Federal Bank, Ecofy partner on financing for MSME rooftop solar
The co-lending program targets financing 3,600 kW of rooftop solar installations annually, benefiting numerous micro-, small and medium-sized enterprises (MSMEs).
ISA, USAID sign MoU to advance grid interconnections
The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) will work together to establish and expand clean energy transmission networks across regions such as South Asia, the Persian Gulf, Southeast Asia, and Africa, supporting the development of a unified grid to facilitate the large-scale transfer of clean power.
Torrent Power raises INR 3,500 crore through QIP
Top investors include SBI Mutual Fund, Kotak MF, NPS Trust, New World Fund, American Funds Insurance Series Global Growthfund, and Nippon Life.
How developing economies are leading the surge in solar power
Favorable government policies have played a crucial role in driving the adoption of solar energy in emerging economies. However, investment in grid modernisation and energy storage solutions is crucial to unlock the next level of sustainable solar integration in these economies.
India added 20 GW solar in twelve months ending October
A strong pipeline exists, and SBICAPS expects cumulative 50 GW of solar and wind additions in FY 2025 and FY 2026.
Hitachi Energy HVDC technology selected by PowerGrid to transmit renewable energy from Khavda to Nagpur
The consortium of Hitachi Energy India Ltd and Bharat Heavy Electricals Ltd (BHEL) will design and execute the high-voltage direct current (HVDC) link to transmit renewable energy from Khavda in Gujarat to the industrial center of Nagpur in Maharashtra.
IndiGrid, BII, and Norfund form $300 million platform to develop greenfield transmission and BESS projects in India
IndiGrid has partnered with British International Investment (BII) and Norfund to form a $300 million platform, EnerGrid, to develop greenfield transmission and standalone battery energy storage system (BESS) projects in India.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
Hitachi Energy introduces Grid-enSure to advance India’s transition to sustainable energy
Hitachi Energy’s Grid-enSure portfolio comprises high-voltage direct current (HVDC), static compensator, static frequency converter, medium-voltage direct current solution, energy storage and semiconductor solutions to address the challenges in integrating renewables into power systems.
Hartek crosses 10 GW solar milestone
Hartek Group has surpassed 10 GW of solar projects across its power systems, transmission and distribution (T&D), and renewable EPC business units.
