India needs $385 billion investment to meet its renewable energy target: Moody’s
India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
Addressing the interconnected challenges of land degradation and climate change
By forging ahead with solar-powered land restoration initiatives, we can build resilient ecosystems, foster sustainable livelihoods and safeguard our planet for generations to come.
India’s solar energy sector: Challenges, opportunities, and future prospects
India’s solar journey is a tale of turning challenges into opportunities, of harnessing the sun’s boundless energy to light up lives sustainably. On this World Environment Day, India’s solar saga reminds us that with innovation, policy support, and collective will, we can indeed craft a brighter, greener future—one solar panel at a time.
The future of solar energy: How R&D can bridge the gap between supply and demand
Continued investments in research and development, particularly in areas like advanced battery storage technologies and next-generation solar cell materials, coupled with supportive policies and global collaboration can unlock the full potential of solar energy and pave the way towards a brighter, more sustainable future.
H.G. Infra sets up solar subsidiaries
H.G. Infra Engineering Ltd has won 543 MW DC solar EPC projects under PM KUSUM scheme. The company is exploring additional opportunities in solar power development, including rooftop installations, and doesn’t rule out venturing into PV module manufacturing.
RWE green lights Australian first eight-hour big battery
Australia’s first eight-hour battery energy storage system is set to go ahead with German energy major RWE announcing it has taken the investment decision and signed key contracts for the Limondale battery project being developed in southwest New South Wales.
NHPC launches tender for 2.4 GW of solar
NHPC is accepting bids from developers to set up 2.4 GW of solar power projects on a build-own-operate basis anywhere in India. Bidding closes on June 29.
Aegeus Technologies raises funds from Caspian Debt
Aegeus Technologies, a robotic solar panel cleaning startup, has raised an undisclosed amount from Caspian Debt. It will use the funds for working capital.
SJVN to add 6.8 GW of wind, solar over two fiscals
SJVN expects to commission 2,498 MW of wind and solar power generation capacity in fiscal 2025 and another 4,330 MW in FY 2026.
