The PV plant, situated in Maharashtra, is owned and operated by Lightsource BP’s renewable energy arm Lightsource Renewable Energy (India) in finance partnership with UK government-funded green investment platform UKCI.
India installed 14GW of new PV in 2021. This year, utility-scale developers are pushing to import modules and build inventory for 2022 installations, before a basic customs duty goes into effect in May, with a 40% duty for module imports and 25% for cells. PV module distributors are also expected to build their inventories to save on duties and have enough supply for the C&I segment in 2022. After assessing the country’s current demand, project pipeline, and module availability, IHS Markit’s Dharmendra Kumar forecasts 18GW to be added in 2022.
Green hydrogen cost in India could reduce by 20-30% to INR 230-240/kg with the measures announced under the National Hydrogen Policy. A further cost reduction to achieve parity with grey hydrogen by 2030 is possible, provided policymakers don’t overlook five critical areas.
The COVID-19 outbreak impacted the solar industry in terms of cash flow, payment collection from distribution businesses, working capital needs, workforce availability, and, most critically, supply chain availability. The government’s response to this situation was mainly positive.
Through this initiative, the National Solar Energy Federation of India (NSEFI) and Hydrogen Association of India (HAI) will drive the industry response to promote indigenous manufacturing, advocate policy measures, and support pilot projects while facilitating industry-academia collaboration.
Those put under the waiting list include Mahindra & Mahindra Limited, Exide Industries Limited, Larsen & Toubro Limited, Amara Raja Batteries Limited, and India Power Corporation Limited.
The Kolkata-headquartered solar manufacturer has filed draft papers with SEBI for its initial public offering (IPO), which comprises a fresh issue of up to INR 1,500 crore and an offer for sale (OFS) of up to five million equity shares by the existing shareholders.
A new report by IEEFA proposes enhancing India’s electric vehicle (EV) adoption strategy as an alternative to further promotion of blended fuel, given the land-use efficiency gap between renewable energy generation for EV charging and cultivation for ethanol blending in fuels. Matching the distance driven by electric vehicles (EVs) charged from one hectare of solar generation would require ethanol derived from up to 251 hectares of sugar cane or 187 hectares of maize, it estimated.
The company has deployed 3,600 AC and 1,400 DC electric vehicle (EV) chargers across 200 cities in 20 States of India.
UK-headquartered ArcelorMittal will own and fund a hybrid wind-solar project with energy storage for round-the-clock RE supply to the Hazira plant of its joint venture ArcelorMittal Nippon Steel India. Greenko will design, construct and operate the project.
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