Page 5 - Renewable Energy

Hindalco plans $10 billion investment over 5 years to boost value chain

At its AGM, Hindalco unveiled a $10 billion investment plan over five years to expand aluminium, copper and alumina operations, with its Dahej smelter set to become the largest outside China

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

Renewable energy sector to transform Rajasthan: Experts at BS Samriddhi

Speaking at BS Rajasthan Samriddhi 2025, experts highlighted why Rajasthan is a solar capital and how it will generate 125 GW of renewable energy out of the country's total 500 GW target

Servotech Renewable stock jumps 7% on solar power order; check details here

Servotech Renewable's stock was trading 5.5 per cent higher at ₹131.5 per share compared to the previous session's close of ₹124.62 on the NSE

Rajasthan rides the crest of renewable energy wave, attracts investments

The state emerges as the top destination for new investment projects in Q1FY26, displacing the more advanced states of Maharashtra and Gujarat

InoxGFL to invest Rs 50,000 crore in renewable energy operations by FY29

Hybrid power projects integrate two or more energy sources -such as solar and wind - to improve overall system efficiency and reliability

ReNew cuts 18.6 million tonnes of carbon emissions in FY25 report

ReNew on Tuesday said it reduced 18.6 million tonnes (MnT) of carbon emissions in FY25 by setting up clean energy capacities. Through its water saving initiatives, the company also helped in saving over 540 million litres of water, 50 per cent more than last year, ReNew said in its Second Integrated Report. "The company helped avoid over 18.6 million tonnes of carbon emissions in FY25 and is focused on meeting its SBTi (Science Based Targets initiative) validated net-zero target, a first for an Indian pure-play renewable energy company," the report said. In FY25, ReNew achieved an 18.2 per cent reduction in Scope 1 and 2 emissions from its FY22 baseline, exceeding the annual target of 12.6 per cent and maintained carbon neutrality for the fifth consecutive year. Additionally, the company has sourced 76 per cent of its electricity from renewables, well ahead of the 2025 target of 50 per cent. Sumant Sinha, Founder, Chairman and CEO, ReNew, said, "India is in the middle of a ...

24x7 power: Nasdaq-listed ReNew set for a round-the-clock start

The last leg of the peak power project's commissioning, set up in the Koppal district of Karnataka, will include the installation of a wind turbine

India's stranded renewable projects surge past 50 GW amid delays: Report

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters

Rooftop solar plant to be installed in 10 mn households by 2026-27: Govt

Rooftop solar plants will be installed in one crore households across the country by 2026-27 under the PM Surya Ghar Muft Bijli Yojana (PM-SGMBY), Union Minister of New and Renewable Energy Pralhad Joshi informed the Lok Sabha on Wednesday. Joshi also said that the central government has taken several initiatives and has been implementing various schemes and programmes for promotion and development of renewable energy in the country. "The government launched PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) in February, 2024 for installing rooftop solar for one crore households by 2026-27 across all states and UTs in the country," he said during the Question House. The minister said the government has also been implementing Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme across all states and UTs of the country. Under the scheme, capacities are allocated based on demand received and progress shown by the states and UTs, he said. Joshi said as per study on ...

NTPC Q1FY26 results: Profit rises 11% to ₹6,108.46 crore in April-June

State-owned power giant NTPC Ltd on Tuesday said its consolidated net profit increased 11 per cent to Rs 6,108.46 crore in June quarter. NTPC, the country's largest power generation company, had recorded a net profit of Rs 5,506.07 crore in the April-June period of preceding 2024-25 financial year. The company's revenues from operations came down to Rs 47,065.36 crore in the first quarter from Rs 48,528.88 crore in the same period a year ago. However, other income increased to Rs 755.75 crore from Rs 452.80 crore year-on-year. Total expenses were at Rs 42,539.94 crore as against Rs 41,844.18 crore in the corresponding quarter of FY25. However, NTPC brought down its fuel cost (a major component in power generation) to Rs 24,973.04 crore from Rs 27,844.82 crore in the year-ago quarter. Revenue from operations for the quarter ended June 2025 included Rs 2,331.44 crore on account of sale of energy through trading. Sale of energy through trading also includes exports amounting to Rs

ICRA downgrades NIIF backed Radiance Renewables' long term rating

ICRA lowers long-term rating to A- and outlook to negative citing delayed capacity additions and increased reliance on mezzanine debt by NIIF-backed RRPL

Turning used cooking oil into diesel blending feedstock remains a challenge

India's biodiesel blending rate was at a mere 0.60 per cent in FY25, against a target of 5 per cent by 2030, largely because of limited investments and challenges in collection of used cooking oil

Serentica to source wind turbines from SANY for 336 MW Karnataka project

Renewable energy firm Serentica Renewables on Tuesday said it will procure Wind Turbine Generators for its 336 MW Wind Project in Karnataka from SANY Renewable. Delivery for the project is expected to commence by December 2025, a company statement said. Serentica Renewables has selected SANY Renewable, a leading enterprise of high-end equipment manufacturing, to supply the Wind Turbine Generators (WTGs) for its 336 MW Wind Project in Karnataka, according to the statement The project will feature advanced SANY WTGs, each with a rated capacity of 4 MW. Akshay Hiranandani, CEO, Serentica Renewables, said in the statement, "336 MW wind project in Karnataka will play a pivotal role in reducing carbon emissions while providing a reliable, renewable energy source to industrial consumers." Gaurav Amdekar, COO, SANY Wind Energy India, said, "This partnership demonstrates our shared commitment to driving the transition to a low-carbon economy and contributing to India's renewable energy ..

Tata Power RE bags 30 MW/120MWh battery energy storage project from NHPC

Tata Power Renewable Energy Ltd (TPREL) has bagged a 30 MW/120 MWh battery energy storage project from state-owned NHPC. The project has been secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Ltd -- the end-user of the Battery Energy Storage System (BESS) asset, TPREL said in a statement on Friday. The project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Kerala. This means 30 MW of storage can provide back up of up to four hours. This is its first Battery Energy Storage Purchase Agreement (BESPA), TPREL said. It will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's

Govt allows NTPC to invest up to ₹20,000 cr in renewable energy

The government on Wednesday permitted state-run NTPC to invest up to Rs 20,000 crore for renewable energy capacity addition to achieve 60 GW capacity by 2032. I&B Minister Ashwini Vaishnaw shared details about the decision taken at the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The CCEA has enhanced delegation of power to NTPC Ltd to invest in NTPC Green Energy Ltd (NGEL) and subsequently, NGEL investing in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries up to Rs 20,000 crore for Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032. The earlier approved prescribed limit for NTPC was Rs 7,500 crore. The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country, an official release said. The move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock ...

Cabinet approves ₹7,000 crore NLCIL investment in renewables push

Centre eases investment restrictions for NLCIL, enabling 10 GW renewable energy target by 2030 and transfer of existing assets to new clean energy subsidiary NIRL

NTPC gets approval to invest up to ₹20,000 crore in renewable energy push

Centre raises NTPC's investment ceiling via NGEL to accelerate renewable energy capacity addition, supporting India's goal of 500 GW non-fossil power by 2030

India's ambitious energy stack takes shape, but faces legacy hurdles

The core of the India Energy Stack is to make energy pay for itself by a constant exchange of data between governments, the private sector, and consumers, but chronic problems of bad pricing remain

Siemens Energy Q2FY26 results: Net profit rises 36% to ₹246 crore

Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at Rs 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported Rs 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period. Revenues from transmission rose to Rs 1,013.8 crore from Rs 604.9 crore in January-March 2024. Revenue from generation grew to Rs 865.7 crore from Rs 591.7 crore. Expenses also shot up to Rs 1,548.6 crore from Rs 952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to Rs 477.8 crore from Rs 180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after th