Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee

Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of Power and New & Renewable Energy R. K. Singh has referred the Electricity (Amendment) ...
/ / Other, Renewable Energy
Ohmium and Spirare Partner to Produce Green Hydrogen at NTPC's Green Campus

Ohmium and Spirare Partner to Produce Green Hydrogen at NTPC’s Green Campus

Green hydrogen company Ohmium International, which designs, manufactures, and deploys Proton Exchange Membrane (PEM) electrolyzers, is collaborating with Spirare Energy, a provider of on-site energy generation systems, to generate green ...
Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23

Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23

Amara Raja Batteries recorded an income of ₹26.21 billion (~$329.14 million) in the first quarter (Q1) of the financial year (FY) 2023, a 20% quarter-over-quarter (QoQ) increase from the ₹21.81 ...
/ / Other, Renewable Energy
Solar Adoption Has Helped Southern Railway Save ₹20 Million Annually in Power Bills

Solar Adoption Has Helped Southern Railway Save ₹20 Million Annually in Power Bills

Southern Railway is saving ₹20 million (~$251,388) annually on its power bills by opting for solar energy. The South Zone of Indian Railways installed 192 kW of solar systems during ...
/ / Other, Renewable Energy
Sembcorp Profit from Renewables Increases by 217% in 1H 2022

Sembcorp Profit from Renewables Increases by 217% in 1H 2022

Singapore-based renewable energy company Sembcorp Industries recorded a net profit of S$490 million (~$356 million) in the first half (1H) of 2022, an increase of 94% compared to S$46 (~$33 million) ...
/ / Other, Renewable Energy
Daily News Wrap-Up: NTPC Commissions 48.8 MW Solar Project in Rajasthan

Daily News Wrap-Up: NTPC Commissions 48.8 MW Solar Project in Rajasthan

Here are some noteworthy cleantech announcements of the day from around the world: NTPC announced the commissioning of the fifth and final part capacity of 48.8 MW out of the ...
/ / Other, Renewable Energy
DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat

DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat

Diversified business group DCM Shriram Limited has signed two captive power agreements with ReNew Power for the supply of 50 MW of renewable energy from the latter’s two upcoming projects ...
/ / Other, Renewable Energy
Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022

Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022

Chinese photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation posted revenue of $1.24 billion in the second quarter (Q2), a year-over-year (YoY) rise of 182% from $441.4 million in Q2 2021 ...
/ / Other, Renewable Energy
India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

The Union Cabinet has approved the Nationally Determined Contribution (NDC) as part of the global response toward climate change goals as agreed under the Paris Agreement. The NDC will be ...
/ / Other, Renewable Energy
Daily News Wrap-Up Intel to Raise $1.25 Billion Through Green Bonds

Daily News Wrap-Up: Intel to Raise $1.25 Billion Through Green Bonds

Here are some noteworthy cleantech announcements of the day from around the world: Intel announced the pricing of its inaugural green bond issuance totaling $1.25 billion. The net proceeds of ...
/ / Other, Renewable Energy
Bill to Enable a Market to Trade Carbon Credits Introduced in the Lok Sabha

Bill to Enable a Market to Trade Carbon Credits Introduced in the Lok Sabha

Power Minister R.K. Singh introduced a Bill to amend the Energy Conservation Act in the Lok Sabha to enable a carbon credit trading market in India. The Bill also makes ...
Solar Park Development Sluggish Says Standing Committee on Energy (1)

Solar Park Development Sluggish, Says Standing Committee on Energy

The Parliamentary Standing Committee on Energy has expressed disappointment at the slow progress of solar park development in the country and the shortfall in meeting the target set for solar ...
Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

U.S-based clean energy company Clearway Energy Group (CEG) recorded a net income of $83 million from its renewable segment in the second quarter (Q2), a year-over-year (YoY) rise of 207% ...
/ / Other, Renewable Energy
Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹13.28 billion (~$168.72 million) from the sale of energy in the first quarter (Q1) of the financial year (FY) ...
/ / Other, Renewable Energy
Daily News Wrap-Up Central Finance Assistance for Solar Pumps up to 15 HP Capacity Approved

Daily News Wrap-Up: Central Finance Assistance for Solar Pumps up to 15 HP Capacity Approved

Here are some noteworthy cleantech announcements of the day from around the world: Minister of State of New & Renewable Energy Bhagwanth Khuba stated that the Finance Ministry had approved ...
/ / Other, Renewable Energy
Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022 (1)

Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022

Norwegian independent power producer Scatec recorded second-quarter (Q2) revenue of NOK1,130 million (~$114 million), a year-over-year (YoY) increase of 12% from NOK1,007 million (~$102 million). The company said that the ...
/ / Other, Renewable Energy
Tata Power Commissions a 225 MW Wind-Solar Hybrid Project in Rajasthan

Tata Power Commissions a 225 MW Wind-Solar Hybrid Project in Rajasthan

Tata Power Green Energy, a wholly-owned subsidiary of Tata Power, has commissioned a 225 MW solar-wind hybrid power project in Rajasthan. The 225 MW of power generated from the project ...
NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC recorded a total income of ₹436 billion (~$5.54 billion) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 4.34% from ₹304 billion ...
/ / Other, Renewable Energy
Month in a Minute Top Headlines from Indian Renewable Sector in July 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in July 2022

Here is a recap of some of the most important headlines from July 2022: India’s installed renewable energy capacity, including large hydro projects, stood at 159.81 GW, accounting for a ...
/ / Other, Renewable Energy
Daily News Wrap-Up Iberdrola and bp to Invest €1 Billion to Accelerate EV Charging

Daily News Wrap-Up: Iberdrola and bp to Invest €1 Billion to Accelerate EV Charging

Here are some noteworthy cleantech announcements of the day from around the world: Iberdrola and bp will jointly invest up to €1 billion (~$1.02 billion) to deploy 11,000 fast charge ...
/ / Other, Renewable Energy
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio

Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio

U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
/ / Finance and M&A, Other
First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

U.S.-based solar modules manufacturer First Solar has recorded a net income of $55.8 million in the second quarter (Q2) of 2022, representing a quarter-over-quarter (QoQ)  increase of 99% compared to ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Deadline for BIS Certification of Solar Inverters Extended

Daily News Wrap-Up: Deadline for BIS Certification of Solar Inverters Extended

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has extended the self-certification of solar photovoltaic (PV) inverters ...
/ / Other, Renewable Energy
Torrent Power Acquires 50 MW Wind Project from Inox Green

Torrent Power Acquires 50 MW Wind Project from Inox Green

Gujarat-based power company Torrent Power has acquired a 100% stake in Wind Two Renergy from lnox Green Energy Services. The estimated acquisition cost is ₹325.1 million (~$4.09 million), representing 100% ...
/ / Finance and M&A, Other