Gensol Engineering revenue soars 144% in fiscal 2022-23
The Ahmedabad-based solar EPC and advisory services provider has recorded a revenue of INR 391.61 crore for the fiscal year ended March 31, 2023, defying the headwinds posed by volatile commodity prices.
Tata Power Delhi discom signs $20.2 million financing deal with ADB
Tata Power will use the secured financing to enhance Delhi’s power distribution through grid enhancements and a battery energy storage system.
Grew wins 2 GW wafer-to-module capacity under PLI Scheme
Ahmedabad-based Grew Energy will receive incentives of INR 566.71 crore for 2 GW of integrated wafer-cell-module manufacturing.
Amp Energy India wins 1 GW solar cell and module capacity under PLI Scheme
The renewable energy developer has won incentives of INR 140 crore ($17 million) for 1 GW of integrated solar PV cell and module production capacity.
SJVN secures $111.3 million Japanese loan to fund solar projects
SJVN has secured around INR 915 crore ($111.3 million) loan to partly finance its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat.
Avaada Group wins 3 GW solar manufacturing capacity under PLI Scheme
Avaada Group won a production-linked incentive of INR 961 crore ($116.78 million) for 3 GW of wafer-to-module capacity.
India’s energy transition presents $25 billion annual investment potential: Avendus Capital
India attracted around $10 billion of annual investment in the renewable energy sector over the last five years. High economic growth and a stable commitment to decarbonization have drawn the attention of major organizations and investors from around the world.
ReNew repaid over $1 billion to offshore bondholders in FY2023
The amount repaid included the most recent amortization of $180 million this month.
Indosol, Reliance win production-linked incentives for poly-to-module manufacturing
Eleven companies have emerged winners in the second round of production-linked incentive scheme for high-efficiency solar modules. Out of these, Indosol, Reliance, and First Solar have won incentives for fully integrated manufacturing capacities.
IREDA touches new record in lending for renewable energy projects
Indian Renewable Energy Development Agency Ltd (IREDA) disbursed loans of INR 16,320 crore and sanctioned INR 32,578 crore for renewable energy projects, in FY 2022-23.
