Mahindra Susten closes INR 1,448 crore financing for 560 MWp of solar projects
Mahindra Susten has secured a Rupee term loan of INR 1,448 crore from HDFC Bank and Axis Bank for 560 MWp of solar power projects being developed in Gujarat and Rajasthan.
Sinovoltaics updates battery energy storage system financial stability ranking
The latest financial stability ranking keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.
Reliance Power sets up renewables arm
Reliance Power has set up a new subsidiary, Reliance Nu Energies, for renewable energy business. Mayank Bansal and Rakesh Swaroop, who previously worked with ReNew Power, join Reliance Nu Energies as chief executive officer and chief operating officer, respectively.
Coal-based steelmaking plans jeopardize India’s net-zero target
The “build now, decarbonize later” approach misses the opportunity to develop steel capacity using low-emissions technologies, which could make India a leader in green steel capacity, save on decarbonization efforts later, and reduce current and future stranded asset risk in the industry.
Hitachi Energy advances energy forecasting with new AI solution
Hitachi Energy’s Nostradamus AI solution enables users to make better decisions by quickly generating accurate forecasts for solar and wind generation, market pricing, load, and more.
Avaada Group commits INR 1 lakh crore renewable energy investments in Rajasthan
Avaada Group will invest across pumped storage, green hydrogen, green ammonia, wind and solar power projects in Rajasthan.
The Hydrogen Stream: Gentari to supply 650 MW round-the-clock renewable power to AMG Ammonia
Gentari will set up around 2.4 GWp of solar and wind power generation capacity in India, backed with 350 MW/2100 MWh energy storage, to supply firm and dispatchable green power to AMG Ammonia’s facilities
Waaree Energies sets up Australian subsidiary
Waaree Renewable Energies Australia will focus on renewable energy business in Australia.
Stable GPM polysilicon prices post-antidumping duty rates, optimism on firm demand
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.
Torrent Power raises INR 3,500 crore through QIP
Top investors include SBI Mutual Fund, Kotak MF, NPS Trust, New World Fund, American Funds Insurance Series Global Growthfund, and Nippon Life.
