Solar News

Rays Power Announces Closure Of Rs 127cr Fund Raise

Rays Power Infra, a solar EPC and turnkey solution provider company today announced the successful closure of a fundraise of Rs 127 crores as equity capital. The company is also gearing up to file its IPO Draft Red Herring Prospectus (DRHP) in the last quarter of the year, setting the stage for further fundraising to […]

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Saudi Arabia To The Rescue For Chinese Renewable Majors

Hit by domestic overcapacity and sanctions in the US and other key markets, China’s leading green energy firms are looking to the Middle East to fill the holes. As the world’s largest solar and wind market, with the manufacturing capacity to boot, Chinese firms have been well established as global suppliers across every major market, […]

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With New Import Duties On Solar Glass, Borosil Sees ‘Acche Din’ Ahead

In October 2023, Greater Noida hosted Renewable Energy Expo (REI) which saw the conglomeration of several renewable industries under one roof. On one side of the show, Borosil Renewable, one of India’s leading solar glass manufacturers hosted its stall. It entertained several solar industry leaders and had a series of meetings.  In an interview with […]

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BrightNight Australia Links Mortlake Energy Hub To National Grid

Australian Energy Market Operator (AEMO) recently approved the connection of BrightNight’s 360 Mega Watt (MW) Mortlake Energy Hub (a hybrid renewable energy project) to the National Electricity Market, to support Australia’s decarbonization efforts. Australia wants to go net-zero by 2050 and has plans to ensure 82% electricity capacities in their grid from renewable sources by […]

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Adani Renewable Adds 250 MW Of New Wind Project At Khavda

Adani Renewable Energy recently operationalized its new 250 MW of energy wind energy capacities at the Khavda Renewable Park in Gujarat, touted to be world’s largest renewable energy park. This comes after the Indian renewable company announced operationalizing 1 Gigawatt (GW) of solar capacities at Khavda. The firm has plans to add 30 GW of […]

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Budget 2024 Announcements On PSP, Thermal- Hit Or Miss?

As the dust settles on the budget announcements, by all accounts the budget continues to lose relevance in terms of the sort of disruptive changes it could bring earlier. For the renewable sector, that means even as the loud clamor for a reduction of GST rate on equipment like turbines and modules from 12% to […]

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LevelTen Raises $65 Million, To Enter Newer Markets

LevelTen Energy, which describes itself as a leading provider of transaction infrastructure for the energy transition, announced that it has secured approximately $65 million in a Series D funding round last week. The financing, which includes both new growth capital and the conversion of notes, was led by B Capital, a global multi-stage investment firm. […]

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Budget: Provision For Critical Minerals, Lithium To Boost EV Growth

The latest budget announced by Union Finance Nirmala Sitharaman announced several interventions that can fuel the growth of Electric Vehicles (EVs) and battery industries across the country.  In the recent budget released by the minister in the Parliament, she announced to reduction the Basic Customs Duty (BCD) to zero on critical minerals and numerous components. […]

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