MNRE releases draft guidelines for residential rooftop solar subsidy scheme
The Ministry of New and Renewable Energy has released the draft guidelines for PM Surya Ghar: Muft Bijli Yojana which is aimed at installing rooftop solar plants in one crore (10 million) households with subsidy support from the central government.
Experion, University of Würzburg collaborate for R&D in energy systems and artificial intelligence
Experion and Germany’s Julius-Maximilians-Universität Würzburg have joined hands for research and development in the field of smart energy systems and vehicle-to-grid integration.
Building a circular economy for India’s self-reliance in battery materials
India is investing in facilities and infrastructure to recycle batteries and recover valuable materials like lithium, cobalt, and nickel. By doing this, we can reduce our need for new materials and minimize the environmental impact of battery production.
Godrej & Boyce supplies heat exchangers for green hydrogen project in Middle East
Godrej & Boyce has supplied heat exchangers for a commercial-scale green hydrogen project in the Middle East. The heat exchangers will facilitate heat transfer across various stages of the production process.
Mahindra Susten to set up 150 MW hybrid wind-solar plant
Mahindra Group’s renewables arm Mahindra Susten will develop a 150 MW hybrid wind-solar project for offtake by commercial and industrial (C&I) customers. The total project cost is about INR 1,200 crore.
Husk Power Systems secures additional $4 million in debt financing from ElectriFI
Husk has secured an additional $4 million in debt financing from ElectriFI, the EU-funded impact investment facility, further building upon ElectriFI’s initial $6 million investment in September 2022.
UK investor, Dutch bank commit $50 million loan facility to C&I renewables developer BECIS
British International Investment (BII) and Dutch bank FMO have committed a $50 million joint loan facility to support BECIS to grow its rooftop solar portfolio in India and South-East Asia to nearly 350 MW by 2025.
India’s ruling party pledges renewables, manufacturing focus in its poll manifesto
India’s ruling party Bharatiya Janata Party (BJP) has vowed continued focus on renewables, energy storage and electric mobility with a view to achieving energy independence for the nation by 2047.
India’s green hydrogen and electrolyzer market poised for significant growth
The electrolyzer market in India to supply green hydrogen for steel, ammonia, and methanol industries will soar from $4 billion in 2030 to $78 billion by 2050 if the nation stays on track to achieve its declared net zero target.
Advait partners Norway’s TECO 2030 to produce fuel cells in India
Advait Infratech and Norway’s TECO 2030 have collaborated to develop, manufacture, and commercialise fuel cells based on TECO 2030 technology.
