IREDA touches new record in lending for renewable energy projects
Indian Renewable Energy Development Agency Ltd (IREDA) disbursed loans of INR 16,320 crore and sanctioned INR 32,578 crore for renewable energy projects, in FY 2022-23.
Gentari signs 5,000 commercial EV supply pact with Tata Motors
Gentari, a Vehicle-as-a-Service (VaaS) provider, has signed pacts with Tata Motors, MoEVing, and Gati to strengthen its fleet of electric cargo vehicles.
Gensol Engineering acquires solar tracker specialist Scorpius
Gensol Engineering Ltd has acquired Pune-based Scorpius Trackers for INR 135 crore ($16.42 million). The acquisition allows Gensol Engineering to offer a comprehensive solar EPC package that includes Scorpius Trackers’ innovative solar tracking technology.
L&T signs electrolyzer manufacturing agreement with McPhy Energy
Larsen & Toubro (L&T) has signed the agreement to manufacture pressurized alkaline electrolyzers in India under a technology license from France-based McPhy Energy.
New global solar capacity additions hit 191 GW in 2022, says IRENA
Global renewable capacity increased by 295 GW last year, bringing the world to a cumulative installed capacity of 3,372 GW, according to the International Renewable Energy Agency (IRENA).
Amplus Solar to set up distributed green hydrogen production plants in Andhra Pradesh
Amplus Solar has signed a memorandum of understanding (MoU) to set up distributed green hydrogen plants for industrial consumption in Andhra Pradesh with an investment of INR 1,500 crore ($181.45 million).
IndianOil targets 200 GW of renewable energy portfolio by 2050
The state-owned oil and gas major targets 200 GW of renewable energy capacity by 2050. It also plans to have around 2 million metric tons of green hydrogen capacity in its fold by 2050.
RVNL, Jakson Green form JV for clean energy EPC projects globally
Rail Vikas Nigam Ltd and Jakson Green have partnered to build giga-scale clean energy projects in the Middle East and North Africa (MENA), the Commonwealth of Independent States (CIS), and Asia Pacific countries.
GAIL signs MoU with Shell Energy India
The MoU envisages exploring prospects in renewables, LNG for road transport, regasification of imported LNG, and import and handling of different hydrocarbons which are important chemical and petrochemical precursors.
Relaxation of ALMM order a near-term positive for solar power developers, says ICRA
The Ministry of New & Renewable Energy has exempted solar projects to be commissioned till March 31, 2024, from the requirement to source modules from the Approved Models and Manufacturers (ALMM) list. The move provides developers with the flexibility to source modules at the most cost-competitive rates.
