Adani TotalEnergies E-Mobility, Evera Cabs partner to develop charging hubs
The two partners will initially set up a large-sized super hub in Samalkha, New Delhi, with 200 EV charging points. It will have a combination of AC and DC chargers and will support Evera consumers as well as other cab aggregators and individual EV owners.
Unveiling India’s carbon credit revolution: From local initiatives to global impact
The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.
Exide seeks land for additional 6 GWh lithium battery cell capacity
Exide Energy Solutions, which is building a 6 GWh lithium-ion cell manufacturing facility in Karnataka, has sought additional 40 acres of land for expansion to 12 GWh in the state.
“Pumped hydro storage is the most emerging opportunity in power sector”: NHPC chairman
RK Vishnoi, chairman and managing director of NHPC, said pumped storage will be the mainstay for NHPC in the near future. The state-owned power producer has already signed MoUs to develop multiple gigawatts of pumped storage projects in Andhra Pradesh, Gujarat, Maharashtra, and Odisha.
PFC reports record profit in FY 2022-23
Power Finance Corp. (PFC), the largest lender to the Indian power sector, recorded a net profit of INR 11,605 crore in FY 2022-23.
Tata Power to add 9 MWp solar at Tata Motors’ Uttarakhand factory
Tata Power Renewable Energy Ltd will develop an additional 9 MW ground-mount solar plant at Tata Motors’ Pantnagar factory in Uttarakhand, taking the facility’s cumulative PV capacity to 16 MWp.
Sunsure signs solar PPA with Ayurveda major Dabur
Sunsure will establish a solar power plant to supply electricity to Dabur’s factory in Ghaziabad under a 25-year purchase agreement.
Driving renewable energy adoption: Challenges and opportunities
India’s robust economic growth translates to rising demand for energy. This demand provides a substantial market for renewable energy investments, encouraging firms to venture into this sector. However, as the nation marches ahead in RE adoption, it needs to overcome challenges like high capital costs and inadequate grid infrastructure.
ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
NTPC starts trial run of hydrogen bus in Leh
The first-of-its-kind green hydrogen mobility project at 11,562 feet will harness green hydrogen using renewable power from a co-located, dedicated solar plant of 1.7 MW.
