Hero Group’s renewable energy arm, Hero Future Energies (HFE) is actively exploring opportunities in green hydrogen projects in India, according to a report of ETenergyworld. The group may soon make a an announcement in this regard in the coming months, HFE’ Global Chief Executive Officer Srivatsan Iyer told the website.
Day: February 13, 2024
Sterling and Wilson places orders with Nextracker for solar trackers
New Delhi: Sterling and Wilson Renewable Energy (SWRE) on Monday said it has placed orders with US-based Nextracker for supply of solar trackers for projects in Gujarat. SWRE is implementing solar projects at NTPC Renewable Energy Ltd’s (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said. “Nextracker has been selected for repeat […]
MNRE brings back ALMM for solar modules; to be in effect from 1 April 2024
New Delhi: The Ministry of New and Renewable Energy has reimposed the Approved List of Models & Manufacturers (ALMM) for solar modules with effect from 1 April, 2024. The earlier Order, dated 10 March 2023, stated that projects commissioned by 31 March 2024 will be exempted from the requirement of procuring solar modules from ALMM.
Expect good return opportunity from solar module: Dr Praveer Sinha, Tata Power
“Well, these losses are primarily because of the other aspects relating to depreciation and also in terms of Ind AS 115. So in terms of operating profit, Mundra has made operating profit in terms of EBITDA, it has made profit,” says Dr Praveer Sinha, CEO & MD, Tata Power. RK Singh over the weekend told […]
BPCL plans an oil trading desk in Singapore, Dubai
State-run Bharat Petroleum Corporation (BPCL) is planning to open a trading desk in Singapore or Dubai to expand its global reach, sourcing, and trade in crude oil as well as finished products, according to industry officials aware of the development. BPCL will set up the desk this year, sources added.
Capex on developing oilfields to drop below $3.5 billion in 2030
New Delhi: India’s annual capital spending on developing oilfields will fall from next year, shrinking by about a fifth by 2030 in the absence of major discoveries, which will lead to a drop in domestic oil production and expand dependence on imports, according to the International Energy Agency (IEA). Capital expenditure on developing oil projects […]