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solar capacity

India May Add 30 GW Of Renewable Capacities In 2024-25

India seems to be racing towards achieving a record-breaking renewable capacity addition number in 2024-25. The rise in pace of solar and wind energy installations in the first seven months of calendar year 2024 indicates every probability of record capacity additions. This will follow a strong show in 2023, when 18.5 GW of renewable energy […]

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India’s RE Storage On Course For 6 GW By Fiscal 2028: CRISIL

CRISIL Ratings estimates that India’s renewable energy (RE) storage capacity could surge to 6 GW by fiscal 2028, up from less than 1 GW operational as of March 2024. It attributes this prospective growth to the increase in the pipeline of projects under implementation and an expected healthy pace of auctions. It also noted that […]

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Change In FDRE Bidding Norms Can Aid RE Growth: EMBER

EMBER recently released a policy paper highlighting the importance of changing the approach to bidding in the FDRE tenders to increase renewable energy (RE) capacity growth in India. It also stated that it’s unfair to make developers responsible for handling the unpredictable nature of renewable energy in contracts and that this should be rethought. EMBER […]

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226 GW Of Module Shipments By Chinese Majors In H1 Of 2024

Taiwan based consulting and research firm Infolink has released its ranking report for H1 of 2024. According to Infolink, the top 10 Chinese module manufacturers shipped around 226 GW of modules in the first half of this year, up 40% YoY. However, the annual growth rate has begun to narrow and the rapid growth momentum […]

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Gensol Q1 Results- Revenues Up 105% at ₹297crores, Order Book At ₹5,025 Crore

Gensol Engineering Limited, a prominent player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions (BluSmart), today announced its consolidated and standalone financial results for the quarter ended June 30th, 2024 (Q1 FY25). Q1 FY25 Highlights: Total Revenue was ₹297 Crore for Q1 FY25 compared to ₹145 Crore in Q1 […]

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Avaada Signs MoU To Develop 2750 MW Of PSPs In Maharashtra

Indian renewable project developer Avaada Group has now announced signing of a Memorandum of Understanding (MoU) with the Maharashtra government for the development of two Pumped Storage Projects (PSPs) with a combined capacity of 2,750 MW. This comes at a time when several leading companies in India like Adani Green, Greenko and others are showing […]

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Envision bags 116 MW Wind Turbine Deal From Blueleaf Energy

  Envision Wind Power Technologies India Private Limited has announced a major milestone by securing a 116 MW turbine supply agreement with Blueleaf Energy. This agreement involves the supply of 35 EN-156 3.3 MW turbines for a co-located wind-solar hybrid power project in Madhya Pradesh, set to commence construction in 2024 and complete by 2025. […]

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Growatt Launches 320kW-350kW Utility String Inverters

Global energy solutions company Growatt has now launched its new utility string inverters ranging from 320kW to 350kW.  The company said that the development of the ‘MAX 320~350KTL3-X’ by Growatt’s R&D team represents a breakthrough product poised to transform the global solar market. “This economically feasible solution is particularly advantageous for large-scale solar projects because […]

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