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Finance

States must plan now for utility-scale battery storage

A new report says the Indian States must develop plans to incentivize investments into the deployment of utility-scale battery storage—just as they did for solar. 

India ranked third most attractive country for solar investment

India ranks behind the United States and China in IHS Markit’s latest rankings of most attractive solar markets.

IREDA to launch call for applications under the production-linked solar incentive scheme soon

Indian Renewable Energy Development Agency Ltd (IREDA), the implementing agency for the Production Linked Incentive (PLI) Scheme, would soon issue the selection document for solar manufacturers who wish to apply for state cash to set up production lines in India.

Dutch LPG major acquires majority stake in SunSource Energy

SHV Energy, a Netherlands-headquartered global distributor of liquefied petroleum gas (LPG), has invested in India’s SunSource Energy as it seeks to realize new opportunities within distributed renewable energy. The investment also enables SunSource to expand its distributed solar portfolio.

Industry reacts to production-linked solar incentive scheme

Solar manufacturers have welcomed the bidding criteria which apply to the incentives offered for setting up gigawatt scale, high-efficiency PV production lines but would like a bigger budget, to finance significant capacity build-up.

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Government to finance 100 MW Bangladeshi solar plant

The federal government will provide INR968 crore of soft loans for a INR1307 crore, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.

MNRE spells out the rules for its production-linked incentive scheme

Solar manufacturers who wish to apply for state cash to set up production lines must meet minimum requirements for manufacturing scale and module efficiency, and must produce at least solar cells and modules to be shortlisted. They will then bid for the amount of incentives they want over a five-year period, with extra weight given to applicants who will manufacture more of the supply chain, from polysilicon downwards.

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RattanIndia forays into electric vehicle space

The private-sector power producer is investing an aggregate INR 150-crore amount into Revolt Intellicorp, a next-generation electric mobility company, as part of its strategy to diversify into new business avenues.

US-based EverGreen Power to assess feasibility of 300MW wind-solar-storage project in Gujarat

The U.S. Trade and Development Agency (USTDA) is funding the 300MW wind-solar-storage project as part of its mission to promote sustainable infrastructure projects in partner countries like India.

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Fourth Partner Energy secures INR 250 crore from UK investor CDC Group

The Hyderabad-based developer shall use the capital to expand its solar portfolio as it targets 3 GW of PV capacity across all its verticals by 2025. The investment, in the form of non-convertible debentures, marks CDC’s foray into India’s commercial and industrial solar segment. 

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