India

Nation is currently most appealing market for renewables: minister Present rise in coal imports ought to not proceed indefinitely

Mumbai-based solar funding platform, Aerem has elevated $2.5 Million in financing in a pre-series round from New Delhi-based capital firm, Blume Ventures. Aerem said it is making every effort to get to 20 million industrial MSMEs. The firm estimated that the marketplace capacity for MSME alone is over $200 billion.

Indian solar importers will no longer be permitted to postpone payment of the nation's standard customs task (BCD) following a new order from tax obligation authorities.

A safe change to net zero exhausts around the world will require countries to expand and also broaden the production of solar modules, whose supply chains are heavily concentrated in China, according to new research from the International Energy Agency (IEA).

Indian energy titan Tata Power has authorized a Memorandum of Understanding (MoU) with the Indian state government of Tamil Nadu to invest roughly INR3,000 crores (US$ 380 million) in setting up a 4GW cell and 4GW module manufacturing facility in the state.

Module producer Vikram Solar has selected Ivan Saha as its new president (CHIEF EXECUTIVE OFFICER) to lead the company's strategic growth plans.

The World Bank has approved US$ 165 million in additional financing to support 450MW of roof solar release in India and also make dispersed generation systems in the nation a lot more economical.

India's Sanvaru is expanding its lithium battery manufacturing capacity to 400 MWh per year by establishing a new factory in the Indian state of Uttarakhand. Its devices are made use of for fixed as well as EV storage.

Unlike the 92 MW Kayamkulam floating solar plant which it displaces from the top perch, the Ramagundam plant is likely to retain its rank all through 2023, as other larger floating projects are still under implementation.

Tata Power Solar Systems Ltd on Saturday claimed it has commissioned a 101.6-MWp solar power plant, called India's biggest floating solar power project.

Tata Power Solar Systems stated it has actually commissioned India's biggest floating PV plant, a 101.6 MWp project in the southern state of Kerala.

India's biggest power producer, State-owned National Thermal Power Corporation (NTPC) has disclosed starting commercial operations on a Kayamkulam Floating Solar PV Project at Kayamkulam, Kerala. It is presently implementing the last part capacity of 35 MW out of the 92 MW project. This makes it India's largest floating solar power plant.

The globe's overall solar capacity will certainly get to 2,044 GW by 2031, with China continuing to blaze a trail in deployment, composing almost fifty percent (47%) of the world's 1,190 GW net solar capacity additions via to 2031, according to study company Fitch Solutions.

Equity returns on hybrid solar and wind projects in India could see a 17% rise in the interior price of return (IRR) by applying a few actions, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).

State-owned utility Gujarat Urja Vikas Nigam Limited (GUVNL) has opened up a 500MW tender for renewable energy coupled with energy storage space systems (ESS) to bring electrical energy to remote, off-grid villages in Gujarat, India.