Markets & Policy

Hitachi ABB Power Grids India wins Rs 120-crore order

The company has bagged an order from state-run Chittaranjan Locomotive Works to supply transformers for goods and passenger locomotive engines.

Enel joins the Indian solar gold rush

The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the recent, record-setting tender held by SECI, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.

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BP commits $70m to UK-India green growth fund

The fossil fuel company will become a partner in the fund, which invests in clean energy projects.

UK investor NextEnergy acquires 27.4 MWp solar project in Odisha

The plant—constructed and operated by Germany-headquartered IBC Solar Energy—is NextEnergy’s first investment in India as part of its strategy to acquire ready-to-build or operational solar projects across high-growth international markets.

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Delhi lockdown has seen solar irradiation rise

Scientists measuring air pollutants and PV performance in the city have found the lockdown conditions imposed since late March have brought about a significant reduction in air pollution which has led to an 8% increase in solar irradiation reaching rooftop arrays.

India will add just 50 GW of solar in the next five years, according to company bosses

The expected return would leave the nation woefully short of its ambitious 175 GW clean energy target, which was laid down with a 2022 deadline. Chief executives who criticized aggressive clean power auctions said they would like to see more fossil fuel facilities thrown into the mix.

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India needs solar modules worth Rs 15,000 crore annually

The country—which meets over 80% of the solar module demand through imports—can turn the present crisis into an opportunity by ramping up domestic manufacturing with measures like fiscal incentives.

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Prioritising clean energy will be key to economic recovery

Cost savings associated with switching to least-cost energy solutions like wind and solar can be redeployed for economic recovery. At the same time, building resilience on fronts like energy system design and supply-chain management is crucial to deal with unexpected shocks and crises.

Post Covid support required for electric vehicles: FICCI

The industry body has recommended a series of measures including a continuation of FAME II Scheme to 2025, short-term booster incentives for consumers and support for in-house R&D to boost the electric vehicle sector. 

Italy’s Enel scores its first solar win in India

The renewable energy developer—which owns and operates 172 MW of wind capacity in India—has claimed its first solar tender win in the country with a SECI award for 300 MW power.

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