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India | News

Tolidus Techno partners with Jogindra Group for solar project in Punjab
By January 15, 2025January 15, 2025

Tolidus Techno Power has partnered with the Jogindra Group to develop a 110 MWp solar power project, advancing renewable energy adoption in India. The solar project, a captive open-access ground-mounted system, will serve the energy needs of key Jogindra Group enterprises, including Jogindra Castings, Vardhman Adarsh Ispat, and Oasis Enterprises. Located across three sites in Punjab, the project is one of the largest in the region. Tolidus Techno Power will manage the engineering, procurement, and…

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India | News

Lending to renewable energy projects in India rises 63% in 2023
By December 24, 2024December 24, 2024

Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects, highlighting a shift towards solar and hybrid…

Read More Lending to renewable energy projects in India rises 63% in 2023
India | News

Masali village becomes India’s first solar-powered village on the border
By December 20, 2024December 20, 2024

Masali village in Gujarat’s Banaskantha district has become India’s first ‘solar village’ located on the border. The village, with a population of 800, is situated 40 km from the Pakistan border. All 199 houses in the village now have solar panels installed, generating 100% of the village’s electricity needs. The project, worth Rs 11.6 million, provides a total of 225.5 kilowatts of power, exceeding the electricity requirements of each home. The initiative was supported by…

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India | News

Renewable energy projects face up to 12-month delay in signing of PPAs
By December 20, 2024December 20, 2024

India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between project awards and PPA finalizations currently spans eight to nine months, impacting project execution timelines. Several factors, including regulatory uncertainties,…

Read More Renewable energy projects face up to 12-month delay in signing of PPAs
Opinions and Perspective

India’s Power Sector After COP 29
By December 12, 2024March 15, 2025

Only a few months ago, the news coming from a mega event in Gujarat assured us that India is not only going to achieve but surpass the 500 GW from non-fossil fuel capacity target set for 2030. The general mood has turned quite the opposite after the UN Climate Change Conference (COP29) fiasco on climate finance targets committed for transfer from the developed countries. The media reports of 55GW of awarded renewable energy (RE) capacity…

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India | News

Waaree Energies secures 1 GW solar PV module supply order
By December 10, 2024December 10, 2024

Waaree Energies Limited has secured a 1 GW solar photovoltaic (PV) modules supply order from an Indian renewable energy company. The customer is engaged in owning, developing, and operating renewable power projects across India. The supply of these modules is planned for delivery during the financial years 2024-25 and 2025-26.

Read More Waaree Energies secures 1 GW solar PV module supply order
India | News

India leads in clean-tech funding, surpassing China in Q3 2024
By December 10, 2024December 10, 2024

India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total. This marks the second-highest funding globally, following the US. About a quarter of seed-stage investments in climate-related startups are now directed towards India. However, challenges remain, as the country needs significantly more capital to meet long-term climate goals. Despite this, the market is expected to boom as more solutions…

Read More India leads in clean-tech funding, surpassing China in Q3 2024
India | News

India imposes anti-dumping duty on solar glass imports from China and Vietnam
By December 9, 2024December 9, 2024

India’s Ministry of Finance has imposed an anti-dumping duty on solar glass imports from China and Vietnam to protect the domestic solar glass industry from unfair pricing. The duty on Chinese imports ranges from $673 to $677 per metric tonne, while imports from Vietnam face a duty of $565 per metric tonne. The duty applies to textured toughened glass used in solar PV panels and thermal products with a minimum transmission of 90.5% and a…

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India | News

India rejects Baku Finance Goal at COP29, calls it inequitable
By December 2, 2024December 3, 2024

The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing its failure to meet the $1.3 trillion…

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India | News

Premier Energies subsidiaries secure Rs 10.87 billion solar contracts
By November 27, 2024November 27, 2024

Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024. The contracts include Rs 9.64 billion for solar modules and Rs 1.23 billion for solar cells. Deliveries are expected to commence in January 2025.

Read More Premier Energies subsidiaries secure Rs 10.87 billion solar contracts