Renewables share in India’s power generation mix to reach 35% by 2030: ICRA
Ratings agency ICRA projects the share of renewables (including hydro) in India’s power generation mix to rise to 35% by FY 2029-30, from 21% in FY 2024.
Godrej & Boyce commissions 25 MW ground-mounted solar project in Maharashtra
The project located in Dhule is spread over 52 hectares and will generate 45 million units annually
World now has five times more PV than nuclear power
According to the World Nuclear Industry Status Report 2024, the world had 408 operational reactors producing 367 GW in the middle of the year, which is significantly less than installed capacity predictions for solar by the end of the year and five time less the world’s cumulative PV capacity.
NTPC Green Energy files draft papers for $1.19 billion IPO
The initial public offer (IPO) will comprise only a fresh issue of equity shares, with no offer-for-sale component included.
Sunsure Energy, REC sign MoU for INR 10,000 crore to develop green energy projects
REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.
Sunsure Energy to supply 21 MW solar power to Lupin’s Tarapur facility
Sunsure will supply solar power to Lupin from its 100 MW (150 MWp) PV plant in Solapur.
Orkla India partners CleanMax for 100% renewable power supply to Karnataka factories
Orkla India has partnered with CleanMax to develop a 6.6 MWp solar captive power project for self consumption.
AMPIN, Sumitomo form corporate renewables joint venture
AMPIN Energy Transition and Japan’s Sumitomo Corp. have formed a joint venture company, AMPIN C&I Power, to develop renewable energy sources in India and supply the generated power to commercial and industrial clients under power purchase agreement model.
India to face significant land, water challenges in scaling renewables beyond 1.5 TW, says CEEW study
A new report by CEEW states that India’s unconstrained RE potential exceeds 24 TW (terawatts), but not all of it is achievable. Even reaching the 7 TW required to achieve net-zero emissions by 2070 will require a holistic approach to addressing challenges such as land access, climate risks, land conflicts, and population density.
SmartHelio launches AI-powered solar forecasting tool with accuracy up to 98.5%
SmartHelio’s solar analytical tool leverages socio-economic and climate data to deliver high accuracy in predictive analytics.
