Eighth Assembly of International Solar Alliance scheduled from Oct. 27-30 in New Delhi
The International Solar Alliance (ISA) Assembly will focus on four key areas: catalyzing finance for solar projects, building global capability centres and advancing digitization, enhancing regional and country-level engagement, and developing technology and policy roadmaps.
Waaree Energies completes acquisition of 64% equity stake in transformer company Kotsons
Waaree Energies Ltd has completed the acquisition of a 64% equity stake in transformer solutions company Kotsons Pvt Ltd (KPL) for a total consideration of INR 192 crore. Consequently, KPL has become a subsidiary of the company.
ACME Solar Holdings upgraded to CRISIL AA-/Stable rating
CRISIL Ratings has upgraded its rating on ACME Solar’s non-fund-based long-term bank facilities of INR 1,000 crore to ‘AA-/Stable’ from ‘A+/Positive’.
China wafer prices end four-week rally amid stable polysilicon, cooling demand
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Solar module prices to rise 9% in Q4, says Wood Mackenzie
Wood Mackenzie says module prices will climb as China ends export rebates and consolidates polysilicon production.
ACME Solar Holdings assigned ‘AA-/Stable’ rating by ICRA
ICRA Ltd has assigned ‘AA-’ credit rating with ‘Stable’ outlook on ACME Solar Holdings’ long-term non-fund based bank facilities. The rating reflects ACME Solar’s diversified portfolio across multiple locations and offtakers (primarily central), revenue visibility from long-term power purchase agreements (PPAs), optimal generation performance and comfortable debt coverage metrics.
TotalEnergies sells 50% stake in 1.4 GW solar portfolio
TotalEnergies announced it is acquiring a 49% interest in natural gas assets in Oklahoma on the same day it announced it is selling a 50% stake in its North American solar portfolio.
SECI announces maiden debenture issue to strengthen renewable energy investments
Solar Energy Corp. of India’s maiden debenture issue received an overwhelming response with 43 bids totaling INR 2,156.75 crore, against the total issue size of INR 600 crore.
AI for climate action: Can technology save us from the crisis?
A modern grid must balance growing demand from new sources like electric vehicles (EVs) with the intermittent supply from renewable sources like solar and wind power. AI-powered smart grids use sophisticated algorithms to forecast power demand and match it with fluctuating renewable generation in real time.
Oyster Renewable secures INR 1,844 crore loan for 342 MW solar-wind hybrid project
Oyster Renewable Energy has achieved financial closure for its 342 MW solar-wind hybrid power project in Madhya Pradesh by securing a project loan of INR 1,844 crore from Union Bank of India.
