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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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Odisha Issues Tender For Solar Pumps Under PM-KUSUM Scheme 

The Odisha Renewable Energy Development Agency (OREDA) has now issued a tender seeking suppliers for off-grid solar pumps under the PM-KUSUM scheme. The state agency has sought vendors to install and commission off-grid solar pumps of 1 Horsepower (HP) to 7.5 HP. The agency has asked vendors to submit hard copies of their bids by […]

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Gensol Acquires Majority Stake In Solar Tracker Firm Scorpius

Gensol Engineering has now announced acquiring a majority stake in Scorpius Trackers, a single-axis solar tracker company. In its latest self-disclosure before the Bombay Stock Exchange (BSE), the company has announced the acquisition of  54.38 percent shares of Scorpius and voting rights in the company. Gensol Engineering Limited is a part of the Gensol group of […]

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REC Limited Funding Push Continues With Deals For Serentica, GreenKo

REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late.  REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […]

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Green RTC Power Possible At Rs 6/unit If Green Hydrogen Is Used For Storage: Singh

Union Minister for New & Renewable Energy RK Singh said that round-the-clock (RTC) renewable energy would cost about Rs 6 per unit if Green Hydrogen is used for storage. He was speaking at the Special Ministerial Session of the Fourth International Conference & Exhibition on Clean Energy in New Delhi today. Singh said that the […]

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