Uma Gupta
India, USA to set up $1 billion renewable infrastructure investment fund
India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.
G20 to pursue tripling of renewable energy capacity globally by 2030
The leaders of G20 nations noted the climate finance requirements of developing countries. They agreed to work towards facilitating low-cost finance for energy transition in developing nations.
Hitachi Energy wins order to support grid integration of 300 MW solar project
Hitachi Energy India has won the contract to provide a grid connection solution for Ayana Renewable Power’s upcoming 300 MW solar photovoltaic power plant in Bikaner, Rajasthan.
NTPC, Chidambaranar Port collaborate to develop green hydrogen hub
NTPC Green Energy Ltd (NGEL) will collaborate with V.O Chidambaranar Port Authority (VOCPA) to develop a green hydrogen hub at VOCPA, Tuticorin, in Tamil Nadu.
Six states account for 60% of EV sales in first eight months of 2023
A new analysis shows sales of electric vehicles (EVs) in India in the first eight months of 2023 has already reached the annual sales volumes for 2022. It also reveals only a handful of states are driving the electric mobility adoption.
Avaada Group to set up green hydrogen, ammonia plant in Odisha
Avaada Group has signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Ltd to establish a green hydrogen and ammonia production unit at Gopalpur Industrial Park in Odisha
Cabinet approves viability gap funding scheme for battery storage development
Through the viability gap funding (VGF) scheme, the Indian government targets the development of 4 GWh of battery energy storage systems (BESS) by 2030-31. The selection of BESS developers for VGF grants will be carried out through a transparent, competitive bidding process.
Jakson Green hits INR 5,000 crore renewable order book within a year
Jakson Green has won utility-scale renewable EPC projects in West African, the Gulf Cooperation Council (GCC), and Commonwealth of Independent States (CIS) countries, in addition to significant solar contracts in Madhya Pradesh and Gujarat.
WattPower launches 10 GW solar inverter factory in India
WattPower has inaugurated a string solar inverter factory with an annual production capacity of 10 GW in Chennai, Tamil Nadu.
REC raises $1.15 billion in syndicated term loans in August
The state-owned power finance company will utilize the proceeds to fund power, infrastructure, and logistics sector projects.
