Tembo Global secures 124 MW solar PPA with Maharashtra government
Tembo Global Industries, an engineering mechanics and project execution solutions provider, has forayed into the renewable energy sector with investment in a 124 MW solar power project. The project will supply power to Maharashtra State Electricity Distribution Co. Ltd under a 25-year power purchase agreement.
PM Surya Ghar Yojana: A game changer for residential rooftop solar uptake in India
Pradhan Mantri Surya Ghar Yojana has attracted 13 million registrations and 1.8 million applications in first six months of its launch, leading to about 1.8 GW of new residential rooftop solar installation.
Rayzon Solar secures 216 MW PV module supply contract with Larsen & Toubro
Rayzon Solar will supply 216 MW of its PV modules for floating solar projects in Panchet and Ramagundam, and a ground-based project in Bihar, being executed by Larsen & Toubro on a turnkey basis.
ITC commissions 9.45 MW offsite solar plant for self-consumption
ITC targets to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision. The new Karnataka solar project will help it reduce CO2 emissions by over 12,000 tonnes every year.
Avaada Energy closes INR 597 crore refinancing for C&I solar projects
Avaada Energy has secured around INR 597 crore ($71.1 million) in refinancing for its commercial & industrial (C&I) solar projects in Karnataka and Maharashtra.
IBM acquires Prescinto for renewables asset performance management
Prescinto is a software-as-a-service (SaaS) platform to manage and optimize the end-to-end operations of renewable energy assets. Its acquisition will enhance the capabilities of IBM’s integrated solution for asset lifecycle management.
Solid-state Li-ion batteries: The next frontier in EV performance
Solid-state batteries are gaining attention as traditional Li-ion batteries pose unique challenges of limited range accompanied by slow charging speed. Solid-state batteries consist of a solid electrolyte, which is sensitive to moisture, mandating a highly controlled manufacturing environment.
Australia’s SunDrive teams with Trina on solar tech development
Solar cell technology innovator SunDrive Solar will join forces with Chinese PV manufacturing giant Trinasolar to develop “cutting-edge” manufacturing facilities and bring Australian-made solar panels to market at scale.
Sterling and Wilson Renewable Energy hits unexecuted order value of more than INR 10,500 crore
Sterling and Wilson Renewable Energy’s unexecuted order value has increased to its highest ever at more than INR 10,500 crore with order inflow of around INR 2,050 crore in Q2 FY25.
Gautam Solar to launch IPO
Gautam Solar plans to launch an IPO in the next 12-18 months to fund its INR 1,000-crore PV cell expansion.
