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.
Aerocompact launches high-elevation mounting system for rooftop PV
Portuguese startup Solarud has unveiled the next generation of its water-draining device for PV panels with low, sloping inclines. The new design avoids clogs caused by sand and dust, in nano and customized versions that fit installations and modules of different sizes.
SJVN signs 1 GW floating solar deal with Assam government
SJVN’s green energy arm and Assam Power Distribution Co. Ltd have agreed to develop 1 GW of floating solar project in Assam through a joint venture.
Torrent Group commits $7.28 billion renewables investment in Rajasthan
The Group will invest more than INR 60,000 crore ($7.28 billion) in setting up renewable energy projects, including green hydrogen, in the Indian state of Rajasthan.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
Coal India to set up 1.19 GW solar project in Rajasthan
The state-owned coal miner has signed a deal to set up the project in Rajasthan Vidyut Utpadan Nigam Ltd’s 2 GW solar power park in Bikaner. The estimated cost of the solar project is INR 8,000 crore ($974 million).
Pennar Industries secures 625 MW DC solar project from NTPC REL
The Hyderabad-based diversified engineering firm has won an INR 1,167 crore ($141.64 million) contract to install, commission, and provide three-year operation and maintenance support for a 625 MW DC solar project in Rajasthan.
India expected to annually deploy 35-40 GW of renewables until FY2029-30 end
Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.
Tata Power to develop 7 MW solar project for Tata Motors
Tata Power will build the captive solar project for Tata Motors’ Pantnagar manufacturing facility in Uttarakhand.
Sterling and Wilson wins $268.75 million solar order from NTPC REL
Sterling and Wilson Renewable Energy has secured the contract to install, commission, and provide three-year operation and maintenance support for a 1,255 MW AC (1,568 MW DC) solar PV project in Gujarat.
