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BSES to purchase 510 MW of solar, hybrid power from SECI
Under the 25-year agreement with SECI, the solar and hybrid power is expected to be available to Reliance Infrastructure led BSES discoms 18 months after signing of the agreement at a very competitive tariff of INR 2.44 per unit for solar and INR 2.48 per unit for hybrid.
Indian Energy Exchange announces unaudited financial results for the Q1 FY2021-22
India’s premier energy exchange IEX has announced that its revenues on a standalone basis grew by 27.1% YoY from INR 80.54 crore in Q1FY’21 to INR 102.38 crore in Q1 FY’22. The PAT grew by 48.4% with PAT margin at 62.1%.
Union Cabinet approves PLI Scheme for specialty steel
Incentives worth INR 6,322 crore to be provided over five years for manufacturing of these products in India.
VegEase begins 100% EV adoption in last-mile logistics for e-grocery
The initiative will lead to an annual reduction of at least 3000 tonnes of CO2 emission by 2024.
Siemens Gamesa secures second major deal in July with ReNew for 322 MW
The Tondehal 322 MW project with ReNew Power follows the 301 MW Hombal project signed with company in early July. Both are in the state of Karnataka. The company will supply 180 SG 3.4-145 wind turbines for both projects (Tondehal 93 units and Hombal 87), which will be manufactured at its facilities in India.
Godrej & Boyce bags INR 100+ crore order for 400kV GIS substation project in Mumbai
The company eyes a revenue over INR 1000 crore in the next two years for the power Infrastructure and renewable energy arm.
Terra Motors and Pooja Finelease join hands to ease electric vehicle financing in India
Terra Motors is one of the early movers in the Electric Vehicle manufacturing in India especially in the 3W EV segment. Headquartered in Japan, Terra Motors captured the India segment by setting up their manufacturing division locally in Kolkata (West Bengal) by using local resources as well as 50% of its raw material locally..
India to emerge as a leader in Green Hydrogen and Green Ammonia, says power minister R.K. Singh
The government will come out with a Green Hydrogen Purchase Obligation for different sectors like petroleum and fertilizer. This will also provide huge demand for domestically manufactured solar and wind equipment as well as storage.
Gadkari emphasizes on infrastructure development for growth and economy of renewable energy sector
The Minister said India is already on track to reach its goal of 175 gigawatts of installed renewable capacity by 2022.
EME technology for Indian solar glass producer Borosil
Germany’s EME GmbH is a leading supplier of batch preparation plants, cullet handling equipment and batch charging technology for the glass industry.
