JSW Energy acquires O2 Power
JSW Energy Ltd has acquired O2 Power, a 4.7 GW renewable energy platform, at an enterprise value of INR 12,468 crore ($1.47 billion).
Hydrogen energy: India’s path to a sustainable future
The widespread adoption of hydrogen energy has the potential to reduce India’s annual greenhouse gas emissions by 50 million tonnes by 2030. This transition will not only contribute significantly to global climate goals but also drive economic growth through job creation, increased energy security, and enhanced industrial competitiveness.
NTPC signs MoU for green hydrogen mobility in Bhubaneswar
NTPC will set up a green hydrogen fuelling station in Bhubaneswar and provide hydrogen buses for short-haul and long-haul operation.
Annual lithium-ion demand surpasses 1 TWh for first time
The big milestone comes on the back of a record month for electric vehicle sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter’s impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Global solar module prices stable-to-firm as markets wind down for year end
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.
Solarium Green gets BSE nod for SME IPO
Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.
Antidumping investigation could more than double cost of U.S. EV battery, energy storage
Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
ALMM cell mandate will drive up capital cost for solar developers, says Crisil report
The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.
Why district cooling is India’s best bet for climate resilience
As the need for decarbonizing cooling becomes more urgent, District Cooling delivered through the CaaS model is expected to gain wider acceptance. Its ability to scale across large developments and provide a more sustainable, long-term solution for India’s rapidly growing cooling demand positions it as a key lever to address the paradox the country faces of meeting the burgeoning cooling needs while honoring our climate commitments.
