India installed 16 GW of solar in first nine months of 2024, says Mercom
The solar addition in the Jan.-Sep. period of 2024 topped all previous nine-month and annual installations.
Adani calls US allegations ‘baseless,’ to seek all possible legal recourse
The Adani Group has termed the US allegations of bribery for solar contracts ‘baseless’ and added that it will seek all possible legal recourse.
Gautam Adani indicted in US for an alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
Datta Infra commits INR 5,000-crore renewable energy investment in Rajasthan
Datta Power Infra has signed a Memorandum of Understanding (MoU) with the government of Rajasthan to invest INR 5,000 crore in setting up 1 GW of wind, solar, and wind-solar hybrid projects in Rajasthan.
ReNew Q2 profit up 31% YoY
ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
The Hydrogen Stream: SECI, H2Global to collaborate on green hydrogen initiatives
The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
Integrating green hydrogen in steel production
Transitioning the steel industry to green hydrogen will be a complex journey, but the groundwork is already being laid. India’s pilot projects, along with sustained investment in renewable energy and hydrogen infrastructure, create a strong foundation for a cleaner future.
Lithuania bans remote Chinese access to solar, wind, storage devices
Lithuania has decided to tighten its cybersecurity laws, banning manufacturers from countries deemed national security threats, including China, from remotely accessing management systems of solar, wind, and storage facilities. The European Solar Manufacturing Council has backed the move.
India expected to hit 132 GW of installed solar capacity by March 2026
ICRA expects India to add 22 GW of new solar power generation capacity in FY 2025 and 27.5 GW in FY 2026, taking its cumulative installed PV capacity to 131.5 GW from 82 GW as of March 31, 2024.
AMPIN, Danish investor CIP expand partnership for renewable energy projects in India
AMPIN Energy Transition and Copenhagen Infrastructure Partners have expanded their existing collaboration with $300 million joint equity investments to enable the addition of 2 GWp of renewable energy projects across India. This new partnership along with the existing one will create a $2.7-3 billion renewable energy asset base in India.
