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Havells to invest Rs 6 billion in Goldi Solar

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Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation, storage, distribution, and consumption. Havells is already…

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Odisha approves Rs 447.93 billion investments

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The Odisha government has approved five industrial projects worth Rs 447.93 billion. This includes: Indian Strategic Petroleum Reserves Limited (Rs 87.43 billion) Project: Crude Oil Storage facilities Jobs: 5,130 Location: Jajpur Inox Solar Limited (Rs 40 billion) Project: Manufacturing facility of solar modules & photovoltaic cells Jobs: 3,400 Location: Dhenkanal ACME Cleantech Solutions Pvt. Ltd. (Rs 40.5 billion) Project: Integrated manufacturing plant for Mushroom Root Fermentative Protein Jobs: 3,475 Location: Cuttack Tata Steel Limited (Rs…

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Fujiyama Power to invest Rs 6.5 billion in solar manufacturing in MP

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Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility.  The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of 2 GW, will cater to residential, commercial, and industrial segments, with exports to over 10 countries.  Chief Minister Dr. Mohan…

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Global shift towards sustainable energy drives $3.1 trillion investment surge

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A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments.  Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a surge in support from the Asia-Pacific (APAC) region, which has emerged as the leading investor. According to the World Solar…