Indian-led start-up raises Swiss funding for solar diagnostic tool
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.
IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023
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.
Auctions show Indian renewables still primed for growth
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.
Fourth Partner raises US$16 million to fund 150 MW of new solar
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.
Mahindra & Mahindra cancels pact to sell solar arm
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.
Green finance flows just one-tenth of the actual requirement
The tracked green finance for climate mitigation was an average Rs 124 thousand crore (US$19 billion) for FY 2017 and FY 2018, representing only about 10% of what the country required.
India could add 6,490 electric buses in next two years
The country’s electric bus market has gained momentum owing to aggressive government push through FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme and increased interest from global investors.
Study explores feasibility of North India’s renewables transition
The region could, by 2050, cut greenhouse gas emissions from power, heat, transport and desalination which are expected to add up to more than 825 metric tons of carbon dioxide equivalent this year. Such a transition could be perfectly possible, technically and financially.
India’s solar future: Domestic first, international second
The International Solar Alliance signals India’s hope to be a global competitor in emerging technologies and cement its place as an institution builder. But how does India’s vision translate into domestic policy? Has India led by example?
Scaling up solar manufacturing in India
A new study by CEEW Centre for Energy Finance assesses the competitive advantage that China has over India and presents a suite of short-term and long-term interventions required for a globally competitive solar manufacturing sector in India.
