Solar Energy National News

EVs Likely To Clock Around 1.3-1.5 Lakh Sales In FY25, Finds Report

CareEdge Rating, a rating agency report on passenger vehicle (PV) sales in the automobile industry said that India is expected to experience a strong demand for new model launches. The report attributed this growth to continued growth in demand for Electric Vehicles (EVs) and SUVs coupled with a possible cut in interest rates in the […]

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BII, Symbiotics Launch Second Green Basket Bond Across Asia, Africa

British International Investment (BII), a UK-based development finance institution (DFI) and impact investor committed $75 million to the second ‘green basket bond’ arranged by Symbiotics Investments, a financial lender. The green lending program is expected to increase financing to small-scale green projects across Africa and South and South-East Asia through MSME lenders. This project particularly […]

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Cleantech Solar Secures Rs 855 Cr Financing From Aseem Infrastructure Finance

Cleantech Solar, a renewable energy solution provider with operations in India and Southeast Asia, has announced the financial close of a long-term senior secured loan of Rs. 855 crores from Aseem Infrastructure Finance Limited. This loan is to expand the company’s open-access Commercial and Industrial (C&I) portfolio in India. The Rupee Term Loan (RTL) is […]

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L&T Wins 185MW Solar Plus 254 MWh Storage Project In Bihar

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro’s (L&T) recently won an order to build a grid-connected 185MW Solar PV plant. The order entails solar power plants with a 254 MWh Battery Energy Storage System (BESS) having multitudes of MWh capacity in Kajra in Lakshisarai district in Bihar. This is expected to […]

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MNRE Releases Rules For Solar Module, Inverter Enlistment Under PM Surya Ghar

The government introduced the PM-Surya Ghar Yojna this year to boost rooftop solar adoption. In tandem, it established eligibility criteria for solar module enlistment under the same initiative. The key criteria included, The policy set laid down that the module must be enlisted as a star rating of a minimum of three stars under star […]

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NTPC-VVN Invites Bids For 250 MW/500MWh Standalone BESS Project

NTPC Vidyut Vyapar Nigam Limited (NTPC-VVN), a Central Public Center Enterprise released a tender inviting bids for setting up 250 MW/500MWh Standalone Battery Energy Storage Systems (BESS) in India. NTPC VVN invited bids for the selection of battery energy storage system (BESS) developers for setting up 500 MWh (250 MW x 2 hrs) standalone Battery […]

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MAHAGENCO Issues Tender Seeking EPC Contractors For Solar Project

Maharashtra State Power Generation (MAHAGENCO) recently released a tender inviting bids under two systems, technical/commercial and price bid. The MAHAGENCO seeks bidders to select EPC contractors for the design, engineering, supply, erection, testing, and commissioning of 65 MWAC capacity crystalline solar PV technology. The project is located in a village in Lakhmapur, Taluka in Chandrapur […]

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Cabinet Approves Viability Gap Funding For Offshore Wind

The Indian Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The total outlay of the scheme stood at Rs 7,453 crore. The fund included an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy […]

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Thailand, India Can Pose Challenge To China’s EV Market: Report

Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario.  The Bloomberg […]

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