Norfund invests INR 500 crore in Indian renewables company
India’s solar and waste-to-energy generator SAEL has raised INR 500 crore of equity investment from Norway’s Norfund as it seeks to fast-track the implementation of its biomass power projects that use crop stubble as a fuel.
REC commits $123 million for renewable energy projects in Madhya Pradesh
The state-owned non-banking finance company has signed a memorandum of understanding with Rewa Ultra Mega Solar Ltd (RUMSL) to provide INR 1,000 crore ($123 million) for the development of renewable energy parks and associated infrastructure in Madhya Pradesh.
SmartHelio raises $5 million
The Swiss PV diagnostics and predictive solutions provider said it would use the amount to scale its software for solar performance management.
IESA launching India Electric Mobility Council
India Electric Mobility Council will work with the government and various stakeholders to address the barriers to EV adoption. Focus areas also include safety & standards, charging infrastructure development, battery swapping, and V2G mechanism for India.
Husk Power secures $750,000 to expand solar microgrid business in Nigeria and India
Bihar-based Husk Power Systems has secured $750,000 in debt to build eight new community solar microgrids in Nigeria and expand operations in India.
Is floating solar PV the future?
The major impediments to floating solar photovoltaics (floatovoltaics) are the high cost of materials and the complex installation involved.
HPCL, NTPC sign MoU on renewable energy and storage
Hindustan Petroleum Corp. Ltd and NTPC Green Energy Ltd will collaborate in renewable energy, energy storage, round-the-clock (RTC) power, electric mobility, and solar-wind value chain projects.
India misses 2022 renewables target of 175 GW by 30%
India has installed a cumulative renewables capacity (excluding large hydro) of 122 GW as of December 31, 2022, falling 30% short of its 175 GW target. While solar addition has remained more consistent than wind over the last few years, 2023 is going to be a challenging year for PV installation due to the shortage of domestically manufactured modules.
EV manufacturers’ wishlist for Union Budget 2023–24
Electric vehicle (EV) and component manufacturers seek a uniform 5% goods and service tax (GST) for all EV spare parts. They also want the scrapping of import duty on lithium-ion battery cells and policy support for battery recycling.
NTPC starts India’s first green hydrogen blending in PNG network
The state-owned power generator has started green hydrogen blending at 5% by volume in the piped natural gas (PNG) supply to households of NTPC Kawas township in Gujarat.
