Solar power on the rise: A buying spree fuelled by innovation and price wars
While companies grapple with razor-thin margins, these price wars are accelerating the adoption of solar power globally.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured INR 436 crore ($52.85 million) debt finance from State Bank of India to advance its 120 MW solar project in Gujarat.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
Integration of renewable energy in the circular economy
In this article for pv magazine, Naresh Mansukhani, CEO, Juniper Green Energy, writes circular economy goes beyond just recycling physical components. Innovative business models are emerging that promote resource efficiency and extend the lifespan of renewable energy technologies.
Sterling and Wilson Renewable Energy revenue grows 78% YoY in Q1
Sterling and Wilson Renewable Energy posted a revenue of INR 915 crore and net profit of INR 5 crore for the current fiscal’s first quarter ending June 30, 2024. The company reported strong order inflow of INR 2,170 crore in the quarter.
Tata Power to invest INR 20,000 crore capex in FY 2025
Tata Power chairman N Chandrasekaran announced that a large part of the investment will go in accelerating the company’s renewable energy portfolio. The balance will be used towards transmission and distribution businesses.
VinFast exploring Andhra Pradesh for second EV and battery plant in India
Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.
SolarPower Europe calls for stronger cybersecurity measures
SolarPower Europe argues in a new position paper that regulators and policymakers should create a sector-specific strategy to address the growing threat of cyberattacks.
The EV charging boom: A $1 trillion opportunity by 2040
The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.
