Greenko ZeroC to supply renewable ammonia to Norway’s Yara
Greenko ZeroC will supply up to 50% of renewable ammonia from Phase 1 of its ammonia production facility in Kakinada.
AMPIN Energy secures $35 million from responsAbility
Swiss impact investor responsAbility’s $35 million investment will enable AMPIN Energy Transition to grow its renewable energy portfolio, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India.
Off-grid solar investment down by 43% globally in 2023
The Global Off-Grid Lighting Association (GOGLA) says total investment in the off-grid solar sector stood at $425 million in 2023, down 43% year on year. It says the industry needs to address a lack of early-stage financing to meet development and climate targets.
Grew appoints Hiten Parekh as president-Global Sales
Hiten Parekh has previously held key positions at O2 Power, Navitas Solar, SunEdison, and SolarSquare.
L&T promotes Sarma to whole-time director, president-Energy
Larsen & Toubro also promoted R Shankar Raman to president, whole-time director and CFO. Gensol Engineering has appointed Rajesh Jain as an independent director.
China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Tata Power reports record profit of INR 4,280 crore for FY 2024
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
Waaree Energies partners Ecofy for low-cost finance to rooftop solar customers
Waaree Energies Ltd, India’s largest solar PV module manufacturer, has partnered with Ecofy, a non-banking finance company backed by Eversource Capital, to provide low-cost, hassle-free finance to homeowners and MSMEs adopting rooftop solar systems.
India tendered ‘record’ 70 GW of renewables in FY 2024
India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
The proposed REC subsidiary at GIFT City will engage in lending, investment, and other financial services, contributing to the growth of India’s energy sector.
