Loom Solar eyes Rs 100 crore turnover by FY21
The monocrystalline solar panel and AC module maker, has, on average, achieved a ten times revenue growth year-on-year since its inception. It now aims to generate over Rs 100 crore revenue by the end of FY 2021—a 300% increase within a year.
Greenko, NTPC sign MoU for round-the-clock power supply
Hyderabad-based RE developer Greenko Energies, which is developing over 40 GWh of pumped hydro storage projects in India, has partnered with NTPC to develop round-the-clock power supply solutions by integrating renewable energy sources and pumped storage.
Malaysia’s Yinson increases stake in India solar plant to 95%
Having acquired a 37.5% stake in March, Yinson has now agreed to buy an additional 57.5% equity interest in Indian independent power producer Rising Sun Energy (RSE) with a cumulative operational capacity of 140 MW (AC) in the Bhadla Solar Park.
Engineering drives next-generation solar power in Southeast Asia—Black & Veatch interview
Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.
Flipkart plans complete transition to electric vehicles by 2030
The e-commerce player has worked with design and manufacturing partners to procure electric vehicles (EVs) optimized for e-commerce deliveries. It is also planning to set up the necessary charging infrastructure close to its 1,400 supply chain premises to push the use of EVs.
Manikaran Power, south Korea’s KEPCO join hands to acquire stressed power plants in India
The New Delhi-headquartered power trading company has signed a Memorandum of Understanding with the South Korean power plant maintenance specialist to acquire and revive stressed assets in the power sector.
BHEL wins TERI order for battery energy storage systems
The state-owned engineering firm will supply and set up a cumulative 410 kWh of battery energy storage systems in Delhi under UI-ASSIST (US-India Collaborative for Smart Distribution System with Storage) initiative of TERI.
Siemens gets CCI nod to acquire C&S Electric
Certain businesses such as engineering, procurement, and construction shall be retained by the existing promoters of C&S Electric which has five operational renewable energy (four wind and one solar power) projects with a combined capacity of 174 MW.
Manufacturers want 50% basic customs duty on solar imports
India imported solar cells and modules worth $1.3 billion from China in FY2019-20. Domestic manufacturers have demanded a level playing field to compete against cheaper imports.
Keltron to set up a supercapacitor manufacturing unit in Kannur
The state-owned electronics manufacturer has signed a memorandum of understanding for technology transfer with Vikram Sarabhai Space Centre of Indian Space Research Organisation.
