Markets & Policy

Adani New Industries Ltd has raised a trade finance facility of $394 million from Barclays and Deutsche Bank, securing the working capital requirements of its integrated solar module fab. 

The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.   

Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.

As on June 30, 2023, around 2.45 lakh agriculture pumps have been installed or solarized under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme.

Scientists in India have proposed a new classification of energy sources that is intended for the adoption and definition of emerging technologies, which they said conventional taxonomies fail to achieve.

Various industry interests are at play behind clean energy drive

ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.

Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered thermal energy storage projects in India.

Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects. 

Eleven solar parks aggregating 8.521 GW have been completed and seven solar parks totaling 3.985 GW partially completed under the Ministry of New and Renewable Energy’s scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects.”