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Markets & Policy

Indian startup Solavio Labs raises Canadian fund

The solar panel-cleaning robot startup, which saw its sales jump 125 times last year, has thus far raised three levels of funding amounting to INR 2 crore from government bodies in India, Dubai, and Canada. 

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The long read: Filling the energy technology, poverty gap

Advanced technology is of little use if it cannot reach those who need it most. Two Indonesian companies – Kopernik, an NGO based in Bali, and Sumba Sustainable Solutions, from the island of Sumba – are trying to bridge the gap between those in need and those with technological solutions. They both focus on the PV electrification of rural areas and brightening Indonesia’s “last mile.”

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India-US climate ties must prioritize green transition finance 

A new report says the United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. It lays out what such a partnership should look like and how it would benefit both countries and the world.

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IESA partners Norway’s Greenstat to support India’s hydrogen mission

India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.

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PV can cover almost half of typical office buildings’ electricity demand

Scientists in Germany have estimated that roof and facade PV systems can cover almost 40% of the total requirements of a standard office building, assuming that no battery storage is installed.

High hopes from PLI scheme for solar manufacturing 

India’s production-linked incentive (PLI) scheme—which targets 10 GW of integrated solar PV manufacturing capacity within two years—will spur demand for locally produced materials like ethylene vinyl acetate (EVA) sheets, solar glass, backsheet and junction boxes, too.

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New approach to automating peer-to-peer renewables distribution

Sony lab and LF Energy are developing a new approach to enable peer-to-peer microgrid energy trading, so remote communities can store and distribute energy without connecting to large-scale power stations or distribution grids.

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Solar developers take 700 MW retender issue to APTEL

Tata Power, TEQ Green Power, and Vena Energy Renewables Urja have approached the Delhi-based Appellate Tribunal for Electricity (APTEL) seeking interim relief against the Gujarat Electricity Regulatory Commission’s order allowing retendering of the awarded solar capacity.  

Global investors bet on India’s renewable energy sector

A new report highlights key investors finding opportunity in India’s US$500-billion renewable energy infrastructure development and various factors driving these investments. 

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Battery major Amara Raja plans 50 MW solar plant

The Indian automotive battery major has announced the setting up of a 50 MW solar power plant in Chittoor District of Andhra Pradesh. The plant—to be built at INR 220-crore investment—will help reduce the manufacturer’s carbon footprint while lowering its electricity bill. The firm, which has already set up a pilot plant facility for Lithium-ion cell development, is also mulling investments into energy storage for the renewables sector.

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