Fourth Partner secures $275 million equity investment from IFC-ADB-DEG Consortium
The equity infusion will fund Fourth Partner Energy’s business expansion plans to achieve 3.5 GW renewable energy asset portfolio by 2026.
Global battery market crisis: Will SECI benefit as oversupply sparks industry chaos?
The global battery glut is likely to influence the price discovery of Solar Energy Corp. of India’s tender for 2 GW solar with 1 GW/4 GWh energy storage system, writes Ali Imran Naqvi, executive director (ED), Gensol Engineering Ltd.
Advancing renewable energy through technological innovation and digitalization
To accelerate the adoption of technological innovation and digitalization in the renewable energy sector, concerted efforts are needed from policymakers, industry leaders, and technologists alike. Governments can create supportive policy environments, invest in research and development by providing incentives, at the same time supporting early-stage companies by creating favorable regulatory environments to fostering public-private partnerships.
Thermax exploring green hydrogen production through biomass, electrolysis routes
Thermax, which partnered with Australia’s Fortescue Future Industries (FFI) last year, is looking at different ways of green hydrogen generation for commercial and industrial customers in India.
Data center power loads threaten corporate net-zero goals
The International Energy Agency (IEA) projects that by 2026, data centers will consume more than 800 TWh annually, more than double their consumption in 2022.
Oorja raises $1.5 million to scale its solar farming-as-a-service model
Oorja owns, operates and maintains decentralised solar infrastructure at the farm level and sells solar-powered irrigation, milling and cooling services to smallholder farmers on a pay-per-use basis.
Can the grid cope with the surge in electricity demand?
The grid needs to modernize to meet a booming demand for electricity, which is only predicted to grow even further in coming years. IEC Standards are key to help with the transition.
Sunsure Energy starts solar power supply to APL Apollo in Uttar Pradesh
Sunsure will supply 10.5 million units of solar power annually to Apollo Pipes and Apollo Metalex from its PV plant in Mahoba, Uttar Pradesh, helping both the companies to meet over 50% of their power requirement with clean, renewable energy.
India can leverage its solar and storage edge to avoid power shortages
Large-scale solar + storage deployment is the main option left to avoid power shortages, as they can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar + storage auction results, with a record low price of INR 3.4/kWh, show that such deployment will be highly economical, says a new study from the University of California’s India Energy and Climate Center.
Waaree Renewable Q1 profit up 209% YoY
Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 236.35 crore and net profit of INR 28.16 crore for the first quarter of FY 2024-25.
