The Assam Electricity Regulatory Commission (AERC) has released draft guidelines for implementing group net metering and virtual net metering frameworks for renewable energy systems. These guidelines, set to come into effect upon issuance, aim to...

Haryana-based electric bus company JBM Ecolife Mobility has secured $100 million in funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). These funds will be used to supply and operate electric buses...

Engineering company Carborundum Universal (CUMI) has invested ₹80 million (~$954,426) for a 4.19% stake in New Delhi-based Grian Energy (GEPL) which is setting up a renewable energy project. The investment will allow Carborundum to access the...

Amid surging demand for renewable energy in India, delays in finalizing Power Sale Agreements (PSA) and Power Purchase Agreements (PPA) are creating significant obstacles for developers and policymakers alike. In April 2023, the Ministry of New &...

Automotive component manufacturer Samvardhana Motherson International (SAMIL), through its wholly-owned subsidiary MSSL Consolidated, is acquiring up to 3.64 million Class A shares in Israel-based e-mobility company REE Automotive for $4.122 per...

Insolation Green Energy, a wholly owned subsidiary of Insolation Energy, has broken ground on its 3 GW solar PV module facility and a 12,000 MTA aluminum frame plant in Sawarda, Jaipur, Rajasthan. The company said it is investing ₹4 billion (~$47.6...

The Ministry of New and Renewable Energy MNRE has issued guidelines to implement viability gap funding (VGF) for 1 GW offshore wind energy projects. The VGF program for 1 GW offshore wind projects to be commissioned until the financial year...

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for 320 MW grid-connected ground-mounted solar power projects in eight locations in Jalaun, Uttar Pradesh. The last date to submit bids is October 4, 2024. Bids...

The Karnataka Electricity Regulatory Commission (KERC) has clarified that if a rooftop solar consumer switches from a net metering arrangement to a gross metering arrangement and carries out wiring modifications, the distribution companies (DISCOMs)...

Jindal Steel & Power (JSPL) and Jindal Renewables will invest in green hydrogen production for steel making in Angul, Odisha. JSPL plans to incorporate green hydrogen into its Direct Reduced Iron units. In the first phase, Jindal Renewables will...