BluPine Energy secures INR 1,787 crore from NaBFID to strengthen renewable energy portfolio
BluPine Energy has secured INR 1,787 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will allow it to optimize cost structure and expand renewable portfolio.
U.S. government raises tariffs on imports from Chinese solar producers operating in Vietnam
The U.S. Department of Commerce dramatically increased tariffs on imports from Chinese solar producers operating in Vietnam after the agency concluded that China is subsidizing raw materials for its companies to use in their Vietnamese factories.
L&T, John Cockerill collaborate on concentrated solar power and thermal energy storage
The partnership combines Larsen & Toubro’s end-to-end expertise in manufacturing, EPC and services with John Cockerill’s expertise in concentrated solar power and thermal energy storage technologies to deliver round-the-clock green power solutions to Indian businesses.
Solar wafer prices trend upward as China’s domestic demand surges
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
CARE upgrades Waaree Energies’ credit rating to A+
Waaree Energies’ healthy order book of 26.5 GW (worth INR 50,000 crore) as on Dec. 31, 2024 provides a strong revenue visibility. Going forward, the demand prospects for the company are expected to remain strong in the domestic market, given favourable government policies.
Renewable energy hiring to surge around 18% in FY25 as demand for skilled professionals rises, finds Teamlease Services
The demand for specialized skills continues to rise, with an emphasis on engineering, project management, data analytics, and sustainable energy solutions. Job roles such as solar panel installers, energy auditors, and operational support professionals are in demand.
VGF-supported battery storage target increased to 13.2 GWh
The Indian government has increased the battery storage target under the viability gap funding (VGF) scheme to 13.2 GWh by FY 2027-28. The scheme provides financial support for up to 40% of the BESS capital cost.
The Hydrogen Stream: BPCL collaborates with BluJ Aerospace, ANERT, and CIAL for world’s first hydrogen-powered VTOL aviation ecosystem
Bharat Petroleum Corp Ltd (BPCL) will establish hydrogen refuelling infrastructure for the hydrogen-fueled vertical take-off and landing (VTOL) aircraft developed by BluJ Aerospace. It will also design and develop an indigenous proton exchange membrane (PEM) hydrogen fuel cell with high power density to facilitate vertical lift-off.
In India, ISTS connected green open access market to add 40 GW capacity by 2030
The Inter-State Transmission System (ISTS) could achieve a green open access (OA) capacity of around 40 GW by 2030, provided that transmission bottlenecks are resolved, and no other significant obstacles emerge. This will represent approximately one-third of green OA capacity in India by 2030.
Indian solar manufacturers must prepare for evolving trade environment, says Rubix report
While Indian solar PV exporters may benefit in the short term from China’s reduced access to the US market, they must prepare for potential disruptions, both from Chinese price competition and possible US tariffs on Indian goods, says a new report by Rubix Data Sciences.
