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Electricity Demand in India to Shrink by 5-6% in FY21 due to COVID: ICRA

With the re-imposition of lockdown restrictions in many parts across the country, the all India electricity demand is likely to decline by 5 to 6% in FY2021 With the re-imposition of lockdown restrictions in many parts across the country, the all India electricity demand is likely to decline by 5 percent to 6 percent in […]

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TN Gets Fresh Influx of Investments in Areas Including Solar Manufacturing

Tamil Nadu has signed eight new MoUs that bring with them investments worth Rs 10,399 crore in areas including solar cells and modules manufacturing. The state government of Tamil Nadu, on July 20, 2020, has announced the signing of eight new Memorandum of Understandings (MoU) that bring with them investments worth Rs 10,399 crore in […]

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NHPC Signs MoU With GEDCOL to Develop Floating Solar Projects in Odisha

NHPC has inked an MoU with GEDCOL to form a JV for developing floating solar energy projects in the state of Odisha with an initial capacity of 500 MW. State-run hydropower giant NHPC has announced that it has inked a Memorandum of Understanding (MoU) with the Green Energy Development Corporation of Odisha Limited (GEDCOL) to […]

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Goldwind Enters Central Asian Market With 100 MW Project in Kazakhstan

Goldwind has been awarded the phase-II 100 MW wind power project in Zhanatas, Kazakhstan, marking the firm’s formal entry in the Central Asian market. In June 2020, Xinjiang Goldwind Science & Technology (Goldwind) – a leading global wind energy company was awarded the phase-II 100 MW wind power project in Zhanatas, Kazakhstan as the Top […]

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Ultra Fast Charging Tech Firm StoreDot Wins BNEF Pioneer Award

Ultra-fast charging technology firm, StoreDot, has been named as a 2020 Bloomberg New Energy Finance (BNEF) Pioneers Winner. Ultra-fast charging pioneer, StoreDot, has been named as a 2020 Bloomberg New Energy Finance (BNEF) Pioneers Winner. The awards recognises companies that are leading the transition to a low-carbon economy through the development of cutting-edge renewable energy products, […]

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CIT Leads Financing for 108 MW Solar Project in North Carolina

The CIT Group’s Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MW Trent River Solar project in North Carolina. The CIT Group has announced that its Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MWdc Trent River solar project […]

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BHEL Tenders for Insurance of two Floating Solar Plants

BHEL has issued a tender for the Marine-Cum-Storage-Cum-Erection (MSE) Insurance of two floating solar plants it is currently developing for NTPC. Bharat Heavy Electricals Limited (BHEL) has issued a tender for the Marine-Cum-Storage-Cum-Erection (MSE) Insurance of two floating solar plants it is currently developing in Simhadri, Andhra Pradesh and Kayamkulam, Kerala for NTPC. At Simahdri, […]

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DGTR Recommends Continuation of Safeguard Duty on Solar Cells

DGTR has recommended the continued imposition of the safeguard duty on import of solar cells for one more year to protect domestic manufacturers The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, has recommended the continued imposition of the safeguard duty on import of solar cells for one more year to protect […]

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Report Forecasts 70 GW of Floating Wind Capacity by 2040

The Carbon Trust has released the latest summary findings from the Floating Wind JIP, forecasting 70 GW of floating wind capacity by 2040. The Carbon Trust has released the latest summary findings from the Floating Wind Joint Industry Project (JIP). The Floating Wind Joint Industry Project – Phase II summary report, outlines floating wind technology challenges prioritised […]

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