Finance

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 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.

Panasonic Life Solutions India has partnered with Aerem Solutions to facilitate financial assistance for its solar customers in the residential and commercial & industrial (C&I) sectors.

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 International Renewable Energy Agency (IRENA) discussed the financing landscape for small island developing states (SIDS) and mechanisms to accelerate the energy transition at the United Nations 4th International Conference on Small Island Developing States.

The clean hydrogen market must navigate technological, political, and economic uncertainties to realise its full potential.

The upgrade factors in Adani Green Energy Ltd’s continued strong operational asset performance, strong execution scale-up with annual capacity additions likely to be 4 GW-5 GW annually over the medium term, and healthy counterparty diversification and reduction in receivables, leading to an increase in the cash flow from operations.

A new study by government thinktank NITI Aayog provides state-wise renewable energy potential that can be harnessed by states to meet their renewable purchase obligations, RE capacity that needs to be procured by the deficit states from other RE-rich states, and storage requirement to meet the required grid balancing. The study was carried out with the support of the Central Electricity Authority and the Ministry of New and Renewable Energy.

Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.

Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.