Finance

Waaree signs MoU with Gujarat to set up Rs 11 billion solar modules and cells plant

Coming up at Moda village in Valsad district, this will be Waaree’s third solar modules investment in Gujarat after Surat and Umargam plants.

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Large scale storage still some way off

Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.

Azure Power posts Q3 loss but continues to expand solar portfolio

The New Delhi-based developer posted a Rs136 crore loss from October to the end of December but has managed to shift current liabilities into the long grass as it aims to continue on an expansionist trail, backed by the Canadian pension fund which holds almost half its shares.

A few policy tweaks would boost renewable energy investment, says IEEFA India

Removal of solar trade duties, discom reforms, and better central-state government coordination are prerequisites to increase renewable project development in the country.

MNRE opens facilitation centre for renewable energy investors

The Centre will work as a fast-track mechanism in resolving the investors’ issues and taking the ease-of-doing business ranking to a notch higher.

Qatar Investment Authority buys 25.1% stake in Adani Electricity Mumbai

The total QIA investment in AEML is Rs 3220 crore (US$ 452 million), which includes equity consideration of Rs 1210 crore (US$ 170 million) and shareholder subordinated debt of Rs 2010 crore (US$ 282 million).

EVs: India lacks authorized Lithium-ion battery recycling facilities

Any proponent can install such facility in the country, said Minister of State for Environment, Forest And Climate Change, noting that technologies are available for complete recycling of lithium batteries to recover valuable metals.

MIT researchers say PV innovations should be deployed in niche markets first

Solar module manufacturers should begin testing new technologies in higher-value niche markets, say scientists at the U.S. institution. For example, bringing perovskite technology directly to the mainstream market remains prohibitive in terms of initial investment but segments such as building-integrated PV or microelectronics devices may offer better routes to commercial maturity.

Decoding the Adani-Total solar deal

While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.

94% households with solar home system say quality of life improved: GOGLA Research

Eleven per cent reported an increase in income levels by up to $66 per month on average. The impacts are seen even though a majority of solar home system customers also have grid access, highlighting that, as a complement to the grid, small scale solar still has a key role to play.

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