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Solar Production Costs In China Falls By 42% In 2023: Wood Mackenzie

A latest report states that the cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W). This gave manufacturers in the country cost advantage over international rivals according to the New Horizons report from Wood Mackenzie. The report looks at ‘Five low-carbon tech trends […]

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SOFAR Showcases PV & ESS Offering at EnerGaïa 2023 at France

SOFAR showcased its solar and storage solutions covering residential, C&I and utility applications at EnerGaïa concluded at France recently. SOFAR is a global provider of all-scenario PV & ESS solutions, With the European Parliament adopting the power market reform plan in July, the EU utility storage market is expected to usher in an outbreak. In […]

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Sterling & Wilson Renewable Energy Raises INR 1,500 Cr via QIP Route

Sterling & Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of INR 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors, at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1 each […]

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Bangalore EV Startup Exponent Energy Rakes Up $26.4 Mn in Series B Round

A Bangalore-based startup that delves in rapid charging of electric vehicles, Exponent Energy, has pocketed $26.4 million in a Series B round that was led by Eight Roads Ventures. It also entailed a strategic investment from TDK Ventures. Other participants in the Series B round included existing investors such as Lightspeed, YourNest VC, 3one4 Capital, […]

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“700+ Wp Modules Increase Generation By Around 20% Compared To Existing 580-585 Wp Range”: Sarthak Sengupta, Amplus

Sarthak Sengupta, Vice President, Procurement, Amplus, has 17 years of experience in materials management, strategic sourcing, and procurement consulting. During his extensive professional journey, Sarthak has worked for organizations like Hindustan Petroleum Corporation Limited and Blue Star Limited, demonstrating expertise across diverse industries such as electric vehicles, renewable energy (solar, wind, battery storage, EPC), new […]

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Mumbai Gets Renewable Energy Powered Ultra-Fast Charging Station from Audi

Audi, the German luxury car manufacturer, today inaugurated an ultra-fast charging station in Bandra Kurla Complex (BKC), Mumbai. Conceptualized and developed in collaboration with ChargeZone, the ultra-fast charger boasts a total capacity of 450kW, to deliver 360kW of power to an electric vehicle and is enabled by a 500 amps liquid-cooled gun to ensure high […]

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Honeywell to Supply BESS of 124 MWh to US Virgin Islands

Honeywell will supply VIElectron, its first installation of battery energy storage solutions (BESS) for six solar parks located across the US Virgin Islands. The BESS, which is for a capacity of 124 MWh, will boast an end-to-end battery management system (BMS). The solar array of 140 MWDC and BESS will help the islands meet 30% […]

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Ultratech To Increase Its Green Energy Share To 85% By 2030

The $7.9 billion Indian Cement and Ready-Mix Concrete Company–UltraTech Cement Limited today announced its plans to increase the overall share of green energy in its total energy mix to 85 percent by 2030. As an interim target, UltraTech plans to increase its total green energy share threefold from its current 22% to 60% by FY26. […]

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