Home » Daily Newsletter » Boost to SMEs, Easy Imports, Cheaper Financing: Solar Expectations from Budget ’23
Budget 2022 made major announcements. Primary among them was the earmarking of Rs 19,500 crore for production linked incentives towards the manufacturing of high efficiency solar photo voltaic modules. While this has been a source of hope for the industry, a major mood dampener has...
Shares of the Adani Group have been ambushed over the past week, dropping upto 40% in some cases. The report on the group by US based short seller Hindenberg research, a firm specialising in short selling shares with detailed public reports on their thesis, has...
The Indian Solar EPC market looked good in the year gone-by as several EPC projects, both government and private, took off in 2022. Interestingly, even as large EPC firms with a global footprint like Sterling and Wilson Renewable Energy struggled with projects where they were...
Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), a wholly-owned subsidiary of the Maharashtra State Electricity Board has issued a Request for Selection (RfS) towards the procurement of 350 MW (AC) solar power from projects that are to be set up in Maharashtra. The competitive bidding...
In a key development that further strengthens its presence in the state, Rays Power Infra has announced that it has signed an agreement with the state government of Rajasthan for the construction of a 1,800 MW solar park in the state. The estimated worth of...
Last year, as turbine manufacturers in the US and Europe announced job cuts, the cuts were blamed on the increasing cost of raw materials (like microchips) and inflation putting pressure on bottomlines. GE Renewables and Siemens Gamesa were the headline grabbers, hoping they had seen...
The Public Health Engineering Department has issued a tender for the solarization of grid connected pumping installation at Rangibasan PWSS in Purba Medinipore district under JJM programme under Midnapore mechanical division, PHE DTE. The bid submission date was 30.01.2023. The bid submission end date is...
Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to...
Clean energy conglomerate GE Renewable Energy has said that it has submitted a plan to construct two new manufacturing facilities in New York if the company wins a sufficient volume of orders from customers in the State’s ongoing solicitation for up to 4.6 GW of...
One of the United Kingdom’s key pension managers - Railpen - has announced that that it has acquired a Cambridgeshire solar project from BayWa r.e. that has furthered its renewable energy expansion. Global renewable energy firm BayWa r.e. previously owned the Bracks solar farm which...
Sunlit Power has announced that it has partnered with Lucas TVS and under the terms of the collaboration, it will supply 50,000 electric vehicle motors and controllers manufactured by the TVS Group firm to many industries. Sunlit Power is a storage battery manufacturer and distributor....
Global inverter and energy storage system solution supplier Sungrow has launched its latest integrated solution for ‘residential solar-storage-EV charging’ at the InterSolution 2023 that is being held in Belgium. Sungrow also showcased its new commercial inverter SG125CX together with the utility solution 1500V string inverter...
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