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5 PPA Models Shaping Renewable Energy Procurement in US & Europe

As renewable energy becomes a larger part of power grids across the globe, challenges like negative prices and reduced value for standalone profiles, particularly solar, are emerging, particularly in developed power markets. Market participants generally agree that the risk of negative prices will likely get worse before it improves. Innovative Power Purchase Agreements, or PPA […]

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Besides Europe & Africa, Solex To Focus On Module Exports To US

After trying hands with solar module exports to the European and African markets, Indian solar module maker Solex Energy is now eyeing the United States. The top management of the company in a latest investors call talked about their plans to venture into the US solar market for their exports. Chetan Shah, Chairman and MD […]

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MERC Grants Relief To Wind Company Due To Force Majeure

The Maharashtra Electricity Regulatory Commission (MERC), in its latest order, provided relief to Clean Wind Power (Bhavnagar), a subsidiary of Hero Wind Energy Private Limited (Hero). This case highlights the importance for renewable energy developers to carefully draft contracts, anticipate potential disruptions, and ensure compliance with regulatory requirements to mitigate risks. In its order, MERC […]

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MOOEV Secures Rs. 40 Million Seed Funding Led By Bizdateup

MOOEV Technologies, an electric vehicle (EV) startup focusing on heavy-duty transportation sector, raised Rs. 40 million in a seed funding round led by Mumbai-based Bizdateup. This funding round included investors like Inflection Point Ventures and Spectrum Impact (Aarti Industries Family Office), to accelerate the electric heavy-duty trucks deployment across India and aims to establish charging […]

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After China & Europe, India Set To Embark On Offshore Wind Journey

After a thrust to offshore wind energy projects in China and Europe, swings of changes in this sector are now expected in India too. Last year, globally 10.8 GW of new offshore wind energy capacities were added, as per a report from the Global Wind Energy Council (GWEC). The lion’s share was taken by China […]

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Euler Motors Announces Entry Of Its First Commercial 4-Wheeler EV

Euler Motors, a commercial electric vehicle manufacturer, has announced its entry into the small commercial vehicle (SCV) segment, with its first 4-wheeler that will offer 1000+ kgs payload. Planned for launch in the upcoming festive season. Euler Motors’ new SCV will be designed to meet the growing demand for cost-effective, and high-performance inter-and intra-city transportation […]

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SUN Mobility, Tata Motors Tieup To Boost EV Expansion

SUN Mobility, a sustainable energy solutions company announced the launch of retrofit kits for Tata ACE vehicles, in collaboration with Bluwheelz. This initiative aims to revolutionize the logistics sector by enabling fleet operators to convert their existing Tata ACE internal combustion engines (ICE) or fixed battery vehicles to swappable electric vehicles (EVs) equipped with SUN […]

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Sungrow Delivers First BESS PowerTitan 2.0 Units in Europe

Global energy storage solutions company Sungrow announced the first delivery of the cutting-edge Battery Energy Storage System (BESS), the PowerTitan 2.0 units in Europe. A total of 66 units have arrived in the UK, marking a new beginning in the Bramley 100MW / 330MWh project by Penso Power and BW ESS. The delivery comes less […]

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