BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
Trump orders pause to IRA funding
An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
Blue Energy to set up EV truck, battery manufacturing facility in Maharashtra
Blue Energy Motors has signed an agreement with the Government of Maharashtra to set up a manufacturing facility designed to produce 30,000 EV trucks annually. The facility will also house a battery pack line.
S&P Global: Annual battery cell production passes 10 billion, lower prices to stimulate demand
While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
Five solar businesses added to forced labor list, banned from U.S. entry
Under the Uyghur Forced Labor Prevention Act (UFLPA), five businesses in China were added to an entity list, making them ineligible to provide products and services in the United States.
MENA region hits 24 GW (AC) of total solar capacity
The Middle East Solar Industry Association’s (MESIA) latest report says solar capacity in the Middle East and North Africa (MENA) region grew by 25% in 2024, with local manufacturing and energy storage also accelerating.
Global solar module prices mixed on varying demand expectations
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.
Residential rooftop solar scheme presents over INR 1 trillion opportunity for component manufacturers
Residential rooftop solar scheme PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) has the potential to catalyze an INR 1.2 trillion ecosystem, with PV module, inverter, mounting equipment, and electrical component manufacturers as the primary beneficiaries alongside project developers and EPC players, says a new report by SBICAPS.
Corporate funding in solar sector globally falls 24% to $26.3 billion in 2024
Mercom Capital Group says inflation, high interest rates, trade disputes and policy ambiguity all contributed to a drop in corporate funding and merger and acquisition (M&A) activity in the solar sector last year.
