Coal India sets up renewable energy JV with RRVUNL in Rajasthan
The joint venture company, CIL Rajasthan Akshay Urja Ltd, will develop, construct, and operate solar, wind, pumped storage, and other renewable energy projects. The power generated will be sold to Rajasthan Rajya Vidyut Utpadan Nigam Ltd under Section 62 of the Electricity Act, 2003, or to other eligible entities.
Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
Power ministry announces INR 5,400 crore viability gap funding to support 30 GWh BESS development
The scheme will extend financial support to 15 states and NTPC, with INR 18 lakh per MWh allocated for each project. Of the total 30 GWh target, 25 GWh will be distributed among 15 states to meet their energy storage needs, while 5 GWh will be allocated to NTPC.
Solar wafer prices decline 22.78% since April peak
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
India’s solar backbone can’t be outsourced: A case for secure, homegrown inverters
In a world where electricity defines sovereignty, allowing foreign-made devices to sit at the core of India’s solar infrastructure is nothing short of national negligence. In today’s age, power is not just electricity—it is sovereignty. We cannot afford blackout-level vulnerabilities induced by foreign-made solar inverter hardware with security loopholes.
Waaree Energies launches Indosolar offer for sale
The offer for sale (OFS) opens for non-retail investors on June 5 and continues on June 6 for retail investors and unallocated non-retail bids. The floor price for the OFS has been set at INR 10 per equity share.
Solar energy firms face over 2,700 compliance obligations: TeamLease Regtech
A new report by TeamLease Regtech states that a standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique regulatory obligations and 2,735 total compliance instances in a year.
Sunnova subsidiary files for bankruptcy protection
The residential solar company has been in a downturn for more than a year, with earnings misses, layoffs, changes in leadership and cancellation of a $3 billion loan guarantee.
Vikram Solar gets SEBI nod for IPO
Vikram Solar plans to use the net proceeds to partly fund the establishment of an integrated 3 GW solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu, and to expand the solar module capacity at the same site from 3 GW to 6 GW. A portion of the funds will also be allocated for general corporate purposes.
Tariffs could drive US solar, storage costs up 50%
A recent Wood Mackenzie report examines two possible tariff scenarios and concludes that costs will skyrocket for both utility-scale solar development and battery energy storage systems.
