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World Bank Commits $1 Bn for Battery Storage to Bolster Renewables Globally

Also, the program aims to finance 17.5 GWh of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries. The World Bank Group has committed to investment USD 1 billion for a new global program to ramp up investments in battery storage for energy systems in developing and […]

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Statkraft to Invest $1.2 Bn in Renewable Energy

In order to achieve the target, Statkraft has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Renewable Energy generator, Statkraft in a bid to strengthen its position in the renewable energy industry has planned to invest USD 1.2 billion in the renewable energy segment during the period 2019-2025. In […]

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Safeguarding & Uplifting Indian Sun – Industry Perspective

As Indian Government has laid the ground work for safeguarding the ‘domestic solar photovoltaic module manufacturing industry’ – which seems to be in the back burner for some time. Despite of certain concerns such as safeguarding the interests of manufacturers in SEZs, everybody is waiting, by holding their breath, for the upcoming decision of the […]

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PFC Appoints PK Singh as Director-Commercial

Praveen had been placed as Executive Director- Projects and has worked in multiple units of the Projects division of the firm for over 24 years. State-run power sector lender, Power Finance Corporation (PFC) has appointed Praveen Kumar Singh as Director-Commercial of the company with effect from August 10. Before the director-commercial, Praveen had been placed […]

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Anti-Dumping & Safeguard Duties- A Cloud of Uncertainty Still Remain to be Cleared

Despite a significant move taken by the Indian government a month ago, to promote the power of solar in tackling climate change globally, where, India took centre stage by leading the bunch of nations from across the globe during the International Solar Alliance (ISA) founding ceremony. India, too, is dealing with various bottlenecks on domestic […]

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Tata Power’s CGPL Wins ‘Gold’ at FAME ‘Excellence in Safety’ Awards

The award, given by the Foundation for Accelerated Mass Empowerment (FAME), recognizes industries for implementing best occupational health and safety systems, processes and practices. Tata Power’s wholly owned subsidy in Gujarat, Coastal Gujarat Power (CGPL) won ‘Gold’ at the FAME ‘Excellence of Safety’ awards for  best safety practices and implementing workplace safety norms for the […]

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Safeguard Duty: Manufacturers Back Govt Move; Raise Concerns on Clarity

If SEZ units are not exempted from SGD, it will lead to further job losses and harm the manufacturing ecosystem in India, which is already bleeding: Gyanesh Chaudhary Despite solar manufacturers’ welcomed the government’s move on safeguard duty imposition on solar imports from China and Malaysia, they have raised their concerns as well and want […]

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IESA Welcomes GST Rate Cut on Li-Ion Batteries

The GST Council’s move came after the recognition of the need to enhance the energy storage industry and its related segments. India Energy Storage Alliance (IESA) has welcomed the GST council’s reduction of goods and services tax (GST) for Lithium-Ion Batteries from 28 percent to 18 percent. The GST Council’s move came after the recognition […]

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Delhi Deputy CM Reviews First Green Budget Meeting

The statement on Delhi’s Green Budget meeting further added that, “We are in the process of installing solar panels in roofs of 500 schools of Delhi government, and this project will be completed in nine months.” Delhi’s Deputy Chief Minister Manish Sisodia chaired the first Green Budget review meeting of the state and said that the […]

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