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Azure Power to Get Compensation For Increase in Costs Due to Safeguard Duty

The Maharashtra Electricity Regulatory Commission (MERC) recently heard two petitions made by Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change in Law and had asked it for approval and determination of compensation for the increase in project cost following the imposition. In […]

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NITI Aayog Asks Oil Ministry To Help Install EV Chargers at Petrol Pumps

NITI Aayog has directed the Petroleum Ministry to install EV charging infrastructure on 1000 petrol pumps The think-tank, NITI Aayog has asked the Petroleum ministry to help set up electric vehicle (EV) charging infrastructure at 1,000 petrol stations across the country. The industry executives, however, have doubts over the plan and say the move requires […]

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Exide Acquires Stake in Cleantech’s 3 SPV’s For Procuring Energy From Solar Plants

Exide Industries has announced that it has entered into 3 separate share subscription and shareholders agreements with Singapore-based Cleantech Solar Energy for three special purpose vehicle (SPV) companies. “Exide Industries Limited has entered into 3 separate SSSAs’ with Cleantech Solar Energy for 3 SPV companies for the purchase of energy from three Captive Power Plants […]

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BRPL and Shuttl Commit to EV Transition with Focus on Charging Infrastructure

Through their EV100 membership, the two firms have pledged to switch their fleets to electric and install charging infrastructure where they have operations. BSES Rajdhani Power Limited (BRPL) and app-based mobility company Shuttl have become the latest Indian companies to join The Climate Groups’ EV 100 initiative.  Shuttl operates nearly 30,000 rides daily to commuters […]

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Sterling & Wilson Solar files for Rs 4,500 crore-IPO with SEBI

The company’s revenue from operations in the first nine months of 2018-19 went up by  83 % to Rs 5,915 crore while net profit jumped 98 % to 343 crore during the period. Shapoorji Pallonji Group’s renewable energy arm Sterling and Wilson Solar today filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and […]

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DuPont PV Solutions Partners with Fraunhofer ISE

Fraunhofer ISE will validate and accelerate solar panel sequential testing methods developed by DuPont, to enable service life estimation calculations. DuPont Electronics & Imaging’s Photovoltaic Solutions business announced it has entered into a collaboration agreement with the Fraunhofer Institute for Solar Energy Systems ISE, a leading institute for applied scientific and engineering research and development […]

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CERC Passes Order, GST to be Covered Under “Change in Law”

The Central Electricity Regulatory Commission (CERC) has in its latest order observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under ‘Change in Law’. The commission issued the order in response to a petition filed by Parampujya Solar Energy Pvt. Limited (PSEPL), a […]

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Suzlon Completes Sale of Two Subsidiaries to ReNew Power

Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […]

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Global Storage Market Predicted to Reach 158 GWh by 2024: Report

The global energy storage market will expand 13-fold by 2024, according to new research from consultancy firm Wood Mackenzie. According to the report, ‘Global energy storage outlook 2019: 2018 year-in-review and outlook to 2024’, energy storage has been creeping into decarbonising markets over the past 5 years. Commenting on the report, Ravi Manghani, Research Director, said, […]

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