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Vikram Solar

Indian RE Sector Stable But Riddled With Payment & PPAs Signing Delays

While India’s renewable energy (RE) sector is currently stable, the key challenges containing its growth lie on the execution front, finds a new report by ICRA. According to the report, the RE sector’s present stability is on account of strong project pipeline, the government’s continued policy support, and superior tariff competitiveness offered by wind and […]

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Battery Startup Log 9 Materials Raises $5 million from Amara Raja Batteries

Bengaluru-headquartered advanced battery-tech Log 9 Materials has announced an equity partnership and collaboration with Amara Raja Batteries (ARBL), one of India’s largest manufacturers of industrial and automotive batteries. The deal involves an investment of $5 Million from Amara Raja Batteries during its ongoing Series A+ funding round. For ARBL, the investment follows the announcement of […]

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BTM Storage is Closer Than You Think In India, Says Report

Integrating large amounts of behind-the-meter (BtM) battery storage and consuming their own energy will be possible for non-residential consumers by 2025, enabling a distributed energy future, says a new report Auroville Consulting. The report findings are based on the levelized cost analysis of solar-plus-energy storage systems for consumers in Tamil Nadu. The status report titled […]

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SECI Gets Bids Over 10 GW for Rajasthan 1785 MW Tender

Continuing the strong trend observed across all significant tenders since the last quarter, a source at SECI confirms that they have seen a very strong response to the tender for 1785 MW solar projects in Rajasthan. Without confirming the final list, the source tells us that bids have been received for almost 10 GW, and  […]

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ICRA Places 4 GW Projects At Risk Of Escalations Due To Higher Import Costs

The hiked prices of imported solar PV modules by nearly 15-20% over the last 4-5 months, may impact the returns of solar power project developers.  According to a recent release by the independent rating agency ICRA, the price rise in imported solar modules has been mainly caused due to anincrease in the price of polysilicon, […]

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NTPC’s River Rejuvenation Project Helping 150 Villages Defeat Water Crisis

NTPC Limited, has put some of its CSR funds to use in Mouda, Maharashtra through their groundwater rejuvenation project.  helping over 150 villages to defeat the water crisis around its operational area. The project was initiated in 2017 by NTPC Mouda along with the Maharashtra wing of Art of Living with aid from few other […]

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ADB Supports India’s Covid-19 Response Through Record Annual Lending

Manila-headquartered Asian Development Bank (ADB) said on Thursday that it had committed $3.92 billion in sovereign loans for 13 projects to India in 2020, including $1.8 billion in projects to support the Government of India’s coronavirus disease (COVID-19) pandemic response. This is ADB’s highest-ever annual lending commitment to India since the start of its lending operations […]

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Waaree Praises PLI but Says Indian PV Manufacturers Facing Challenges

Mumbai-headquartered solar PV module manufacturer Waaree Group has expressed appreciation for the government’s recently announced Production Linked Incentive (PLI) scheme and has highlighted the challenges currently facing Indian manufacturers of solar power generation equipment. Chairman and Managing Director Hitesh Doshi believes that the PLI scheme will boost the country’s manufacturing sector, which is paramount today. He […]

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