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Kerala government collaborates with Social Alpha on developing clean energy startup ecosystem
The focus will be on clean energy technologies promoting smart grids, transition to renewables, and climate action by setting up of a joint Incubation Centre in Kerala for strengthening the early-stage innovation ecosystem.
IREDA and Goa Shipyard Ltd signs MoU for rooftop solar power projects
Indian Renewable Energy Development Agency Ltd. (IREDA) today signed a Memorandum of Understanding (MoU) with Goa Shipyard Limited (GSL) to provide its techno-financial expertise to set-up a rooftop solar power project. The two companies are PSUs under the Ministry of New & Renewable Energy and the Ministry of Defence, respectively.
Ola to set up advanced engineering and vehicle design in the UK
Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global center for advanced engineering and vehicle design.
EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd.
EKIESL will now assist ISCDL to monetize the carbon credits generated by its numerous green initiatives. This is the second contract that EKIESL has won from ISCDL after the successful generation of additional revenues of approx. Rs. 8.34 crores within FY 21-22 under the existing contract.
Sterlite Technologies wins INR 170-crore unified network management contract for PGCIL
Leveraging its software-defined networking solution, STL will deliver a customised Unified Network Management System (UNMS) offering advanced automation, programmable configuration and actionable insights.
Power minister reviews progress of Solar Roof Top Scheme; directs to simplify scheme
The minister has directed that henceforth, it will not be necessary for any household to get the roof top solar installed by any of the listed vendors. The households may also install the roof top by themselves or get the roof top installed by any vendor of their choice, and inform the distribution company about the installation alongwith a photograph of the system which has been installed.
Torrent Power Limited wins prestigious “Sword of Honour” and “Globe of Honour” awards from British Safety Council
Torrent Power is one of just 5 organizations (of which 2 including Torrent Power are electric utilities) worldwide to receive both these prestigious recognitions in 2021.
Amp Energy secures $350 million cross-jurisdictional portfolio financing
Amp Energy (“Amp”), a global Energy Transition Platform and renewable energy developer, announced today the closing of an innovative $350 million cross-jurisdictional credit facility with a consortium of leading institutional investors including Brookfield Asset Management, a leading sovereign wealth fund, and Nomura Securities.
PFC-REC make further reduction in lending rates
State-owned Non-Banking Financial Companies, Power Finance Corporation and REC Limited have further reduced their lending rates across all types of loans by 40 Bps.
Cabinet approves infusion of INR 1,500 crore in IREDA
This equity infusion will help in employment generation of approximately 10,200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 million tonnes CO2/year.
