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ICRA Predicts 120-125 GW RE Capacity in India by December 2022

ICRA believes that the overall medium to long term outlook for the RE sector remains strong – supported by competitive tariffs, policies and schemes According to ICRA, capacity addition in the renewable energy (RE) sector is expected to remain subdued at about 8 GW in FY2021 given the continued execution challenges amid COVID-19, because of […]

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Shell & Total Still Investing Much More in Fossil Fuels Than RE: IEEFA

While Shell and Total are shifting towards RE technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report While Shell and Total are shifting towards renewable energy (RE) technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report from […]

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Vestas Secures Turbine Orders Worth 191 MW in Vietnam and Japan

Vestas has announced that it has secured three turbine orders worth a combined 191 MW capacity for three projects in Vietnam and Japan. The leading wind turbine manufacturer and supplier in the world – Vestas has announced that it has won three orders worth a combined 191 MW for projects in Vietnam and Japan. The […]

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LAUNCHING- Solis 255K “More Than BIG” on 22nd July 2020

2020 is the year when the photovoltaic industry moves from subsidy to parity, and also the year of great technological change! Since the beginning the year, at least 7 companies have released new PV modules, with the power moving from 500W to 600W+! At the same time the renewable industry in India is witnessing aggressive […]

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Freyr Energy Seeks A Growth Surge With App Launch

Hyderabad based Freyr Energy, which is focused in the rooftop solar sector with a strong presence in the commercial and residential rooftop segments, has set its sights on a larger national presence. To achieve this, the firm has launched a mobile app- SunPro+ exclusively for solar users, that it claims will help potential customers through […]

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12 States and Union Territories Against Electricity Amendment Bill: AIPEF

AIPEF has claimed that as many as 11 states and 1 union territory have opposed many provisions in the proposed draft of the Electricity Amendment Bill 2020. The All India Power Engineers Federation (AIPEF) has claimed that as many as 11 states and one union territory have opposed many provisions in the proposed draft of […]

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CleanMax Receives Financing From GCPF for Southeast Asia Expansion

GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first. The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand […]

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5.5 GW PV Additions in India in FY21; 15% Decline due to COVID-19: ICRA

According to ICRA, the solar PV capacity additions in FY 2020-21 are expected to remain subdued given the continued execution challenges due to COVID-19. The domestic solar PV capacity additions in FY 2019-20 has remained lower by about 15 percent than the previous estimate of 7-7.5 GW, mainly on account of the disruption in supply […]

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Vestas Secures Multiple Orders in Australia, France, Italy and Netherlands

Vestas has signed multiple agreements for projects in Australia, France, Italy, and the Netherlands with a combined capacity of 369 MW. Global wind energy major Vestas has announced the signing of multiple agreements for the supply of wind energy turbines for projects in Australia, France, Italy, and the Netherlands with a combined capacity of 369 […]

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