Markets & Policy

While the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme is a vital first step, it can be finetuned to generate interest among start-ups and global players.

Under the Net Zero Buildings Initiative, Mahindra Group and Johnson Controls have launched a cost-free toolkit that will help building and facility owners to learn about the best practices of sustainable buildings, implement tools to assess building parameters, identify and implement conservation measures, and understand building regulations in India, available incentives, technology, financing models, and more.

Delta Electronics, which has been present in India for the last 20 years, recently launched its containerized data center solution in the country. With all subsystems such as UPS, power distribution, battery, cooling, and racks well integrated, this plug-and-play solution ensures rapid deployment for edge computing applications in the IoT world. On the occasion, pv magazine spoke to Rajesh Kaushal, vice president of Delta Electronics India, about their containerized data center solution, lithium-ion battery and solar inverter business, and future plans for India. 

Bloomberg NEF says U.S. clean energy generation grew by 0.9%, with wind and hydro generation falling and solar generation growing 15.4%.

Matrix Gas & Renewables stated the capital raise will accelerate its green hydrogen production projects and hydrogen electrolyzer manufacturing plant, in addition to advancing the company’s growth in the gas aggregation business.

Onix Renewable said it intends to use the proceeds from the issue to finance its renewable power projects and scale up solar module production capacity to 1.2 GW.

The 22 MWp floating solar project will be developed by SJVN with Hartek Solar as the engineering, procurement and construction (EPC) service provider.

BluPine Energy has acquired Acme Group’s 369 MW of solar power assets in Uttarakhand, Punjab, and Karnataka.

Wood Mackenzie says the levelized cost of electricity (LCOE) in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.

The residential rooftop solar scheme provides a central financial assistance (CFA) of 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems between 2 to 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean INR 30,000 subsidy for 1 kW system, INR 60,000 for 2 kW systems, and INR 78,000 for 3 kW systems or higher.