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.
Coal India Ltd launches 1 GW solar EPC tender
Coal India Ltd has invited EPC bids for its 1 GW solar power project planned in Rajya Vidyut Utpadan Nigam Ltd’s solar park in Rajasthan. Bidding closes on Jan. 2.
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.
Federal Bank, Ecofy partner on financing for MSME rooftop solar
The co-lending program targets financing 3,600 kW of rooftop solar installations annually, benefiting numerous micro-, small and medium-sized enterprises (MSMEs).
Gensol Engineering secures 22 MW C&I solar PV project in Punjab
Gensol Engineering Ltd has secured a 22 MW ground-mount solar PV project with an order value of INR 88 crore from a steel company in Punjab.
IMFA forms joint venture with JSW Green Energy
Indian Metals & Ferro Alloys Ltd has formed a joint venture with JSW Green Energy to set up a hybrid wind-solar power plant for self-consumption.
Grew Energy to supply 500 MW of PV modules for Jindal Renewable’s solar project
Grew Energy will supply PV modules for Jindal Renewable’s upcoming solar project to power steel production.
Reliance Power arm secures LoA for 930 MW solar with 465 MW/1,860 MWh battery storage
This is India’s single largest project of solar and battery storage system.
India’s green hydrogen leap presents INR 8-10 trillion opportunity
India’s target of achieving 5 million tonnes per annum of green molecule production by 2030 presents an investment opportunity of INR 8-10 trillion across building the infrastructure for electrolyzer production, renewable energy generation and green molecule production.
RMC Switchgears secures 5,000 solar pump order in Maharashtra
RMC Switchgears has secured the order to supply, install and commission 5,000 solar pumps in Maharashtra.
