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Azure Power chief executive officer abruptly resigns

Rewa Ultra Mega's SOlar Ltd (RUMSL)- a joint venture in between SECI as well as MUVN, that is to create 300 MW floating solar project at the Omkar Reservoir at Madhya Pradesh has been oversubscribed. The oversubscription is by 700 MW. The cumulative capacity of the project is 600 MW.

The MNRE has invited proposals for high-efficiency perovskite solar cells, solar panel recycling, hybrid inverters and new applications that combine solar and storage, among others.

With India’s power minister hinting that a new renewable energy tariff policy could be in the works, the federal agency responsible for solar has started boasting about the volume of clean power it has in the pipeline.

PV plants should have a minimum generation capacity of 50 MW (Air Conditioning) and offer power at a maximum price of Rs5/kWh.

Ryse Energy, a professional in decentralised renewable resource systems, has actually raised USD 15 million (EUR 13.7 m) in a growth funding round led by RWE Energy Transition Investments, an investment vehicle of the energy trading arm of German energy team RWE AG (ETR: RWE).

SJVN wins contract to install 1.2 GW solar parks across India & 200 MW in Punjab. The projects will be developed on BOO basis with 25-year PPA. An estimated cost of INR 70 billion with completion by Dec 2024. SJVN aiming for 25 GW of renewable energy capacity by the end of the decade.

NTPC Renewable Energy Limited wins 80 MW floating solar project in Madhya Pradesh with low cost of INR 3.80 kWh. MP government to bear cost of battery energy storage system of INR 30 million for sustainable, clean and affordable energy supply.

The brand-new Union Budget for 2021 has actually drawn in favorable reactions from sectors and the securities market alike, appreciating the federal government's effort to revitalize the economic climate.

Lohum Cleantech, the lithium-ion battery manufacturer and recycler based in New Delhi, is intending to spend around 250 crores in the following 3 years in the direction of increasing its manufacturing capacity, which presently stands at 300 MWh of batteries each year as well as 200-250 units a day, with goals to at some point venture right into the manufacturing of batteries for four-wheeler electrical vehicles.

Freyr Energy, a solar rooftop business based in Hyderabad, introduced yesterday that it has actually safeguarded an equity financial investment of Rs 18 crore from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and also C4D Partners.

Renewables are readied to make up 70% of international financial investment in new power generation capacity this year with solar PV leading the development, but investing on clean energy have to increase much more swiftly if the world is to fulfill its environment objectives.

Asia's leading advancement sponsor may think about sustaining the setting up of PV manufacturing past China, in a proposal to minimise the dependence on Beijing laid bare by the COVID-19 dilemma.

The cancellation notes the biggest pushback to a solar project in the United States till date. Local resistance to projects is not distinct to the United States, and is a concern in higher population locations like India as well.

Significant auto component suppliers entering the battery production space shd be good news for India's aspirations. This is among the earliest at scale endeavors encouraging grid scale batteries too, timed well with a raising passion in the choice in India.