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Indian market

Zetwerk Wins Order From Indian Oil To Set Up 1400+ Fast EV Chargers

Bengaluru-based Zetwerk, which is a managed marketplace for contract manufacturing announced its plans to install electric vehicle (EV) fast chargers in major cities and on key highways to enhance accessibility and travel convenience. Zetwerk, a managed marketplace for contract manufacturing recently, secured an order with Indian Oil Corporation Limited (IOCL) to set up EV fast […]

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What Energy Transition Means For Indian Homeowners & Individuals?

By-Praveen Raju, Janhavi Joshi, and Amoolya Khurana  The Government of India highlighted the challenges faced by developing countries to combat climate change at the 2021 United Nations Climate Change Conference (“COP26”) and subsequently presented India’s commitments to the energy transition in the form of Panchamrit i.e., a five-step approach to combat climate change which included […]

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Indian Solar Firms Bank On Cricket To Popularise Renewables

Indian solar industry in the last few months has increased its reliance on cricket to bolster the popularity of renewable energy in the country. With the passage of time, we have seen more solar firms especially the Indian solar module manufacturers jumping onto the bandwagon of using cricketers and the Indian Premier League (IPL) to […]

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Nilesh Malani Joins Waaree Group As Chief Marketing Officer

Indian renewable energy company Waaree Group has appointed Nilesh Malani as its new Chief Marketing Officer (CMO). Before joining the Waaree Group, Malani was the Chief Marketing Officer (CMO) at Polycab.  Malani also discussed his recent inclusion with the Indian green energy firm and expressed enthusiasm about his new journey. “I am happy and excited […]

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CERC Moves On Pilot Project For Market Coupling

Reports have confirmed that the Central Electricity Regulatory Commission (CERC) has ordered for a shadow pilot on market coupling of India’s power exchanges. The news confirms  what has been suspected for long, that despite protestations of IEX the premier power exchange, and many other stakeholders, the government is determined to push ahead with market coupling […]

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January Power Market- IEX Reports Highest Ever Volumes, Green Power Slides

Indian Energy Exchange (IEX), India’s leading electricity exchange, achieved the highest-ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 […]

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Cleantech Solar Raises Rs 6.25 Billion From Tata Capital for Indian RE Projects

Singapore headquartered Cleantech Solar has successfully secured a substantial long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. This funding is earmarked for bolstering its open access portfolio within India. Cleantech Solar stands as a prominent provider of renewable energy solutions catering to corporate entities across India and Southeast Asia. It […]

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ADB Issues its Largest Local Currency Green Bond in Indian Rupees

The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date.  The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […]

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