Daily News Wrap up: Q1 Results: Waaree Renewable Reports 85% Rise In Revenues On YoY

RENEWABLE ENERGY NEWS

Q1 Results: Waaree Renewable Reports 85% Rise In Revenues On YoY

Waaree Renewable today published its financial results for the first quarter (Q1) of Financial Year 2024-25. The details furnished by the Indian renewable energy company revealed that the company registered a 84 percent growth in its total revenues on a Year-on-Year (YoY) basis. On the...Read more .

NTPC Achieves 76 GW Capacity, Adds 4 GW In FY24

NTPC, at its annual investor's meeting, announced it has attained a 76 GW installed capacity by June end, of 2024. The company added 4 GW of capacity in FY24, with 21 GW currently under construction and 26 GW under planning. The latest addition was the...Read more .

Green Stocks July 31: Solar EPC’s Carry The Weight Of High Expectations And Valuations

As feared, small-cap EPC developer Waaree Renewable Technologies was down at the lower circuit today, down 5%, despite a strong set of numbers. Skittish investors are unwilling to take a risk with highly valued firms unless their results are truly extraordinary. Adani Green continued its...Read more .

Sunsure Energy Commences Solar Power Supply To APL Apollo in Uttar Pradesh

Sunsure Energy, the C&I focused renewable power producers? has announced the commencement of solar power supply to Apollo Pipes Limited and Apollo Metalex Pvt. Ltd., part of the APL Apollo Group, India’s largest producer of Structural Steel Tubes and Pipes. Sunsure will be supplying...Read more .

Spain Moves To Build Solar Supply Chain, Energy Storage Manufacturing

Spain, one of the most well placed countries in Europe for Solar power, crossed the 25 GW mark for installed solar capacity in 2023. Now, the Spanish government is moving to ensure a significant part of future additions come from domestically produced panels, besides the...Read more .

South America Could Become Next Frontier For Offshore Wind

South America, for long the forgotten continent in solar and wind energy until the early 2020s, is playing catch up finally. Even as large solar projects have been the preserve of Brazil and Chile until now, when it comes to wind, it is offshore wind...Read more .

UK Raises RE Auction Funds, Offshore Wind Gets Largest Gain

The United Kingdon (UK) government recently allocated a budget of over 1.5 billion pounds to deliver homegrown clean energy projects and boost the UK's energy security Energy Secretary unveils this large budget to deliver new homegrown clean energy projects in the UK. The budget seeks...Read more .

Korean Varsity Finds Way To Increase Efficiency Of Perovskite Solar Cells

Tin halide perovskites (Sn-HPs) are promising materials for next-generation solar cell technology. However, they still face issues related to stability and conversion efficiency, requiring addressal. Recently, researchers from Korea revealed that using a special additive namely "4-phenylthiosemicarbazide "can significantly enhance the performance and durability of...Read more .

Q2 Results: First Solar Sees 24.6% Rise In Sales

US solar module manufacturer, First Solar, recently released the latest financial results for the second quarter ending June 30, 2024, in which the company made a net sales of $1.0 billion. In this quarter, the company saw an increase in sales by $0.2 billion from...Read more .

News Briefs July 31- Chinese Manufacturers Make Global Moves

From Jinko in Spain to Drinda in Oman, or Power China in the UAE, it's been a week when China's many solar manufacturers have made big moves globally to align themselves to emerging opportunities and challenges. Earlier last week, Saudi Arabia's PIF? fund had also...Read more .

Amazon Uses AI To Expedite Installations At Its Solar Farm

Amazon-owned solar farm is utilizing robots called Maximo to help build the farm, aiming to reduce solar installation timelines with the support of new Amazon Web Services (AWS) technology. Invented and owned by the energy company and developer AES, Maximo can cut solar installation timelines...Read more .

EV's & Storage News

KERC Brings New Norms For EV Charging Stations For Buildings

The Karnataka Electricity Regulatory Commission (KERC) in its latest suo motto order has issued new guidelines for the establishment of Electric Vehicle (EV) Charging Stations for commercial/residential buildings in urban areas of the state. The state power regulator said that the move was taken to...Read more .

Global Investments In Battery To Decline In 2024: Rystad Report

Following four consecutive years of significant growth, this year is set to see a sizeable decline in global battery investments for the first time since 2020, according to Rystad Energy research. The researchers attributed this trend owing to a slump in battery infrastructure investments in...Read more .

2024 Q1 Result: Battery Maker Exide Sales Rose 6%, Profit Grows 16%

Leading battery maker Exide Industries has reported a 6% increase in sales and a 16% rise in profit before tax for the first quarter of the financial year 2024-25.? Exide's revenue from operations grew by 5.9% in Q1 2025, driven by volume increases across business..Read more .