India

Green Stocks June 13: Stock Prices Of RE Firms Continue To Slip

Most of the green stocks today witnessed a slip in their stock prices. This could be primarily attributed to the discouraging market trends, with a plunge in the key market indices. Most of the renewable energy stocks on the main board today suffered a jolt, with a very few exceptions. Only two companies-ACME Solar and […]

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Torrent Wins 300 MW SECI Wind Project At Rs. 3.97/Unit

Torrent Green Energy Private, a subsidiary of Torrent Power has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for setting up of 300 MW Wind power project under Wind Tranche-XVIII. Torrent Green Energy secured the project from SECI at a tariff of ₹ 3.97/unit. This project is to be […]

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Maharashtra: Crompton Bags Rs 101cr Solar Pump Order

Crompton Greaves Consumer Electricals, a solar pump provider has secured its largest-ever order in the solar water pump segment. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) valued at over ₹ 101 crore (exclusive of GST). The company would undertake the designing, manufacturing, supplying, and transportation, along […]

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ACME’s 1st Wind Project Gets Bigger With 19.8 MW Capacity Addition

Indian renewable energy developer ACME Solar Holdings has announced adding 19.8 MW of additional wind energy capacity in its first wind energy project in Gujarat. The Gurugram-based company had initially commissioned 26.4 MW of wind capacity in this project. With the inclusion of the newly commissioned project, the cumulative capacity of the project has reached […]

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Sembcorp Wins First RTC Power Project in India

Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited (SGIPL), has secured its first round-the-clock (RTC) renewable power project in India. The company has been awarded a 50 MW project by Solar Energy Corporation of India Ltd (SECI) under a 1.2 GW tender for RTC power from Inter-State Transmission System (ISTS)-connected renewable […]

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Green Stocks June 12: Shakti Pumps Stock Price Up Post LoA Win

On a day when most of the renewable energy stocks suffered losses, two green stocks reported an increase in their stock prices. These included solar pump manufacturer Shakti Pumps and renewable EPC firm-Sterling & Wilson. The highest gain was reported by Shakti Pumps, which reported a 2.92 percent increase in its stock price. This was […]

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MoP Draft Broadens Roles for Grid and Standalone Energy Storage

The Ministry of Power (MoP) has proposed a draft amendment to Rule 18 of the Electricity Rules, 2005, aimed at providing legal clarity for Energy Storage Systems (ESS) by expanding the regulatory status and allowing consumers to become legitimate owners. As per the draft, “The Energy Storage System shall be utilized either as an independent […]

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Maharashtra: Shakti Pumps Gets LoA For 4500 Solar Pumps

Shakti Pumps has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA). The latest order is for the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra, the company said in a regulatory filing. The Indore-based solar pump manufacturer secured the order under […]

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Rewa Solar Project: Waaree’s Parent Firm to Develop MP Project

Mumbai-based Waaree Energies has taken over the development of a 170 MW solar power project from Rewa Ultra Mega Solar Limited (RUMSL) in Madhya Pradesh, the company said in a regulatory filing. It clarified that the project would not be developed by its subsidiary as announced earlier. The latest announcement was in continuation of its […]

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