Tata Power and Social Alpha launch net-zero accelerator program for industries
The ‘Net-Zero Industry Accelerator’ program will prioritize industries with the highest carbon footprints and assure a robust ecosystem to support a new generation of entrepreneurs as they take disruptive climate-tech innovations for industrial decarbonization from the lab to market.
Ola, Hyundai, Reliance and Rajesh Exports emerge winners in 50GWh battery cell tender under PLI Scheme
Those put under the waiting list include Mahindra & Mahindra Limited, Exide Industries Limited, Larsen & Toubro Limited, Amara Raja Batteries Limited, and India Power Corporation Limited.
Vikram Solar files for IPO to raise funds for 2GW integrated fab
The Kolkata-headquartered solar manufacturer has filed draft papers with SEBI for its initial public offering (IPO), which comprises a fresh issue of up to INR 1,500 crore and an offer for sale (OFS) of up to five million equity shares by the existing shareholders.
Adani Green raises US$ 288 million for under-construction renewable energy projects
The developer shall use the senior debt facility to initially finance its 450MW hybrid portfolio of solar and wind renewable projects in the Indian state of Rajasthan.
Investment cycle means race is on to incentivize green hydrogen
A report published by Irena hints the world’s politicians will have to get to work immediately to avoid another generation of fossil fuel-fired hydrogen, ammonia, and methanol plants being set up to run into the second half of the century.
IHS Markit: Battery prices won’t fall until 2024
The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.
Building the green hydrogen economy in India
Experts at a recent workshop by industry body India Hydrogen Alliance (IH2A) and the government thinktank NITI Aayog proposed the formation of a public-private taskforce to develop gigawatt-scale green hydrogen hubs in India. The taskforce will have participation from global funding agencies, industry and government.
Azure net loss reduces 44% in Q3 as revenue grows
The NYSE-listed Indian solar developer reported a net loss of INR 610 million (US$ 8.2 million) for the quarter ended December 31, 2021 against INR 1,088 million for the corresponding period in the previous year.
Avaada Energy raises US$192 million through green bonds
Avaada Energy is issuing green bonds for INR 1440 crore (US$192 million) at 6.75%, making it India’s largest AAA-rated green bond by any renewable energy developer.
ReNew Power announces third-quarter and nine-month results for FY2021-22
The developer reported a widening of net loss for nine months ending December with the increase in expenses.
