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renewable energy in india

PM Modi to Lay Foundation Stone of 600 MW Solar Park in Jhansi, UP

Prime Minister Narendra Modi will lay the foundation stone of a 600 MW solar power park in Uttar Pradesh’s Bundelkhand on Friday as part of his visit to Mahoba and Jhansi districts to launch multiple development projects worth over Rs 6250 crore which are aimed at alleviating issues of water shortage for farmers in the region. […]

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Fortescue Races Ahead With Electrolyser Manufacturing Plans In Australia

Fortescue Future Industries which is building what it claims will be the world’s biggest plant for green hydrogen electrolysers, has confirmed approvals for the same within a month from the Queensland, Australia government. The  Andrew Forrest owned Fortescue may also include a gigawatt scale solar module factory and other production facilities. The facility will have […]

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US Court Exempts Bifacial Module Imports From Tariffs, in Win For SEIA

The US developer driven Solar group, Solar Energy Industries Association (SEIA) has managed to successfully petition the U.S. Court of International Trade (CIT) to reinstate bifacial solar modules’ exemption from the Section 201 tariffs on imported solar modules. The move is a big win for the SEIA which was also joined by major utility developers […]

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Virescent RE Trust Ties-Up INR 2,150 Cr of Debt Financing

Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT), has raised INR 1000 crore in its debut issuance across 3, 5 and 7 year tranches. This transaction marks the first-ever issuance by a renewable energy InvIT in India. The company will primarily use the proceeds to refinance existing debt at the Special Purpose Vehicle […]

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Adani Green’s Q2 Analyst Call Highlights

Adani Green Energy Limited, the main vehicle leading the group’s green energy push as a developer held it’s analyst call on October 29, shortly after its Q2 results were declared. While the results highlighted the strong growth, as well as the closure of the 5 GW SB Energy deal, starting up of PPA’s under the […]

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UK Researchers to Develop Anti-soiling Coating for Solar Modules

Solar experts from Loughborough University have been awarded funding to create a durable and scalable anti-soiling coating for solar modules. Project lead Professor Michael Walls, Professor of Photovoltaics for Power Systems in the university’s Centre for Renewable Energy Systems Technology (CREST), says the three-year-long study, funded by the Engineering and Physical Sciences Research Council (EPSRC), […]

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Suzlon Group Q2 FY22 Results: Rs 12.40 Cr Net Loss

Pune-headquartered renewable energy solutions provider Suzlon Group has announced its second quarter results for the financial year 2021-22 (Q2 FY22). Suzlon reports a net loss of Rs. 12.40 crores. Other key highlights of Suzlon Group Financial Results Q2 FY22 are as follows: Revenue : Rs. 1,346.51 crores EBITDA: Rs. 232.71 crores EBITDA margin: 17.28 % EBIT: Rs.171.45 […]

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JSW Solar, Shirdi Sai Electricals and Reliance Win Solar PLI Allotments

In the end, IREDA’s final list of winners for the Solar PLI (Performance Linked Incentives) scheme threw up no surprises as the bidders with plans for all stages of production and the highest capacity bids of 4 GW walked away with the top 3 allotments. Designed to encourage the setting up of manufacturing capacities for […]

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