Markets

Solar post-Assembly elections

Having achieved 100% household electrification, the PM Modi led government seeking re-election aims to ensure electrification of all railway tracks by 2022 and turn renewable into a popular movement with steps like emphasis on solar farming. Even if the elections spring a surprise, the renewable momentum is unlikely to slow down as no government can afford to ignore the phenomenon.

Exide acquires 26-30% equity in 3 captive projects by Cleantech Solar

Lead-acid battery manufacturer Exide Industries has entered into 26-30% equity shareholding agreement with Singapore-based Cleantech Solar Energy for three captive solar power plants to be set up for its manufacturing units in Tamil Nadu, Haryana and Maharashtra.

NISE floats solar dryer fabrication and supply tender

National Institute of Solar Energy (NISE), an autonomous R&D institution of Ministry of New and Renewable (MNRE), has invited bids from technically and financially capable manufacturers to manufacture and deliver NISE designed and developed solar dryer cum space heating systems on pan India basis.

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Making “Right to Energy” possible

Themed around “Right to Energy,” the 4th TILA International Conference on Energy (TICE 4) held recently in New Delhi aimed to accelerate the pace of energy revolution through intensive deliberations and concerted initiatives among countries. Well attended by over 400 delegates, the international event highlighted that energy is going to be the next big revolution after telecom.

India and Australia helped make up for Chinese solar retreat last year

The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.

Shuttl will add 300 e-buses by 2020, BRPL fleet to go all-electric by 2030

Mobility company Shuttl will also set up more than 50 EV charging points in prime locations and state-run power distributor BSES Rajdhani Power Limited will invest in testing facilities to support stabilizing the grid for EV charging, as well as pilot schemes on effectively integrating renewable electricity into its network.

Alternative charging options drive down battery costs for ebuses

All-electric buses will cost the same as diesel options by 2030 – and possibly earlier – according to research into the global EV market which highlighted the potential for India to follow China’s lead in the sector.

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Singapore’s AM Holdings setting up 24 MW floating solar plant at Indian petrochemical arm

The floating solar power plant—to be developed by AM International’ Greenam Energy—will be located in Tuticorin plant of Southern Petrochemical Industries Corporation (SPIC). The power generated will be used to meet SPIC’s electricity requirements and the excess will be sold to the state power utilities.

Oriano Solar commissions 18.75 MWp for Aditya Birla Renewables in Chhattisgarh

Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp of solar projects to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of this financial year.

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Petronas jumps into PV market with Amplus acquisition

The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.

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