ReNew secures $100 million from BII to scale solar manufacturing operations
The funding will support the construction of a new state-of-the-art 4 GW TOPCon cell facility in Dholera, Gujarat.
India Ratings affirms Adani Green Energy’s credit rating at AA-, outlook stable
India Ratings and Research (Ind-Ra) has affirmed Adani Green Energy Ltd’s (AGEL) long-term issuer rating at ‘IND AA-’ with a Stable outlook. It has also resolved the rating watch with negative implications.
Existing state-level policies could unlock $61 billion in incentives for green hydrogen in India
Power-related incentives worth $38 billion account for 63% of the total state-level support potential for green hydrogen.
Evren secures $100 million from ALTÉRRA, Brookfield to advance 11 GW renewable energy pipeline
The investment will support the development and construction of up to 11 GW of solar, wind and battery storage projects in Rajasthan and Andhra Pradesh.
Adani Green Energy allots 44.9 lakh equity shares to Ardour upon warrant conversion
Adani Green Energy Ltd (AGEL) has approved the conversion of 44.9 lakh warrants into equity shares by Ardour Investment Holding, a member of the promoter group of the Company. Consequently, the promoter group shareholding in AGEL has increased from 60.94% to 61.05%.
Global investment in off-grid solar down 30% in 2024
Off-grid solar investment fell 30% in 2024, with early-stage firms and productive-use tech hit hardest, says Gogla. The global association for the off-grid solar energy industry adds that scale-ups attracted 77% of the nearly $300 million invested, signaling stronger commercial viability among mature players.
Global corporate solar funding falls 41% to $4.8 billion
Corporate funding in solar fell 41% year-over-year in Q1, 2025 due to policy reversals, tariff shocks and regulatory uncertainties, said a report from Mercom Capital.
BC Jindal Group announces INR 15,000-crore investment in solar and battery manufacturing
The BC Jindal Group has unveiled plans to invest INR 15,000 crore by 2030 to establish multigigawatt-scale manufacturing capacities for solar cells and modules, battery cells and packs, and solar glass.
Jupiter International raises INR 500 crore from ValueQuest and its affiliates for solar manufacturing expansion
Jupiter International Ltd has secured an INR 500 crore investment from ValueQuest SCALE Fund and its affiliates to support expansion of its solar manufacturing capacity.
“Distributed renewable energy should serve as an inclusive, community-centric growth engine”: ISA Director General
Ashish Khanna, Director General of International Solar Alliance, highlighted the need to enable private-sector investments in driving technology and innovation for distributed renewable energy, while the government focuses on developing the policy and regulatory framework and results-based financing to make these solutions affordable for the poor.
