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Green Financier Ecofy Secures USD 12.5 Million From IFU

 Ecofy Finance Private Limited, India’s green-transition-focused NBFC, has announced that it has secured a USD 12.5 million long-term loan facility from the Investment Fund for Developing Countries (IFU), a development finance institution owned by the Government of Denmark. The funding will support Ecofy’s further expansion into funding EVs and Solar systems in India. Ecofy aims […]

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Actis Acquires Stride’s 371MW Portfolio, Bolsters Indian Footprint

Actis, a global investor in sustainable infrastructure, has acquired a 100% stake in Stride Climate Investments (Stride), a solar generation asset portfolio in India, from a fund managed by Macquarie Asset Management. The deal sees Actis take charge of Stride’s 371MW (414MWp) portfolio of operating solar PV assets spread across 21 projects in 7 states, […]

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Trump’s Energy Policies Reshape US Priorities, Challenge India

In line with US President Donald Trump’s commitment to reversing policies implemented by the outgoing Biden administration, he announced a series of provisions that prioritize contracts related to materials, equipment, and services, aiming to maximize domestic energy supplies under specific circumstances. The US Congress has introduced several provisions concerning domestic energy. Notably, Section 101(c) authorizes […]

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Does Europe Need To Subsidise PV Manufacturing?

The European Commission (EC) has been on an overdrive post Covid, launching multiple partnerships and funding for fostering manufacturing and innovation within the continent. Like the Biden administration in the US, the ostensible reason has been a desire to cut dependence on China in the renewable space, especially in the solar and now, battery space. […]

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Danish Transparent Solar Cells Achieve 12.3% Efficiency

Researchers from the EU-funded CitySolar project have developed a new technology that can turn ordinary windows into power-generating units without losing their transparency. It offers an efficiency of 12.3% and a transparency of 30%, the team claims to have set a world record for transparent solar cell modules. These solar cells work like the leaves […]

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India Needs To Invest $600 Bn In Power Sector: Wood Mackenzie

India is set to become a major player in the global energy markets with a unique growth path, featuring lower energy intensity, a diverse energy mix and increased commodity imports, the latest report from Wood Mackenzie said. The latest Wood Mackenzie’s Horizons report is titled “Eye on the Tiger: How Higher Indian economic growth could […]

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COVER STORY: India’s Different Path For Solar Module Manufacturing

On February 17, the Ministry of New and Renewable Energy (MNRE) issued its latest ALMM (Approved List of Models and Manufacturers) list. The issuing of the much-awaited list has been increasing in frequency over the year, as the rate of addition of new firms and module manufacturing capacity picks up pace. From just 26 manufacturers […]

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Korea Firm OCI To Build 2 GW Cell Manufacturing Plant In US

Korean chemical industries company OCI Holdings will build a 2GW solar cell production facility in Texas. The Korean firm had closed 2024 with revenues of almost $2.5 billion. With a strong presence in photovoltaic polysilicon manufacturing including plants in Malaysia, the firm is hopeful that its own polysilicon supply chain will provide it a competitive […]

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Tata Power Rooftop Solar Crosses 1.5L Installations

Tata Power Solar Rooftop has surpassed 1,50,000 rooftop solar installations across India. Meanwhile, the total capacity of its rooftop solar installations nationwide has now reached around 3 GW, the company said today. “With a robust presence in 700 + cities, Tata Power Solar Rooftop, a part of Tata Power Renewable Energy Limited (TPREL), remains at […]

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