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Markets & Policy

Rooftop solar leader Gujarat gets maximum central financial support for RE generation

With Rs 118.27 crore in the current financial till February 10, Gujarat is way ahead among all states and union territories in getting the central financial support for new and renewable energy generation.

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Indian Oil will start field-testing metal-air battery for electric vehicles soon

A range of up to 600 km is possible when Lithium-ion batteries are combined with metal-air batteries that the fossil fuel giant intends to produce in India under a partnership with Israel based startup Phinergy.

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A plug-and-play solar-powered battery back-up solution for the home

The OneBox, from Indian manufacturer Vision Mechatronics, consists of a lithium battery, hybrid inverter and solar charge controller to give a hassle-free solution for electricity back-up during power outages. Solar rooftop owners are offered a grid feed feature to maximize net metering income from any excess power generated.

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Italian inverter maker confirms no ABB jobs will be lost in India

Fimer’s takeover of the inverter business of the Swiss conglomerate will not affect job numbers at ABB’s Indian production facilities, according to the new owner of the combined business.

Uttar Pradesh will become the hub of solar energy, says State’s energy minister

15 GW of utility scale and 8.5 GW grid-connected rooftop solar by year 2030 is the new target set for the state which is currently chasing year 2022 target of 6.4 GW and 4.3 GW, respectively.

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Power minister inaugurates eleven renewable energy management centers

Presently, 55 GW of renewable (solar and wind) energy is being monitored through these centers which are equipped with artificial intelligence based forecasting and scheduling tools.

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Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal

The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.

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Environment ministry releases draft version of battery waste management rules

Establishment of an R&D cell for battery recycling and online tracking of the collection and re-processing of used batteries are highlights of the draft rules which seek to ensure safe disposal and organized recycling of batteries at the end of their life.

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Global energy storage market to surge to 15 GW by 2024

As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.

Energy efficiency body eyes 1.5 GW of distributed solar within 13 months

Energy Efficiency Services Limited, which has already bagged orders for 800 MW of distributed solar installations in Maharashtra and 113 MW in Rajasthan, says it will roll out 1.5 GW of generation facilities by the end of the next fiscal year.

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