Page 9 - Renewable Energy

Power demand to increase by 6-6.5% over next five years, says ICRA

ICRA attributes the growth in demand to greater adoption of electric vehicles and green hydrogen segments, and the expansion of power-hungry data centres

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

India's grid gets ready to deal with 'too much' green energy risk

As unprecedented amount of RE flows in, grid managers devise ways to prevent supply disruptions

India's renewable energy capacity grows 3-fold to 232GW in last decade

India has logged threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW, including large hydro power plants, currently compared to 75.52GW capacity in March 2014, official sources said. India has emerged as a global front runner in renewable energy space as the traiff of the grid-connected solar power plants has gone down by 80 per cent to Rs 10.95 per unit (for 170MW at Neemuch), sources said. In March 2014, India's installed solar energy capacity was 2.82 GW, which has crossed 108GW now, recording multifold growth. Wind energy capacity has more than doubled to 51GW presently from 21GW in 2014. Sources mentioned that during the UPA regime, India was almost absent in the solar manufacturing scene, with a meagre 2GW of solar module production in 2014. In 2024, India has transformed into a global leader, with solar module manufacturing skyrocketing to 90GW and by 2030, the nation will reach an impressive 150GW, the

ACME Solar Holdings Q4 results: Net profit dips 77% to Rs 122 crore

ACME Solar Holdings has reported a more than 77 per cent dip in consolidated net profit to Rs 122 crore for the March quarter, mainly due to an exceptional gain in the year-ago period. In January-March FY24, the company had reported an exceptional gain of Rs 696 crore from the divestment of 369 MW of operational solar assets in Punjab, Uttarakhand, and Karnataka, it said. The company had clocked Rs 532.3 crore net profit in Q4 FY24 on account of the exceptional gain. However, the company increased its total income to Rs 539.2 crore in the fourth quarter from Rs 318 crore in the year-ago quarter, a BSE filing said on Monday. As per the filing, its finance costs increased to Rs 205.5 crore from Rs 177.3 crore in the January-March period of FY24. Depreciation and amortisation expenses also rose to Rs 102.2 crore from Rs 61.2 crore in Q4 FY24. For the entire FY25, the net profit rose to Rs 250.8 crore from Rs 697.7 crore in FY24. In a separate filing, the company said its wholly-own

Transmission capex, renewable energy segment may energise Tata Power stock

Tata Power benefits from transmission capex, reforms in distribution and green capex. It targets RE capacity of 15GW by FY27 and has capex plans of ₹84,200 crore for FY24-27

EU, India join hands to fight marine pollution, develop hydrogen tech

The European Union and India have joined hands to find innovative research solutions to combat marine pollution and work on the development of waste-to-renewable hydrogen technologies. The embassy of EU Delegation in India, in a statement on Friday, said the EU and India launched "two new significant research and innovation initiatives" under the EU-India Trade and Technology Council (TTC), with "a total investment of Euro 41 million (Rs 394 crore)". These initiatives will drive collaborative solutions to pressing environmental challenges and foster cutting-edge technological advancements, it said. "Coordinated under the EU's Horizon Europe programme and co-funded by Indian ministries (MoES and MNRE), the two research calls will bring together researchers, start-ups, and industries from the EU and India to develop sustainable, scalable solutions with global impact," the statement said. MoES and MNRE refer to Ministry of Earth Sciences and Ministry of New and Renewable Energy of the

ReNew kicks off work for Rs 22K cr green energy complex in Andhra Pradesh

ReNew reenters Andhra Pradesh with India's biggest single-site renewable energy project, backing the state's clean energy push with a Rs 22,000 crore commitment

Alpex Solar bags ₹1,068.84 cr orders, key tie-up with Coal India arm

Greater Noida-based Alpex Solar on Thursday said it has secured orders worth Rs 1,068.84 crore from various companies, including Coal India arm Central Mine Planning and Design Institute Ltd and Haryana Renewable Energy Development Agency. Alpex Solar, in consortium with NVNR Power & Infra Ltd, has secured a Rs 349.99 crore order from Central Mine Planning and Design Institute (CMPDIL), a subsidiary of Coal India, the company said in a statement. The project encompasses design, engineering, procurement, supply, construction, fabrication, erection, installation, testing, and commissioning of a grid-connected ground-mounted solar power plant at Nandan Washery, Kanhan area, under Western Coalfields. Alpex Solar holds a 70 per cent stake in the consortium. Under the project, the consortium will also construct a 32kV double-circuit transmission line from the main control station to the feeding substation, along with requisite bay extension works. Additionally, the company recently won

REC to provide Rs 2.5 trn finance for renewable energy projects till 2030

State-owned non-banking finance firm REC Ltd will increase its exposure to renewable energy projects by about Rs 2.5 lakh crore in next six years to aid India's target of having 500 GW of non-fossil fuel energy by 2030. REC currently has an exposure of about Rs 53,000 crore in renewable energy projects with a total loan book of Rs 5.67 lakh crore as on March 31, 2025. The company has planned to achieve a loan book of Rs 10 lakh crore including Rs 3 lakh crore exposure in renewable energy project by 2030. Renewable energy is a key area where the company will focus in the coming six years in view of nation's ambitious target of having 500 GW renewable energy by 2030. Talking to PTI, REC Chairman and Managing Director Jitendra Srivastava said, "Currently, our loan book stands at around 5.67 lakh crore. and we are trying to aim for a loan book of 10 lakh crore by 2030. Out of this, we would like to see the renewable sector touching around 3 lakh crore, which is currently around Rs 52,0

CIL to set up $3 bn worth clean energy projects to boost renewable heft

AM Green, in which the founders of India's Greenko Group have large stakes, targets to produce 5 million tons per annum (MTPA) of green ammonia by 2030

Reliance Power allots shares worth Rs 348 cr to Reliance Infra, Basera

Reliance Power has allotted 10.55 crore shares to Reliance Infra and Basera Home Finance after early warrant conversion, boosting its clean energy expansion

India may save $66 billion by phasing out thermal coal imports by 2029

Boosting renewable energy capacity could help India eliminate thermal coal imports and save $66 billion between 2025 and 2029

TaMo, Tata Power Renewable Energy partner to develop wind-solar project

Tata Motors on Monday said it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO2 emissions each year, the Mumbai-based auto major said in a statement. The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles, it added. "This project reinforces our commitment to integrate renewable energy into our operations," Tata Motors Vice President -- Operations, Commercial Vehicles Vishal Badshah said. With this PPA, the company's plants in Maharashtra and Gujarat will take a significant leap towards green manufacturing, complementing India's green transition, Tata Motors Passenger ..

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

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

Waaree Renewable Tech results: Net profit jumps 83% to Rs 94 cr in Mar qtr

Waaree Renewable Technologies Ltd (WRTL) on Wednesday posted about 83 per cent rise in its consolidated net profit to Rs 93.76 crore in the March quarter on account of higher income. It had reported a net profit of Rs 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to Rs 481.43 crore from Rs 275.35 crore in the same quarter a year ago. Its expenses stood at Rs 356.25 crore against Rs 203.27 crore in the year-ago quarter. The company's board has also approved the appointment of Sudhir Arya as an Additional Director in the category of (Non-Executive, Independent Director) of the company with effect from Wednesday, April 16, 2025. It has also approved the changed designation of Sunil Rathi from Non-Executive Director to Executive Director on terms and conditions as may be decided by Board with the effect from Wednesday, April 16, 2025. Manmohan Sharma has been appointed as the Chief Financial .

Uber's rumoured tie-up with BluSmart to achieve green goals under a cloud

Given both customer and driver dissatisfaction with Uber, partnering with BluSmart's EV fleet would augment both Uber's EV cab strength, as well as help it on its mission to zero-emission by 2040

Ireda gains 6% as March quarter profit jumps 49%, stock surges 5.57%

Shares of IREDA on Wednesday jumped nearly 6 per cent after the state-owned firm reported a 49 per cent rise in standalone profit after tax in the quarter ended March 2025. The stock surged 5.57 per cent to Rs 176.40 apiece on the BSE. During the day, it climbed 7.42 per cent to Rs 179.50. On the NSE, the stock jumped 5.64 per cent to Rs 176.41 each. IREDA (Indian Renewable Energy Development Agency Ltd) on Tuesday reported a 49 per cent rise in standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25, the company said its profit after tax (PAT) was the highest ever at Rs 1,699 crore, up 36 per cent compared to FY24. As of March, the company said its net worth was Rs 10,266 crore, up 20 per cent YoY. Meanwhile, capital markets regulator Sebi on Tuesday barred Gensol Engineering and promoters -- Anmol Singh Jagg

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