Markets & Policy

REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.

Renuka Sharma, who previously served as the managing director of BayWa r.e. Thailand, is now BayWa r.e.’s energy solutions business director for the Asia-Pacific (APAC) region.

IEA PVPS has published its new “Snapshot of Global PV Markets 2024” report, highlighting key insights and trends. Despite record installations, concerns over profitability and manufacturing dynamics persist, underscoring the need for strategic interventions and policy support to navigate towards a resilient and sustainable PV ecosystem.

The International Solar Alliance (ISA) and the government of Uganda recently discussed accelerating the solar mini-grid project to address Uganda’s energy access challenge and advancing the solar water pumping project under the India, Brazil, and South Africa (IBSA) Fund. New areas of cooperation, such as establishing a Solar Technology and Application Resource Centre (STAR-C), were also explored.

The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for rooftop solar PV installations up to 3 kW, as well as extend support for installations ranging from 3 to 10 kW under the regular scheme.

Premier Energies has filed draft papers with SEBI for its initial public offering (IPO). The company intends to utilize INR 1,168 crore of the IPO proceeds to fund the setting up of its 4 GW TOPCon solar cell-and-module manufacturing facility and the balance towards general corporate purposes.

Sterling and Wilson Renewable Energy has reported consolidated revenue of INR 3,035 crore in FY 2024, 51% up year-on-year. The company’s unexecuted order book surpassed INR 8,000 crore.

Green credits offer a vital mechanism for incentivizing environmentally positive actions beyond just corporations, involving individuals and communities. By providing tangible benefits for sustainable practices, such as renewable energy adoption and conservation efforts, green credits engage the public at large, fostering widespread participation in combating climate change.

Indus Towers has signed a memorandum of understanding with NTPC Green Energy Ltd (NGEL) to explore joint development of grid-connected renewable energy based power projects including solar, wind, energy storage, etc.

The European Investment Bank (EIB) has agreed to lend €150 million ($160.2 million) for renewables in Bhutan, in order to fund solar and hydropower installations in remote regions. Solar facilities are expected to reduce Bhutan’s reliance on energy imports during the dry months of the year and diversify the nation’s electricity mix.