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SolarfiX India ropes in Japan-based Kanemasa for solar module manufacturing in India

India, News

SolarfiX India has signed an agreement with Japan-based Kanemasa to develop 10 GW of solar module capacity in India by 2030. The capacity will be rolled out in phases across states such as Uttar Pradesh, Maharashtra, Tamil Nadu, and Rajasthan. Kanemasa will act as the technology partner, providing advanced solar tracker systems to optimize energy generation. The memorandum of understanding was signed at the Renewable Energy India (REI) Expo 2024. SolarfiX CEO Anket Kapoor highlighted…

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IFC provides Axis Bank $500 million loan for green and blue finance in India

India, News

The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to scale green finance and develop the blue finance market in India. The funds will be used for projects such as offshore renewable energy and water waste management, as well as to enhance financing for climate projects, with a focus on green buildings aimed at mitigating climate change and generating employment. In June 2024, IFC also committed $105 million…

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Henkel India partners with CleanMax to reduce emissions

India, News

Henkel Adhesives Technologies India Private Limited (Henkel India) has partnered with CleanMax to reduce absolute emissions through a captive solar Power Purchase Agreement (PPA). The solar power project, located in Maharashtra, will be owned and operated by CleanMax and will supply solar power to Henkel India’s Kurkumbh and Thane manufacturing sites. This partnership will lead to annual carbon savings of over 4,500 tonnes at these sites. Henkel India is also setting a Net-Zero pathway for…

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Hitachi Energy to invest Rs 20 billion in India over 4-5 years

India, News

Hitachi Energy plans to invest Rs 20 billion in India over the next four to five years to expand its transformer capacity, talent base, and portfolio.  The investment will focus on large and small power transformers, dry and traction transformers, and insulation and components. It will also strengthen the company’s high voltage direct current (HVDC) capacity and enhance its network control solutions for industries, utilities, and transportation sectors.

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Nepal, India, and Bangladesh sign deal for 40 MW electricity trade

India, News

Nepal, India, and Bangladesh have signed a landmark trilateral agreement to trade 40 MW of electricity, marking the first time Nepal will sell power to a third country. The deal, signed in Kathmandu, allows Nepal to export electricity to Bangladesh via India, as Nepal and Bangladesh are not geographically connected. Under the agreement, Bangladesh will import 40 MW of electricity from Nepal during the five months from mid-June to mid-November each year, with a total…

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CSEP study warns green tariffs could strain India’s power distribution companies

India, News

A report by the Centre for Social and Economic Progress (CSEP) highlights potential financial challenges for India’s power discoms from the Ministry of Power’s plan to introduce green tariffs. The green tariffs aim to encourage renewable energy adoption, but CSEP warns that this shift could financially hurt discoms, especially if high-paying commercial and industrial consumers opt for cheaper green energy alternatives. According to the study, green tariffs could lead to a 15% financial loss of…

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Cabinet approves India’s entry into elite global energy efficiency hub

India, News

The Union Cabinet has approved India’s participation in the International Energy Efficiency Hub, a global platform aimed at promoting energy efficiency through collaboration.   The Energy Efficiency Hub, established in 2020 as a successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), brings together governments, international organizations, and private sector entities to share expertise and best practices. Sixteen countries, including the US, UK, China, and Germany, have already joined the Hub. India’s Bureau of Energy…

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Envision Energy to bring advanced 5MW onshore wind platform to India by 2026

India, News

Envision Energy India Pvt Ltd plans to introduce its newly launched EN 182/5MW onshore wind platform to India by the first quarter of 2026. This follows the company’s previous success with the EN 131/2.5MW and EN 156/3.3MW turbines, which have been deployed across six Indian states since 2017. Announced at Wind Energy Hamburg 2024, the EN 182/5MW platform is set to increase annual energy output (AEP) by over 40% compared to the EN 156/3.3MW turbine….

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Google announces renewable energy partnerships in India

Global, India, News

Google has announced two significant partnerships with Adani and CleanMax in India to enhance the country’s power grid with new renewable energy projects. These initiatives support Google’s goal of decarbonising its cloud services and office operations in India, contributing to its 2030 target for 24/7 carbon-free energy. The collaboration with CleanMax includes a 125.4MW project combining 66MW of solar power in Rajasthan and 59.4MW of wind power in Karnataka, expected to be operational by Q4…

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Nextracker opens India’s first Center for Solar Excellence in Hyderabad

India, News

Nextracker has inaugurated India’s first Center for Solar Excellence (CFSE) in Hyderabad, spanning 13 acres. The facility aims to advance solar tracker technology and accelerate the region’s energy transition. The CFSE includes a 30,000-square-foot lab, a solar tracker installation, and training facilities covering all aspects of a solar project, from design to operation and maintenance. The centre will collaborate with supply chain partners, customers, and third-party laboratories to develop, test, and commercialize proprietary solar technologies,…