Li-ion Gigafactories: Niti Aayog seeks cabinet nod for Rs 7 billion annual subsidy proposal
Already approved by the finance ministry, the proposal aims to woo investors into setting up manufacturing units in India and lower battery costs with indigenization of technology. An aggregate manufacturing capacity of 50 GWh is planned to be set up over a period of 10 years, which would require investments worth Rs 355 billion.
New materials to convert waste heat into electricity
Materials that can recover energy wasted in the form of heat and convert that into electricity can pave the way for devices that can be coupled with new renewable technologies such as solar-thermoelectric and Lithium batteries.
European investor EQT and Singapore’s Temasek launch renewable energy JV in India
Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.
GE T&D India wins a Jammu & Kashmir project to help deliver 24/7 power
Under the order worth around Rs 1730 crore, the power transmission and distribution player’s latest supervisory control and data acquisition and advanced distribution management solution technology will help deliver 24×7 reliable power to the people of the twin cities of Jammu and Kashmir.
Engie sells controlling stake in 813 MW Indian solar portfolio
Mumbai investor Edelweiss Group will gain a controlling stake in the generation assets in a deal which Engie says will allow it to reduce its debt by Rs3,160 crore.
DISCOM reforms, access to finance key to solar uptake
Power distribution reforms and scaling up of solar adoption among MSMEs through captive renewable energy policy and comprehensive Credit Guarantee Mechanism are among measures expected from the budget.
Adani rolls out roadmap to become largest renewable power player by 2030
India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
India’s solar cell and module exports grow 157% in eight months
Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated Rs133,000 lakh from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.
Sterling and Wilson Solar wins Middle East award for utility-scale project
The Mumbai-based solar EPC solutions provider has to its credit 9.2 GWp of solar power projects (commissioned and under construction) globally, including 3.05 GWp in the MENA region.
A clean energy world would support millions of new jobs
A study from Finland’s Lappeenranta University of Technology has predicted solar and other renewables can provide a global energy jobs revolution – just as four European operations revealed recent struggles.
