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Solar Finance Startup Metafin Gets $5 Million Funding

Metafin, a leading cleantech-focused NBFC, has successfully raised $5 million in equity funding, led by Prime Venture Partners and Varanium Capital. This investment backs Metafin’s approach to accelerating rooftop solar adoption and financing in rural India. Metafin plans to utilize funds to expand across states, grow its loan book, enhance its technology and IoT stack, […]

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UK Releases New Measure To Support Faster Adoption Of Chargepoints

The United Kingdom (UK) government recently released ‘Plan for Drivers’ a new measure to support electric vehicle drivers to make the switch towards electric vehicle. The new proposals are undertaken to ensure chargepoints can be installed even faster and it included grants for schools, cash for councils and new proposals to boost number of chargepoints. […]

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New Building Regulation Code Reduces Heat Pumps Emission By 25%: IEA Study

International Energy Agency (IEA) report on, “The Evolution of Energy Efficiency Policy to Support Clean Energy Transitions” outlines the changing energy system and shows why traditional energy efficiency policies must evolve, globally, to ensure clean energy transitions. In response to the evolving energy landscape, the IEA analysis focuses on leveraging existing policy foundations. For instance, […]

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OREDA Issues Tender To Deploy Solar Boats At Chilika Lake

The Odisha Renewable Energy Development Agency (OREDA) has planned to introduce solar boats on its largest water body, Chilika Lake. It has also issued tenders for the same from the interested parties. Chilika Lake hosts several aquatic animals like Dolphins and other species of fish. However, the fossil-fuel-based boats are often seen ferrying around the lake for […]

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Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector

For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […]

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No Need For Feasibility Reports For Rooftop Solar Below 10kw: Draft Rule

The Ministry of Power, in its latest draft notification, has proposed amending the electricity rules for rooftop solar. As per the latest draft rule, the authorities will remove the requirement to undertake technical feasibility studies for rooftop solar projects below 10 kilowatts (KW). The new draft rules, named Electricity (Rights of Consumers Second Amendment) Rules […]

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CEA Propagates the Idea of Vehicle to Grid

In March, the Ministry of Power had requested the CEA to frame guidelines for reverse charging of grid from batteries of electric vehicles (EVs). Accordingly, a committee was constituted by the CEA to analyze various aspects of reverse charging from EVs and present it to the committee, which saw participants from IIT Bombay, IIT Delhi, […]

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Electric Bus Maker PMI Raises Rs 250cr To Boost Green Mobility

Indian Electric Bus Maker PMI Electro Mobility has now raised Rs 250 crore investment from Piramal Alternatives. The move will likely help the electric mobility player boost green mobility in the country. The financial partner-Piramal Alternative announced the move. “We’re happy to announce that PMI Electro Mobility has secured INR 250 Cr investment from the […]

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Finnish Energy Tech Firm Capalo AI Raises Pre-Seed Funding Worth €500,000

Finnish energy tech startup Capalo AI has raised €500,000 in pre-seed funding. The funding round was led by Innovestor Tech Fund, with Inventure also participating. Capalo AI will use the funding to further develop its virtual power plant (VPP) and multi-market optimization AI, as well as scale up its team with talented mathematicians and cloud service professionals. With the […]

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