Unveiling India’s carbon credit revolution: From local initiatives to global impact
The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.
Tata Power to add 9 MWp solar at Tata Motors’ Uttarakhand factory
Tata Power Renewable Energy Ltd will develop an additional 9 MW ground-mount solar plant at Tata Motors’ Pantnagar factory in Uttarakhand, taking the facility’s cumulative PV capacity to 16 MWp.
Sunsure signs solar PPA with Ayurveda major Dabur
Sunsure will establish a solar power plant to supply electricity to Dabur’s factory in Ghaziabad under a 25-year purchase agreement.
Driving renewable energy adoption: Challenges and opportunities
India’s robust economic growth translates to rising demand for energy. This demand provides a substantial market for renewable energy investments, encouraging firms to venture into this sector. However, as the nation marches ahead in RE adoption, it needs to overcome challenges like high capital costs and inadequate grid infrastructure.
ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
AmpIn Energy solar plant starts power supply to JK Cement
AmpIn Energy Transition has started supplying power from its 30 MWp solar plant in Mishrikh, Uttar Pradesh. JK Cement is the offtaker for 10 MWp of the power produced by the plant.
New study claims PV industry is neglecting overirradiance issues
Overirradiance conditions may affect the operating performance of photovoltaic plants, the stability of the electrical grid, and the efficiency of inverters. A research team has warned these effects are currently not being given proper consideration by the solar industry.
Solar sovereignty: India’s path to sustainable independence and green revolution
The Indian government is actively steering the nation towards a sustainable and environmentally-conscious energy future. However, this juncture calls for a strategic alignment of protective measures to ensure their intended outcomes, notably reducing India’s reliance on energy imports and positioning the nation as a global hub for solar manufacturing.
Gensol Engineering’s Q1 FY 2024 revenue surges 47% YoY
Gensol Engineering has posted a 47% year-on-year increase in its revenue to INR 1,517 million ($18.27 million) for the first quarter of fiscal 2023-24.
Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
