The Andhra Pradesh Electricity Regulatory Commission has adopted the Green Energy Open Access, Charges, and Banking Regulations, 2024. The regulations apply to granting open access for electricity generated from renewable energy sources for utilization within the state involving Intra-State Transmission Systems and/or distribution systems of licensed entities. In October, APERC issued the preliminary draft of the regulations and invited stakeholders’ opinions.

Independent power producer AMPIN Energy Transition has secured funding of up to $35 million from responsAbility, an investor focusing on private markets, to help AMPIN expand its clean energy projects across India. The investment is part of responsAbility’s $500 million plan to fight climate change in Asia and is the company’s biggest climate investment yet and will. This aligns with the responsAbility’s investor goal of funding solutions that benefit both society and the environment in developing countries.

Mahatma Phule Renewable Energy & Infrastructure Technology (MAHAPREIT) has invited bids to empanel agencies to verify land titles and measure land parcels spanning 10,000 acres to develop 2,500 MW solar power projects in Maharashtra. MAHAPREIT is involved in various projects, such as green hydrogen, bio CNG plants, and EV charging stations. Consequently, suitable land parcels will be necessary to execute these projects.

Kerala State Electronics Development Corporation has invited bids for a two-year comprehensive annual maintenance contract for a 1 MW solar power project at Ramakkalmedu, Idukki. The last date for submitting bids is May 14, 2024. Bids will be opened on May 16. Bidders must pay a tender document fee of ₹3,626 ($43) and an earnest money deposit of ₹24,170 ($289.46). The successful bidder is required to provide a performance bank guarantee equivalent to 5% of the contract amount.

Wind energy solutions provider Inox Wind reported a profit after tax of ₹376.7 million (~$4.51 million) for the fourth quarter of the financial year 2024 from a loss of ₹1.15 billion (~$13.77 million) in the same quarter of the previous year. The company’s quarterly income reached ₹5.63 billion (~$67.43 million), a 190% increase year-over-year (YoY). The company executed 129 MW of projects during the quarter, an increase of 148% YoY from 52 MW.

Sunnova Energy’s net loss for the quarter ending March 31, 2024, stood at $90.1 million, recording a year-over-year improvement of 18.3% compared to a net loss of $110.3 million. The decline in net loss was primarily due to income tax benefits from investment tax credit sales, augmented interest income resulting from a larger customer loan portfolio, and increased other operating income driven by fluctuations in the fair value of certain financial instruments and contingent consideration.

In a first for the sector, four China-based wind turbine original equipment manufacturers have made it to the global top five rankings, according to a recent analysis by Wood Mackenzie. China accounted for nearly 65% of the global wind generation capacity in 2023. China-headquartered wind turbine maker Goldwind assumed the leading position for the second consecutive year with a record capacity of 16.3 GW. According to the report, the top five OEMs accounted for 54% of the global wind markets.