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GEAPP unveils new projects and shares progress to date at COP28 as it pushes to accelerate renewable energy action
India, along with 10 first-mover countries, will join the BESS Consortium to secure 5GW of BESS commitments by 2024, with deployment by 2027.
Gogoro launches battery swapping ecosystem in India
Gogoro opens battery swapping network in Delhi and Goa with plans to expand to Mumbai and Pune, Maharashtra, in the first half of 2024.
Thermax to bridge the gap between energy availability and sustainability with green and efficient solutions
Secures orders exceeding Rs. 500 crore for the establishment of five bio-CNG plants
Outlines plans to deploy 1 GW of hybrid renewable energy solutions within the next three years
ABB and Gravitricity to collaborate on energy storage systems using end-of-life mine shafts and hoist technology
ABB has signed an agreement with UK-based gravity energy storage firm Gravitricity to explore how hoist expertise and technologies can accelerate the development and implementation of gravity energy storage systems in former mines.
TNC India recommends low impact siting for renewables in India, Latin America, and Sub-Saharan Africa at COP28
TNC India’s homegrown Siteright tool helps identity land parcels where solar and wind development has none or negligible socio-ecological conflicts, thereby supporting timely project deployment and reducing project costs.
U.S.-India Energy Storage Task Force kicks off
The U.S.-India Energy Storage Task Force will facilitate information exchange on existing and planned energy storage projects; share experiences on innovative business models and financing structures; and assess the state of energy storage technologies and provide suggestions on the upcoming & promising technologies.
REC signs 200 million euro loan with German Bank KfW to propel distribution sector reforms
This marks REC’s sixth line of credit under the Indo-German Development Cooperation and demonstrates the commitment to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the Government of India (GoI).
Dual financing approach being adopted to elevate MSMEs’ contribution in renewable energy transition: IREDA CMD at COP28
Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA)Shri Pradip Kumar Das has highlighted the significance of lending to Micro, Small & Medium Enterprises (MSMEs) in the Renewable Energy sector, emphasizing both its economic and environmental contributions.
IndiGrid raises INR 670 crores through institutional placement
Total equity/unit capital raised during FY2023-24 cross INR 1,050 crore
India on its Way to Set New Standards for COP 28
India enhanced the target in COP 27 to achieve now 50 percent of the installed capacity by 2030 as against the Paris commitment of 40 percent. We shall achieve this as well. Not only this we will even surpass this target for COP 27 maybe to set new standards of for COP 28: Ghanashyam Prasad, Chairperson, CEA, Ministry of Power
