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Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC

Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […]

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Gujarat Releases Draft Renewable Energy Policy-2023 with Focus on Wind-Solar Hybrid Technologies

The Government of Gujarat has notified the Renewable Energy Policy-2023 for further encouraging setting up of renewable generation projects based on wind, solar and wind-solar hybrid technologies. The policy will come into effect from the date of notification and shall remain in operation up to June 2028 or till notification of the new policy, whichever […]

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EIB’s €200 Million Loan To CTP To Finance Its Ambitious Solar Energy Roll-Out

European renewable energy conglomerate CTP has announced that it has secured €200 million in financing from the European Investment Bank (EIB) for the roll-out of its large-scale programme of solar panel installation across its European business park portfolio. CTP is Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable […]

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Shanghai Electric Firm Secures RMB400 Million Towards Energy Storage Business

Shanghai Electric Energy Storage Technology, the energy storage subsidiary of Shanghai Electric has announced that it has received RMB400 million in Series A financing that will be used to inject added vitality into the development of its energy storage business. Shanghai Electric will focus on promoting the research and development of new systems, promoting its […]

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RE+ Las Vegas- Solar Shines Brightest In the US

At the recently concluded RE+ show in the US, the largest such show for renewable energy, particularly solar in that country, the response was massive. That is understandable, considering the fact that the US is well on its way to having a blockbuster 2023 in terms of new solar capacity additions. 32 GW is set […]

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Trina Solar To Set Up US Plant To Hedge Against Tariff Risks

Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend USD200 million on a solar panel plant in Texas, the United States. The move comes even as Chinese firms remain embroiled in tariff related issues for sales in the US, a key export market.  Earlier, Trina has also […]

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