Solar Energy National News

MoP Amends Electricity Act For Power Trade With Neighbors

On August 12, the Ministry of Power (MoP) has amended the Import and Export of Electricity Act 2018 through an Office Memorandum, enabling the export and import of electricity to and from India. Under the revised guidelines, the government modified Clause 5.2 9(a) and Clause 8.9 to permit generating companies and distribution companies to export […]

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Kinetic Green Raises US$25 Mn From Greater Pacific Capital

Kinetic Green, an Electric Vehicle (EV) manufacturer secured a US$25 million investment from Greater Pacific Capital (GPC), a global private equity firm. This investment is part of an overall targeted Series A fundraising of up to US$40 million. GPC’s investment in Kinetic Green is through a combination of instruments including common equity shares, convertible preference […]

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India’s Renewable Capacity Surpasses 150 GW: MNRE

India’s total renewable energy capacity (excluding large hydro) has now touched 150 Gigawatt (GW), latest data from the Ministry of New and Renewable Energy (MNRE) reveals.  The latest data from the ministry for the month of July shows that India added a total of 1733.66 MW of new solar capacities. During the same period, India […]

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2.8 GW Versus 9.3 GW- EMBER Report Points to Huge Gap In Wind Additions In India

The winds of change are blowing across India’s energy landscape. Over the past three years, annual wind installations have surged, but there’s a catch: the 2023 figures were a whopping 51% higher than in 2022, the latest report from EMBER said. It also said that despite this growth, the current build rate of 2.8 GW […]

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GAIL, RRVUNL Collaborate For 1 GW Solar & Wind Project

GAIL Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) recently joined hands to set up around 1 GW of solar and wind projects in suitable land parcels, thus creating an opportunity for Round the Clock (RTC) power. Both parties will work together towards setting up around 1,000 MW of solar and wind projects in […]

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MNRE Tightens Traceability Of Domestic PV Cells And Modules With New ALMM Rule

MNRE Enhances Traceability of Domestic PV Cells and Modules The Ministry of New and Renewable Energy (MNRE) recently amended a provision under the “Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirement for Compulsory Registration) Order, 2019.” In its latest notification, MNRE introduced two new clauses dated May 10, 2023. These changes come even as […]

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IACC Summit: US Reaffirms Commitment To Support India’s Energy Transition

United States (US) has expressed its strong commitment to supporting India’s ambitious energy transition efforts, said Jonathan Heimer, Minister Counselor for Commercial Affairs at the US Foreign Commercial Service (FCS). He was speaking at the second Energy Summit of the Indo-American Chamber of Commerce (IACC) in New Delhi. Heimer highlighted the deepening ties between the […]

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Study Points Out At India’s Key Role In Energy Transition In Asia

The Rockefeller Foundation released a new report which talked about the important role played by India in the overall energy transition in Asia. It appreciated the role of the country and deploying renewable energy projects at an ‘unprecedented pace’. The report calculated an 8,700 terawatt-hour (TWh) “Green Power Gap” across 72 countries in Africa, Asia, […]

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Fourth Partner Energy Secures $275 Mn Investment From IFC Consortium

International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG today made a $275 Mn investment into Fourth Partner Energy (FPEL). IFC is a global impact investor and DEG is a German investment and development company. The consortium’s investment will infuse capital to fund FPEL’s business expansion plans which include a target portfolio of 3.5 […]

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