The Hydrogen Stream: NTPC Green Energy, BLP sign green hydrogen MoU
NTPC Green Energy Ltd (NGEL) and Bharat Light and Power (BLP) signed a Memorandum of Understanding (MoU) to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
Power ministry mandates energy storage co-location with solar projects
India’s Ministry of Power has mandated that all renewable energy implementing agencies (REIAs) and State utilities must incorporate a minimum of two-hour co-located energy storage systems (ESS), equivalent to 10% of the installed solar project capacity, in future solar tenders.
Credit Fair secures $5 million from BII to fund rooftop solar projects in India
Credit Fair has raised $5 million in debt from from the $75-million Green Basket Bond issued by Symbiotics Investments and subscribed to by British International Investment. It will deploy the amount to fund 2,500 new rooftop solar projects.
U.S. Environmental Protection Agency seeks to ‘instantly terminate’ $20 billion in clean energy grants
Administrator Zeldin said there will be “zero tolerance of any waste and abuse,” saying financial agreements under the Greenhouse Gas Reduction Fund must be “instantly terminated.”
Germany hits 100 GW solar milestone
The country installed around 1.12 GW of new PV capacity in January, thus raising its cumulative installed solar power over the 100 GW threshold.
Reliance Industries awarded 10 GWh advanced chemistry battery capacity under PLI Scheme
India’s Ministry of Heavy Industries has signed a programme agreement with Reliance New Energy Battery Ltd for 10 GWh capacity under the production-linked incentives (PLI) Scheme for advanced chemistry cells.
Reliance Infrastructure to enter solar, battery manufacturing
Reliance Infrastructure Ltd (RInfra) has announced its plans to set up integrated solar equipment and battery manufacturing units. It has appointed Ivan Saha as chief executive officer (CEO) for the renewable manufacturing business, and Mushtaque Hussain as CEO for battery manufacturing.
Enhanced Innovations develops solar-powered cold storage unit for ‘last mile’ vaccine transport
India’s Enhanced Innovations has developed the Phloton active cooling vaccine carrier with a 14-hour lithium battery backup and solar charging support.
Adani moves to allay fundraising fears
Following the indictment of its chairman, Gautam Adani, in the United States over bribery allegations, questions are being asked about Adani Group’s ability to raise capital. With the charges related to solar, India’s PV industry has wider concerns. Adani Group refutes the allegations and says it is as robust as ever.
Borosil Renewables posts INR 8.64 crore net loss in Q3
The solar glass manufacturer said all of its major export markets are showing lower demand due to low level of local manufacturing as cheap modules imported from China dominate the installations.
