Home » Daily Newsletter » Rooftop Solar Enters Mission Mode
The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the...
PM Modi’s announcement of Pradhanmantri Suryodaya Yojana, has energised industry, with hopes high for a massive impetus to rooftop solar from the scheme. From more funding and subsidies, to opportunities and jobs, the scheme holds potential to be a real gamechanger. We list the top...
Has Serentica's launch plan changed since its inception, or is it following the original plan to achieve the fastest renewable expansion? Can you provide the current status of the firm's plans, including specific timelines for capacity additions? Serentica remains committed to industrial decarbonization and providing...
SJVN Ltd has announced that it has successfully secured a 100 MW solar project in Gujarat through an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). SJVNL said that its bid was secured at a rate of Rs 2.54 per unit, following a...
Adani Green Energy Limited (AGEL) has announced the redemption plan for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes). The outstanding amounts of the Holdco Notes shall be fully secured through cash balances set aside as part of various reserve accounts...
German solar startup NexWafe GmbH, which counts India's Reliance among its key investors, is considering a major expansion in the US with 6 GW of solar wafer manufacturing capacity there. Towards this end, NexWafe GmbH has established a U.S. subsidiary to evaluate the development of...
REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and...
CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu, India. The 21-megawatt (MW) solar plant will generate over 30 million kilowatt-hours (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of...
Indian wind energy company Inox Wind Limited announced that its 3 MW Wind Turbine Generator (WTG), with a booster capacity of up to 3.3 MW, has been enlisted in the Revised List of Models and Manufacturers (RLMM) published by the Ministry of New and Renewable...
A recent report by the United States (US)-based organization National Renewable Energy Laboratory (NREL) anticipated an increase in the share of renewable energy (RE) generation from wind and solar in India to reach 54 percent by 2047. The NREL report evaluated, “In the base scenario,...
India's premier power exchange, the India Energy Exchange(IEX) has announced its Q3 results for FY24. The firm reported a decent set of numbers, with revenues up 20.3% YoY to Rs 141.2 crores, even as power traded on the exchange rose to 28.3 BU a 16.8%...
A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several...
Valencia, Spain based PVHardware (PVH or Polígono Industrial Castilla Vial), a global solar tracker manufacturing firm, has unveiled what it terms a groundbreaking in-house pre-assembly process across all production centers, marking a seismic shift in solar installation efficiency. PVH claims that this strategic innovation dramatically...
In 2015, Solis India embarked on its journey within the Indian solar power sector, emerging as a Tier 1 global inverter brand by BNEF. During this time, the exclusively string inverter firm has been a standout success story, benefiting both from a growing solar market...
The Department of Energy (DOE) of the United States (US) recently announced that it would invest $171 million in 49 projects across 21 states. This announcement supported United States (US) President Biden’s 'Investing In America' agenda. The announcement stated, "This investment aimed to give new...
Tata Motors recently announced delivery of Electric Vehicle (EV) air-conditioned buses to Jammu Smart City Limited through TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. It stated, "The initiative was led by the Housing and Urban Development Department of the...
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