CATL presents EV battery with 1,000 km range
Contemporary Amperex Technology Co. (CATL) has shown its latest lithium iron phosphate (LFP) battery at an auto show in Beijing. The Chinese company says it has an energy density of 205 Wh per kg, almost 8% higher than the current state of the art for such batteries.
ALMM expands market for domestic solar manufacturers
The ALMM reinstatement opens up a vast market for domestic solar panel manufacturers by creating a non-tariff barrier for Chinese products. However, for projects and schemes such as PM Surya Ghar: Muft Bijli Yojana which mandate domestic content requirement (DCR), the shortage of domestically manufactured cells could lead to an increase in the cost of DCR modules.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured debt financing from HDFC Bank to develop a 120 MW solar project in Gujarat.
India overtakes China to become world’s largest electric three-wheeler market
Electric three-wheeler (e-3W) sales in India surpassed 580,000 in 2023, compared to 320,000 sold in China.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
Renuka Sharma promoted to APAC director at BayWa r.e.
Renuka Sharma, who previously served as the managing director of BayWa r.e. Thailand, is now BayWa r.e.’s energy solutions business director for the Asia-Pacific (APAC) region.
At least 29 countries installed more than 1 GW of PV in 2023
IEA PVPS has published its new “Snapshot of Global PV Markets 2024” report, highlighting key insights and trends. Despite record installations, concerns over profitability and manufacturing dynamics persist, underscoring the need for strategic interventions and policy support to navigate towards a resilient and sustainable PV ecosystem.
ISA to accelerate solar initiatives in Uganda
The International Solar Alliance (ISA) and the government of Uganda recently discussed accelerating the solar mini-grid project to address Uganda’s energy access challenge and advancing the solar water pumping project under the India, Brazil, and South Africa (IBSA) Fund. New areas of cooperation, such as establishing a Solar Technology and Application Resource Centre (STAR-C), were also explored.
Tata Power, Indian Bank partner for collateral-free loan to residential rooftop solar customers
The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for rooftop solar PV installations up to 3 kW, as well as extend support for installations ranging from 3 to 10 kW under the regular scheme.
Premier Energies files for IPO to raise more than INR 1,500 crore
Premier Energies has filed draft papers with SEBI for its initial public offering (IPO). The company intends to utilize INR 1,168 crore of the IPO proceeds to fund the setting up of its 4 GW TOPCon solar cell-and-module manufacturing facility and the balance towards general corporate purposes.
