ISA Assembly approves payment guarantee mechanism for solar projects in Africa
The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.
EKI Energy, ICAM launch $125 million climate impact fund
EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.
Employment in distributed renewable energy sector
A new report by Power For All says the commercial and industrial (C&I) sector will be a significant driver of job growth in the Indian distributed renewable energy sector in the next few years.
Husk Power Systems secures $6 million from EU-funded EDFI ElectriFI
Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India. The renewables services provider already owns and operates more than 120 microgrids in India.
Making India a manufacturing hub for solar-based, decentralized energy products
A new report by GOGLA highlights the opportunities and challenges in establishing local manufacturing and assembly of solar-based decentralized energy solutions in India. It also explores the actions needed to maximize available opportunities.
Maharashtra tenders 600 MW of distributed solar
Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) has started accepting bids to develop grid-connected, ground-mounted solar plants, ranging in size from 2 MW to 10 MW, at six sites in Maharashtra. Bidding closes on Oct. 19.
Solar pumps under PM KUSUM have added 691.4 MW of PV capacity
The government’s PM KUSUM Scheme supports farmers in installing standalone solar pumps and solarizing existing grid-connected agriculture pumps.
TERI, REMC sign MoU on renewables
Under the agreement, The Energy and Resources Institute (TERI) will provide research and technical know-how to support Indian Railways in its renewable energy and energy-efficiency projects.
TERI draws up roadmap to India’s 2030 renewable energy goal
A new report by The Energy and Resources Institute (TERI) examines the challenges before India in achieving its ambitious target of having 500 GW non-fossil fuel capacity and meeting 50% of its energy requirements from renewables by 2030. It also discusses feasible pathways for achieving these.
Jharkhand to install 4 GW of solar power generation capacity in five years
Under the Solar Energy Policy 2022, the Indian state tagets installing about 3 GW of utility-scale solar, 720 MW of distributed generation, and 280 MW off-grid capacity from fiscal 2022-23 to 2026-27.
