Markets & Policy

As the world looks to COP29, the stakes have never been higher. Climate finance, energy transitions, biodiversity, adaptation, and carbon markets—each of these issues represents a critical piece of the puzzle in the fight against climate change. Azerbaijan, as host, faces the daunting challenge of balancing competing interests while pushing for ambitious global action.

The non-banking finance company’s rooftop solar finance product, Capri Solar Finance, targets a loan book size of INR 1,000 crore in the coming years.

Pradhan Mantri Surya Ghar Yojana has attracted 13 million registrations and 1.8 million applications in first six months of its launch, leading to about 1.8 GW of new residential rooftop solar installation.

Avaada Energy has secured around INR 597 crore ($71.1 million) in refinancing for its commercial & industrial (C&I) solar projects in Karnataka and Maharashtra.

The future of the solar industry hangs in the balance as manufacturers, regulators, and market players grapple with a perfect storm of falling prices, rising costs, and a fiercely competitive global landscape.

The latest supply chain map from Sinovoltaics tracks growth across Southeast Asia, with module capacity reaching 78.8 GW, and 58 production projects tracked.

ESG (environmental, social, and governance) measurement is often inconsistent, as there are multiple ESG rating agencies, sustainability reporting standards and data providers and all deploy their own methodologies and parameters. That makes it challenging for the investors and other stakeholders to evaluate critical ESG metrics and make well-informed choices.

Considering India’s energy demand doubled between 2000 and 2020 and is set for a tremendous surge to the tune of 73 exajoules (EJ) by 2050, we really have to focus on achieving sustainable energy security for decades to come. This systemic transformation won’t come merely with government directives or policy measures but would warrant a mindset change towards sustainability.

The next five years will witness a transformative shift in India’s energy landscape, positioning the country as a global leader in energy storage innovation, says Saurabh Kumar, vice president-India, GEAPP (Global Energy Alliance for People and Planet), in an interview with pv magazine.

Avaada Group plans INR 1 lakh crore ($12 billion) investment to set up a 1.2 GW pumped hydro storage project, a 1 mtpa green ammonia project, a 1 GW wind power project, and a 10 GW solar power project in Rajasthan.