ICRA expects the demand prospects for RE capacity addition by commercial & industrial (C&I) segment to remain solid, given the improved tariff competitiveness and strong sustainability/green initiatives by C&I players to meet their energy requirements through renewables, going forward.
Adani Green Energy Ltd (AGEL) has extended its Construction Financing Framework to $1.64 billion by raising a $288-million facility for its under-construction renewable asset portfolio, the company said in a release.
E2S Power, a Switzerland-based developer of thermal energy storage solutions, and domestic power utility India Power Corporation Ltd (IPCL), have signed a memorandum of understanding to work closely on transforming fossil fuel power stations in India into thermal storage systems for renewable energy.
Azure Power has announced full commissioning of its 300-mw “Rajasthan 8” solar project located at Bhadla in Rajasthan.
Sunpower Renewables plans to provide solar-powered electricity to over 10,000 homes in over 100 Indian villages with a view to empowering women and girl children.
In a bid to ensure equitable access to last-mile electricity and encourage energy transition in the rural areas of Uttar Pradesh, Bihar, Jharkhand, and Odisha states, Smart Power India (SPI), the Indian subsidiary of Rockefeller Foundation has signed a non-financial and non-commercial memorandum of understanding with Adani Solar.
India added 10 GW of solar capacity in calendar year 2021, according to the to the newly released Q4 & Annual 2021 India Solar Market Update by Mercom India Research.
Goldi Solar, in partnership with Shree Ramkrishna Knowledge Foundation (SRKKF), laid the foundation stone for the solarization of the village of Dudhala in southern Gujarat.
Enphase Energy Inc recently showcased its India manufacturing unit, setup in partnership with Salcomp. The Enphase-Salcomp unit has emerged as India’s largest solar inverter manufacturer with an annual capacity of more than 6 million units.
Adani Group has signed a non-binding MoU with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India.