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Markets & Policy

India re-elected as president of International Solar Alliance

The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.

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First Solar warns global solar manufacturers of patent infringement

The U.S. solar panel manufacturer has sent letters to Longi, Trina Solar, Jinko Solar, JA Solar and Canadian Solar saying it believes the companies are infringing on its patents.

India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency

A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.

NTPC, ONGC to form renewable and new energy joint venture company

This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.

Tata Power records its highest ever quarterly profit of INR 1,533 crore

Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year. 

Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects

The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.

IRENA calls for greater gender inclusion in decentralized energy sector

The International Renewable Energy Agency’s (IRENA) latest report says that women’s roles in decentralized renewable energy are critical to achieving universal electricity access in underserved communities.

India, Germany release joint roadmap for green hydrogen

The Indo-German Green Hydrogen Roadmap outlines key strategies to encourage private sector investment, promote green hydrogen trade and export, and facilitate the exchange of information, particularly around challenging hard-to-abate sectors and certification standards.

“We aim to emerge as the preferred supplier of hydrogen electrolyzers,” says Airox Nigen CEO

Anil K Agrawal, founder and chief executive officer, Airox Nigen Group, spoke to pv magazine ahead of the launch of the company’s new arm Aspire Hydrogen. Led by Aniruddh Agrawal, Aspire Hydrogen will set up an integrated green hydrogen value chain in Haryana. This incidentally coincides with 30 year completion of Airox Nigen.

Tata Power, Keppel join hands to launch Cooling-as-a-Service solutions in India

Cooling-as-a-Service solutions enable businesses and building owners to subscribe to long-term, energy-efficient space cooling solutions without having to invest heavily in infrastructure.

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