India

The latest update to the Approved List of Models and Manufacturers (ALMM) includes Gautam Solar’s mono PERC ten-busbar half-cut and mono PERC five-busbar full-cell panels.

Players in the electric vehicle (EV) hope the government will bring down the goods and services tax (GST) on EV batteries to 5% and lower duties on raw materials required for cell manufacturing. They also call for easy, low-cost EV finance to drive customer adoption. 

NTPC Renewable Energy Ltd has tendered the balance-of-system (BoS) package with land for 1 GW of solar projects with green shoe option for additional 500 MW. Bidding is open until January 21.

Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.

Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.

The Pune-headquartered solar pump controller and solar cold storage solutions provider will use the funds to expand beyond India and tap business opportunities beyond agriculture. 

The state aims to emerge as a green hydrogen hub and decarbonize energy-intensive industries like fertilizers, steel, chemicals, and petroleum.

Bharat Petroleum Corp. Ltd, which targets 1 GW of renewable energy by 2025 and 10 GW by 2040, has signed an agreement with the government of Rajasthan to build a 1 GW renewable energy plant with an investment of INR 5,000 crore.

The State government has signed agreements for various giga-scale projects across renewable energy generation, solar manufacturing, pumped hydro storage, and green hydrogen.                                                                                                                

Bihar-based Husk Power Systems, which serves rural Asia and Africa, became EBITDA positive in the fourth quarter of 2022 in India and Nigeria.