Solar Energy National News

8th India-Sweden Innovation Day ’21 to Focus on Green Tech

India and Sweden are set to celebrate the 8th Innovation Day on 26th October at 08:00-16:30 (Swedish Time) and 11:30-20:00 (Indian Time). The online event themed “Accelerating India Sweden’s Green Transition” is hosted by India Unlimited in association with the Embassy of India in Sweden, Sweden-India Business Council, and Confederation of Indian Industry (CII). India […]

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Odds of Relief for Large Solar Developers In India Continue To Increase

Weeks after iterating his goal to push domestic manufacturing using every tool at his command, Power and MNRE Minister R.K. Singh faces a stiff test of resolve. The ‘perfect storm’ of events that was considered all but impossible till 12 months ago has come to pass, and the government will soon need to take a […]

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It’s Shopping Sunday For Reliance With 40% Stake in Sterling And Wilson Solar

In a Stock exchange filing today, Sterling and Wilson Solar has informed the exchange about the signing of definitive agreements by Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance), and Shapoorji Pallonji and Company Private Ltd (SPCPL), Khurshed Daruvala and Sterling and Wilson Solar Ltd (SWSL) to acquire 40.0% […]

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Reliance Acquires REC Group in $771 Million Buy Out

In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […]

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India’s iCreate, Israel’s Start-Up Nation Central Partner for Green Tech

iCreate (International Centre for Entrepreneurship and Technology), an Indian startup incubator and Start-Up Nation Central, a not-for-profit organisation that connects multinational corporations, governments, investors, and NGOs to the Israeli innovation ecosystem, are collaborating to promote the adoption of green technologies. This partnership will also set the stage for the 2nd cohort of the India-Israel Innovation […]

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Jharkhand Misses Alt Energy Target, Govt Data Shows

Jharkhand has been a habitual defaulter in meeting the renewable energy purchase obligation (RPO) as mandated by the Centre for achieving the ambitious dream of 175GW power through renewable sources by 2022. RPO is a mechanism by which the obligated entities which includes discoms, open access consumers and captive power producers, are obliged to purchase […]

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IREDA CMD Announces Plans For An IPO At AGM

Pradip Kumar Das, the Chairman and Managing Director (CMD) at the Indian Renewable Energy Development Agency (IREDA) announced plans to go for the institution to go for an initial public offering (IPO) soon at its 34th AGM yesterday. The CMD also informed shareholders about performance in 2020-21, when IREDA disbursed its second highest amount of […]

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Wary of China, Quad Nations To Focus on Solar Supply Chain

The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia’s Prime Minister Scott Morrison. The Quad nations, in their first in-person summit on Friday in Washington, agreed on a partnership to secure critical […]

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Solar Manufacturer Premier Energies Raises INR 200 crore Private Equity

Premier Energies, a leading Solar PV Cells & Module manufacturing company, today announced a Private Equity investment of Rs 200 crores in the company by GEF Capital Partners, a global private equity manager focused on investing in climate solutions. Premier Energies will use the funds as growth capital to enhance its solar PV cell and […]

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