U.S. residential solar on the brink of collapse
Residential solar is on a downturn, and things may get worse. In a shock for the industry, the latest draft of the “One Big Beautiful Bill Act” excludes residential solar lease providers from the Investment Tax Credit.
Tata Elxsi, Infineon partner to develop ready-to-deploy EV solutions
The partnership focuses on developing scalable battery management systems, bi-directional onboard chargers and other EV systems for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles in the Indian market.
Indosolar shares to resume trading from Thursday
Solar manufacturer Indosolar Ltd’s equity shares will resume trading on the stock exchanges from Thursday, June 19, 2025. The shares will be listed under the ‘T’ Group of Securities and will trade under the scrip ID WAAREEINDO.
Electric two- and three-wheelers already cheaper to own than petrol variants: CEEW
Electric two-wheelers have a lower total cost of ownership (TCO) of INR 1.48/km than INR 2.46/km for petrol models. Three-wheeler EVs cost INR 1.28/km versus INR 3.21/km for petrol.
Targeted co-financing to support a just transition in emerging economies: IEEFA
Supporting a Just Transition in emerging economies requires not only large-scale capital for infrastructure such as renewables but also targeted financing for communities and small businesses. Capital should be matched to specific activities based on risk and impact, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
ReNew Q4 profit soars 415% YoY on solar manufacturing boost
ReNew’s net profit for the quarter ended March 31, 2025 surged 415% year-on-year to INR 313.7 crore ($37 million) with external sales of solar modules and cells alone contributing INR 220 crore.
How the EU’s Omnibus will impact Indian companies?
The Omnibus Proposal’s sustainability mandates can either unlock new market opportunities and enhance India’s global standing, or create trade barriers that can damage brand’s reputation and hamper profits. Indian businesses can’t afford to ignore this shift.
Coal India sets up renewable energy JV with RRVUNL in Rajasthan
The joint venture company, CIL Rajasthan Akshay Urja Ltd, will develop, construct, and operate solar, wind, pumped storage, and other renewable energy projects. The power generated will be sold to Rajasthan Rajya Vidyut Utpadan Nigam Ltd under Section 62 of the Electricity Act, 2003, or to other eligible entities.
Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
Power ministry announces INR 5,400 crore viability gap funding to support 30 GWh BESS development
The scheme will extend financial support to 15 states and NTPC, with INR 18 lakh per MWh allocated for each project. Of the total 30 GWh target, 25 GWh will be distributed among 15 states to meet their energy storage needs, while 5 GWh will be allocated to NTPC.
