Uma Gupta
No funds disbursed under VGF scheme in FY25 as BESS projects fail to secure financial closure
Under the viability gap funding scheme, the central government pays for up to 30% of the capital cost for battery energy storage projects to help make these projects financially viable. The funds are disbursed in five tranches, including the first 10% upon financial closure of the project.
India installed 18.5 GW of utility-scale solar, 4.59 GW rooftop PV in 2024
Waaree Energies led solar module shipments with a 14.1% share of the overall supplies in the Indian market during Jan-Dec. 2024 period.
GameChange Solar secures tracker order for 405 MWp PV project in Khavda
GameChange Solar will supply its GeniusTracker 3.0 1P single-row systems for the 405 MWp PV project in Khavda, Gujarat.
Hitachi Energy HVDC technology selected by AESL to transmit renewable power from Bhadla to Fatehpur
Hitachi Energy India, in consortium with Bharat Heavy Electricals Ltd (BHEL), will deliver a 6 GW, 950 km HVDC link from the renewable energy zone in Bhadla, Rajasthan to Fatehpur, Uttar Pradesh.
Hindustan Power secures 425 MWp solar power project from UPPCL
Hindustan Power will develop a 425 MWp solar power project for supply to Uttar Pradesh Power Corp. Ltd (UPPCL) at a fixed tariff over a 25-year period.
SPML Infra ties up with Energy Vault to manufacture and deploy grid-scale battery storage systems in India
SPML Infra Ltd has entered into a technology transfer agreement with USA-based Energy Vault for localized production and deployment of battery energy storage systems in India.
ACME Solar secures INR 2,491 crore long-term refinancing facility
ACME Solar Holdings has refinanced its 490 MW of operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab with long-term debt facility from SBI and REC.
Karnataka awards 700 MWh in 1 GWh battery storage tender
The Karnataka Power Transmission Corp. Ltd has awarded 350 MW/700 MWh in its tender for 500 MW/1 GWh of battery energy storage systems.
Swaraj Tractors partners Mahindra Susten to develop 26 MW solar plant for self-consumption
Mahindra Susten will develop a 26 MW solar power plant to supply clean energy to four Swaraj Tractors manufacturing facilities located in Mohali and Dera Bassi, Punjab.
Indian heavy industries present 20 GW open access solar opportunity
A new report by Ember finds that steel, cement, and aluminium industries can profitably integrate 20 GW of solar power to run their operations.
