Oriana Power looks to raise up to INR 60 crore through IPO
The Noida-based commercial and industrial solar developer will use the proceeds for working capital, ‘Resco mode’ project capex, and technology upgradation requirements.
The solar glass opportunity in India
Large capacity addition in solar modules by 15-20 players is likely to drive domestic solar glass demand, say CRISIL analysts in an interview with pv magazine. New players have expressed interest to set up solar glass manufacturing in India, however, import duty removal last year on solar tempered glass has put them in a wait and watch mode.
India will add 45 GW of renewable energy capacity over next two fiscals, says CareEdge Ratings
India will install around 20-25 GW of new renewable energy capacity annually over the next two fiscals, driven by a healthy project pipeline and a strong bidding roadmap. The decline in solar module prices and one-year relaxation for the approved list of module manufacturers (ALMM) bode well for the capacity addition.
EIB to provide EUR 1 billion for India’s National Green Hydrogen Mission
European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.
Solar module prices, auction volumes, and the outlook for capacity addition
Timely scale-up in tendering activity and moderation in solar PV cell and module prices, if sustained, would support improvement in capacity addition in the renewable energy sector.
Italian startup offers solar kits packed in barrels
Italy’s Barrel claims that solar kits packed in barrels are ideal for remote areas and conflict zones. Its standard packages consist of 6 kW solar modules, 5.6 kW single-phase hybrid inverters, and 3.55 kWh lithium batteries.
Integrating higher share of renewable energy in India’s power system
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
Hild Electric signs 600 MW alkaline electrolyzers deal with NTPC
NTPC, India’s largest power company, will use Hild Electric’s green hydrogen production technology to decarbonize energy, transport and ammonia projects.
Fortum Charge & Drive unveils new brand identity, eyes 3,000 EV charging points by FY 2025
Fortum Charge & Drive India has unveiled its new brand identity ‘Glida’ signifying its commitment to delivering a seamless electric vehicle (EV) charging experience in India. Glida plans to increase the number of its EV charging points to 3,000 by 2025 from around 450 at present.
IFSCA and Climate Policy Initiative sign MoU on sustainable finance
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
