The Hydrogen Stream: Adani, Advait, Waaree secure capacity in SECI’s second electrolyzer tender
Solar Energy Corp. of India (SECI) has allocated 1.5 GW of capacity to eleven companies in its second electrolyzer manufacturing tender.
AM Green brings million-ton green ammonia project to FID
AM Green Ammonia has reached final investment decision (FID) on its first million-ton green ammonia project in Andhra Pradesh. Majority of production from the plant will be exported to Europe.
Tata Power Solar partners ICICI Bank for easy financing to residential and corporate customers
ICICI Bank will provide low-cost loans to residential and corporate customers for purchase of Tata Power solar panels.
BC Jindal Group enters renewable power generation, solar manufacturing
BC Jindal Group, a flexible packaging film and downstream steel product manufacturer, has formed a dedicated entity, Jindal India Renewable Energy (JIRE), with an aim to generate 5 GW of power from solar, wind, hybrid and FDRE modes. JIRE will also manufacture solar PV cells and modules.
Premier Energies IPO to open for subscription from Aug. 27
Premier Energies intends to use INR 968.6 crore from the net proceeds to part-finance the establishment of a 4 GW TOPCon solar cell and module manufacturing facility in the Hyderabad district of the Indian state of Telangana. Amount not exceeding 25% of the gross proceeds will be utilized for general corporate purposes.
Exide Industries invests INR 75 crore in lithium battery arm
Exide Industries Ltd has invested INR 74.99 crore in lithium battery arm Exide Energy Solutions by way of subscription to the equity share capital on rights basis.
Gensol Engineering, Matrix Gas consortium wins 237 MW hydrogen electrolyser manufacturing capacity under PLI Scheme
Gensol Engineering Ltd, in collaboration with Matrix Gas and Renewables, has emerged as a winner bidder for 237 MW of annual electrolyzer manufacturing capacity under the government’s production-linked incentive (PLI) scheme. With this, it has secured a cumulative 300 MW capacity under the PLI tender launched by Solar Energy Corp. of India (SECI), including 63 MW awarded in the first round.
Optimizing renewable energy project in the face of climate change
Stable government policies, adaptable technological solutions, diversified investments, robust financial planning, and active community engagement are crucial for achieving long-term success in the renewable energy sector.
Adani Energy Solutions raises $1 billion via QIP route
Adani Energy Solutions Ltd will utilize the proceeds for building the bulk evacuation corridors for renewable power, smart metering business, debt repayment, and general corporate purposes.
Websol Energy System posts profit in Q1
The Kolkata-based solar cell and module manufacturer has reported a total income of INR 111.83 crore and a net profit of INR 22.88 crore for the April-May-June quarter of FY 2024-25
