Amara Raja Batteries’ fourth quarter (January-March) net profit rose 12% year-on-year to Rs 41.1 crore on strong sales. It, however, hinted at possible slowdown in the sector going ahead due to macro-economic headwinds and pressure on volumes from the telecom and automotive industry.
Techno Electric and Engineering Co plans to increase its focus on renewable energy projects and expects 30% of its revenues coming from that segment by 2015.
Google Inc has not given up on its goal of making renewable energy cheaper than coal for consumers but it is not predicting victory soon, its director of green business operations said.
Lights started going off around the world on Saturday in a show of support for renewable energy, given added poignancy by Japan's nuclear disaster which raises doubts about nuclear power as a possible solution.
Bharat Heavy Electricals Ltd (BHEL) would soon commence production of renewable energy generating equipments.
India's largest power exchange is hoping to ramp up volumes in the trade of renewable energy credits from April 2012, its chief said, seeking to tap a market estimated to be worth USD 8 billion by 2017.
For oil colossus Saudi Arabia, a shift to renewable energy is as much about preserving its international influence and maximising its revenues as saving the planet.