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News Brief May 13 – Vesper Energy, Meta Solar Deal, UK Solar Farm

US-based Vesper Energy Sells Assets To Fortune 500 Energy Company Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets including solar farms, has sold its 100MW Deer Creek Renewable Energy project to an unnamed Fortune 500 energy company. Meta, Solarpack Collaborate on Solar Projects to Power Data Center in Indiana Meta and […]

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CERC Declines Relief To Adani Subsidiary Over Delay In Bhuj Wind Project

The Central Electricity Regulatory Commission (CERC) in its latest judgment declined to give any relief to Adani Wind Energy Kutchh One Limited over its delay in the commissioning of its proposed 250 MW wind energy project. The project was slated to come up at Dayapar village in the Bhuj district of Gujarat.  The Adani Group […]

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ReNew Contracts 5 PPAs Worth 2.2 GW, 438 MW Corporate PPA

Underlining its continued progress with key objectives like a larger portfolio and inroads into the corporate PPA market, ReNew, one of India’s leading renewable energy companies, has announced the signing of five Power Purchase Agreements (PPAs) totaling ~2.2 GW of RE capacity. These significantly expand its fully contracted renewable energy portfolio that now stands at […]

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Honda Opens New R&D Facility In Bengaluru

Japan-based Honda recently opened its new solution Honda R&D (India) (HRID) research and development (R&D) center in Bengaluru, Karnataka. The company HRID is a subsidiary of Honda Motor Co., Ltd. and functions as Honda’s research and development arm for motorcycles and power products in India. By setting up its recent plant in India, the company aims to achieve its […]

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Tata Motors Launches New E-cargo Ace EV 1000

Tata Motors, an Indian commercial vehicle manufacturer, launched its all-new Ace EV 1000 an e-cargo mobility solution. The zero-emission mini-truck offers last-mile mobility, higher rated payload of 1 ton and a certified range of 161km on a single charge. The Ace EV is developed with inputs from its customers and the new variant to address […]

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The Renewable Energy Developers Whose Plans Will Shape India’s Solar Targets

India reached a notable milestone in renewable energy by adding a record-breaking 18.48 GW in 2023-24, a 21 per cent increase from the previous year. As of March 31, 2024, India’s installed renewable energy capacity stood at 143.64 GW, excluding large hydropower projects. The country needs an annual addition of at least 50 GW for […]

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LONGi Sets New Record In Silicon Solar Cell Efficiency

LONGi Green Energy Technology Co. announced that the company has broken another world record for silicon solar cell efficiency only four months after it last set a world record in this area on May 7. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), the new silicon heterojunction back-contact (HBC) solar cells designed […]

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Ecofy Partners With Waaree Energies For Low-Cost Solar Finance

Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100 crore to partnering with Waaree Energies for boosting solar finance. […]

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JSW Energy Q4 Results- Renewables Pipeline Climbs to 3.4 GW, WTG Manufacturing In Works

JSW Energy Limited reported its results for the quarter (“Q4 FY24” ) and the financial year FY24 ended March 31, 2024, on May 7.  FY2024 – Delivering Sustainable Growth JSW Energy delivered a strong performance in FY24, achieving the highest-ever EBITDA of ₹5,837 Crore. The company made significant strides towards the outlined target of 20 […]

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