Finance

Goa to replace traditional clay tiles with solar ones

State energy minister Nilesh Cabral says householders will be offered the chance to reduce energy bills without any upfront cost by leasing roofspace to installers as part of plans to add 15 MW of solar capacity in Goa by March.

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Azure Power to raise US $75 million equity from Canadian investor CDPQ

The investment will increase Caisse de dépôt et placement du Québec’s equity stake in the NYSE-listed solar developer to 49.4% from current 41.4%.

Uttar Pradesh to tap state water bodies for solar power

Jal Shakti minister Mahendra Singh wants to achieve a win-win by wiping out his department’s Rs3,000 crore electricity bill and selling clean energy to the Ministry of Power. His solution involves ambitious plans for floating PV in Uttar Pradesh.

Lithium batteries – 12 lakh tons ready for recycling by 2030

The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.

EPC provider SunAlpha Energy launches easy EMI finance for rooftop solar

The company aims to enable 1000 homes and businesses with rooftop plants during the initial launch of this scheme that provides EMI options of 12, 18, 24 and 36 months.

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Now green urban mobility to get one billion euros boost from Germany

Having extended around two billion euros for clean energy projects, Germany will now support India in improving green urban mobility infrastructure, solutions and services in cities. Furthering its support for clean energy transition, it will also provide concessional loan of 200 million euros for a DISCOM investment facility in India.

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Off-grid solar sector witnesses sales of 4.1 million products in six months

Industry body Gogla and the World Bank’s Lighting Global program said the last six months set a record for off-grid solar deployment. Solar home systems and other small off-grid appliances are being used in ever larger numbers.

Abu Dhabi’s Masdar gets CCI nod to buy stake in Hero Future

Abu Dhabi-based renewable energy business Masdar is wholly owned by the emirate’s state-owned Mubadala Investment Company. Established in 2006, it develops utility-scale and off-grid renewable energy projects.

Afghanistan kicks off tender for another 40 MW solar project

The facility will be developed under the World Bank’s Scaling Solar initiative on a public-private partnership basis in Herat province.

Closing the information gap will drive rooftop solar, says Freyr Energy

Up to 70% of prospective customers have shied away from owning a rooftop solar system due to lack of readily available information on how to assess various solar options, says Saurabh Marda, co-founder and managing director of Freyr Energy – a Hyderabad-based rooftop solar firm that has completed over 1200 installations in just 5 years since inception in 2014.

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