Friday, June 13, 2025 | 12:57 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Solar Power

Tata Power Q4 results: Profit up 25% to ₹1,306 cr; revenue rises 7%

Tata Power reported a 25% rise in Q4FY25 profit and record full-year revenue, with rooftop solar, Tirunelveli manufacturing, and Discom gains boosting growth

Tata Power Q4 results: Profit up 25% to ₹1,306 cr; revenue rises 7%
Updated On : 14 May 2025 | 8:53 PM IST

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

REC to provide Rs 2.5 trn finance for renewable energy projects till 2030
Updated On : 08 May 2025 | 8:13 PM IST

Coal India signs MoU with UPRVUNL to set up solar power plant in UP

State-owned CIL on Monday said it has signed an MoU with UPRVUNL to set up a 500 MW solar power project in Uttar Pradesh. The development is a part of initiatives of Coal India Ltd in the green energy space and to meet the growing energy demand of Uttar Pradesh. "Coal India Ltd (CIL) and UP Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) have executed a non-binding Memorandum of Understanding (MoU) on May 5, 2025 at Lucknow with an intent of setting of 500 MW Solar Power project in Uttar Pradesh," CIL said in a filing to BSE. The pact also includes provision for any additional opportunities which the parties mutually agree to collaborate in the foreseeable future. In April, Coal India had entered into a pact with Damodar Valley Corporation (DVC) for setting up an ultra supercritical power plant in Jharkhand with a total investment of Rs 16,500 crore. Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficien

Coal India signs MoU with UPRVUNL to set up solar power plant in UP
Updated On : 05 May 2025 | 3:44 PM IST

FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme

PMSGMBY is a solar energy scheme for both rural and urban households

FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme
Updated On : 28 Apr 2025 | 11:29 PM IST

Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co

Vikram Solar on Wednesday said it has secured a 150 MW solar module supply order from Maharashtra State Power Generation Co Ltd. The leading solar PV module manufacturer in a statement said it has bagged an order for a major renewable power project of 150 MW from Maharashtra State Power Generation Co Ltd (MAHAGENCO), a government of Maharashtra undertaking. The company will provide 150 MW of advanced N-Type Modules. The modules will be supplied in the districts of Jalgaon and Solapur in the state of Maharashtra to MAHAGENCO under Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) project 2.0. The order reinforces the Kolkata-headquartered company's standing as one of the premier names in India's Approved List of Models and Manufacturers (ALMM) list, the statement said. "We are proud to have secured this order, which marks another step forward in our mission to power a greener India through high-efficiency solar solutions. The trust placed in Vikram Solar is a reflection of our commitm

Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co
Updated On : 23 Apr 2025 | 12:16 PM IST

Jupiter International secures ₹500 cr investment to boost solar capacity

Solar solutions provider Jupiter International Ltd on Monday said it has secured an investment of Rs 500 crore from ValueQuest SCALE Fund and its affiliates to accelerate solar manufacturing expansion. The company operates at a 1 GW facility in Baddi, Himachal Pradesh, and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules, the company said in a statement. The present funding round of Rs 500 crore and internal accruals is proposed to support the company's ongoing capex programme, it said. According to the statement, Jupiter International Ltd -- a manufacturer of photovoltaic solar cells and a provider of comprehensive solar power solutions -- has announced that it has secured a Rs 500 crore investment from ValueQuest SCALE Fund and its affiliates. As a long-term partner, their continued confidence underscores our ability to scale efficiently and drive innovation, Jupiter International Managing Director Alok Garodia said. "Jupiter's integrated appro

Jupiter International secures ₹500 cr investment to boost solar capacity
Updated On : 14 Apr 2025 | 1:32 PM IST

Jindal Stainless jumps 5% after arm signs 11-Mw PPA with Sunsure Energy

Jindal Stainless shares were quoting at ₹536.45, up 4.65 per cent from the previous day's closing price of ₹512.60 on the National Stock Exchange (NSE)

Jindal Stainless jumps 5% after arm signs 11-Mw PPA with Sunsure Energy
Updated On : 11 Apr 2025 | 3:06 PM IST

ISA eyes Indian private sector support for Africa's green energy growth

These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems

ISA eyes Indian private sector support for Africa's green energy growth
Updated On : 09 Apr 2025 | 11:23 AM IST

India surpasses Germany as 3rd-largest wind, solar power generator: Report

India became the world's third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany, to according to a new report published on Tuesday. The sixth edition of global energy think tank Ember's Global Electricity Review said wind and solar together generated 15 per cent of global electricity last year. India's share stood at 10 per cent. The report said low-carbon sources, including renewables and nuclear power, together provided 40.9 per cent of the world's electricity in 2024. This is the first time the 40 per cent mark has been crossed since the 1940s. In India, clean sources accounted for 22 per cent of the electricity generation. Hydropower contributed the most at 8 per cent, while wind and solar together accounted for 10 per cent. Globally, renewables led the growth in clean electricity, adding a record 858 terawatt hours (TWh) in 2024 -- 49 per cent more than the previous record in 2022. Solar was the largest source of new electricity for the t

India surpasses Germany as 3rd-largest wind, solar power generator: Report
Updated On : 08 Apr 2025 | 6:32 AM IST

Delhi Assembly to get 500 kVA solar capacity, save ₹15L per month: Speaker

Delhi Assembly is targeting to set up 500 kVA capacity solar panels in 100 days to save a monthly electricity bill of Rs 15 lakh, Speaker Vijender Gupta said on Thursday. Addressing a press conference a day after the conclusion of the budget session, Gupta said that the Assembly will promote solar energy to send a message to the people to adopt it and ensure zero bills against electricity consumption. He said the Assembly has also targeted to go paperless before the monsoon session under the National e-Vidhan Application (NeVA) project. A media desk will be set up and equipped with 25 computers, an internet connection, and printers. Gupta said that in the 40 days of the formation of the new government in Delhi, two sessions were held and properly concluded. The seven-day budget session was conducted for a record 27.56 hours. Gupta said that the budget tabled on March 25 was discussed for 7.13 minutes by 36 members, including those from Opposition AAP. The only calling attention mo

Delhi Assembly to get 500 kVA solar capacity, save ₹15L per month: Speaker
Updated On : 03 Apr 2025 | 3:00 PM IST

We are building the complete solar supply chain: Indosol CMD Reddy

He said the company plans to build an ancillary supply chain, claiming to be the first in the country to do so

We are building the complete solar supply chain: Indosol CMD Reddy
Updated On : 26 Mar 2025 | 9:07 PM IST
Updated On : 25 Mar 2025 | 12:07 AM IST

BS Manthan: Can India emerge as a global leader in renewable energy?

Can India become a global renewable energy hub with major investments in solar, wind, and green hydrogen? Experts set to discuss the roadmap at BS Manthan 2025

BS Manthan: Can India emerge as a global leader in renewable energy?
Updated On : 26 Feb 2025 | 4:36 PM IST

Reliance Infra to enter RE manufacturing space with solar, battery plants

Reliance Infrastructure (RInfra) is entering into the renewable energy (RE) equipment manufacturing space to increase its business portfolio, industry sources said. The Reliance Group company has already appointed Ivan Saha as Chief Executive Officer (CEO), Renewable Manufacturing, and Mushtaque Hussain as Chief Executive Officer (CEO), Battery Manufacturing, they said. "RInfra is making strategic entry into the renewable energy manufacturing industry," sources said. The company would set up an integrated solar manufacturing unit with the objective to boost the production of solar panels and components in India, promoting self-sufficiency in clean energy. Solar manufacturing will be led by Saha, who comes with over 30 years of experience in semiconductors and solar technology and device design. He has served organisations like Vikram Solar and ReNew Power. Its integrated battery manufacturing unit will focus on developing advanced energy storage solutions for grid applications and

Reliance Infra to enter RE manufacturing space with solar, battery plants
Updated On : 18 Feb 2025 | 4:06 PM IST

Inside RSS' 12-storey HQ: Key features, facilities of Rs 150-cr Keshav Kunj

After functioning from the Udaseen Ashram in Jhandewalan for nearly eight years, the RSS has now returned to its original address with a modern, expansive facility

Inside RSS' 12-storey HQ: Key features, facilities of Rs 150-cr Keshav Kunj
Updated On : 13 Feb 2025 | 10:25 AM IST

Uttar Pradesh govt approves solar power projects worth Rs 10,000 crore

The UP New and Renewable Energy Development Agency (UPNEDA) has picked the two companies to develop three solar power projects, which are expected to become operational by December 2025

Uttar Pradesh govt approves solar power projects worth Rs 10,000 crore
Updated On : 17 Jan 2025 | 8:17 PM IST

Don't depend on freebies, produce own solar power, says Prahlad Joshi

Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power. Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday. "I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution. According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.

Don't depend on freebies, produce own solar power, says Prahlad Joshi
Updated On : 02 Jan 2025 | 7:25 PM IST

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal

As of October 2024, India's non-fossil base, including solar, wind, large-hydro and other renewables, surpassed 200 gigawatt (Gw)

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal
Updated On : 24 Dec 2024 | 7:00 PM IST

Solar power projects face higher costs after customs duty notification

Section 58 deals with licensing private bonded warehouses where imported goods belonging to the licensee may be deposited without payment of any Customs duties

Solar power projects face higher costs after customs duty notification
Updated On : 23 Dec 2024 | 12:13 AM IST

Bhilai Steel Plant to set up 200-Kw solar power plant at Maitri Bagh zoo

Elevated solar power is a solar panel installation method that involves mounting solar panels on a structure above the ground or roof

Bhilai Steel Plant to set up 200-Kw solar power plant at Maitri Bagh zoo
Updated On : 15 Dec 2024 | 9:21 PM IST