Solar Energy National News

Sunniest Countries Failed To Tap Solar Power: EMBER

Solar capacity additions surged 74% in 2023, reaching a record 346 GW annual additions, according to a report by EMBER. The EMBER research showed that “Globally, only 14% of solar capacity was installed as of 2023 (204 GW) was in markets with solar insolation above the global average. Other countries such as, Japan saw 13 […]

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NHPC Releases Tender For 1.2 GW Solar Project Across India

National Hydroelectric Power Corporation (NHPC), an Indian Hydropower generation company released tender, inviting bids for selection of solar power generators for setting up 1200 MW (1.2 GW) ISTS-connected solar power projects anywhere in India basis under TBCB. Bid Submission Start Date: 31-05-2024 Bid Submission End Date: 29-06-2024 Bid Opening Date: 04-07-2024 End Date – 29-06-2024 […]

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Suzlon Reports Highest Ever Orders With India’s Rise On Wind Energy Installations

Indian Wind Turbine Manufacturer-Suzlon Energy is now confident of dominating the Indian wind market. In its latest investors call, the management expressed confidence on its position amid the presence of foreign wind energy companies. The firm attributed this to their existing clients and prices. When talked about the competitions from companies like Vestas or Envision, […]

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NTPC Issues Tender For 1200 MW FDRE Projects Across India

NTPC invited online bids for the selection of renewable energy (RE) power generators for the supply of 1200 MW firm and dispatchable power from inter-state transmission system (ISTS) connected Renewable Energy (RE) power projects anywhere in India on a built-own-operate basis. Tender Cost: Rs. 22,500 Document Sale Start Date: 07/06/2024 at 09:00 Closing Date: 28/06/2024:at […]

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India’s Peak Power Demand Smashes 2023 Peak, Touches 250 GW

The Indian power sector met a record maximum power demand of 250 GW on 30th May’24 whereas, the non-solar demand touched an all-time high of 234.3 GW on 29th May This spike in power demand reflects the combined impact of weather-related loads and growing industrial and residential power consumption in these areas. On 30th May, […]

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Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage

In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […]

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Jakson Green Secures Rs 600 Mn RE Funding From HSBC

Jakson Green has secured a Sustainable Trade Facility of Rs. 600 million from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally. Jakson Green, renowned for its pioneering work in the sector of Renewables, Green Hydrogen, and its derivatives, is actively expanding its […]

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ADB Commits $2.6 Billion In Sovereign Lending to India

The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53 million in technical assistance and $4.1 million in grants under […]

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India’s EV Sector: OEMs Lead 70% of Deals In 2023, Says Report

According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030.  The report highlighted that 2023 followed the trend observed in the second half of 2022, with a reduction in […]

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