Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹28.06 billion (~$336.29 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24, an increase of 4.89% year over year (YoY) from ₹26.75 (~$320.5 million). The...

State distribution companies (DISCOMs) owed power generators ₹652.16 billion (~$7.81 billion) in total dues for the monthly billing cycle in April 2024, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The dues...

Finland-based energy company Fortum said it is exiting the Indian solar power market after signing an agreement to sell its remaining 43.75% stake in a 185 MW solar portfolio to Gentari Renewables India, a subsidiary of Malaysia-based clean energy...

The Indian Energy Exchange (IEX) traded 402 million units (MU) of green energy in April 2024, a 44% year-over-year (YoY) increase from 280 MU. The Exchange, in total, traded 9,044 MU of power in the month, marking a 14% YoY increase. During April,...

Indian Oil Corporation (IOCL) has decided to form a wholly-owned subsidiary to undertake low-carbon, clean, and green energy businesses with an equity investment of ₹13.04 billion (~$15.63 million). IOCL has committed itself to installing 1 GW of...

SJVN has invited bids from developers to set up 1.2 GW interstate transmission system-connected solar power projects anywhere in India under tariff-based competitive bidding. The last day to submit the bids is June 17, 2024. Bids will be opened on...

Adani Green Energy (AGEL) has secured a $400 million green loan for its under-construction 750 MW solar power projects in Rajasthan and Gujarat from a consortium of five international banks. The consortium will provide financing for projects that...

The European Commission has awarded approximately €720 million (~$772 million) to seven green hydrogen projects across Europe through the first competitive auction under the European Hydrogen Bank initiative. The winning projects were selected from...