Rays Power Infra raises INR 127 crore equity capital
Rays Power Infra will use the funds to develop solar and wind parks with a cumulative capacity of around 3 GW. Additionally, it will invest in both backward and forward integration of its business.
Budget 2024-25: Key highlights and analysis
Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector.
Budget 2024-25: India imposes customs duty on solar glass imports, exempts equipment for cell and module manufacturing
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
PM Surya Ghar Muft Bijli Yojana: Challenges and Solutions
Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured INR 436 crore ($52.85 million) debt finance from State Bank of India to advance its 120 MW solar project in Gujarat.
Sterling and Wilson Renewable Energy revenue grows 78% YoY in Q1
Sterling and Wilson Renewable Energy posted a revenue of INR 915 crore and net profit of INR 5 crore for the current fiscal’s first quarter ending June 30, 2024. The company reported strong order inflow of INR 2,170 crore in the quarter.
Tata Power to invest INR 20,000 crore capex in FY 2025
Tata Power chairman N Chandrasekaran announced that a large part of the investment will go in accelerating the company’s renewable energy portfolio. The balance will be used towards transmission and distribution businesses.
VinFast exploring Andhra Pradesh for second EV and battery plant in India
Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.
The EV charging boom: A $1 trillion opportunity by 2040
The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.
