Corporate funding for battery storage up 75%
Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.
Manufacturing a green solar bounce in India
The nation must look at innovative PV technologies that are low-cost and can be applied in a vast range of new applications.
NHPC mulling 600 MW solar park in Deoria, Uttar Pradesh
The state-owned hydropower producer recently met PV developers represented by the National Solar Energy Federation of India to discuss the project’s technical feasibility on an island.
One-month bidding extension for 100 MW solar-plus-storage in Chattisgarh
Bidders now have until November 27 to submit bids for developing the ground-mounted, grid-connected project in turnkey mode.
Indexed renewable energy tariffs could save discoms up to INR 21,880 crore over five years
A joint report by the Institute for Energy Economics and Financial Analysis (Ieefa) and the CEEW-Centre for Energy Finance (CEF) has recommended indexed tariff structure over flat rate for future renewable capacity, with front-ending tariffs as low as INR 2/kWh, to ease near-term financial pressure on discoms.
PV module innovations to lower solar costs in coming decade
A new report by Wood Mackenzie suggests that rapid solar module technology innovations in the next decade will lead to significant increases in module power class, better performance and more versatile applications. Technology and lower capex will be key to sector growth, it adds.
Pune bus depots to get solar roofs
Developers have until November 18 to lodge bids to install 10 MW of rooftop generation capacity across bus depots, workshops, and charging stations.
IndianOil turns to gas, not green hydrogen, to reduce Delhi bus emissions
The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.
Borosil Renewables records 65% YoY revenue increase for first half
The Indian solar glass maker posts revenue of INR 168.16 crore for the first half of FY2020-21, generating profits (after tax) of INR 12.19 crore.
Ministry drafts policy for rural solar appliance roll-out
The Ministry of New and Renewable Energy is eager to ramp up deployment of solar-powered dryers, cold storage and charkhas across the nation’s 600,000 villages.
