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Govt VGF Scheme Can Support 36% Of Offshore Project Cost, Says CRISIL

The Union Cabinet approval of the viability gap funding (VGF) scheme, with a total allocation of Rs 7,453 crore, is a boost for the offshore wind energy segment. It could trigger investments into a space developers have shied away from due to high cost, operational challenges, and offtake-related risks, according to CRISIL. This is a […]

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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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Evervolt Green Energy & SolaX Partners For Energy Advancement At SNEC

SolaX Power Network Technology (Zhejiang) Co., Ltd. and Evervolt Green Energy Pvt Ltd unveiled an alliance set to drive renewable energy advancements across India at the 7th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition (SNEC). Signed by Jerry Cui, Sales Director of APAC & MEA Market from SolaX Power Network Technology […]

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Shree Cement Reneweable Power Capacity Reaches 1GW

Shree Cement, the third-biggest cement producer in India, announced that it has achieved 1,000 MW of installed power capacity through the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh operation. “The one GW (Gigawatt) capacity includes a mix of solar, wind, thermal and waste heat recovery power plants, showcasing Shree Cement’s […]

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90% Solar Manufacturing Is Concentrated In 5 Developing Countries, Says Report

A recent report by REN21 found solar manufacturing to be concentrated geographically in just five countries, which are estimated to produce more than 90% of the global capacity for producing solar modules. These countries are namely reported to be, China which leads with around 80% of overall solar PV manufacturing capacity, followed by Vietnam, India, […]

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SNEC Vibes-What Value Solar Module Warranties?

At SNEC Shanghai, between the usual bustle and rush to see as much as possible, the one refrain that was obvious was the issue of shrinking margins for solar players. From the largest players like LONGi, JA solar and Jinko, to the smallest module players, many unknown in India, the common refrain was the issue […]

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20% Of Global Power On Summer Solstice Came From Solar: Report

Energy think-tank Ember estimates that today, across the midday peaks on the summer solstice – 20% of the world’s electricity will come from solar, up from 16% last year.  “At 20% share, solar is now a serious global electricity source,” said Kostantsa Rangelova, electricity analyst at Ember. “ Battery costs have collapsed, meaning solar power […]

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Clean Energy Investment Double The Fossil Fuel Amount This Year: IEA

Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to a report by the International Energy Agency (IEA). Despite pressures on financing, global investment in clean energy is set to reach almost […]

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Top 5 Non-Chinese Solar Inverter Manufacturers

A Solar inverter is one of the crucial components of solar panel systems, which converts the direct current (DC) generated by solar panels into alternating current (AC), which is suitable for powering household appliances, businesses, and the electrical grid. Needless to say, the solar inverter market growth is analogous to the growth of solar power […]

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