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NTPC Ltd Reports 13 Percent Rise In PAT In H1 of FY24

NTPC Limited in its latest financial results declared a 13 percent increase in its Profit After Tax (PAT) during the first half (H1) of FY24 on a standalone basis. The central Public Sector Utility (PSU) said that its PAT for H1 FY24 was Rs 7,951 crore as against Rs 7,048 crore in H1 FY23. Meanwhile […]

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Residential Costs Stayed Flat from 2020 to 2022 & then Declined in 2023: NREL

The National Renewable Energy Laboratory (NREL) has released its annual report on ‘U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks.’ The report tracks the solar cost trends to support the U.S. Department of Energy Solar Energy Technologies Office. It aims to accelerate the advancement and deployment of solar technology and gives an account of […]

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Bids For Standalone Wind In Tranche XIV In June 2023 Awarded Between INR 3.18-3.24 Per kWh: GWEC

The India’s Wind Energy Market Outlook 2023-2027 released by the Global Wind Energy Council, says that by the end of 2022, total renewable energy installed in India stood at 121 GW of total installations with wind contributing 35% of this, making India the fourth-largest wind market in the world, in terms of cumulative installed capacity. […]

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SOFAR Serves Up PV & ESS Solutions at All Energy 2023 In Australia

SOFAR, a leading provider of all-scenario PV & ESS solutions, presented its latest solar and storage solutions with PowerMagic leading the show at the All Energy exhibition in Australia , solidifying its presence in the Australian solar market. Australia is seeing rapid growth on commercial energy storage installations as business owners strive to make the […]

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IndiGrid Scores Maiden Win for 20 MW/ 40 MWh Battery Energy Storage System Project  

IndiGrid (BSE: 540565 | NSE: INDIGRID), India’s first power sector InvIT, has received the Letter of Intent (LOI) / Letter of Award (LOA) from BSES Rajdhani Power Limited (BRPL) to look into the design, supply, testing, installation, commissioning, operation and maintenance of 20 MW/40 MWh BESS in Delhi. The project is envisaged on build, own, […]

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SOFAR Eyes UK Market with Introduction of Residential, C&I Storage Solutions

SOFAR, a global provider of all-scenario PV & ESS solutions, displayed it flagship product portfolio with a focus on residential and C&I storage solution at Solar & Storage Live, the United Kingdom’s most prominent renewable energy fair. Energy storage market is estimated to be scaled in many European countries, considering that it provides system flexibility […]

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Offshore Wind Could Generate 8% Of USA’s Electricity By 2050: NREL

The NREL has released a report on, “Expanded Modelling Scenarios”. which helps to understand the role of offshore wind in decarbonizing the United States. The report estimates that 20% of regional power needs could be served alongside the Atlantic coast to support offshore wind farms by 2050.  NREL is the U.S. Department of Energy’s primary […]

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UK’s Dogger Bank Offshore Farm Delivers First Power To Grid

Dogger Bank, set to be the world’s largest offshore wind farm, is now connected to Britain’s national grid and has started exporting electricity for the first time to British homes and businesses. This is a major milestone in the development of the industry and the transition to a cleaner, more secure energy system. The 3.6 […]

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1000 EV Charging Stations in the Works from Servotech & EMCOR

Servotech Power Systems Ltd., a manufacturer of EV chargers in India, and EMCOR Power Solutions, a firm that provides EV charging CPO solutions and advanced battery, have joined hands by way of an MoU. Under the terms of the agreement, EMCOR Power Solutions will provide Servotech Power Systems with 1000 CPO (Charge Point Operator) sites […]

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