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IDEX(IEX) - 2026 Q1 - Earnings Call Presentation
2025-07-25 09:00
IEX Performance and Market Position - IEX's electricity volume in Q1 FY26 reached 32.4 Billion Units (BU), a 15% increase, while FY25 saw 121 BU, an 18.7% increase, and FY24 had 101.7 BU, a 12.3% increase[30] - Renewable Energy Certificates (RECs) traded on IEX in Q1 FY26 amounted to 53 Lakh, a 150% increase, and FY25 saw 178 Lakh, a 136% increase[30] - Collectives (DAM, RTM, G-DAM) constitute approximately 75% of IEX's total volumes[33] - Total Revenue for Q1 FY26 was ₹120.2 Cr, with EBITDA at ₹164.4 Cr and PAT at ₹117.1 Cr[70] - IEX is India's first carbon-neutral power exchange since FY22[73] Energy Sector Transition and Growth Drivers - India has achieved 50% share of non-fossil fuel in installed electricity generation capacity 5 years ahead of the 2030 target[17] - Thermal energy generates 72% of India's electricity, while renewables contribute 25%[14] - IEX expects significant volume growth based on business as usual, with further growth anticipated from additional levers[41] - By FY30, India's power demand is forecasted to reach approximately 2,300 BU[41] - The Ministry of Coal (MoC) aims to produce 1.3 billion tonnes of domestic coal by FY26 and 1.5 billion tonnes by FY30[58] Indian Gas Exchange (IGX) Performance - IGX has over 45 registered members and over 200 registered clients[78] - IGX yearly volumes in FY25 reached 60 Million MMBTU, while Q1 FY26 saw 24.6 Million MMBTU[81] - IGX anticipates its share in overall gas consumption to increase from the current 2% to 4-5% by 2030, reaching approximately 250 Million MMBTU, with a CAGR of approximately 36%[89]
DuPont Achieves 100% Renewable Electricity in EU Operations
ZACKS· 2025-05-28 14:06
Group 1: Sustainability Achievements - DuPont de Nemours, Inc. has achieved 100% grid electricity from renewable sources across its entire European Union operations, marking a significant milestone towards its goal of net-zero carbon emissions by 2050 [1][2] - The transition involved the installation of on-site solar panels and the purchase of Renewable Energy Certificates (RECs) at 13 manufacturing sites in the EU, emphasizing the company's commitment to environmental protection [2] Group 2: Financial Performance and Projections - For the second quarter, DuPont projects net sales of approximately $3.2 billion, operating EBITDA of around $815 million, and adjusted earnings per share of about $1.05, indicating a seasonal sequential increase in sales [6] - The company has maintained its full-year guidance for 2025, reflecting confidence in its operational performance [6] Group 3: Stock Performance - DuPont's stock has declined by 13.2% over the past year, which is a better performance compared to the industry's decline of 25.8% [5]
U.S. Growth Strategy: Boralex Signs Contracts for Two New York Solar Projects Totaling 450 MW
Globenewswire· 2025-05-21 19:20
Core Points - Boralex Inc. has signed a Renewable Energy Standard Agreement with NYSERDA to procure Tier-1 RECs from its Fort Covington Solar Project and Two Rivers Solar Project, totaling 450 MW [1][2] - The projects are part of NYSERDA's 2024 Renewable Energy Standard Competitive Solicitation, aimed at purchasing New York Tier-1 Eligible Renewable Energy Certificates [2] - The Fort Covington Solar Project will have a capacity of 250 MW, while the Two Rivers Solar Project will have a capacity of 200 MW [4] Project Details - The solar facilities will be located in Franklin and St. Lawrence Counties in upstate New York, with permit applications currently under review [3] - Construction of both projects is expected to begin in 2026, with commissioning anticipated in 2028 [3][5] - Once operational, the projects will provide enough energy to power approximately 105,000 homes [3] Economic Impact - The projects are expected to support approximately 300 to 400 construction jobs and create long-term operational roles [5] - Local officials have expressed optimism about the economic benefits, including increased tax revenues and job creation [3][5] - Boralex aims to contribute to New York's clean energy transition and support local communities through public-private partnerships [3]