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States committing to power sector reforms incentivized by increased market borrowings space
Under the scheme, the states may commit to reforms and be eligible for increased borrowing space of ~Rs. 80,000 Crores. This scheme adopts a novel approach to incentivize the states, to commit to reforms and in turn, take benefit in the form of availability of enhanced financial resources.
EKI Energy reports 9M FY2022 revenues of INR 1,325 crore
Robust business growth has been supported by higher demand and increasing carbon credits prices along with changing climate related regulations, increasing awareness of GHG emissions reduction and carbon neutrality pledges by corporates.
Gautam Solar launches solar pump controllers and remote monitoring units for solar PV systems
The second generation of Gautam Solar pump controllers come with MPPT, remote monitoring, and protection devices.
Artha Energy Resources launches Fintech platform to democratize RE investments
The renewable energy solutions provider eyes 15-fold growth with transactions of INR 100 Cr in 12 months, across 20 cities in India.
TVS Motor Company accelerates electrification in the commercial mobility segment; signs MoU with Swiggy
The partnership is an extension of the mutual commitment between the companies towards increasing the share of EVs in food delivery and on-demand delivery services. The MoU highlights TVS Motor’s electrification prowess and commitment in the electric commercial mobility segment.
Azure Power’s Rights Issue open for subscription Azure_Power_Logo
Azure Power Global Limited has announced that its rights offering is open for subscription to raise proceeds of up to $249,938,599.
Green bonds will prop Adani’s future green plans
Adani Green Energy, which takes care of the renewables business, has been very active in the green bond market, raising $750 million through the market last September. It will not be the last as the Group would use the market to fund its $20 billion investment plan.
Tata Power leads S&P Global’s ESG Score for power utilities in India
The company scored 67 out of 100, significantly higher than the average world electric utility score of 38.
Vinnic Power launches industrial-grade 2000Wh portable power station
Vinnic Power Station is built on rechargeable lithium iron phosphate battery, state of the art inverter circuit and battery management system (BMS).
Finance Minister promises implementation of BCD on solar modules from April 2022 during a meeting with solar manufacturers
The solar manufacturers’ associations have also requested that a notification regarding this be brought in the upcoming union budget.
