Integrating higher share of renewable energy in India’s power system
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
Hild Electric signs 600 MW alkaline electrolyzers deal with NTPC
NTPC, India’s largest power company, will use Hild Electric’s green hydrogen production technology to decarbonize energy, transport and ammonia projects.
Fortum Charge & Drive unveils new brand identity, eyes 3,000 EV charging points by FY 2025
Fortum Charge & Drive India has unveiled its new brand identity ‘Glida’ signifying its commitment to delivering a seamless electric vehicle (EV) charging experience in India. Glida plans to increase the number of its EV charging points to 3,000 by 2025 from around 450 at present.
IFSCA and Climate Policy Initiative sign MoU on sustainable finance
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
India must add 32 GW of solar capacity per year to meet PV target for FY 2030
India will have to add over 30 GW of solar capacity annually to meet the 293 GW PV target in the optimal energy mix for 2029-30. The nation had installed 68 GW of PV capacity as of May 31, 2023.
South Eastern Coalfields to develop 600 MW of solar power projects
South Eastern Coalfields plans to develop 600 MW of solar power projects with more than INR 1,000 crore investment.
Punjab invites EoI for 100 MW floating solar
Punjab Energy Development Agency (PEDA) has invited an Expression of Interest (EOI) from developers to set up a cumulative floating solar capacity of 100 MW across Punjab. The capacity will comprise projects of different sizes, to be developed on a build-own-operate basis.
Oriana Power completes pre-IPO funding round
The Noida-based commercial and industrial solar developer said the pre-IPO round was led by renowned stock investor Anil Kumar Goel, JSW veteran Prashant Jain and Meru founder Neeraj Gupta.
Airtouch Solar signs $3.2 million cleaning robot contract with Amplus
Israel’s Airtouch Solar will supply and install its water-free panel cleaning robots for Amplus Solar’s PV project in Rajasthan. It will also provide comprehensive maintenance services for the robots for 25 years.
India tenders 450,000 MT/year of green hydrogen capacity under incentives scheme
The Solar Energy Corp. of India (SECI) is accepting bids to set up green hydrogen production capacity of 450,000 metric tonnes per year in India under the government’s incentives scheme.
