SECI Floats Tender for 50 MW of Rooftop Solar Systems on Government Buildings

SECI Floats Tender for 50 MW of Rooftop Solar Systems on Government Buildings

Solar Energy Corporation of India (SECI) has invited bids to empanel developers for setting up 50 MW of grid-connected rooftop solar systems on government buildings under the renewable energy service ...
/ / Solar, Tenders & Auctions
Tranche II of Production-Linked Incentive Program for Solar Modules Gets Cabinet Nod

Tranche II of Production-Linked Incentive Program for Solar Modules Gets Cabinet Nod

The Union Cabinet has approved the Ministry of New & Renewable Energy’s (MNRE) proposal for the implementation of the second phase (Tranche II) of the Production Linked Incentive (PLI) program ...
Virtual and Group Net Metering Critical to Achieve India's Rooftop Solar Target

Virtual and Group Net Metering Critical to Achieve India’s Rooftop Solar Target

Ground-mounted utility-scale solar installations have witnessed exponential growth in the last eight years, but rooftop solar has not quite taken off despite potential benefits to consumers. The lack of effort ...
A Decarbonized Global Energy System by 2050 Could Result in Savings of $12 Trillion

A Decarbonized Global Energy System by 2050 Could Result in Savings of $12 Trillion

Transitioning to a decarbonized energy system by around 2050 will save the world at least $12 trillion compared to continuing our current levels of fossil fuel use, according to a ...
FDI Inflow Into India’s Renewable Energy Sector Surged 269% YoY in Q1 FY 2023

FDI Inflow Into India’s Renewable Energy Sector Surged 269% YoY in Q1 FY 2023

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $949.45 million (₹75,555 million) in the first quarter (Q1) of the financial year (FY) 2022-23, an increase of 269% ...
/ / Finance and M&A, Other
Seci Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

SECI Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

Solar Energy Corporation of India (SECI) has invited bids for the supply of 2.25 GW of round-the-clock (RTC) power from interstate transmission system (ISTS)-connected renewable power projects complemented with power ...
/ / Other, Tenders and Auctions
First Solar to Invest $1.2 Billion to Scale Production of US-Made Solar PV Modules

First Solar to Invest $1.2 Billion to Scale Production of US-Made Solar PV Modules

U.S.-based solar module manufacturer First Solar has announced an investment of $1.2 billion to scale the production of American-made, responsibly-produced photovoltaic (PV) solar modules totaling 4.4 GW, to support the ...
/ / Other, Renewable Energy
Tata Motors Signs PPA with Tata Power to Develop 7.25 MW Onsite Solar Project

Tata Motors Signs PPA with Tata Power to Develop 7.25 MW Onsite Solar Project

Tata Motors inked a power purchase agreement (PPA) with Tata Power to develop a 7.25 MW onsite solar project at its commercial vehicle manufacturing unit in Jamshedpur. With the signing ...
/ / Press Releases, Solar
India Adds over 845 MW of Rooftop Solar in First Half of 2022

India Adds Over 845 MW of Rooftop Solar in First Half of 2022

India installed over 389 MW of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, a decline of 15% compared to 456 MW installed in ...
Oriano Commissions 70 MW Captive Solar Project for Hira Group in Chhattisgarh

Oriano Commissions 70 MW Captive Solar Project for Hira Group in Chhattisgarh

Oriano, a solar engineering, procurement, and construction (EPC) services provider, commissioned a 70 MW captive solar power project at Kakrel, Nawagaon, and Baigatola villages of Rajnandgaon district in Chhattisgarh for ...
/ / Markets & Policy, Solar
Norway’s Climate Investment Fund to Acquire 49% Stake in 420 MW Solar Project in Rajasthan

Norway’s Climate Investment Fund to Acquire 49% Stake in 420 MW Solar Project in Rajasthan

Norwegian Climate Investment Fund, managed by development and finance institution Norfund and Norway’s largest pension Fund KLP, signed an agreement to acquire a 49% stake in a 420 MW solar ...
/ / Finance and M&A, Solar
GOGLA Seeks Consultants to Study Solar Lantern and Solar Home System Market in India

GOGLA Seeks Consultants to Study Solar Lantern and Solar Home System Market in India

Global Off-Grid Lighting Association (GOGLA) has invited bids from consultants to study the solar lantern and solar home system market in India. The consultants will have to study the Bangladesh ...
/ / Off-grid, Solar
Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10 (~$0.125) each at ...
/ / Finance and M&A, Other
Solar Energy-Focused Tech Startup Renkube Raises ₹24 Million in Seed Round

Solar Energy-Focused Tech Startup Renkube Raises ₹24 Million in Seed Round

Solar Energy-focused deep tech startup Renkube has secured ₹24 million (~$300,000) in a seed round led by CIIE.CO, a startup incubator established by IIM Ahmedabad. JITO Angel Network and K4 ...
/ / Finance and M&A, Solar
India Adds over 7 GW of Solar in a Record First Half of 2022

India Adds Over 7 GW of Solar in a Record First Half of 2022

India installed over 3.9 GW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 18% compared to 3.3 GW installed in the ...
EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

Electric vehicle (EV) charging startup Exponent Energy secured $13 million in its Series A funding round. The funding round led by Lightspeed Venture Partners saw participation from existing investors like ...
Kinetic Engineering to Form ₹250 Million Electric Vehicle Subsidiary

Kinetic Engineering to Form ₹250 Million Electric Vehicle Subsidiary

Kinetic Engineering (KEL), the flagship company of the Kinetic Group, announced the formation of a subsidiary company focusing on the electric vehicle (EV) segment. The company will own more than ...
/ / Electric Vehicles, Grid
India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

The Union Cabinet has approved the Nationally Determined Contribution (NDC) as part of the global response toward climate change goals as agreed under the Paris Agreement. The NDC will be ...
/ / Other, Renewable Energy
India's Solar Power Generation Up by 34% YoY in 1H 2022

India’s Solar Power Generation Up by 34% YoY in 1H 2022

India generated 47.64 BU of solar power in the first half (1H) of the calendar year (CY) 2022, an increase of 34% compared to the same period last year. Solar ...
Applications Invited for Training Partners Under Wind Energy Skill Development Program

Applications Invited for Training Partners Under Wind Energy Skill Development Program

The National Institute of Wind Energy (NIWE) is inviting applications from institutions interested in becoming training partners to impart training under Vayumitra Skill Development Program (VSDP) for the financial year ...
/ / Tenders & Auctions, Wind
India added 430 MW of Wind Capacity in Q2 2022

India added 430 MW of Wind Capacity in Q2 2022

India added 430.45 MW of wind power capacity in the second quarter (Q2) of 2022, a 57% quarter-over-quarter (QoQ) increase compared to 275 MW installed in Q1 2022. The cumulative ...
Vertical Integration of Manufacturing Key to Solar Sector Growth

Vertical Integration of Manufacturing Key to Solar Sector Growth

To meet the ambitious target of 280 GW by 2030, India must install 27 GW of capacity annually until 2030. Currently, India has a module manufacturing capacity of 24 GW ...
/ / Markets & Policy, Solar
Renewable Energy a Top Priority for the Government, Says Bhagwanth Khuba

Renewable Energy a Top Priority for the Government, Says Bhagwanth Khuba

The government has made strong commitments to scale renewables, especially solar. Renewable energy is a top priority for the government, said Minister of State for New and Renewable Energy Bhagwanth ...
/ / Other, Renewable Energy
Exide to Procure 80 Acres of Land in Bengaluru to Set Up Lithium-Ion Gigafactory

Exide to Procure 80 Acres of Land in Bengaluru to Set Up Lithium-Ion Gigafactory

Exide Energy Solutions, a wholly owned subsidiary of Exide Industries, has signed a lease-cum-sale agreement with Karnataka Industrial Area Development Board (KIADB) to procure an 80-acre land parcel at Hitech ...
Yarn Maker Filatex India Inks Pact to Source Power from Wind-Solar Hybrid Project

Yarn Maker Filatex India Inks Pact to Source Power from Wind-Solar Hybrid Project

Filatex India, a polyester filament yarn manufacturer, has entered into agreements with 100% subsidiaries of distributed solar company Fourth Partner Energy to procure renewable energy from the latter’s hybrid wind-solar ...
/ / Other, Solar