Uma Gupta
Waaree Renewable awarded 180 MW solar project in Tamil Nadu
After 140 MW in Gujarat, the company has secured a 180 MW DC solar project in Tamil Nadu. It shall set up the plant on a turnkey basis.
Additional PLI funds will push solar sector to achieve 2030 target
India should not just rely on solar equipment imports but also promote domestic manufacturing to ensure an uninterrupted march to its 280 GW target of installed solar power capacity by 2030. The budgetary allocation of an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar provides the much-needed impetus for domestic production, say GlobalData analysts.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
Adani Green Energy raises INR 612 crore for debt refinancing
The developer’s three arms, which collectively have 930 MW of operational solar power projects, have raised INR 612.30 crore (US$81.96 million) through their maiden domestic bond issuance. The proceeds will be utilized to part-refinance existing rupee term loan bearing higher interest cost.
India’s annual lithium battery market will reach 116 GWh in eight years
The annual demand for lithium-ion batteries in India will reach 116 GWh in FY 2029-30, with electric vehicles (EVs) accounting for 90%.
Scatec and Acme put their 900 MW Rajasthan solar project on hold
Norway’s Scatec, which has a 50% stake in Acme’s 900 MW solar project in Rajasthan, cited a lack of domestic solar panel supply and the 40% import duty on solar panels effective from April as the reasons for putting the PV project on hold.
Rajasthan to create geo mapping-based data bank for renewable energy projects
The move is aimed at identifying chunks of land for solar plants and solar parks as the State government looks into the possibility of developing more capacity in the state and further increasing its ‘37.5 GW by 2024-25’ renewable energy generation target.
Tata Power to deploy electric vehicle charging stations at Apollo Tyres retail outlets
Tata Power has signed the deal to set up electric vehicle (EV) charging stations at Apollo Tyres’ 150 branded retail outlets. In addition to the customers visiting these tyre retail outlets, the charging stations would be open for use by the general public as well.
With green bonds push, the sun continues to shine for renewable energy financing in India
With the issuance of sovereign green bonds, several global investors will be interested in taking exposure to the Indian renewable energy market that is brimming with opportunities in hybrid, storage, round-the-clock, and rooftop solar projects.
Dalmia Cement expands solar plant capacity to 17.1 MW
The cement manufacturer has added 14.7 MW of ground-mounted solar power plant to supply green energy to Kaplias Cement Works plant in the Cuttack district of Odisha.
