Borosil Renewables posts a 74.3% y-o-y revenue growth in first nine months
The Indian solar glass manufacturer reported net revenue of around INR 300 crore during the current fiscal’s nine months ended December 2020, with the best-ever quarterly earnings of INR 140 crore coming from the third quarter.
UN calls on Bangladesh to put renewables first
As it prepares to lift the nation out of its list of the world’s least developed countries, the supranational body said the country should turn its back on coal and other fossil fuels.
Modular lift system for solar panels
Altrex, a scaffolding and ladder producer in the Netherlands, has developed a new modular lift solution for solar panels. The system can raise one solar panel at a time and can be operated by a single installer using nothing other than a cordless drill, the company claims.
Cabinet approves India, France MoU on renewable energy
The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.
Indian trough highlighted by Chinese solar glassmaker
Xinyi Solar has posted bullish annual figures on the back of an astonishing rebound in the global market following Covid travails at the start of 2020. There is one national market, however, which has not been invited to the party.
Siemens completes the acquisition of C&S Electric in India
Siemens has acquired C&S Electric’s around 99.22% equity share capital for INR 2,100 crore. The acquisition will allow it to address the rising demand for low-voltage power distribution solutions in India. Apart from gaining easy access to the Indian market, the transaction also aims to create an export hub.
Sterling and Wilson partners Enel X to enter EV charging infrastructure
Under the joint venture, Sterling and Wilson will provide end-to-end services for electric vehicle charging stations across India.
Ieefa proposes a three-pronged approach for grid firming
A new report discusses battery storage, green hydrogen, and flexible coal-fired power generation as key grid firming options for India as solar and wind are poised to form 51% of the nation’s total installed generation capacity by 2030.
ReNew Power to merge with US firm for NASDAQ listing
Proceeds from the transaction with RMG Acquisition will be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity and to reduce debt.
Essar Power to set up 90 MW solar plant in Madhya Pradesh
The private power producer will set up the proposed solar plant in the Datia district in two parts of 33.7 MW and 56.17 MW. The project is expected to be completed by June 2022.
