Viraj Profiles announces commissioning of 130 MW DC solar plant for self-consumption
The solar plant in Maharashtra, established in partnership with Avaada, will power Viraj Profiles’ Tarapur stainless steel manufacturing operations.
Financial incentives, awareness could boost energy transition among MSMEs: WRI India
A new working paper by WRI India identifies existing gaps and offers suggestions to design policies that assist micro, small and medium enterprises (MSMEs) to switch to clean energy at a faster rate.
Financing the MSME sector to power India’s renewable energy goals
India has already seen several success stories where innovative financing has empowered MSMEs in the renewable energy sector. For instance, the Indian Renewable Energy Development Agency (IREDA) has launched schemes specifically designed for MSMEs. These schemes offer concessional loans and financial assistance, making it easier for MSMEs to undertake renewable energy projects.
$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
Industry tie-ups and innovative financing mechanisms will drive MSMEs’ renewable energy adoption in India
Innovative financing mechanisms, such as credit guarantees and first-loss coverage, are essential to funding MSMEs’ adoption of renewable energy.
Radiance, PIDG form JV for C&I solar, hybrid projects in India
Radiance Renewables and UK-based investor Private Infrastructure Development Group (PIDG) have announced a joint venture to develop greenfield solar and hybrid wind-solar energy projects for commercial and industrial (C&I) clients in India.
BluPine Energy secures solar PPA with APL Apollo Group
BluPine Energy will set up a 61.65 MW solar plant in Chhattisgarh for consumption by APL Apollo Building Products and other offtakers.
Siegwerk inaugurates solar plant for consumption by its Bhiwadi printing ink facility
The solar plant, located in Jaisalmer, is expected to generate 2,028,000 kWh of electricity per year, significantly contributing to Siegwerk’s renewable energy targets.
TBEA launches inverters for C&I projects
TBEA has developed new products with nominal power ratings of 75 kW to 110 kW and efficiencies of 98.6%. Their European efficiency rating is 98.4%.
Havells India to ramp up solar power capacity to 16 MW
Havells India will expand the solar power generation capacity for self-consumption to 16 MW by installing a 4.6 MW solar power plant at its Alwar facility this fiscal.
