GW