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A 15% Dip In BESS Costs Can Halt New Coal Power Growth: EMBER

A new modelling by the global think tank Ember and TERI highlights the crucial role of declining Battery Energy Storage System (BESS) project costs. This analysis underscores that faster BESS cost reductions will be a key driver for an effective coal phase-down in India’s power sector. The report lays out different possible stages of a […]

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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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J&K: 100 Tribal Villages to Achieve Self-Sufficiency with RE

In a bid to push renewable energy in the rural parts of Jammu and Kashmir, the state government has decided to provide 100% green energy to 100 tribal villages. The local administration recently held a meeting in this regard to identify these 100 tribal villages in the region. The initiative is a part of the […]

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CEA Expedites PSP Approvals, Sets To Develop Two New Projects

To ensure the rapid commissioning of Hydro Pumped Storage Projects (PSP), the Central Electricity Authority (CEA) has granted concurrence to two projects: the 600 MW Upper Indravati project in Odisha, developed by OHPC Ltd (a Government of Odisha Undertaking), and the 2000 MW Sharavathy project in Karnataka, developed by KPCL (a Government of Karnataka Undertaking). […]

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Servotech Q1 Results- Revenue Grows 41% To Rs. 11,244 Lacs

Servotech Power Systems Ltd., a manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power backup systems, has announced its financial performance for the quarter ended June 30, 2024 (Q1 Fy25) In its financial highlights, Servotech reported a strong YoY growth in consolidated total revenue by 41% in Q1 FY25, rising to Rs. 11,243.92 lacs […]

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Corporate India Lagging Behind In RE Adoption: Report

India’s leading companies are dragging their feet when it comes to meeting the country’s ambitious renewable energy and decarbonisation goals, according to analysis by think tank Climate Risk Horizons (CRH). The industrial sector accounts for more than half of India’s energy consumption, making corporate action essential to the government’s decarbonisation efforts. In a report titled […]

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MNRE Office Gets LEED’s 4.1 Platinum ‘Green Building’ Certification

The Akshay Urja Bhavan, hosting the office of the Ministry of New and Renewable Energy (MNRE) has now bagged the LEED 4.1 Platinum certification for ‘Green Buildings’. The building, unique in many senses, imbibes renewable energy and energy efficiency measures among others, paving the way towards sustainability. The certification was recently handed over to the […]

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What The Green Industries Said About Budget 2024?

Hours after Finance Minister Nirmala Sitharaman announced the Union Budget 2024, the industry leaders also reacted to the budget announcements. Many of them talked about the benefits and challenges of the industry in the light of the announcements. The minister, in her budget speech talked about imposing Customs Duty on solar glass imports and include […]

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Indian RE Sector Can Attract Rs 30L-crore Investment Between 2024-2030: Report

Power transmission in India is emerging as one of the largest unified electricity grids in the world, states the Economic Survey 2023-24. The Indian transmission system has expanded to 4,85,544 circuit kilometers of transmission lines and 12,51,080 mega volt amp (MVA) of transformation capacity, until 31 March 2024, stated the survey notes. The survey was […]

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