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Sterlite Power Secures Rs 2,024 Cr Funding from IndusInd Bank, L&T Infra for Transmission Project in Gujarat

Global player in the power transmission space Sterlite Power has secured funding for about Rs 2,024 crore for its power transmission project in Gujarat. The company said that, it has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL). It further added that, we have secured funds worth Rs 2,024 crore from IndusInd […]

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India EV Battery Swapping Propelled by low Penetration of Charging Stations: P&S Intelligence

Due to increased run-time and improved remunerative prospects for shared e-mobility drivers, the demand for EV battery swapping is rising in India Due to increased run-time and improved remunerative prospects for shared e-mobility drivers, the demand for electric vehicle (EV) battery swapping is rising in India, a new report by market research and consulting services […]

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LONGi Rated With Highest Altman-Z Score by BloombergNEF

LONGi has been rated with the highest Altman Z score of all the publicly quoted pure-play solar manufacturers by BloombergNEF In February, BloombergNEF, a leading provider of global PV business dynamics and financial information had released the “1Q 2020 Global PV Market Outlook”. LONGi, which is one of the world’s leading solar module manufacturer, was […]

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Slow Progress in January 2020, Indicates MNRE Report to Cabinet

In it’s report for the month of January 2020, the Ministry of New And Renewable Energy has seen fit to highlight the following key points for the month of January 2020. The report is a document generated for each month, and supposed to be followed  by most ministries. MNRE, we are happy to share, is […]

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PGCIL Subsidiary Granted Transmission License for 2 GW RE Projects in Gujarat

CERC has granted a transmission license to a PGCIL subsidiary to establish transmission system for providing connectivity to 2 GW of RE Projects in Gujarat The Central Electricity Regulatory Commission (CERC) has granted a transmission license to Powergrid Bhuj Transmission Limited (PBTL), a wholly-owned subsidiary of Power Grid Corporation of India (PGCIL) to establish the […]

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MHI Vestas Secures 1st Firm Order in Japan for 139 MW Offshore Wind Projects

Akita Offshore Wind Corporation has completed a firm turbine supplier agreement with MHI Vestas for a 139 MW offshore wind farm project in Japan Akita Offshore Wind Corporation (AOW) has completed a firm turbine supplier agreement with MHI Vestas for the Akita Noshiro Offshore Wind Farm Project. This is the first firm order in Japan that […]

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No Compulsion to Import Modules From China Amid Coronavirus Outbreak: RK Singh

India’s solar industry is under no compulsion to import solar modules from China following the coronavirus outbreak, Power Minister RK Singh has said India’s solar industry is under no compulsion to import solar cells or modules from China following the coronavirus outbreak, power and new & renewable energy minister RK Singh has said. “The solar […]

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BEE Adds Deep Freezer, Light Commercial ACs to its Star Rating Prog; Likely to Save 9 BU Power by 2030

In a step further towards its vision of building an energy efficient India, the government-backed Bureau of Energy Efficiency (BEE) has extended its list of items covered under the ‘Star Labeling Programme’ by adding Deep Freezers and Light Commercial Air Conditioners (LCAC). BEE formulated the Star Labeling Programme, as part of its mandate, under the […]

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CERC Approves Tariff of Rs 2.79/kWh for 480 MW Wind Power

CERC has approved the petition filed by SECI for the adoption of tariff for 480 MW wind power projects (Tranche-VII) through a competitive bidding process. The Central Electricity Regulatory Commission (CERC) has in its latest order approved the petition filed by the Solar Energy Corporation of India (SECI) for the adoption of tariff for 480 […]

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