Union Cabinet approves Rs 4,500 crore PLI scheme to boost domestic solar manufacturing

The Union Cabinet has approved a Rs 4,500 crore production-linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The PLI scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore. The PLI scheme is likely to create direct employment of […]

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Radiance arm of Everstone acquires Azure’s 152 mw rooftop solar assets for Rs 536.5 cr

Radiance Renewables, arm of Everstone has acquired 152.5 mw rooftop solar assets from Azure Power Global for Rs 536.5 crore. Radiance is subsidiary of a green growth equity fund managed by Everstone Group firm EverSource Capital. The transaction is through the green growth equity fund, an equal joint venture between Singapore-based private equity firm Everstone […]

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Borosil to double solar glass capacity investing Rs 500 crore

Borosil Renewables, the sole domestic manufacturer of solar panel glass, is doubling its capacity to 900 tonnes per day with an investment of Rs 500 crore, a top company official has said. The city-based company, a part of the Borosil Group that is the market leader in laboratory glasses and other consumer glasses, currently has […]

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Tata Power to develop 60 MW Solar Project for GUVNL

Tata Power has announced that the Company has received a Letter of Award from Gujarat Urja Vikas Nigam Limited (GUVNL) on 26th March 2021 to develop a 60 MW solar project in the state of Gujarat. The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years […]

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NTPC records its highest ever group generation of 314 BU in FY 21

India’s largest power generating company-  NTPC recorded its highest ever group generation of 314 BU in FY 21, a growth of 8.2% compared to previous year.  On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year. NTPC Group has 70 Power stations including 26 Renewable projects.  The group […]

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R.K. Singh launches GRAM UJALA programme in Varanasi

R.K. Singh, the Union Minister of State (I/C) for Power & New and Renewable Energy, launched the GRAM UJALA programme on Wednesday in Varanasi, Uttar Pradesh. Under this program Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), will distribute high quality LED bulbs, at an affordable cost of 10 […]

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183 primary schools in Punjab to go green tapping solar power

In a bid to reduce the cost of electricity in the government schools of the state, the Punjab government would install 3KW solar panels in 183 primary schools at a cost of Rs. 2.74 crore. Education Minister Vijay Inder Singla said that the Education Department is making continuous efforts to further strengthen the infrastructure in […]

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India could increase its target to 600 GW of renewable capacity by 2030: Researchers

Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables. The study examines electricity and carbon mitigation costs associated with achieving aggressive renewable energy targets in India’s electricity grid in 2030, and finds that wind-majority or balanced wind-solar targets have the most cost-effective potential for power […]

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ABB reaches 5GW milestone in delivering solar plant automation solutions in India

ABB has announced that it has reached a cumulative 5GW milestone in delivering solar plant automation solutions in India. The firm said it has reached the cumulative 5-gigawatt (GW) mark in providing Programmable Logic Controller based (PLC) solar plant automation solutions in India. This milestone is an outcome of many significant solar power projects that […]

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