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renewable energy

TPREL & Tata Motors Join Hands for 12 MW Solar Project

Tata Power and Tata Motors Limited and Tata Power Renewable Energy Limited (TPREL) have joined hands via a power purchase agreement (PPA) for the development of a new 12 MWp on-site solar project. The plant will be established at the commercial vehicle manufacturing facility of Tata Motors Limited in Pune. TPREL is a firm that []

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IREDA Signs MoUs With Union Bank, Bank of Baroda To Finance RE Projects

The Indian Renewable Energy Development Agency Ltd. (IREDA) has signed Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB) on September 5, 2023.  The central government utility said these agreements would empower IREDA to collaborate with UBI and BoB in co-lending and loan syndication for a wide range of []

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Solar Startup Ellipsol Raises Rs 2.5 cr Seed Funding

Ellipsol, a next-generation solar company developing path-breaking solar energy solutions, has raised rupees 2.5 crore in a seed funding round led by Capital A. The funding round also saw the participation of the Grand Anicut Fund. Other individuals also contributed to the funding round. Ellipsols site, that is yet to open formally, promises 2X the []

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RERC Approves Amended Norms On RE Tariff Determination

The Rajasthan Electricity Regulatory Commission (RERC), in its latest suo motu order, notified the first amendment to the tariff determination regulations for renewable energy. It came after the Commission received responses from the stakeholders over its draft regulation on the issue.  The new regulation has been named RERC (Terms and Conditions for Tariff Determination from Renewable []

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NTPC Invites Bids for Supply of Solar PV Modules for 1.255 GW Khavda Solar Project

NTPC Renewable Energy Limited (NTPC REL), the renewable energy firm of Indias largest energy conglomerate, NTPC Limited, has issued a tender for the supply of solar PV modules for the 1.255 GW Khavda Solar Project in Gujarat.   Manufacturers who are interested will be responsible for transporting 1,584.6 MW of crystalline solar PV bifacial modules with []

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Credence Solar Panels Get BIS Certification Upto 670 MW

Gujarat-based solar module manufacturing company Credence Solar today claimed it received the Bureau of Indian Standards (BIS) certification for its solar panels. The company said that with this certification, Credence Solar became the first Indian solar module manufacturer to get a BIS certification for a capacity of up to 670 MW.   We are thrilled []

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Drop In Solar Costs Put At 3% by IRENA for 2021-22 Period

The International Renewable Energy Agency (IRENA) has published a report into the cost of producing power in 2022, putting the drop in levelised cost of electricity (LCOE) in the solar PV sector at 3% in 2022, and 89% between 2010 and 2022. The findings will be no surprise to industry insiders, considering how the drop []

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Sungrow Reaches 15 GW Order Milestone in Latin America

Sungrow, ranked by some measures as the leading inverter and energy storage system supplier, announced its cumulative PV inverter orders signed in Latin America have reached 15 GW, among which the primary momentum is Brazil with 10 GW, during Intersolar South America on August 29-31, 2023. In addition, the Company introduced several innovations including the new three-phase 220V string []

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Australias Iron Ore Industry Faces Challenges in Decarbonizing Steel

A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) warns that Australias iron ore industry is at risk of losing ground to other countries as they move to meet growing global demand for green iron. The report states that the quality of the ore from Australias primary iron ore-producing region, the Pilbara, mainly []

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