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ACME Sun Power Secures Rs.3,753 Crore Loan From REC For FDRE Projects

ACME Solar Holdings’ subsidiary, ACME Sun Power Private Limited, has secured a Rs. 3,753 crore term loan from REC Limited. This financing is extended to support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. The Gurugram-based company’s recent project are planned to be located […]

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How Carbon Market Boost At COP29 Can Bolster Indian RE Sector?

After a long wait, global leaders have approved the standards for an international carbon market at the latest COP20 at Baku in Ajerbaijan. The United Nations Framework Convention on Climate Change (UNFCCC) announced this significant development in an official release. The new UN-backed global carbon credit market is set to pave the way for increased […]

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India’s RE Investment Hits USD 12.4 Bn, Falls Short of 2030 Target: Report

India’s renewable energy investment has grown to USD 12.4 billion in 2023, up from 2020. However, investment remains far below the estimated USD 200 billion required to achieve India’s goal of 500 GW of non-fossil fuel electricity capacity by 2030. According to the Zero Carbon Analytics report’s findings, to meet the 500 GW of non-fossil […]

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Inox Wind Gets 87 MW Order From Continuum For Its 3MW WTGs

Inox Wind Limited (IWL) today announced it has received a repeat order for 87 MW from Continuum Green Energy Private Ltd. (Continuum), a renewable energy company, having expertise in Commercial and industrial (C&I) projects. This repeat order is for Inox Wind’s 3 MW Wind Turbine Generators (WTGs). The project will be executed on an end-to-end […]

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Datta Power Plans To Bid For PSPs, Hydro Projects Soon

Renewable energy company Datta Power Infra is now all set to jump onto the bandwagon of developing Pumped Storage Projects (PSPs) and hydro projects. The top management of the firm said that it is likely to bid for these projects from the next quarter. The company recently won a tender from NTPC for a 700 […]

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Why Struggling Indian Solar Glass Firms See A Ray Of Hope

Indian solar glass manufacturers, who were adversely impacted by the alleged dumping of cheap solar glass from countries like China and Vietnam, are now seeing some relief. An investigation by the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, found significant negative effects on Indian solar glass makers due to the influx […]

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Bihar Issues Tender For Solarisizing Feeders Under RESCO Mode

The Bihar government has issued a tender inviting solar project developers to accelerate the solarisation of agricultural feeders under Component C2 of the PM-KUSUM scheme. The initiative will be implemented using the RESCO (Renewable Energy Service Company) model, in line with the state’s earlier plans. The tender was released by the Bihar State Power Generation […]

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Indian Solar Module Exports Surged 23 Times Since FY22: IEEFA Report

India is making significant progress in transitioning from a net importer to a net exporter of solar products. In Fiscal Year (FY) 2024, Indian solar manufacturers exported approximately US$2 billion worth of solar modules. The solar module export value of PV modules from India increased by more than 23 times in just two years between […]

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Hexa Climate, ACME And Avaada Energy Secure NTPC’s FDRE Tender

NTPC Limited has now declared Hexa Climate Solutions, ACME Solar Holdings, and Avaada Energy as the winners of its 1,200 MW Firm and Dispatchable Renewable Energy (FDRE) auction. The tender for this project was issued in June this year, and the results were released within four months. In this  tender, out of the 1.2 GW, […]

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