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IFC Partners, Axis Bank Partner To Provide $500 Mn Loan In India

The International Finance Corporation (IFC), is making its first blue investment in India in partnership with Axis Bank. IFC entered this partnership with the private sector banks in India to provide a $500 million loan. This initiative also supports the company’s plan to develop a blue finance market and scale up financing of green projects […]

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Assam Issues Its First Standalone BESS Tender For 25 MW

The New and Green Energy of Assam (NGEAL) has now issued its first standalone tender for the development of a 25 MW/100MWh of Battery Energy Storage (BESS) plant in the state. The agency has planned to develop the standalone BESS center at the Kurkurmara 400 KV grid substation in the Kamrup district of Assam. NGEAL […]

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Credence Solar Launches 725Wp TOPCon Solar Modules

Solar module manufacturer Credence Solar has now announced launching 725-watt peak solar modules in TOPCon technology. The company launched its latest nodule at the recently held Renewable Energy Expo (REI) at Greater Noida. It said that it is likely to start the commercial production of the same from December this year. These modules have been […]

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SECI Awards 600 MW Hybrid Project At Tariff Of Rs 3.25/kWh

SECI recently allocated a 600 MW Hybrid Power Project to three companies namely: Juniper Green, ACME And Sembcorp. Among the four bidders, the Renewable Energy Implementing Agency reported the lowest tariff of Rs 3.25/kWh. According to its recent announcement, SECI awarded the project to Juniper Green Energy, ACME Solar Holdings, and Sembcorp Green Infra to […]

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Green Stocks Oct 7: Red Monday For Green Energy Stocks

On a day when the broader market continued to slide, continuing from the losses suffered last week, the small-cap and midcap space, where a majority of green energy stocks reside, suffered heavy losses. That is evident when you see names like Waaree RTL, Shakti Pimps, and SWREL hit the lower circuits. Even heavyweights Tata Power, […]

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Gensol Engineering Appoints Ankit Jain As Chief Financial Officer

Renewable energy company Gensol Engineering Limited today announced the appointment of Ankit Jain as the Chief Financial Officer (CFO). Ankit will be succeeding Jabir Mahendi Aga, who is moving into an expanded leadership role within Gensol Group. Gensol Engineering is an EPC company in the renewable sector with electric mobility portfolio too. Ankit brings over […]

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India’s Clean Tech Capacity To Rise Significantly By 2030: S&P Report

According to Clean Energy Technology research team at S&P Global Commodity Insights, India has introduced various initiatives to enhance domestic manufacturing, aiming to minimize reliance on imported goods and bolster local manufacturing. With these supportive strategies, India’s clean energy technology capacity is projected to rise significantly by 2030, aiming for full self-sufficiency in solar PV […]

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MNRE Issues Revised Standards For PM-KUSUM Scheme

The Ministry of New and Renewable Energy (MNRE) recently updated its standards and specifications for solar photovoltaic (SPV) systems under the PM-KUSUM scheme. The government proposed to update the standards and specifications to include new technology and improve eqiopment used in such projects. The government has sought recommendations from the stakeholders till October 31, 2024. […]

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Top 5: Battery Energy Storage Projects Commissioned in India

Battery energy storage systems (BESS) have solved a key challenge for renewable energy, addressing the fluctuating nature of sources like solar and wind. Globally, new solar and wind projects are now integrating modern energy storage systems to ensure a reliable energy supply. Countries like China, the US, and Australia are rapidly expanding their energy storage […]

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