Finance

India is in mission mode on researching different aspects of the hydrogen economy, including hydrogen production, storage and utilization for stationary, power generation and transport applications. The need is to demonstrate the scaled versions at a faster rate. 

Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. The Alliance is now supported by 68 member countries, and a further 20 countries are in the process of becoming members.

Developers have until November 10 to submit bids for the grid-connected, ground-mounted solar generation capacity. The project will be set up on a build-own-operate basis in Kalahandi district to meet the electricity needs of the town.

Power Minister RK Singh has revealed interest from manufacturers in developing more production lines even before incentive schemes being drawn up by the government are taken into account.

The government is trying to harness renewables to increase domestic output but will need a more liberal energy market and to consider the structure of procurement auctions, cloying red tape and the financial travails of state utilities if it is to achieve its goals, says Rakshika Kaul of Amp Energy India.

Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.

Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.

A report by the Institute for Energy Economics and Financial Analysis says there is plenty of investment capital available for Indian renewables despite pandemic disruption.

The Hyderabad-based developer will use the funding from Swiss impact investor Symbiotics and Dutch banking majors Triodos and ASN to construct around 150 MW of new solar assets.

The company cited delay in sale completion of Neo Solren as the reason for the pact’s cancellation with CLP India. The subsidiary was formed to set up and operate solar plants in Telangana.