India, Saudi Arabia sign MoU in green hydrogen and supply chains
India and Saudi Arabia have agreed to cooperate to co-develop projects, co-produce green/clean hydrogen and renewable energy, and establish secure, reliable, and resilient supply chains of materials used in green/clean hydrogen and the renewable energy sector.
India contributed 12% of global growth in solar generation in H1 2023
India’s growth in solar generation (+26%, +12 TWh) in the first half of 2023 was above the global average growth (+16%). In H1 2023, India contributed nearly as much new solar generation as the EU, with 12% of the global additions.
NIIFL launches $600 million bilateral India-Japan Fund
The India-Japan Fund will actively invest in India’s environmental preservation sector, including renewable energy and e-mobility businesses.
India needs 36% YoY increase in annual solar capacity additions to reach FY 2027 target of 186 GW
India needs to ramp up its annual solar capacity additions by 36% year-on-year to reach an installed PV base of 185.6 GW by FY 2027, targeted under 14th National Electricity Plan. The nation installed 66.7 GW of PV capacity as of March 31, 2023, with 12.9 GW added in FY 2023.
Solar wafer prices fall for first time in 3 months
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Amara Raja Batteries is now Amara Raja Energy & Mobility
Amara Raja Batteries has changed its name to Amara Raja Energy & Mobility as it directs its focus to becoming a comprehensive solutions provider in the energy and mobility space.
JSW Cement begins EV trials to reduce carbon footprint in logistics
JSW Cement plans to transition to EV trucks across its manufacturing operations. Toward achieving that goal, it has initiated an EV truck pilot project between its manufacturing operations in Karnataka and Andhra Pradesh.
Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
NTPC, ONGC to collaborate for renewable energy projects
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
India’s green hydrogen will be the cheapest in the world: Power minister
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
