Uma Gupta
Adani Green Energy raises INR 612 crore for debt refinancing
The developer’s three arms, which collectively have 930 MW of operational solar power projects, have raised INR 612.30 crore (US$81.96 million) through their maiden domestic bond issuance. The proceeds will be utilized to part-refinance existing rupee term loan bearing higher interest cost.
India’s annual lithium battery market will reach 116 GWh in eight years
The annual demand for lithium-ion batteries in India will reach 116 GWh in FY 2029-30, with electric vehicles (EVs) accounting for 90%.
Scatec and Acme put their 900 MW Rajasthan solar project on hold
Norway’s Scatec, which has a 50% stake in Acme’s 900 MW solar project in Rajasthan, cited a lack of domestic solar panel supply and the 40% import duty on solar panels effective from April as the reasons for putting the PV project on hold.
Rajasthan to create geo mapping-based data bank for renewable energy projects
The move is aimed at identifying chunks of land for solar plants and solar parks as the State government looks into the possibility of developing more capacity in the state and further increasing its ‘37.5 GW by 2024-25’ renewable energy generation target.
Tata Power to deploy electric vehicle charging stations at Apollo Tyres retail outlets
Tata Power has signed the deal to set up electric vehicle (EV) charging stations at Apollo Tyres’ 150 branded retail outlets. In addition to the customers visiting these tyre retail outlets, the charging stations would be open for use by the general public as well.
With green bonds push, the sun continues to shine for renewable energy financing in India
With the issuance of sovereign green bonds, several global investors will be interested in taking exposure to the Indian renewable energy market that is brimming with opportunities in hybrid, storage, round-the-clock, and rooftop solar projects.
Dalmia Cement expands solar plant capacity to 17.1 MW
The cement manufacturer has added 14.7 MW of ground-mounted solar power plant to supply green energy to Kaplias Cement Works plant in the Cuttack district of Odisha.
Maharashtra tenders 865 MW of distributed solar
Bidders have until February 28 to lodge their interest in developing grid-connected, ground-mounted solar plants in sizes of 2-10 MW in various districts of Maharashtra. The ceiling tariff is fixed at INR 3.10/kWh.
Union Budget targets domestic production with 40% solar import duty and boost to manufacturing-linked incentive
The budget presented today by finance minister Nirmala Sitharaman allocates an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar and notifies basic customs duty of 40% on foreign-made solar modules and 25% on cells, from April.
Sungrow signs inverter supply contract for 75 MW of solar projects in Uttar Pradesh
The Chinese manufacturer will supply its 3.125 MW central inverter solution SG3125HV for the 75 MW solar power project being set up by state-owned hydropower producer SJVN Limited.
