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 ...
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
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
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
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% ...
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 ...
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 ...
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 ...
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, 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 ...
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 ...
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 ...
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 ...
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 ...
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
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 (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 ...
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 ...
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
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 ...
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
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 ...
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 ...
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
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 ...
