Home » Daily Newsletter » ALMM, RLMM Exemption for Green Hydrogen Announced
In an announcement that was widely speculated about, the Ministry of New and Renewable Energy has issued an office memorandum dated May 27, that exempts solar plants , and wind energy from ALMM( Approved list of models and manufacturers) and RLMM ( Revised list of...
Madhav Infra Projects (MIPL) has secured a contract to develop a 15 MW floating solar power plant in Chhattisgarh. NTPC-SAIL Power Company (NSPCL), a joint venture of NTPC and SAIL, has sent a letter of acceptance to Madhav Infra Projects (MIPL), an engineering, procurement, and...
The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar...
In the last one day two renewable energy companies made its presence felt in the stock market. Indian solar module manufacturer Waaree Renewable Technology and country's wind turbine maker Suzlon witnessed the highest surge in their stock prices. While Waaree reported a surge of 5%...
Denmark-based Copenhagen Infrastructure Partners (CIP) and GE Vernova's onshore wind division signed an agreement of more than EUR 700 million. This agreement was undertaken to deliver, install, and commission 125 GE Vernova 6.1-158 wind turbines at the Teruel wind project. This wind project was promoted by...
Indian wind energy company Suzlon Group today announced a new order win for the development of 551.25 MW wind power project for the Aditya Birla Group, a Global Indian Conglomerate. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower...
The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53...
INOXGFL Group, one of India’s leading conglomerates today announced the successful conclusion of equity share sale of Inox Wind Limited by its promoter Inox Wind Energy Limited, raising around Rs. 900 crores. The transaction was executed via block deals on the stock exchanges and witnessed...
The Institute for Energy Economic and Financial Analysis (IEEFA) in its recent report found that new and cleaner options could soon replace the role of gas-based power in meeting peak electricity demand in India. India’s peak power demand, which, according to government forecasts, is likely...
RWE has made the investment decision for its Nordseecluster, involving offshore wind projects with a total capacity of 1.6 gigawatts (GW). The wind farms will be built in the North Sea, about 50 kilometres north of the island of Juist. Suppliers of the main components...
Chennai-based wind energy company Indo Wind recently released its quarterly result report. Indowind Energy has wind farms, manages wind assets, and generates green power for sale to utilities and corporations. In its March quarter, Indo Wind reported a profit of Rs 61.50 lakh. whereas, last...
Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the...
Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after...
Gensol Engineering today released its financial results for Q4 and also for the financial year. The renewable energy company has now reported a 310 percent increase in its net profit in Q4 on a Year-on-Year (basis). The filings of the firm before the BSE said...
German-based company, Volkswagen board of management of the Volkswagen Group decided to make all-electric entry-level mobility more widespread. Volkswagen Group brings electric cars for EUR 20,000 and its world premiere is planned for 2027. Oliver Blume, CEO of Volkswagen Group said: "Generations of people associate...
According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030. The report highlighted that 2023 followed the trend observed...
China is planning to spend $830 million on all-solid-state battery R&D, reveals a report by Chinese Daily. Six companies, including CATL, BYD, China FAW Group, SAIC Motor Corp, Beijing WeLion New Energy Technology, and Geely Auto Group, will likely receive basic R&D support from the...
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