Solar Power Plants

KPI Energy soars 5% on procuring 20 orders for solar power projects

KPI Green Energy, a member of the KP Group, specialises in the development, construction, ownership, management, and maintenance of renewable power facilities

Gensol Engineering Ltd Q4 results: Net profit jumps three-fold to 20 cr

Gensol Engineering Ltd on Tuesday reported a nearly three-fold jump in its consolidated net profit to Rs 20 crore during the March 2024 quarter, on account of higher revenue. It had posted a profit after tax (PAT) of Rs 7 crore in the year-ago period, the company said in a regulatory filing. The company's total revenue also rose to Rs 412 crore in the January-March period as against Rs 167 crore a year ago. As of March 2024, the company said it had an order book of Rs 1,783 crore, of which Rs 1,448 crore worth of orders are from the solar segment. "We continue to take strategic bets like Scorpius Trackers's acquisition, Middle East entry, BESS (battery energy storage system) and we continue to expand into segments such as EV leasing and EV manufacturing," Anmol Singh Jaggi, Managing Director of Gensol Engineering, said. The company is a part of the Gensol group of companies which offers EPC services for the development of solar power plants.

PM to lay foundation stone of NLC's 300 MW solar plant in Rajasthan today

Prime Minister Narendra Modi will virtually lay the foundation stone for the 300 MW solar power plant in Rajasthan today, an official statement from the Ministry of Coal said.The project is being set up with an investment of over Rs 1,756 crore to ensure affordable power supply to government entities.NLC India Limited, a leading Navratna CPSE under the Ministry of Coal, is establishing the power project in Barsingsar, in Rajasthan's Bikaner district, as part of the Ministry of New & Renewable Energy's CPSE Scheme.The project is equipped with cutting-edge technology, including high-efficiency bifacial modules manufactured in India.The solar project aligns with the Atma Nirbhar Bharat initiative led by Prime Minister Modi.The electricity generated will be transmitted through the pre-existing power transmission lines of Barsingsar Thermal Power Station, aiming to produce around 750 million units of green power annually, offsetting carbon dioxide emissions by approximately 18,000 ...

L&T's construction arm bags order to set up solar power plant in Dubai

Larsen and Toubro (L&T) on Tuesday said it has bagged a project to set up a solar power plant in Dubai. The order has been bagged by the renewable engineering, procurement, and construction (EPC) arm of L&T's power transmission and distribution business. The project involves setting up a "solar photovoltaic plant in Dubai, the United Arab Emirates," the company said in a filing to BSE. "We are committed to bringing in our innovative renewable energy solutions and project management expertise to speed up energy transition in the region which is pursuing economic development combined with sustainable practices," T Madhava Das, Whole-Time Director and Senior Executive Vice President (Utilities), L&T said. L&T is a USD 23 billion Indian multinational engaged in EPC projects, hi-tech manufacturing and services.

Israel to install solar energy facilities on highways for first time

The project includes the construction of solar facilities for the production of green electricity in a total area of approximately 250 acres

SJVN Green collaborates with Ocean Sun for new tech in green, clean energy

State-owned SJVN Ltd on Friday said its green energy arm has inked an initial pact with Norwegian firm Ocean Sun for a membrane-based floating solar pilot project in India. "Under the aegis of India-Norway Task Force for Energy, SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN Limited today inked an MoU with Ocean Sun, Norway for collaboration in the field of new technologies in green and clean energy sector," a BSE filing said. As per the MoU, SGEL shall develop and finance a pilot membrane-based floating solar project (about 2 MW) at a suitable location in India. For this project, patented technological support shall be provided by Ocean Sun. This MoU shall pave way for technology transfer and cooperation amongst the two countries, it added. Once this pilot project succeeds, the two companies can look forward for expanding this technology on a large scale along the vast coast line in the southern part of India. SJVN has aligned its shared vision with that of the

India, Sri Lanka to jointly build solar power plant in island nation

India and Sri Lanka have agreed to jointly build in two stages a 135-megawatt solar power plant in the island nation's eastern port district of Trincomalee to promote renewable energy. Sri Lankan Cabinet has given approval for the project as the country aims to generate 70 per cent of its electricity requirement by 2030 from renewable energy sources. "The National Thermal Power Corporation of India and the Ceylon Electricity Board have entered into an agreement to jointly implement a solar power project in two stages," said a note from the Cabinet meeting held this week. "As the first stage of this project, it is expected to implement a solar power project of 50 megawatts with a total estimated investment of USD 42.5 million and to construct a 220 kilowatts transmission line with 40-km length from Sampoor to Kappalthure spending USD 23.6 million, it said. It is expected to complete this stage in two years from 2024 to 2025," it said. A solar power generation plant with an additiona

Indore plans nation's first retail municipal bond for solar power project

Indore Municipal Corp. seeks to raise as much as 2.6 billion rupees ($31.8 million) via a 10-year bond sale next month

Gujarat tops in rooftop solar with 84% of country's installations

Overall, only a third of India's residential rooftop solar capacity has been installed

Gujarat's Modhera village basks in the sun, awaits solar power benefits

Residents of India's first solar-powered village hope for reduced bills, iconic Sun Temple gets light show boost

Volvo Car India sets up solar power panels at Haryana, UP health centres

Volvo Car India on Tuesday said it has set up solar power panels at community and primary health centres in Haryana and Uttar Pradesh

TN plans 20,000 MW solar plants at a cost of Rs 70K crore by 2030

Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to install solar power plants of 20,000 MW capacity at an cost of Rs 70,000 crore by 2030.

Anupam Rasayan to invest Rs 43 cr to set up a 12.5 MW solar power plant

Speciality chemical company Anupam Rasayan India on Tuesday said it will invest Rs 43 crore to set up a 12.5 megawatt (MW) solar power plant

Shadow over solar power

Punitive tariffs on components will cripple a growing sector

At Rs 3.13 a unit, Delhi's Lady Irwin College will generate 80% own power

Set up by Oakridge, the plant save up to Rs 3.81 crore in bills over the life of the project

Japan's NTT to invest $2 bn in India to set up data centres over next 4 yrs

It will be building new campuses in neighbouring Navi Mumbai, Chennai and Noida, and also augmenting capacities at its existing facilities in the financial capital and Bengaluru

Southern Railway to set up 105 MWp solar plants on unused and vacant land

Zone proposes to provide rooftop solar plants of 2.69 MWp under developer mode by Solar power developers at Perambur and Golden Rock workshops

BHEL commissions Solar PV Plant in Madhya Pradesh for Indian Railways

State-run engineering firm BHEL on Thursday said it has successfully commissioned a 1.7 MW solar photovoltaic (PV) plant at Bina in Madhya Pradesh for the Indian Railways

Solar funding sees a 25% drop but oil and gas firms among top acquirers

Oil and gas majors were the major acquirers of solar assets in 1H 2020 accounting for 45 per cent or about 6.5 GW of acquisitions during the period

Govt considering basic customs duty of 20% on solar energy equipment

At present, 15 per cent SGD is applicable on solar cells. This would be zero or nil from July 30, 2020