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India’s 2024 Budget Push for Domestic Solar Manufacturing

Union Finance Minister Nirmala Sitharaman, in the first Budget under a new coalition government, laid out a series of measures to promote clean energy adoption and develop critical mineral supply chains. She highlighted “Ene...

July 23, 2024

Markets & Policy

RTC Renewable Products Must be Redesigned to Meet Demand Curve: Economic Survey

In its Economic Survey 2023-2024 presented to the Parliament by Finance Minister Nirmala Sitaraman, the Union Government has said round-the-clock (RTC) renewable energy products designed for the present demand pattern may have to ...

July 22, 2024

C&I

India’s Green Goals Depend on Corporate Renewable Energy Adoption

Corporates and industries are at the forefront of decarbonization, setting ambitious net-zero targets and striving to achieve them through renewable energy adoption. These efforts include investing in green technologies, aligning ...

July 22, 2024

Other

Creating a Supportive Policy Environment for Renewable Energy Deployment

Facilitating the widespread adoption of renewable energy requires a coordinated effort between state and central agencies. Equally important is establishing a policy regime that leaves no room for ambiguities for project developer...

July 22, 2024

Latest News

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GCF Approves $215.6 Million for SIDBI to Help MSMEs Lower Emissions

The Green Climate Fund (GCF) has approved $215.6 million for the Small Industries Development Bank of India’s (SIDBI) Financing Mitigation and Adaptation Projects (FMAP) in Indian micro, small, and medium enterprises (MSMEs). The projects aim...

July 23, 2024

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DVC Invites Bids for 10 MW Rooftop Solar Projects in West Bengal & Jharkhand

Damodar Valley Corporation (DVC) has invited bids for the design, engineering, supply, erection, and commissioning of 10 MW grid-connected rooftop solar power systems, including comprehensive operation and maintenance (O&M) for five years in...

July 23, 2024

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Jakson Green Secures ₹3 Billion Credit Facility from First Abu Dhabi Bank

Jakson Green, the renewable energy arm of the Jakson Group, has secured a ₹2.96 billion (~$35.36 million) credit facility from First Abu Dhabi Bank (Mumbai) to support its international expansion, starting with a solar photovoltaic and battery...

July 23, 2024

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JSW Energy Q1 Profit Surges 80% on Higher Renewable Generation

Independent power producer JSW Energy reported an 80% year-on-year surge in net profit for the first quarter of fiscal year 2025, reaching ₹5.22 billion (~$63.3 million), helped by higher power generation across its portfolio and improved...

July 23, 2024

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Suzlon’s Q1 2025 Net Profit Soars to ₹3 Billion, Up 200% YoY

Wind turbine manufacturer Suzlon Energy recorded a net revenue of ₹20.16 billion (~$241.02 million) during the first quarter (Q1) of 2025, a year-over-year (YoY) increase of 50% as compared to ₹13.48 billion (~$161.16 million). The company posted a...

July 23, 2024

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Daily News Wrap-Up: MNRE Allocates ₹10 Billion to Promote Rooftop Solar Systems

The Ministry of New and Renewable Energy has allocated ₹10 billion (~$119.5 million) to incentivize Urban Local Bodies and Panchayati Raj Institutions to actively promote and facilitate the adoption of residential rooftop solar systems under the PM...

July 23, 2024

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Ohmium Launches PEM Electrolyzer Gigafactory in Bengaluru

Ohmium International, a provider of green hydrogen solutions, has launched a gigafactory in Doddaballapura, near Bengaluru. The facility, spanning 14,000 square meters, will produce 2 GW of Proton Exchange Membrane (PEM) electrolyzers annually, with...

July 22, 2024

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BluPine Secures ₹4.36 Billion for a 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in financing from the State Bank of India for its 120 MW solar project in Panshina and Radhanpur in Gujarat. The electricity generated from this project will be...

July 22, 2024

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