Markets & Policy

Ketan Chitnis, vice president of the stationary storage business unit at Nexcharge, has joined L&T Power as head of Li-ion and other cell chemistries. Vinay Pabba, the founder of VARP Power and a former chief operating officer at Greenko, has been appointed as the new COO of Vibrant Energy.

Borosil Renewables, an Indian solar glass manufacturer, has recorded net sales of around INR 644 crore ($83 million) for fiscal 2021-22. It operated almost at full capacity throughout the year and sold out of everything it produced.

The China-led Asian Infrastructure Investment Bank (AIIB) has extended a $200 million long-term credit facility to Bangladesh to finance a range of infrastructure projects, including renewable energy expansion.

Chinese PV module manufacturer Longi has surpassed 7 GW of shipments to India, less than six years after launching its operations in the country.

NYSE-listed Azure Power has appointed IndiGrid’s Harsh Shah as its new chief executive officer. Shah succeeds Ranjit Gupta, who left Azure Power after contributing to the company’s growth for three years.

As people have gradually migrated to the world’s cities, urban areas have migrated upward to scrape the sky. And yet, while one of the first principles of power generation is to generate as close as possible to the point of consumption, energy systems have long been designed to deliver electricity to major cities from distant hubs. But now, thanks to recent advances in solar panel energy density and building-integrated PV, vertical cities could soon be standing tall under their own power.

Webdyn’s Indian unit has supplied remote monitoring tech and hybrid power management solutions for 4.2 GW of solar plants since 2015, while Italian inverter maker Fimer has supplied its 1 MVA inverters for a new integrated solar-plus-storage project in Gujarat.

ReNew Power was the top utility-scale solar developer in 2021, commissioning the largest amount of capacity. Tata Power Solar led in rooftop solar installations, accounting for 20% of total annual additions. 

Mumbai-headquartered Waaree has supplied its 335 Wp polysilicon modules to Gujarat-based developer KPI Global Infrastructure, for projects in Bharuch district, Gujarat.

A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) tracks key trends at major companies across India’s power sector value chain. It finds the nation is poised to lead the clean energy wave, with investors committing in response to the bold policies that are enabling the transition.