ACME Solar IPO to open on Wednesday
Acme Solar Holdings has fixed the price band for its public issue at INR 275 to INR 289 per equity share.
India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
NTPC, ONGC to form renewable and new energy joint venture company
This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
NTPC tenders 1.8 GW hybrid wind-solar power projects
NTPC Ltd is accepting bids from hybrid power generators for supply of 1.2 GW of power from wind-solar hybrid power projects with greenshoe option of additional capacity up to 600 MW.
Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects
The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.
EKI Energy Services registers 24.7 MW floating solar project in the voluntary carbon market
The 24.7 MW floating solar project, developed by Greenam Energy for captive usage, is also said to be the first of its kind to be registered under the verified carbon standard (VCS) globally.
AMPIN Energy, Varroc sign PPA for another 27 MWp solar project
With this additional capacity, Varroc’s total contracted solar capacity with AMPIN Energy Transition exceeds 60 MWp.
Servotech launches solar inverters, microinverters and battery storage systems
Servotech Power Systems has launched solar solutions including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters feature maximum power point tracking, built-in WiFi, and reverse power transmission.
