power

thumbnail
Open Access Renewables Can Cut Data Centers’ Power Costs by 15-40%: Interview

Integrating renewable energy into the power mix is a no-brainer for data centers as it allows global companies to meet sustainability targets and offers 30-35% cost...

May 22, 2023

/

Sumit Jha

/

C&I

,

Markets & Policy

,

Solar
thumbnail
Solid Power’s Q1 Net Loss Widens to $19 Million on Higher R&D Expenses

Solid Power, which develops all-solid-state battery technology for electric vehicles (EV), said its net loss widened to $19.2 million in the first quarter (Q1) of 2023...

May 17, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
Scatec’s Q1 Revenue Rises 21% to $87 Million on Higher Power Production

Norwegian independent power producer Scatec’s total revenue rose 21% year-over-year (YoY) to NOK919 million (~$87 million) for the first quarter (Q1) of the financial...

May 10, 2023

/

Gourav Mishra

/

Markets & Policy

,

Solar
thumbnail
Tata Power’s Revenue from Rooftop Solar Business Doubles in Q4

Tata Power’s profit after tax (PAT) rose 48% year-on-year (YoY) to ₹9.39 billion (~$115 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23, mainly...

May 5, 2023

/

Gourav Mishra

/

Markets & Policy

,

Solar
thumbnail
PFC Loans ₹6.33 Billion to Gensol to Expand EV Deployment

Power Finance Corporation (PFC) has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and...

April 21, 2023

/

Gourav Mishra

/

Electric Vehicles

,

Finance and M&A
thumbnail
SJVN Awards ₹1.3 Billion BoS Package for 100 MW Solar Project to BVG India

SJVN’s subsidiary, SJVN Green Energy, has awarded Bharat Vikas Group India (BVG India) the contract to install balance of system (BoS) package for a 100 MW solar project...

April 19, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
CEA Proposes Guidelines for Utilities to Prepare Energy Demand Forecasts

The Central Electricity Authority (CEA) has released draft guidelines for utilities to prepare medium- and long-term forecasts to assess the power demand in the country....

April 13, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
Emeren Group Swings to $4.8 Million Profit in Q4 on European Projects

Utility-scale solar and battery storage projects developer Emeren Group (formerly Renesola Power) posted a net profit of $4.8 million for the fourth quarter (Q4) of the...

March 30, 2023

/

Gourav Mishra

/

Finance and M&A

,

Solar
thumbnail
Power Ministry Seeks Comments on Draft Consumers Rights Amendment

The Ministry of Power has invited comments from the stakeholders on the draft Electricity (Rights of Consumers) Amendment Rules, 2023. The proposed rules seek to bring...

March 29, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Japan Bank Loans ¥2.6 Billion to PFC for Emissions Reduction Projects

Power Finance Corporation (PFC) has inked a project loan agreement with the Japan Bank for International Corporation (JBIC) for a ¥2.6 billion (~$20.2 million) facility....

March 27, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
ACWA Power to Develop Solar and Energy Storage Projects in Uzbekistan

Saudi Arabia-based energy company ACWA Power has signed power purchase and investment agreements with  National Electric Grid of Uzbekistan, and the Ministry of...

March 24, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
Sterlite Bags ISTS Project to Evacuate 20 GW of Renewables in Rajasthan

Sterlite Power has bagged an interstate transmission system (ISTS) project for the evacuation of 20 GW of power from renewable energy zones in Rajasthan under Phase III,...

March 17, 2023

/

Gourav Mishra

/

Grid

,

T&D
thumbnail
India Launched Several Green Hydrogen Pilot Projects to Meet 2030 Target

India has initiated multiple green hydrogen pilot projects in its bid to achieve 8 million tons of green hydrogen capacity by 2030, the Union Minister of New and...

March 15, 2023

/

Satish Shetty

/

Other

,

Renewable Energy
thumbnail
Government Launches High Price Day-Ahead Market and Surplus Power Portal

The Union Government has launched a High Price Day-Ahead Market (HP-DAM) and surplus power portal (PUShP), aiming to ensure greater power availability during the peak...

March 10, 2023

/

Rakesh Ranjan

/

Grid

,

Market & Policy
thumbnail
Foreign Direct Investment in India’s Renewable Sector Dips 46% in Q3 FY 2023

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $251 million (~₹20.5 billion) in the third quarter (Q3) of the financial year (FY) 2023,...

March 6, 2023

/

Rakesh Ranjan

/

Markets & Policy

,

Other

,

Renewable Energy

1

2

3

...

21