Markets & Policy

European investor EQT and Singapore’s Temasek launch renewable energy JV in India

Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.

GE T&D India wins a Jammu & Kashmir project to help deliver 24/7 power

Under the order worth around Rs 1730 crore, the power transmission and distribution player’s latest supervisory control and data acquisition and advanced distribution management solution technology will help deliver 24×7 reliable power to the people of the twin cities of Jammu and Kashmir.

Engie sells controlling stake in 813 MW Indian solar portfolio

Mumbai investor Edelweiss Group will gain a controlling stake in the generation assets in a deal which Engie says will allow it to reduce its debt by Rs3,160 crore.

DISCOM reforms, access to finance key to solar uptake

Power distribution reforms and scaling up of solar adoption among MSMEs through captive renewable energy policy and comprehensive Credit Guarantee Mechanism are among measures expected from the budget.

Adani rolls out roadmap to become largest renewable power player by 2030

India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.

India’s solar cell and module exports grow 157% in eight months

Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated Rs133,000 lakh from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.

Sterling and Wilson Solar wins Middle East award for utility-scale project

The Mumbai-based solar EPC solutions provider has to its credit 9.2 GWp of solar power projects (commissioned and under construction) globally, including 3.05 GWp in the MENA region.

A clean energy world would support millions of new jobs

A study from Finland’s Lappeenranta University of Technology has predicted solar and other renewables can provide a global energy jobs revolution – just as four European operations revealed recent struggles.

Loom Solar wins the ‘Fastest Growing SMB of the Year’ award at Amazon SMBhav 2020

The monocrystalline solar panel manufacturer aims to reach 100 million customers and achieve Rs 100 crore revenue by FY 2020-21.

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Delta Electronics launches 22KW AC EV charger and 125KW string PV inverter

The wall-mount charger with a high power output of 22 KW AC maximum reduces electric vehicle charging time by up to 70% in comparison to common 7KW AC chargers. The 125 KW string inverter—a cloud-connected three-phase solution—enables cost-efficient decentralized photovoltaic systems for both ground-mounted and large commercial applications.

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