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IEX September Update- Green Market Grows 214% Growth

The Indian Energy Exchange, India’s pre-eminent electricity exchange, achieved total monthly volume (including certificates) of 11,370 MU in September’24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 […]

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US Energy Storage Surges With Second-Highest Quarterly Record

The United States is continuing to break records for energy storage installations across key market segments, according to the latest report by Wood Mackenzie. In the second quarter of 2024, the US developers installed 3,011 MW and 10,492 MWh of energy storage capacity. This marks the second-largest quarterly capacity addition, surpassed only by Q4 2023, […]

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Alpex Set To Add 1.6 GW Solar Cells Manufacturing Plant At Uttar Pradesh

Greater Noida-based solar module manufacturer Alpex Solar has received shareholder approval for its expansion plans to add 1.6 GW of capacity through a new solar cell plant. The company has announced an investment of Rs. 642 crores to establish this 1.6 GW solar cell manufacturing facility. This move into solar cell production complements Alpex Solar’s […]

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Google In Deals With Adani, Cleanmax For Clean Energy Deals In India

In a busy week for Google in India, the global search and web giant inked agreements with the Adani Group as well as Cleanmax Enviro for supply of green energy to power operations here. Google Adani Tie-Up For Khavda Energy The Adani Group and Google are collaborating to further reduce Google’s carbon footprint. Under the […]

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Envision Energy Announces 5MW onshore platform for India

Envision Energy India Private Limited announced its advanced EN 182/ 5MW onshore platform at Wind Energy Hamburg 2024. The company claims that this new platform enhances annual energy output (AEP) by over 40% from its current EN 156/3.3MW platform, providing significant benefits for customers. This platform, featuring a larger swept area, having enhanced Turbine operational […]

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Goldi Solar Enhances Capacity Targets

Surat-based Goldi Solar, has announced an enhancement to its capacity expansion plans. The firm now aims to increase its module manufacturing capacity from the current 3 GW to 14 GW by mid FY26. Additionally, Goldi Solar plans to build its cell manufacturing capacity to 4 GW by FY27, a crucial move aimed at reducing reliance on […]

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Details of Solar Tariff Moves at US, Turkey And South Africa

October has started on a protectionist note for the solar sector, with news of solar tariffs being imposed on imports by three key markets, with the most significant of course being the US market. Helping these moves is of course the slump in Chinese solar manufacturing prices. themselves a result of overcapacity. That has made […]

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Maharashtra: JSW Neo Gets 1,500 MW / 12,000 MWh Pumped Hydro Storage Project

Mumbai-based JSW Neo Energy Limited (JSW Neo), a subsidiary of JSW Energy Limited, received a Letter of Intent (LoI) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). Their Bhavali Pumped Hydro Project is located in the Nashik and Thane districts […]

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Avaada Announces ₹1L-cr Investment In Rajasthan’s Energy Transition

Indian renewable energy company Avaada Group has unveiled its ambitious plan to invest ₹1,00,000 crore in Rajasthan, further propelling the state into the forefront of India’s renewable energy revolution. With the focus on large-scale solar, wind, and green ammonia projects, Avaada has planned to boost its footprint in Rajasthan’s vast arid land. In a step forward, […]

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