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PM Surya Ghar: MNRE Issues Norms For Projects Under RESCO

The Ministry of New and Renewable Energy (MNRE) has now come up with its operational guidelines to implement the PM Surya Ghar scheme under the RESCO model. The new norms talk about the Payment Security Mechanism and disbursement of central subsidies under the regime. Under the RESCO model, renewable energy usually takes up the onus […]

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Servotech Secures Rs. 31 Cr Order To Supply 1100 Agriculture Pumps To UPNEDA

Delhi-based Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.), a solar solutions and EV Charger manufacturer has secured an order approx. 1100 Grid-connected Agriculture Pumps under “KUSUM Component C-1 Scheme” from Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA), Govt. of Uttar Pradesh. The project valued at around 31 Crores […]

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Khavda Adds Another 62.4 MW Wind For Hybrid Project From Adani

Continuing its momentum to add more renewable energy projects, Adani Green Energy’s (AGEL) step-down subsidiary, Adani Renewable Energy Forty Eight Limited recently commissioned a 62.4 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. Khavda is expected to see a string of projects over the next two years as it moves towards […]

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Gensol EV To Showcase Its First EV Model At Bharat Mobility Expo

Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Limited, today announced its plans to showcase its first-ever compact electric vehicle, EZIO. The company will present its upcoming model at the Bharat Mobility Global Expo 2025, scheduled to take place from January 17 to January 22, 2025, at Bharat Mandapam, New Delhi. Gensol […]

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ACME’s Subsidiary Secures Rs. 1,988 Cr Financing From PFC

ACME Renewtech Private Limited, a subsidiary of Haryana-based ACME Solar Holdings (ACME Solar) recently secured Rs. 1,988 crore term loan financing from Power Finance Corporation (PFC).  This financing will fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project will be located in high-resource potential areas, with solar capacity […]

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China’s Polysilicon Leaders Announce Production Cuts To Arrest Low Prices

Tongwei Group and Daqo New Energy, two of the world’s largest, and China’s largest producers of solar grade polysilicon materials, have announced a cutback on production of high-purity polysilicon amid falling prices and financial losses. The firms ended H1 of 2024 with significant losses from their operations, and in likelihood, H2 has been no better. […]

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SJVN Green Invites Bids For 1.352 GW PM-KUSUM Comp-C Project In Maharashtra

As part of its efforts to increase the implementation of feeder-level solarization under Component-C of PM-KUSUM, SJVN subsidiary SJVN Green has now released a tender to install 1,352 MW capacity through solar power projects across 102 locations in four districts of Maharashtra. These districts are Pune, Nashik, Ahmednagar, and Solapur. SJVN Green is accepting bids […]

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Electricity Costs: India’s Lowest and Most Expensive States, The Global Picture

A lot of factors influence the per unit electricity costs in a country. The prices are heavily influenced by factors that include the country’s geographical location, geological makeup, level of development and technological advancement, and whether it is a high-, middle-, or low-income nation.  The rise of renewable power through the recent decades has also […]

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