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investment

USA To Give $56 Million For Solar Manufacturing & Recycling

The U.S. Department of Energy (DoE) will be funding new initiatives with $56 million which includes $10 million from President Biden’s Bipartisan Infrastructure Law, to spur innovation in solar manufacturing and recycling in the country. The government said that the funding will help make clean energy more affordable and reliable. Also, developing more solar power […]

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Filatex India Signs PPA To Purchase Renewable Energy

Filatex India Ltd, has signed a PPA with FP Crysta Energy Pvt Ltd and an SHA with FPEL Sunrise Pvt Ltd. The agreements have been signed under Gujarat’s Hybrid Wind-Solar Power Policy 2018 to mitigate the cost of energy from the grid that has constantly been on the rise and while also keeping in mind […]

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Policy Muddle, Economy Trip Up US Clean Energy Growth In Q2, Says Industry Association

According to a report from the American Clean Power Association (ACPA),  a US body of mostly energy developers, the rate of clean energy deployment slowed substantially in the second quarter. The association’s report blames policy headwinds, economic factors and trade issues for impacting project development and increasing the backlog of new project delays. The report […]

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4 Years On, GoodWe Basks In The Success Of Cochin Airports Solar Project

Cochin International Airport Ltd (CIAL) is the world’s first fully solar-powered airport. The eco-friendly initiative of CIAL has won international accolades including “The Champions of the Earth Award-2018” from the United Nations. CIAL claims that it is known for its commitment to the idea of sustainable development which prompts the effective utilization of green energy […]

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Octopus Energy Group Raises Fresh Funds Totaling $550 million

In a fresh announcement, British renewable energy player Octopus Energy Group said that it has closed the recent funding round and has secured $325 million from its shareholders. It said that the loan is raised on the terms agreed during the fundraising round in December 2021. The official statement revealed that the RE player’s investors […]

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Adani Group Will Invest $70 bn In Green Energy To Build Atmanirbhar Bharat

Adani Group Chairman Gautam Adani has said that the company will invest $70 billion in green energy transition and infrastructure projects, calling upon the shareholders to “reshape India’s energy footprint for an Atmanirbhar Bharat”. Addressing the annual shareholders’ meeting of Adani Enterprises, the flagship company of the group, he said, “The best evidence which showcased […]

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With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues

One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […]

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Kerala State Commission Turns Down KSEB Petition For Gross Metering, Net Billing

In an important order last week, the Kerala Electricity Regulatory Commission (KSERC) has turned down the plea of the state discom, Kerala State Electricity Board Ltd (KSEB) for modification of the net metering rules as applicable in the state to  gross metering and a net billing regime. KSEB had also made a plea for the […]

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