Uttar Pradesh will become the hub of solar energy, says State’s energy minister
15 GW of utility scale and 8.5 GW grid-connected rooftop solar by year 2030 is the new target set for the state which is currently chasing year 2022 target of 6.4 GW and 4.3 GW, respectively.
Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal
The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.
Global energy storage market to surge to 15 GW by 2024
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
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.
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.
